Business and Money Tips

Most people have high IQ, but low FQ - Financial Intelligence.  Just look at the many people who prefer freebies to discounts (like buy 5 get 1 free is more popular than 25% discount) and you'll know what I am talking about. By the way, I think I am qualified to talk about this subject because I am a Chartered Accountant by training, and have a  Second-class Honours Degree in Accountancy  from National University of Singapore in 1988, in addition to a MBA from Scotland in 2000.  There are 3 simple ways that you too can be financially intelligent today: Know that Cash Flow is better than Profits, and Profits are better than Wages .  Cash Flow is money coming in and out whereas Profits are just what you make in a period.   Profits can be boosted by one-off event s (like a big business deal) but Cash Flow is difficult to be manipulated because it is over a period of time (like 4 years).  Of course profits are always better than wages because you need to put in the hours of work