Financial Emotional Intelligence is Ultimate Success Predictor
Financial Emotional Intelligence is Ultimate Success Predictor
In our lifetime, we have all met people with great financial wealth but who seemed to lack substance. And we have also met people who had very little money to their name but deeply felt the extent of our humanity.
As business leaders and entrepreneurs, many of us were trained to separate emotional success from financial success. But the days of “keep your feelings out of business” are long gone. More than ever, we are realizing that it is our moment-to-moment dominant feeling that determines the level of success we experience both emotionally and financially.
Before we go down the rabbit hole called financial emotional intelligence, let me ask you, “What does being financially emotionally intelligent mean to you?”
According to Investopedia, being financially emotionally intelligent has to do with the “need to live within your means. And to live within your means, you must spend less than you make.” Do you agree with that definition?
If you do, know that you are not alone. There are many people who think that being financially emotionally intelligent has to do with being financially responsible. Think about it.
If somebody borrowed over $100,000 against their line of credit to invest in their personal development, would you call that a financially emotionally intelligent decision? I received a resounding “No!” from those in my immediate environment when I made that decision a long time ago, but back then, I was onto something big. Let me share that something with you.
Financial emotional intelligence is understanding what we feel about money and why. It is really zeroing in on what money means to us emotionally, so we can feelingly welcome more money into our lives and enjoy it. Don’t take my word for it. Let’s do an exercise together.
