Rich Dad's Increase Your Financial IQ: Getting Smarter with Your Money

Rich Dad #13

by Robert T. Kiyosaki

For years, Robert Kiyosaki has firmly believed that the best investment one can ever make is in taking the time to truly understand how one's finances work. Too many people are much more interested in the quick-hitting scheme, or trying to find a short-cut to real wealth. As Kiyosaki has preached over and over again, one has to truly under the process of how money works before one can start out on trying to escape the daily financial Rat Race.

Now, in this latest book in the popular Rich Dad Poor Dad series, Kiyosaki lays out his 5 key principles of Financial Intelligence for all to understand. In INCREASE YOUR FINANCIAL IQ, Kiyosaki provides real insights on these key steps to

o How to increase your money -- how to assess what you're really worth now, what your prospects are, and how to start mapping out your financial future.

o How to protect your money -- for better or for worse, taxes are a way of life. Kiyosaki shows you that "it's not what you make....it's what you keep."

o How to budget your money -- everybody wants to live large, but you have to learn how to live within your budget. Kiyosaki shows you how you can.

o How to leverage your money -- as you build your financial IQ, knowing how to put your money to work for you is a crucial step.

o How to improve your financial information -- Kiyosaki shows you how to accelerate your wealth as you learn more and more.

Genres: Finance, Business, Nonfiction, Self Help, Money, Personal Finance, Personal Development

197 pages, Paperback

Published January 1, 2008

About the author

Kiyosaki is best known for his book Rich Dad, Poor Dad, the #1 New York Times bestseller. Kiyosaki followed with Rich Dad's CASHFLOW Quadrant and Rich Dad's Guide to Investing.

Reviews

[Hussam Al Husseini · Rating 4 out of 5]

As usual, Robert T. Kiyosaki is amazing. I summarized the whole book except the last three chapters because I think they are logic! I can summarize the book as follows:

Does money make you rich? No, but financial intelligence does because if you can lose money investing in gold, you can lose money in anything. That is why you should invest in information and know-how before investing your hard-earned money in assets.

WHAT IS FINANCIAL INTELLIGENCE?
"Rich or poor, we all have money problems." This means that getting rich does not make your money problems disappear. Money alone, hard work, education, or a job are poor solutions to money problems. Financial intelligence is the smart solution because "money problems make you smarter if you solve the problem."

The rules of money have changed from the old ones (work hard, save money, get out of debt, invest for the long term in a well-diversified portfolio of stocks, bonds, and mutual funds) to new ones. This change occurred for two reasons:
1. In 1971, President Nixon took the United States off the gold standard. Accordingly, "the U.S. dollar died because it was no longer money – it became a currency." The main difference between money and currency is that currency means movement. Currency "must move from asset to asset as quickly as possible … Assets are either appreciating in value or producing cash flow."
2. Since 1974, businesses stopped defined benefit, which is guaranteeing the retiree a paycheck for as long as the retiree lived and started new pension plans called defined contribution, like 401 (k)s.
The rules of money have changed and are changing. "In the new rules of money, we need to know how to borrow currency to acquire assets, since we no longer save money."

Robert Kiyosaki admits that the financial system is unfair. However, he is not trying to change it. He simply wants to play by the rules. From his observation:
1. The poor are the victims of money
2. The middle class think they outsmart their money problems by being smart academically and professionally.
3. The rich outsmart their money problems by being financially intelligent.

THE FIVE FINANCIAL IQS
Kiyosaki defines financial intelligence as "that part of our mental intelligence we use to solve our financial problems" and financial IQ as "the measurement of that intelligence." He does not consider financial intelligence to be the most important of all intelligences, but it does affect everything that is important.
Financial intelligence is important especially for those who want to be entrepreneurs or investors. It is not that important to those who want to be employees or self-employed.

There are five basic financial IQs. They are:

FINANCIAL IQ #1: MAKING MORE MONEY – measured in gross number $
People lack Financial IQ #1 because they want the money but not the learning process. They stick with what they know. As Kiyosaki sees it, "it is the process that makes you rich, not the money." So, you need to choose the best way for you to make more money, and then choose your learning process. And remember that the process is more important than the goal.

