tamauk.blogg.se - How to raise a genius book download

This Financial IQ is measured by how much money you have left after expenses. “Being able to live well and still invest no matter how much you make requires a high level of financial intelligence,” Kiyosaki writes. Protecting your money, especially from taxes, is the second Financial IQ. Once you earn your money, you need to hold onto it. If you make $100,000 a year, you have a higher Financial IQ than someone earning $30,000 a year. This is measured by how much money you earn. Kiyosaki divides financial intelligence into five “Financial IQs”: It's his hope that Increase Your Financial IQ can help readers improve their money “game.” financial intelligence, that makes one wealthy.” He notes that buying a new set of golf clubs won't improve your game, but paying for lessons will. “It is information, knowledge, wisdom, and know-how, a.k.a. “It is not real estate, stocks, mutual funds, businesses, or money that make a person rich,” Kiyosaki writes. Armed with my own advice about how to read a personal finance book, I decided to give Increase Your Financial IQ a chance. He really does think it's important to spend less than you earn - he just thinks the best approach to a budget deficit is to raise your earning power instead of reducing spending. Yet if you dig a little deeper, it becomes clear that Kiyosaki is saying a lot of this just to get attention.

He likes to make provocative claims like “people should not live below their means”. He's a vocal detractor of mutual funds, for example, and frequently seems to be pushing a new “hot” investment: real estate, oil, gold, silver. Kiyosaki loves to play the rogue, offering unconventional suggestions for building wealth.

Kiplinger's Personal Finance: They say they want you to be rich.

But some (including me) have expressed concerns over the author's advice: These best-sellers have motivated many people (including me) to take control of their financial lives. Increase Your Financial IQ is the latest installment in Kiyosaki's tremendously popular “Rich Dad” series of books. But this advice is obsolete - so argues Robert Kiyosaki in his new book, Rich Dad's Increase Your Financial IQ. You've been told to work hard, save money, get out of debt, live below your means, and invest in a well-diversified portfolio of mutual funds. The problem with the standard financial advice is that it's bad advice.