Robert Kiyosaki is the author of this article entitled "Improving Your Financial Intelligence." He is an investor, entrepreneur and educator whose views on money and investment are in line with traditional wisdom. Kiyosaki has challenged and changed the way many people around the world think about money.
The financial expert grew up in Hawaii and is a fourth-generation Japanese-American. After graduating from New York University, Kiyosaki participated in the Marine Corps and served as an officer and helicopter gun pilot in Vietnam.
The author said that this is not the case whether money can create a rich man. He explained that money alone does not make a person rich, and adds that we all know that people go to work every day, make money for money, make more money, but they don't become wealthy.
The financial expert asserts that the irony is that many people can only increase their debts through the money they earn. Kiyosaki said that we have all heard the lottery winners, the stories of instant millionaires, and they are immediately poor again. He added that we once again heard the story of real estate entering foreclosures, rather than making homeowners richer and financially safer, and the real estate industry pushing homeowners out of their homes and into slums.
Kiyosaki said that many of us know the individuals who invest in losses in the stock market. He educated that even if he invests in gold, the only real money in the world will bring money to investors.
According to him, this article is not a rich article, nor is it a text about certain financial magic formulas. Instead, he said it was to increase your financial IQ and your financial IQ. The authors say that no matter what the economy, the stock or real estate market is doing, it will become more and more affluent by the five basic forms of financial intelligence needed to become smarter and grow richer.
In terms of structure, the paper is divided into ten chapters. The first chapter is why the question is financial intelligence? In the author's words, "money itself does not solve your money problem. This is that funding the poor does not solve their money problems. In many cases, it only prolongs the problem and causes more poor people."
Kiyosaki said that hard work can not solve the problem of money, and stressed that the world is full of hard-working people, they make money, but they are heavily in debt and need to work harder to make more money.
He said that education does not solve the problem of money and adds that the world is full of poor people with higher education.
According to Kiyosaki, only financial intelligence can solve all the money problems. In his words, "in simple terms, financial intelligence is part of all the intelligence we use to solve financial problems... Financial intelligence solves these and other money problems. The problem persists... Many times they get worse and cause more money problems. For example, millions of people don't have enough money to retire. What's worse, they need more medical expenses as they get older.
The author reiterates that whether you like it or not, money does not affect lifestyle and quality of life, and adds that the freedom of choice offered by money may mean the difference between free-riding or boarding a bus or private jet.
The second chapter is based on the themes of five financial intelligence firms [IQs]. Kiyosaki has educated five basic financial IQs: making more money [Financial IQ No. 1]; protecting your money [financial IQ No2]; budgeting your money [financial IQ No3]; using your money [financial IQ No4] And improve your financial information [financial IQ No5].
Regarding the difference between financial intelligence and financial IQ, he said, "Most of us know that people with an IQ of 130 are smarter than those with an IQ of 95. Financial IQ can draw the same similarities. In financial intelligence. Can be equivalent to an idiot... Financial intelligence is part of the intelligence we use to solve financial problems. For example, if I earn $100,000 and pay a 20% tax, my financial IQ is higher than earning $100,000, paying 50% of people."
Kiyosaki explained that in this example, the financial IQ of a person earning a net profit of $80,000 after taxes is higher than the net profit of $50,000 after tax. Both have financial intelligence, but those who retain more money have higher financial intelligence and educate the expert.
In Chapters 3 through 7, the five financial IQs that have been discussed in Chapter 2 have been reviewed in detail.
Chapter 8 is named the integrity of money. According to Kiyosaki, "Integrity ' is an interesting word." I have heard it in different ways and in different contexts. I have heard people say, "He doesn't have integrity," or "If they have integrity, they will be more successful." #39; "Others may say, ' The design of the house is complete. '"
Before considering the integrity of the currency, the author said that it is necessary to define integrity. According to Webster, Kiyosaki said that "integrity" can be defined as "sound" [an unharmed condition]; "clean" [a code that firmly adheres to special moral or artistic values] and "integrity" [ Complete or undivided quality or status].
The expert said that just as health can be disintegrated from the lack of integrity, wealth can be affected by a lack of integrity. "The disease or death caused by the collapse of physical integrity is not low income, severe taxes, high costs, excess debt, bankruptcy, foreclosure, increased crime, violence, sadness and despair," elaborated the Author.
He said that the integrity of all five financial IQs needs to get rich and become wealthy and inherit wealth after you. Kiyosaki asserts that the lack of one or more financial IQs is like a person who doesn't know how to drive to drive water in cars and gas pipes without brake pads.
In the words of the author, "When a person struggles economically, one or more of these financial intelligences are abnormal, financial integrity is not perfect, and this person is incomplete. As a small business manager, she The problem is that she does not have tax protection, and she does not have a budget well, impulsively spends money to buy clothes, and the price rises.] Financial planner.
In Chapters 9 and 10, the author places his knowledge exploration on the concept of developing your financial genius and developing your financial IQ.
In terms of style, this article is a prototype of superior style. For example, most illustrations are based on the author's own financial experience, providing credibility and belief in the text. The language is simple and the presentation is very convincing. Kiyosaki generously uses graphic embroidery to achieve visual reinforcement of the reader. Understand and make the layout of the text friendly to the eyes.
However, conceptual repetitions are pointed out in Chapters 3 through 7, and the five financial IQs already discussed in Chapter 2 are further studied. People had hoped that he would be able to unify the second to seventh chapters. Maybe, Kiyosaki wants to emphasize it by deliberate repetition.
In addition, the grammatical act "smart" in the dictionary indicates that it is an uncountable noun, and the symbol "U" reflected on it is still used in countable ways on pages 150 and 151. We have "intelligence".
Although the mistakes are rare, this article is great. This is a must for those who wish to complete financial freedom and enrichment through specific financial education.
Orignal From: Improve your financial IQ
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