"In order to grow wealthy, you must come to terms with the fact that problems will never go away. Each time you find a solution to a problem, a new one will pop up. The key is to realize that the process of solving those problems makes you rich."

There are two reasons people fail in their process:
1. They cannot control the highs and lows of their emotions. "Emotional intelligence is essential to financial intelligence." Stick with the process until you win and learn when you want to run. "You can quit when you win, but never quit because you are losing."
2. They cannot live without instant gratification. People should delay short-term gratification.

Employees (E) and self-employed (S) focus on the income column (earned income) of the financial statement, and entrepreneurs (B) and investors (I) focus on the asset column (passive or portfolio income). Assets work for the rich by producing passive income." Pay attention that "many self-employed people do not own a business. They own a job … Just because you invest or are self-employed, does not mean you are an investor or a business owner."

FINANCIAL IQ #2: PROTECTING YOUR MONEY – measured in percentages
Financial IQ #2 measures the percentage of income a person keeps against the percentage of income financial predators take. Real-world financial predators include:

1. Bureaucrats:
"Taxes are our single largest expense … Taxes are sold to us as being good for society, and some are. Society’s problems, however, only get bigger because bureaucrats only know how to throw money at problems. "When money does not solve a problem they create new taxes with clever names."

Three different types of income exist: earned, portfolio, and passive. "Knowing the differences is important, especially when it comes to protecting your money from bureaucrats." Earned income is the hardest to protect. That is why "it is often the people who earn the least who pay the highest percentage in taxes."

2. Bankers: Bankers are the biggest financial predators of all.

3. Brokers:
"Broker" is another word for "salesperson." Choose your broker carefully, because good brokers can make you rich, and bad brokers can make you poor. You can differentiate between them by:
1. Attending classes on investing so you can tell an educated broker from a salesperson
2. Look for brokers who are students of their profession
3. Know if they invest in what they are selling
4. Look for a relationship with your broker, not a transaction

4. Businesses:
"All businesses have something to sell." Before you buy a product ask yourself "is this business’s product or service making me richer [i.e., educational products] or poorer?" Some people struggle financially because they buy products that make them poorer with credit cards.

5. Bridges/Beaus: A prenuptial agreement and exit strategies are important before getting married.

6. Brothers-in-law: "Those with a high financial IQ have wills, trusts, and other legal means of protecting their wealth and final wishes from death predators."

7. Barristers:
They are lawyers who want to take your money using the court system. There things you can do to protect yourself from them:
1. keep nothing of value in your name
2. Buy personal liability insurance immediately. You must buy it before you need it
3. Hold assets of value in good legal entities (C corporations, S corporations, LLCs, LLPs)

FINANCIAL IQ #3: BUDGETING YOUR MONEY – measured in percentage, the percentage of income that reaches your asset column
Budget is defined as "a plan for the coordination of resources and expenditures." Notice that the definition says "coordination of resources" not "coordination of money."

Two kinds of budgets exist:
1. Budget deficit: "Excess of spending over income, for a government, corporation, or individual." – makes you poorer. When faced with a financial problem, most people reduce their spending instead of increasing their income.
2. Budget surplus: "Excess of income over spending for a government, corporation, or individual over a particular period of time." – makes you rich. You can create it by increasing income, not reducing expenses. Budget your money like a rich person. Try to save and invest as much as you can no matter how much money you make.

Lessons about budgeting for a budget surplus:
Budget Tip #1: A budget surplus is an expense.
- List your saving, tithing, and investing as an expense (not an asset) on your financial statement.
- Pay yourself first and increase income in case you come up short.
- Save in gold and silver, not in cash.
- Tithe.

Budget Tip #2: The expense column is the crystal. You can predict a person’s future by looking at his/her expenses column.

Budget Tip #3: My assets pay for my liabilities.
Before purchasing your luxury liabilities, you should require assets by paying yourself first. With the cash flow from the assets, you then purchase your luxury liabilities. "There is nothing wrong with enjoying liabilities – as long as you continue to pay yourself first and purchase them through the income generated by you assets."

Budget Tip #4: Spend to get rich. Knowing when to spend and when to cut back is a sign of high financial intelligence.

