Financial Intelligence Quotient (FQ), sometimes also referred as financial intelligence (FI),  or financial IQ, is the ability to make sound decisions and actions in managing one’s personal finance. There is an emphasis on the action because just like in health and other important aspects of life, knowledge is not enough. FQ is more than just a set of skills because it is a value system. This is the definition introduced by FQ Mom Rose Fres Fausto in her book Raising Pinoy Boys. She proposed to include FQ as the nth intelligence in addition to the many Qs parents have to contend with in raising their children. She takes off from the Theory of Multiple Intelligences by Howard Gardner. It is not the same as Logical Mathematical Intelligence because someone with high IQ may have a low FQ, and vice versa. It is proposed that FQ is honed as early as possible in relation to one’s family values. Late introduction to the principles of FQ may lead to adults with stressful lives no matter how successful they are in the other aspects of life. Early introduction of the principles of High FQ also eliminates the need to unlearn bad money habits.%DIFDELCMD < %DIFDELCMD < %%% Moreover, FQ is your ability to obtain and manage one's wealth by understanding how money works. Like emotional quotient (EQ), FQ derived its name from IQ (intelligence quotient). Measurement FQ Test A short test designed to measure the Financial Intelligence Quotient (FQ) of an individual. It is divided into two parts: 1.) Knowledge – the basic skills on interest, inflation, etc.; and 2.) Behavior – the actual practices in handling money. The total score is not permanent as one’s FQ can improve or deteriorate as time goes by, primarily on the behavior part. Take the test by clicking this link: A widely adopted measurement of FQ is based on a six-category model developed by Yu and Zhang.Yu, Cindy and Zhang, Hong (2016). "Financial Intelligence for Parents and Children (FIFPAC): Financial Intelligence Quotient (FQ) Test", Institute of Financial Intelligence, . The six categories are, Spending Credit and debt Career and income Investing Financial planning Risk and protection
Financial Quotient (FQ), sometimes also referred as financial intelligence (FI), financial intelligence quotient (FiQ) or financial IQ, is the ability to %DIFDELCMD < %DIFDELCMD < %%% obtain and manage one's wealth by understanding how money works. Like emotional quotient (EQ), FQ derived its name from IQ (intelligence quotient). Measurement A widely adopted measurement of FQ is based on a six-category model developed by Yu and Zhang.Yu, Cindy and Zhang, Hong (2016). "Financial Intelligence for Parents and Children (FIFPAC): Financial Intelligence Quotient (FQ) Test", Institute of Financial Intelligence, . The six categories are, Spending Credit and debt Career and income Investing Financial planning Risk and protection
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Intelligence
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financial intelligence quotient (FiQ)
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make sound decisions and actions in managing one’s personal finance. There is an emphasis on the action because just like in health and other important aspects of life, knowledge is not enough. FQ is more than just a set of skills because it is a value system.
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This is the definition introduced by FQ Mom Rose Fres Fausto in her book Raising Pinoy Boys. She proposed to include FQ as the nth intelligence in addition to the many Qs parents have to contend with in raising their children. She takes off from the Theory of Multiple Intelligences by Howard Gardner. It is not the same as Logical Mathematical Intelligence because someone with high IQ may have a low FQ, and vice versa. It is proposed that FQ is honed as early as possible in relation to one’s family values. Late introduction to the principles of FQ may lead to adults with stressful lives no matter how successful they are in the other aspects of life. Early introduction of the principles of High FQ also eliminates the need to unlearn bad money habits.
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Moreover, FQ is your ability to
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Measurement
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FQ Test
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A short test designed to measure the Financial Intelligence Quotient (FQ) of an individual. It is divided into two parts: 1.) Knowledge – the basic skills on interest, inflation, etc.; and 2.) Behavior – the actual practices in handling money. The total score is not permanent as one’s FQ can improve or deteriorate as time goes by, primarily on the behavior part. Take the test by clicking this link:
Measurement