When it comes to success and happiness in life, emotional intelligence makes it possible to reach your career and personal goals, succeed in work, and build relationships. People who are emotionally intelligent are able to recognize the emotional state of others as well as their own state to create a connection and form relationships.

For the purpose of financial success, it’s the ability for you to recognize your emotional state that needs to be the focus. Emotional Intelligence is made up of five elements; self regulation, self awareness, motivation, empathy and social skills. Focusing on and mastering the first three elements is what will enable you to have control over your finances.

“We are dangerous when we are not conscious of our responsibility for how we behave, think, and feel.” – Marshall B. Rosenberg

Self-Consciousness is the capability to know which emotions you’re feeling and why. Self-Regulation is the capability to control your feelings and impulses and select the emotions that you would like to experience rather than being the victim of whatever feelings arise. Motivation is about utilizing your emotions to stay positive, optimistic and persistent as opposed to negative and pessimistic.

Some of these three elements may already come naturally to you. If they do, that’s great! If not, you need to work on them, because mastering these three elements will surely get you on the road to financial freedom. And there’s no doubt, that the conscious effort to master all five elements will enable you to live a better, happier and more successful and fulfilled lifestyle overall.

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