Mastering Your Values & Financial IQ Starring Adnan Author of the Social Insanity Blog.

It was an absolute pleasure to have the opportunity to interview my friend Adnan Rasool, a world class Blogger who has studied philosophy, psychology, spirituality, relationships and financial IQ for over a decade and has excelled in the investment management and superannuation industry helping Australians create long term investment strategies to enable them to retire comfortably and live life on their own terms.

The wisdom offered in this episode is next level and I’m certain you’ll get a tone of value from it. In part 1 of this episode, we discuss how your values impact your life choices, break down your values hierarchy, understand how to become consciously aware of what your values are and avoid compromising them.

In  part 2, we discuss how our values and life choices impact our financial outcomes, what we can do to enhance our financial IQ, how to better manage our habits around money, and develop the emotional discipline that is required to become a brilliant investor.

Key points that stood out with regards to mastering our Values included:

• There is always an opportunity cost of you doing anything.
• Health is the only actual wealth and you build everything on top of it.
• No amount of amazing relationships or money matters if you don’t have health.
• Cognitive dissonance means that if the behaviour does not match the value, either the belief has to change or the behaviour has to change.
• A good experience changes the way you do things, an amazing experience changes the way you think and that is priceless.
• Self-awareness is the root of all self-improvement.

Key points that stood out with regards to mastering our Financial IQ included:

• Financial IQ means that you have the freedom to choose how you spend your time and you have the freedom to liberate yourself.
• Financial literacy in Australia is one of the lowest in the World, the financial literacy gap between women and men is quite large.
• Only 36% of corporate workers in Australia are certain about their retirement
• 75% of all suicides in Australia are adult men which is more often than not due to financial stress. 40% of suicide attempts in Australia have been due to financial stress.
• Money doesn’t solve problems, intelligence solves problems, you have to be smarter than money to make it work for you.
• Money and pleasure are very cruel masters. There is no point making money if you’re going to blow it.
• You must be willing to analyse your spending habits. Cynics always criticize, winners analyse, a pearl of wisdom from Rich Dad, Poor Dad.
• It is better to be nerd who has financial freedom rather than to be a rockstar who is homeless.
• Freedom from fear and greed is true freedom. There is only two ways to have enough, one is to seek more and more and the other is to be happy with less

Disclaimer: This is not investment and/or personal advice and the content of this article is of general nature – as per financial regulator’s (ASIC) classification. Seek financial advice which is tailored to your circumstances, purpose, needs, return/risk preferences and don’t wants which usually defines the wants.

To find out more about the host of the Will to Win Podcast, follow him on Instagram stevescarnie https://www.instagram.com/stevescarnie/ or even on TikTok https://www.tiktok.com/@stevescarnie?lang=en

To find out more about Adnan’s blog, feel free to check out his website https://adnan-rasool.com/ or follow the socialinsanityblog on Instagram https://www.instagram.com/socialinsanityblog/