There are two types of debt:
1. Good debt: debt that makes you richer and someone else amortizes (pay off) for you.
2 Bad debt: debt that makes you poor. And that you have to amortize yourself. Bad debt is debt from a liability.

FINANCIAL IQ #4: LEVERAGING YOUR MONEY – measured in return on investment
Invest wisely so that "the ups and downs of markets do not affect why [you] invest or what [you] invest in." Kiyosaki explains why he was excited to buy properties when people panicked. It is all about two financial concepts: control and leverage. When you have control (over your income, expense, asset, and liability columns) and leverage over your investment, you will not be affected by market crashes.
Without control over them, investments become risky. And without control, you should not use leverage. And without leverage, you cannot put enough money aside for your future, because the more money you save the less valuable it becomes.

The wealth effect is described as follows: "Due to inflation, which is not really an increase in asset value but a decline in purchasing power of the [currency], many people feel wealthier as their home’s value appears to increase. When they feel wealthier, they borrow more money (leverage) and spends more money on liabilities."
The wealth effect is caused by the illusion of net worth. Net worth is the value of your possessions minus your debt. Kiyosaki considers net worth to be worthless for three reasons:
1. Net worth is often an estimate based upon opinions, not facts
2. Net worth is often based upon possessions that have a declining value
3. Net worth going up is often caused by the dollar going down

For him, the value of his apartment house is not based upon inflation or the price of the building. It is based upon the rent his tenants pay.
Investments in paper assets such as savings, stocks, bonds, mutual funds, and index funds lack control.

There are seven points about leverage and control:
Point #1 There are many types of leverage
Point #2 Most investors invest in paper assets, assets they have very little control over
Point #3 An increase in returns does not mean an increase in risk
Point #4 Most financial advisors are not investors
Point #5 Financial education increases financial intelligence
Point #6 Leverage can work in two ways
Point #7 When most financial advisors recommend diversification, they are not really diversifying

Investors invest for two things:
1. Capital gain – It is like gambling. More risky and more money.
2. Cash flow – It is investing for income. Less risky and less money.
So there are three types of investors:
1. Those who invest only for capital gains
They are traders (in the world of stocks) and flippers (in the real estate market). “Traders and flippers are actually in the S quadrant, not the I quadrant.”
2. Those who invest only for cash flow
3. Those who invest for capital gains as well as cash flow
Kiyosaki occasionally buy paper assets, but for cash flow, not capital gains.

Three important points:
1. Being born poor and financially uneducated does not mean you cannot become rich
2. Start small and take baby steps
3. Dream big

FINANCIAL IQ #5 IMPROVING YOUR FINANCIAL INFORMATION
There have been four economic ages of humanity:
1. The Hunter-Gatherer Age: There was only one class of people. Everyone was poor.
2. The Agrarian Age: There were two groups, the rich and the peasants.
3. The Industrial Age: There were three groups, the rich, the middle class, and the poor.
4. The Information Age: There are four groups, the poor, middle class, rich, and super-rich.

"Information is the single greatest asset of this era … The widening gap between the super-rich and everyone else is made by information." But, the problem is that information has become overloaded. That is why we need to classify information according to:
1. Time: Tomorrow’s information is obsolete today.
2. Credibility
3. Classification: Have access to inside information
4. Relative information: Watch the trends
5. Deceptive information: Like "the pump and dump" and "the sleight of hand."

Lessons about classifying information:
Lesson #1: Facts vs. opinions. "One of the reasons so many people think investing is risky is because they do not know the difference between facts and opinions."

Lesson #2: Insane solutions. "An insane solution occurs when a person uses information that is an opinion as a fact."

Lesson #3: Risky actions. "Generally a person who invests for capital gains is investing on an opinion. A cash flow investor invests for facts. If possible, a smart investor will invest using both opinion and facts, and invest for both cash flow and capital gains."

Lesson #4: Control over the asset.

Lesson #5: What are the rules?
"If there are no rules, there is no asset" and "in the world of investing, different assets have different rules." So you should know the rules and do not ignore or break them. Having good accountants and lawyers is important if you want to be rich.

