If a person spends money as soon as he gets it, his financial quotient will probably not be much better. Because he has no consciousness of making money at all, he will only spend money on pleasure. Such people will not manage their money well, and they will certainly squander it in the end. For example, there must be such a moonlight clan around us. After you get paid, you go to the mall to eat. Basically, you are rich at the beginning of the month and poor at the end.

If a person gets a sum of money, he will think of saving it first, that is, "paying himself first" At least this person has a certain financial quotient. Because the key to Qian Shengqian is to have money that can be used in the afterlife, that is, money that is not used for consumption. But there are different levels of knowing how to save.

If this person keeps money safely in the bank, then this person's financial quotient is just so-so. He doesn't understand the truth of inflation, and the bank's interest rate can't beat inflation. To some extent, if you put your money in the bank, you might as well be a moonlight family.

People with high financial quotient will allocate their assets reasonably. He will put some money in the bank to protect his emergency needs, and at the same time, he will choose treasury bonds, funds, stocks, bitcoin and even start his own business, which are increasingly risky investment methods. At the same time, people with high financial quotient will be patient. After they choose their own financial management methods, they will hold them patiently and not do too many operations.

Buffett's financial quotient is not high. He bought Coca-Cola shares decades ago and never sold them again.