Robert Kiyosaki

Rich Dad's Increase Your Financial IQ

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Many of our global economic problems started in 1971…when President Richard Nixon took the U.S. off the gold standard. Throughout history, when a government went off the gold standard, an age of turbulence began.In 1997, Robert's book Rich Dad Poor Dad stunned readers stating, “Your house is not an asset.” As howls of protest went up around the world, the book went on to become an international bestseller and the #1 personal finance book of all time.Rich Dad Poor Dad is not a book on real estate. It is a book about the importance of financial education. Rich Dad Poor Dad was written to prepare you and your loved ones for the financial turbulence Robert's rich dad saw coming.In 2007, as homes declined in value or were lost to foreclosure, millions of homeowners painfully discovered the wisdom of words of Robert's rich dad. Today we are all aware that a home can be a liability. Today we know a home can go up or down in value. Today, we all know a person can lose money investing in the stock market. Today we all know our money can go down in value and that even savers can be losers.This is why financial intelligence is more important today than ever before. In a world of financial turbulence, your best asset is financial IQ.
This book is currently unavailable
312 printed pages
Original publication
2015

Impressions

Muhammad Irfan Azam
Muhammad Irfan Azamshared an impressionlast year
👍Worth reading
🔮Hidden Depths
💡Learnt A Lot
🎯Worthwhile
💞Loved Up
🚀Unputdownable

This is another awesome book by Robert Kiyosaki. In this book, he explains five aspects of money that everyone must learn and master. He calls these aspects as IQs of money.

The best part of this book is in Author's note. It is a must-read. You will feel the spiritual touch as author explains the concept of Abundance from God and how one can get its share.

Another interesting concept, Robert presents is making money out of thin air. This is something hard to be consumed by salariats or self-employed.But not for those who have financial intelligence and know how information can help make money.

We have a lot of information around us pointing to unexplored opportunities but only people with higher financial IQ can see it. These opportunities are most of the time comprised of gaps in demand and supply. The one who discovers it and acts accordingly is the one who wins and makes money out of thin air.

If you have read other books by Robert then you may find a lot of duplicate content related to his life and his rich and poor dads. Don't get bored, keep reading; he is conveying different meanings every time he is repeating things.

Quotes

b4129670660
b4129670660has quoted5 months ago
What will my life be like if I take on this challenge and succeed?”
Dami Omole
Dami Omolehas quoted2 years ago
In summary, the five Financial IQs are:
1. Financial IQ #1: Making more money.
2.
Leonhart Raymond
Leonhart Raymondhas quoted2 years ago
In other words, it is not real estate, stocks, mutual funds, businesses, or money that makes a person rich. It is information, knowledge, wisdom, and know-how, aka financial intelligence, that makes one wealthy.

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