Two important things:
1. Rules provide a valuable source of information about how the game of money is played.
2. Without rules, assets decline in value.

Lesson #6: Trends.
"A trend is developed when an investor takes information from a set of facts and then forms an opinion."

Important points to know about trends:
1. Global vs. local markets: gold is priced in global market. Real estate is priced in local market. You need to have information relevant to the market you are dealing with.
2. "Information is just information. Intelligence is the ability to take information and make it meaningful."

[Nola Tillman · Rating 4 out of 5]

I enjoy Kioysaki's writing and his perspective, though I admittedly don't agree with him on every point. I think he makes some key points.

This particular book focuses significantly on the five key points of financial intelligence, as Kiyosaki sees them. They are:

1. Making more money
2. Protecting your money
3. Budgeting your money
4. Leveraging your money
5. Improving your financial information

He points out that most people are (relatively) strong in IQ #1 - they know how to work hard, etc. However, they/we tend to think inside the box and focus on paychecks rather than building and expanding on that.

IQ #2, protection, focuses on all of the things that seek to "take" your money. Taxes are one, but so are businesses, family, and brokers/salespeople. Some of these are more obvious than others. I think he has a good point on politics - he states that one party taxes and spends while the other borrows and spends, and neither is a good plan - and makes some interesting points I hadn't considered regarding brokers and businesses.

IQ #3, budgeting, you might think would be the whole, lay out your plan for your money and spend within your means. Unless, of course, you've read anything by him before (or really even the first few chapters). This chapter really resounded with me in terms of "finding" the money you want to spend by producing/purchasing an asset to create it. Probably one of the biggest "ah ha!" points for me in this book.

IQ #4 discusses that old standby, OPM, or "other people's money," and how to best utilize it. I'm not a big borrower - I first read "Rich Dad, Poor Dad," because Dave Ramsey, get-out-of-debt-extraordinaire, recommended it, but I do think he makes some good points. I also like his discussion on fear.

IQ #5 is probably my favorite, simply because I'm a voracious reader (surprise) and love to learn. He makes some great points on the educational system which I agree with, having studied it from other perspectives (and being an 'A' student).

Overall, a good book. A lot of repetition of what Kiyosaki teaches from previous books, but that's one way of learning it, and I enjoyed it. It stretched my mind and broadened my horizons.

[JJ Khodadadi · Rating 2 out of 5]

نظر شخصی من این هست که کتاب پدر پولدار پدر فقیر را بخوانید بعد کتاب چهارراه پولسازی (یا اسمی شبیه به همین!) را هم از همین نویسنده بخوانید و بقیه کتاب های ایشون رو کلا بیخیال بشید چون همه تکرار همان دو کتاب است! این کتاب هم همینطور بود و بدتر از همه اینکه کلی مطلب تکراری نوشته شده بود تا در آخر یکی از بازی هایی که ساخته بود را تبلیغ کند!
کتاب کتاب خوبی هست بشرطی که کتابی از کیوساکی نخوانده باشید!

[Ana · Rating 5 out of 5]

A book that breaks down the typical unknown concepts of the financial world, translates it for those who normally talk "deer-in-headlights" language, and gives out an idea of the world that you could be missing. One usually reads "Financial" and throws the book over the shoulder, perhaps even fall asleep.

"I don't care about it. I study hard. I've got a master's degree."
"I'm not stupid, I will pay my debts on time."

This book is not only for rich entrepreneurs. The average people who keep working for average wages and getting average lifestyles will stay in between the average-everything, because they've got an average thinking.

What really got my attention was the emphasis in "Lose your fear of losing." When I read this, it sounded so logical, simple and pretty interesting. I said to myself "Wait, isn't that the way things work around here?" How could we end up giving out debts like crazy? How could we become so dependent?
Suggests good habits, creative thinking, putting on practice to learn faster; prompts anyone to start a new life.

Being poor is not to be justified, and being rich is not a sin.

