All right, it's time. Crack your fingers. I'm excited about today because today we're going to learn about the main tenets of financial intelligence. Get out of pen, get out of paper, because this is the stuff you didn't learn in school. Your kids didn't learn this either, unless you're taking the initiative right now to teach them on your

own the value of financial education. I hope you're ready to take notes because I'm going to share

10 foundations to financial intelligence that you need to know to build a better future for your

family. And I want you to share this video with everyone in your family and bookmark this because I

think it could change your life. Whether you're a

beginner or you just need some reminders to sharpen your skills, this video is going to be able to

arm you with the skills and mindset shifts that you need to create your empath to wealth. I'm not a

financial advisor, but I am someone who has learned how to transform my financial situation. I was

massively in debt. I had a foreclosure that I had

to deal with in my 30s. It was bad. It was awful. I lost my job at one point. I had a 500 credit score.

I had massive amounts of credit card debt. It was bad. So I had to turn it all around to build wealth.

Started investing in real estate and built the foundations of the life that I

currently have. So here's what I think the foundations of financial intelligence are. Number one,

understand the difference between assets and liabilities. If you don't have a basic understanding

of this fundamental principle, I can almost guarantee you you're going to get stuck in the middle class

trap. Of course, the middle class is collapsing, so you're going to be pushed down into the

lower class. An asset is something, of course, that you own that can generate income or has a

cash value. And liabilities are possessions that take money out of your pocket every month,

like a car, right? Number two,

build a balance sheet to know where you stand. Once you know the difference between assets and

liabilities, it's time to get down to a baseline of your own assets and liabilities. Now, I'm not

going to go through how to build a balance sheet in this video. You can simply

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