financial quotient





Let's continue the discussion on Big 8 Formulation of Financial Quotient :Look around, and see how the wheels of business turning. Pay attention to transactions that occur every time; people buy credit, best-selling line at the restaurant, including the transactions that occurred in traditional markets. Understand why people are willing to sacrifice certain amount of money to acquire goods or services.For 15 minutes, try to note the cashier at a supermarket. Estimate how many dollars, the transaction which he did. For 30 minutes, when it was at lunch, try to count the number of consumers who come to the restaurant where you eat. Estimate how much expenditure per person, and try to guess how much turnover in the restaurant every day. Understand how well managed, how they get raw materials, and how they treat the stock that is not sold.Try to observe people's behavior when shopping. Investigate their background. Look at the preferences of goods they buy. While you are chatting with friends, try asking about what goods or services they really want to get if they have a lot of money.Here are the things you might find :The fixed income have similar spending patterns. Both cycle time and the goods they want to buy.Cash flow pattern occurs, in the early months of the money flowed from the employer to the employee. But that only happens in a few days. Moreover, the flow of money turned back to the employers, ie those who own and manage the business. Even if the salary is up, the employee did not stop shopping. Is not there a credit card?Compared to the employers, precisely fixed-income employees, the most daring owe. Most of their debt is consumer debt. Nominal amount may not amount to much. But it is relatively nominal amount? We have to compare it to income. Many of them mortgaged future revenues for the enjoyment / utilitias enjoyed today. Unfortunately, 90% intended for consumption purposes! Not to improve cash flow, the longer they are entangled consumer debt, the smaller the chance to be financially free.Most people have obsessions that are consumptive (eg a holiday to Hawaii, buy luxury car, renovate a house, etc.). Only a few are obsessed to restructure assets and raising money in order to get passive income.People who are financially savvy, able to see what ordinary people are not able to be seen. In layman's eye, a hen is a two-legged animals who otherwise would be baked delicacies. But for a financially savvy (having a, hens were three years ahead will be hundreds of chickens.Look around. Try playing your imagination. Imagine if the swamp land was transformed into the residential real estate, shopping malls or luxury apartments. Certainly land prices would double outstanding.Many players who are looking for real estate business hidden gold. They are looking for land that has no value for others, then transformed into gold. They create an environment and sell with ease. They are selling is actually the idea, not the house or garden.The advantage clearly exceptional. However, they are very aware that the profits earned at the time of purchase, not when to sell. This means, they know exactly what they should do at the time of initial purchase dealing.Everything of value lies hidden. We must explore the mountain to get a hunk of gold. We have to dive into the seabed to get pearls. Gold does not appear above ground, as well as pearls are not visible above sea level.Gold is the metaphor of hidden business opportunities that you can work on. Maybe it was not worthwhile for the average person, but if you touch it, he could be a money machine. Most people do not realize it, so your chances of getting wide open.Business junkyard and scrap paper miaslnya, is the kind of business that does not appeal to most people. Because a bad image, dirty, complicated, and similar waste. Also unhealthy work environment.However, the picture is deceptive. Just the impression that emerges when we look at the barren desert that lay wide. Yet, beneath the blinding desert sources said that there are billions of barrels of oil.So do not be fooled appearance or image of the surface. Maybe we did not think that a seller of fried bananas could reach sales turnover of Rp 5 million per day. A seller dumplings could reap a net income far greater than the salary of a manager who dressed neatly and everywhere a luxury car ride.