Financial Genius

You don’t have to be a genius to be wealthy. Although high IQ definitely helps, it is more important to have emotional intelligence in order to get rich. Well! All of us learn the simple arithmetic in primary schools. For example, you certainly know “8 = 10-2”. There is really no challenging mathematics involved in personal finance. Simple plus and minus equation is all you need. The two most essential equations in personal finance are: S = I – E Where S = Savings, I = Income, E = Expenses and NW = A – L Where NW = Net Worth, A = Assets, L = Liabilities In the quest of acquiring wealth, one must have a positive S all the time. Only through smart utilization of your savings can ensure that your net worth will increase over time. The above philosophy credited to the book "Top Money Tips For Malaysians"