[Lexy · Rating 2 out of 5]

I thought that this book was okay

[Lisa · Rating 1 out of 5]

Hated this book. Felt more like a motivational talk. TONS of repetition - word for word - to the point where I think he copy pasted the same paragraphs again and again in different order throughout the book. I hugely disagree with his methods - completely not my type of financial style. Felt explanations on exactly HOW to go about increasing your assets and thus finances were terrible. To me, this was what reading it felt like: "To increase your money you need to become smarter with your money. You can't just put it in savings accounts and stocks and bide your time for many years. You need to become smarter. I started many business and made millions from them because I was really smart with my money. Some friends of mine started businesses and they failed miserably and they lost all their money - but it was because they were not smart. Don't be like them and be smart with your money." And this goes on for PAGES and PAGES and NO, he does not ever really detail HOW, exactly, to "Get smarter with our money." Ugh!!!!!!!

[Martin Hovnik · Rating 3 out of 5]

Vredo je. Da ti insight na financno izobrazbo. V obliki dalsega clanka bi blo cist dovol.

[Jennifer · Rating 1 out of 5]

I picked this up based on the title. Initially I was interested in his approach but then I realized that his arguments are not well explained. He makes his points less through careful explanation and more through repetition. There isn't much careful thought in this, it is mainly a black and white, one size fits all approach. It surprised me that when it comes to the How To part of the book, he gets vague, so that may be a part of his plan to get you to sign up for coaching and seminars. He is also very vague about his failures, especially his bankruptcy, which seems to me a key part of his aregument that his way is successful. There is a lot of anecdotal information, nothing is really solidly explained or proved. He really believes money is the only meaningful measure of success and that makes for sad reading, as his friends and family are used as examples of failure. Summing up, there are a few helpful threads here if you read critically but overall not sure it is worth it. As a side note, what would Freud have made of his "dad" relationships?

[Tatiana Z. · Rating 5 out of 5]

Spre deosebire de Tată bogat, tată sărac, Un IQ financiar mai bun, nu conține sfaturi financiare, dar e acel ”șut” pe care fiecare individ, care dorește să capete o idependență financiară și să-și amelioreze gestionarea finanțelor, ar trebui să-l primească. Evident, analiza și exemplele sunt bazate pe studiul pieții financiare din Statele Unite, dar totuși, am descoperit idei și sfaturi utile pentru a spori geniul financiar. Nu este o carte care s-ar referi sau pe care aș recomanda-o doar celor care vor să devină superbogați, fiecare ar trebui să posede o bază financiară solidă și posibilitatea de a-și asigura nivelul de trai dorit. Pare incredibil să afli, că numeroase persoane au salarii peste medie, dar sunt incapabile să-și satisfacă capriciile, sau de cele mai multe ori, își refuză ceea ce doresc.

[Olga Rujanski · Rating 4 out of 5]

I started to read this book, in advance of my self-development coaching programme, as if anticipating what would be required of us. I must say I was amazed at the insight and knowledge this book contained, I found it refreshingly simple but valuable. Easy to read, simply written about complex topics. I helped me a lot. I view the world, the material and immaterial, in a different way after having read the book. It has helped me be more knowledgeable about money and our assets. Which is more than just finances.

[Juan Sanoja · Rating 3 out of 5]

Crecemos en una sociedad que sólo valora un tipo de inteligencia: aquella que nos permite sacar buenas calificaciones en escuelas y universidades.

El problema es que durante el camino sólo integramos el hemisferio izquierdo de nuestro cerebro y nos olvidamos de integrar el derecho y, sobre todo, el subconsciente (ese espacio de nuestra mente que nos permite desarrollar, entre otras cosas, coraje y temple).

Nadie nos habla, tampoco, sobre educación financiera.

Por eso es que se puede ser el primero en clase y el último en la vida.

Los 5 IQ financieros principales: producir más dinero, proteger tu dinero, presupuestar tu dinero, apalancar tu dinero y aumentar tu información financiera.

Algunas notas:

“Los pobres ven los problemas económicos tan sólo como dificultades. Muchos sienten que son víctimas del dinero. Creen que son los únicos que tienen problemas económicos. Consideran que si tuvieran más dinero estos problemas se solucionarían. Pero no se dan cuenta de que su actitud respecto al dinero es justamente lo que ocasiona los problemas; su intento de evitarlos y su incapacidad para resolverlos los prolongan y magnifican. En vez de hacerse más ricos, empobrecen; en vez de incrementar su IQ financiero, sólo incrementan sus problemas económicos”.

