Powerful Habits to Improve Your Financial Intelligence
Bisila Bokoko

Powerful Habits to Improve Your Financial Intelligence

Have you ever wondered what secrets are kept by people who always have money? How do they manage to stay economically strong and prosperous even in challenging times? In this article, I’ll tell you about some powerful habits to improve your financial intelligence and get you closer to your long-awaited prosperity.

First, I want you to know that just like you, I’ve been through tough times in which numbers and finances seemed like uncharted and intimidating territory.

In my personal journey, I’ve found that economic challenges can be seen as large, hard-to-climb mountains. However, I am convinced that every challenge we face in life is an opportunity for growth. 

That is why I will be sharing some powerful habits with you so that you can transform that financial uncertainty into an effective tool to improve your personal growth .

The first thing we need to do is understand how numbers work: know where every penny goes and how to increase your money and make it work for you. 

To do this, invest time in educating yourself financially. This is the key to making informed decisions. Seek to constantly learn and don’t be afraid to ask. Why? Because I have experienced firsthand how financial knowledge can radically transform our relationship with money. 

Remember that it’s not just about understanding figures and graphs. It’s about cultivating financial intelligence that empowers you to make decisions.

Understanding the Emotional Relationship with Money

To begin, it’s important to reflect on the relationship between our personal finances and our emotional intelligence. 

We often find ourselves overwhelmed by numbers and accounts, but the truth is that our emotions play a key role in money management.

By making peace with past traumatic situations related to money, freeing yourself from limiting beliefs, and recognizing your talents, you pave the way to a healthier relationship with your finances.

In the end, the more emotional intelligence you have, the more financial intelligence you have.

Change the Narrative

If you’re looking to forge a positive connection with your finances, it’s imperative to transform the “I don’t have money” narrative. 

This phrase, which often becomes a mantra we repeat, can have a significant impact on our perception and handling of money.

Instead of falling into the trap of saying “I don’t have” as a constant limitation, I invite you to change your words.

Visualize each utterance of that phrase as an opportunity to rediscover how you can manage your resources more effectively and creatively.

Let’s face reality: The way we talk about money influences how we experience it. 

So why not change the conversation? Instead of saying “I don’t have any money,” we could explore alternatives such as “I’m managing my resources wisely” or “I’m in the process of creating more financial opportunities.”

Remember, changing the narrative isn’t about words, it’s about changing the mindset. It’s a conscious act of rejecting scarcity and embracing possibility. 

Transformation begins when we recognize that we are the storytellers of our own financial story and that we have the power to put a positive spin on it.

The Power of Financial Planning

If you’ve ever wondered what difference having a solid financial plan would make, the answer is that it would make the difference between simply existing and truly thriving! 

Having a clear budget and keeping a report of your expenses and financial goals not only gives you a detailed view of your situation, but it also allows you to dream big. 

Imagine your future expenses and prepare yourself emotionally for them. This simple habit will help you connect strongly to your goals.

Priorities and Self-Control 

Another powerful habit to improve your financial intelligence is to allocate your money to different categories and set priorities. Ask yourself, what is more important to you and your long-term happiness? 

Separate your spending into categories and recognize the emotions linked to your purchases. Avoiding impulsive spending and making sure each purchase contributes to your financial well-being is key to achieving stability.

Writing your History

Now, I invite you to imagine that your relationship with money is like writing a captivating story.

Keep a written record of your spending and the goals you want to achieve. This will allow you to build a financial narrative that truly connects you to your desires. In addition, this exercise helps you face your fears and doubts by putting your plans and aspirations on paper. 

Remember that change starts with every word you write and every action you take!

Once again, I’m thrilled to share these habits with you, and my greatest wish is that you find inspiration to improve your financial intelligence and transform your relationship with money.

If you would like to share your experience or if you need support, I invite you to leave me a message or contact me through my social networks (@bisilabokoko ).

Thank you for being a part of this journey and committing to your financial growth. 

Remember, you are the author of your own financial story!

As always, I’m sending you a big hug!

Bisila Bokoko

Ana Cifuentes, CFA

Global risk expert - Reinsurance, Business Development & Digital Leadership

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