Weekly Wisdom: Measuring Your Wealth Quotient
Measuring your net worth is easy. You just add up all the money you have in your various accounts, throw in all your assets and subtract your debts.
But that doesn’t tell you how wealthy you are. Wealth is a condition. It does take into account the amount of money your have in stocks and bonds and so on. It considers the debts you have, too. Wealth, though, brings in your mental state, your money habits, and your potential.
We’ll call it the wealth quotient. Or, your WQ.
Just like your IQ and your EQ (emotional quotient) offer you a window into your intelligence and emotional potential, your WQ is a sign of your ability to find and build wealth.
In this edition of Weekly Wisdom, we’ll review some of the best posts and articles to help you measure–and improve–your wealth quotient.
Dreams Come True, Investing, Money, Online Investing AI, Success
is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
