So, what is FIQ? Many have heard of Intelligence Quotient (IQ); FIQ is Financial Intelligence Quotient. FIQ is a person's Financial IQ: a numeric score based on a series of five questions that assess a person's attitude toward their finances and whether they're prepared to handle financial situations that may come their way.
FIQ assesses the understanding, control, preparedness, and confidence a person holds around finances. The score ranges from 0-10, with 10 being the highest score possible.
It has been observed that the more a person has, the more choices they have, and those choices may lead to more happiness with their situation.
The positive news is that the more aware, the more in control, the more knowledgeable one feels, the higher one’s FIQ. And that can make all the difference in how you live your day-to-day and plan for your future.