“La gente de clase media resuelve sus problemas económicos de una manera distinta. En vez de resolver el
problema de dinero, piensan que pueden engañar al problema. Los miembros de la clase media gastan dinero en educación para obtener un empleo seguro. La mayoría son suficientemente inteligentes como para construir una barrera, una zona que amortigüe la situación entre ellos y los problemas: compran una casa, van a trabajar todos los días, no se arriesgan, escalan la escalera corporativa, y compran acciones, bonos y fondos de inversión para asegurar su retiro. Creen que su educación profesional o académica será suficiente para protegerlos del cruel y despiadado mundo del dinero”.

“La clase media piensa que puede darle la vuelta a sus problemas de dinero enfocándose en lo académico y lo profesional. La mayoría carece de educación financiera, por lo que suele valorar la seguridad económica y no embarcarse en desafíos. En vez de convertirse en empresarios, trabajan para otros; en vez de invertir, entregan su dinero a expertos financieros para que lo manejen; en lugar de incrementar su IQ financiero, se mantienen ocupados, escondidos en una oficina”.

“El dinero por sí mismo no resuelve los problemas financieros; por eso, dar monedas a los pobres no acaba con sus dificultades. En muchos casos, regalarles dinero sólo prolonga el problema y provoca que haya más gente pobre”.

“La inteligencia financiera resuelve los problemas de dinero. En términos simples, la inteligencia financiera es aquella parte de nuestra inteligencia global que utilizamos para resolver problemas financieros. Éstos son algunos ejemplos de problemas comunes:
1. "No gano suficiente dinero."
2. "Estoy sumamente endeudado."
3. "No puedo comprarme una casa."
4. "Mi auto no funciona. ¿De dónde saco dinero para repararlo?"
5. "Tengo 10 mil dólares. ¿Cómo debo invertirlos?"
6. "Mi hijo quiere ir a la universidad pero no tenemos fondos para pagarla."
7. "No tengo suficiente dinero ahorrado para mi retiro."
8. "No me gusta mi empleo pero no puedo darme el lujo de renunciar."
9. "Estoy jubilado y me estoy quedando sin dinero." 10. "No puedo pagar la cirugía."”

“Lo que finalmente convierte a una persona en rica o pobre es la información relacionada con un activo. Dicho de otra forma: lo que enriquece a una persona no son los bienes raíces, las acciones, los fondos de inversión, los negocios o el dinero. Lo que en realidad enriquece es la información, el conocimiento, la sabiduría, saber cómo hacer las cosas, es decir, la inteligencia financiera”.

“Mucha gente no se vuelve rica porque el subconsciente es la parte más poderosa. Por ejemplo, algunos pueden estudiar el mercado de bienes raíces y saber exactamente qué hacer a través de sus hemisferios izquierdo y derecho, pero el subconsciente puede tomar el control y decir: "¡Oh, eso es muy arriesgado!, ¿qué tal si pierdes tu dinero?, ¿qué tal si te equivocas?". En el ejemplo anterior, el miedo provoca que el subconsciente opere en contra de los deseos de los hemisferios izquierdo y derecho. Dicho en términos simples, para desarrollar tu genio financiero primero debes lograr que las tres partes de tu cerebro trabajen en armonía y no una contra otra. Este libro te enseñará cómo hacerlo”.

[Thijs · Rating 3 out of 5]

+ More depth than Rich Dad, Poor Dad;
- Less 'groundbreaking' concepts;

[Jeroen De Dauw · Rating 3 out of 5]

2.5 stars

If you do not need convincing that money and financial education are important you can skip the foreword and first two chapters (20% of the book). The information density is low. Many words are used to say a single thing and there is lots of repetition. I listened to the audiobook at 200% speed (though in part that number is due to slow but clear narrator).

Main takeaways for me:
* Investments can be classified as capital gains or as income source (dividends, rental income, etc). The later tends to have advantages
* Some investment classes offer (partial) control over outcomes (ie owning a building) while others do not (ie stocks)

Author recommends storing wealth in silver rather than fiat. He goes on to motivate why precious metals are better than fiat and why silver will do better than gold. Funnily enough silver lost half its value compared to gold since the book was published and if you had traded your fiat for silver you'd be rekt now.

