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There are certain traits, attributes, or habits we have as humans that affect us in one way or the other. Sometimes, these traits affect us positively, while others negatively. When it comes to your finance, there are many traits you have that could be stopping you from getting to the financial status of your dream. 
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Your ability to recognize these traits and consciously work on them determines to a large extent how financially intelligent you are. Simply put, the art of intentionally developing useful knowledge and skills about money in a way that is beneficial to your short- and long-term goals is known as financial intelligence. Financial intelligent people can understand the unhealthy financial traits they have and work to stop them while keeping up with the healthy ones. In this post, I will be sharing with you 5 traits of financial intelligent people that you can learn to become more financially intelligent.   

Financial Intelligent People Set Financial Goals 

Goalsetting is one term you may be familiar with as a career or business person.  Just as Tony Robbins stated that “setting goals is the first step in turning the invisible into the visible”, financially intelligent people understand that setting financial goals will help keep them focused on their financial journey.  They intentionally set financial goals for themselves and work towards them. One of the popularly recognized rules of setting goals is the SMART-goal rule. That is, a good goal must be specific, measurable, attainable, realistic and time-bound. How financially intelligent you are could be measured in the kind and manner of financial goals you set for yourself. 
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Financial Intelligent People Have Financial Plan 

One of the most important traits of financially intelligent people is that they understand that money neither falls from trees nor does it grow itself. This is the reason why they set a good financial plan for themselves that covers their income, savings, and investment. 

Financial Intelligent People Make Budgets

Spending without a budget is one of the attributes of financially unintelligent people. Financially intelligent people take out their time to budget how they spend every kobo they make. Many individuals have a money habit of buying things on impulse. This is not the way of the financially intelligent.  Making a budget will help you prioritize your expenses and ensure you are spending money on only the things that are important to you. 

They Know About Money And How It Works

Financial intelligent people know money and ensure they keep this knowledge updated regularly. The Rich Dad captures this clearly when he stated in Rich Dad, Poor Dad that:
“One of the reasons the rich get richer, the poor get poorer, and the middle-class struggles in debt is because the subject of money is taught at home, not in school. Most of us learn about money from our parents. So what can a poor parent tell their child about money? They simply say ‘Stay in school and study hard.’ The child may graduate with excellent grades but with a poor person’s financial programming and mindset. It was learned while the child was young.” 

They Have Financial Advisors

An advisor is knowledgeable in a given subject and can guide on the subject. Financial intelligent people have the habit of consulting with financial advisors to take certain financial decisions.  There are individuals experienced and knowledgeable in financial matters whose knowledge can help you make decisions such as the right savings, investment, insurance or retirement plan. The financially intelligent people know this and utilize it while the financial unintelligent sees it as a waste of money and often fall prey to scams and frauds. 

Closing Thoughts

There you have them, 5 traits of financial intelligent people. The good thing about them is that just about anyone can learn and develop them. If you notice any of the above traits lacking in you, it will benefit you greatly to begin working on developing these traits. No matter where you are currently in your finance. Featured Image Source: Youth Entrepreneurship
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This article was first published on 11th February 2022


Ifegwu-Mbonu Victor is a Personal Growth and Leadership Trainer who provides training and coaching to individuals and organizations.

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