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Friday, January 9, 2009

Financial Quotient

First, they spoke of Intelligence Quotient. For example, in India, it sufficed if you were an IITian/ IIMite or some such premier insitute's product - that meant that you had an above average IQ.

Soon, Rueven Baron's term, EQ became the buzz word. IQ had by then been debated, trashed by some, but by an large not valued by many. The new quotient was EQ.

For today, guess the new quotient would be "financial quotient". At a time when the world at large is riddled by financial mess, it is time to measure people by their financial quotient. There should be books in the market such as "Quick Guides to FQ". Time for the entrepreneural bright mind to cash in on "financial quotient".

So how would the various biggies of the financial world classify on the FQs?

If the world were to be divided into people with high , fairly, high, medium and low financial quotients, let us see a few examples of who would fall in which category.

Dhirubai Ambani - Category A
Reason - Built an empire from scratch. Ensured financial stability for generations of his family. And for the nation.

All politicians - Category B
Reason - Built an empire from scratch. Ensured financial stability for self and family. All in the name of nation.

Most employed workers - Category C
Reason - Built bank balances from scratch. Trying to ensure financial stability for self and family. No hypocrisy. Selfless in being selfish.

Myself - Category D
Reason - No sense of money atleast where self and family is concerned. Financial quotient for me is zilch.


But what of Ramalinga Raju?