Author shitting on stocks is also dubious to me. As he mentions a dozen times, Buffet says index funds are protection against ignorance. In other words, they are a good option for almost everyone.

I'm also not a fan of the author saying "socialism is bad, capitalism is good". Why would I want overly simplistic political opinions in a finance book?

[Shaho · Rating 5 out of 5]

ادامه‌ی کتاب پدر پولدار پدر فقیر، که حتما برای درک اون کتاب باید خونده بشه
بعضی از نکاتی که به نظرمهم بود رو از روی کتاب یادداشت برداری کردم:
1- مشکلات مالیتان را خودتان حل کنید.
2- بخش اعظمی از کتاب در مورد نیمه ی دوم زندگی نویسنده بعد از دوران کودکیه
3- پول را درک کنید ( منظور پول فیات یا بدون پشتوانه است)
4- سپرده گذاری در بانک حماقت است.

مولفه‌های پنج گانه‌ی هوش اقتصادی ( که در اصل کتاب به توضیح کامل این 5 مولفه می پردازد):
الف - افزایش درآمد ب- حفظ پول ج-بودجه و برنامه ریزی پول د- اهرم کردن ( با پول کمتری خرید بیشتری انجام دادن یعنی به پشتوانه ی پول کم 10 هزار دلاری خریدی 100 هزاری دلاری انجام دادن )، وام یک اهرم مالی است ه- بالا بردن سطح اطلاعات مالی

حفاظت از پول:
شکارچیان اقتصادی: 1. اداره مالیات 2. بانک ها 3. دلال‌ها (بروکرها) 4. کسب و کارها ( مشتری کسانی باشید که ثروتتان را زیاد می کنند)
5. عروس و داماد ، شکارچیان عشق 6. شکارگران اموال مردگان 7. تیغ زن ها

ثروتمندان برای حفاظت از ثروت خود 3 کار می‌کنند:
1. چیزی به نام خودشان ندارند. 2. بیمه کردن خود 3. دارائی های ارزشمندشان را به نام شخصیت حقوقی ثبت می کنند.

[Andy · Rating 5 out of 5]

It's really interesting to learn about how the rules of money changed in 1971 when the US dollar was taken off the gold standard. It makes sense that we should not continue to play by the old rules of money in today's society, when money has become "funny money", so to speak. This book states that the secret to making more money is to increase your financial IQ, by finding solutions to problems. Overall, the author states, the rules of money are unfair, but it's how you use this unfairness to your advantage that matters. A very good read and I would highly recommend this book. Even if you disagree with most of what the author says, I truly believe you will find value in it.

[Cwigginton · Rating 3 out of 5]

Another Kiyosaki book with some advice, but more inspiration. It seemed like he wanted to force the term "financial IQ" on to the reader. It felt like it was written 3 times on every page. I appreciate what the book teaches, but could have been 1/3 of the length with the content it contains.

[Hank · Rating 5 out of 5]

Even the writer used handiful of strange words that impulse me to learn more vocabulary.
Obviously, this is kind of like a classical Rich Dad book from the series and explain a different but similar dimension of how to become rich but definitely worthy to put in reading list. As the author said in the book, "Financial Education is as important as general educaton and professional education".
Some of the ideas about your personal financial success is brilliant. Here are some I want to share:

Chapter 1: What Is Financial Intelligence?
2017-02-13 10:51:43
Like it or not, money does affect lifestyle and quality of life—as well as afford conveniences and hassle-free choices. The freedom of choice that money offers can mean the difference between hitchhiking or taking the bus . . . or traveling by private jet.

2017-02-13 10:57:26
They can be problems like drug addiction, marrying the wrong person, living in a crime-ridden neighborhood, not having job skills, not having transportation to get to work, or not being able to afford health care.

Chapter 2: The Five Financial IQs
2017-02-13 11:32:41
Financial IQ #1: Making more money.
Financial IQ #2: Protecting your money.
Financial IQ #3: Budgeting your money.
Financial IQ #4: Leveraging your money.
Financial IQ #5: Improving your Financial Information.

