Financial Intelligence Flashcards
What is financial intelligence?
Financial intelligence is the process of gathering and applying relevant information on financial matters, which enables you to make sound decisions concerning your income, expenditure, and investment.
What you don’t know, you don’t know. What you won’t learn, you won’t know. And what you don’t know, you will suffer for it!
Dr. David Oyedepo
Key Financial Principles
Have a seed mentality
Avoid waste
Adopt budgeting
Invest wisely
Work hard
Genesis 1:11
And God said, Let the earth put forth [tender] vegetation: plants yielding seed and fruit trees yielding fruit whose seed is in itself, each according to its kind, upon the earth. And it was so.
Proverbs 20:21
The wise have wealth and luxury, but fools spend whatever they get.
Mind the missing sheep
Luke 15:4-6
Mind the missing silver coin
Luke 15:8-9
Mind the leftover
John 6:12-13
For which of you, wishing to build a farm building, does not first sit down and calculate the cost [to see] whether he has sufficient means to finish it?
Luke 14:28
Parable of the talents
Matthew 25:14-30
Lazy hands make for poverty, but diligent hands bring wealth.
Proverbs 10:4
Proverbs 12:11
Those who work their land will have abundant food, but those who chase fantasies have no sense.
Proverbs 14:23
All hard work brings a profit, but mere talk leads only to poverty.
To avoid in financial intelligence
Big break me tality
Debt
Laziness
Excessive or unaffordable luxury
Proverbs 13:11
Wealth from get-rich-quick schemes quickly disappears; wealth from hard work grows over time.
Proverbs 22:7
Just as the rich rule the poor, so the borrower is servant to the lender.
Proverbs 21:17
Just as the rich rule the poor, so the borrower is servant to the lender.