2017-02-13 11:36:38
Being able to live well and still invest no matter how much you make requires a high level of financial intelligence.

2017-02-13 11:39:59
Many people think that higher returns on investment require higher degrees of risk. That is not true.

2017-02-13 11:41:54
The problem with turning your money over to financial experts is that you fail to learn, fail to increase your financial intelligence.

2017-02-13 11:44:26
intelligence, and fail to become your own financial expert. If someone else manages your money and solves your financial problems, you can’t increase your financial intelligence. Actually, you are rewarding other people for theirs instead—with your money!

Chapter 3: Financial IQ #1: Making More Money
2017-02-13 12:57:55
What many people do not realize is that it’s the process that makes them rich, not the money.

2017-02-13 12:58:27
They are held back by the fear of being poor. It is this very fear that keeps them from taking the chances and solving the problems required to become rich.

2017-02-13 12:59:43
Warren Buffett, the world’s richest investor, says, “If you cannot control your emotions, you cannot control your money.”

2017-02-13 13:00:41
Another reason many people fail in their process is they cannot live without instant gratification

2017-02-13 13:06:34
the process is more important than the goal.

2017-02-13 13:10:25
Life is a daring adventure . . . or nothing.

2017-02-13 13:10:39
one way to increase your financial intelligence #1 is to look at life as a learning adventure.

2017-02-13 13:11:07
Your life does not have to be risky or dangerous. Life is about learning, and learning is about adventure.

2017-02-13 13:11:53
True intelligence is about learning to solve problems in order to qualify to solve bigger problems.

2017-02-13 13:12:01
True intelligence is about the joy of learning rather than the fear of failing.

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it’s dangerous to let people know you are rich.

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we focused more on learning rather than earning.

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We learned to manage our own money, rather than turn our money over to an E or S.

2017-02-13 13:30:26
Many think of capitalists as pigs. And many are greedy pigs. Yet there are capitalists who do a lot of good, such as provide health care, food, transportation, energy, and communications to the world. As a capitalist who does my best to make the world a better place, my problem is with people who want to be paid for doing nothing or paid more to do less. In my opinion, a person who wants to be paid more and do less, or nothing, is also a greedy pig.

Chapter 4: Financial IQ #2: Protecting Your Money
Chapter 5: Financial IQ #3: Budgeting Your Money
2017-02-13 14:50:11
If you’re going to be rich, you need to expand your means

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you will find out why living below your means is not a financially intelligent way to become rich.

2017-02-13 14:52:16
Most people operate their lives on a budget deficit rather than a budget surplus.

2017-02-13 14:53:24
The reason so many people operate on a budget deficit is because it’s so much easier to spend money than to make money.

2017-02-13 14:57:12
Individuals who consistently spend more than they earn will accumulate huge debts, which may ultimately force them to declare bankruptcy if the debt cannot be serviced

2017-02-13 16:22:15
because they increase spending and debt, and reduce investment.

2017-02-13 16:28:55
Budget #1 is an example of paying yourself first. Budget #2 is an example of paying yourself last.

2017-02-13 16:36:35
we swallowed our pride and did whatever it took to make the extra money

2017-02-13 16:37:36
If we had not made investing an expense and paid ourselves first, we might still be paying everyone else first.

2017-02-13 16:38:06
we had over a year’s expenses in cash. Instead of holding cash in a retail bank, we hold it in gold and silver ETFs

2017-02-13 16:38:48
Holding cash, or savings, in gold and silver also hinders me from spending it. I hate cashing in gold and silver for dollars.

2017-02-13 16:41:38
As I stated at the start of this book, if you don’t solve a problem, you will have that problem all your life. Problems rarely solve themselves. That is why we decided to pay ourselves first, early in life, even though we came up short. Coming up short forced us to solve the problem of not enough money.

2017-02-13 16:42:31
When we paid ourselves first, the people who screamed the loudest were the banks and people we owed money to. Instead of letting them intimidate us into paying them, we let them intimidate us into increasing financial

2017-02-13 16:43:29
Kim and I used the pressure tactics of our creditors from our expense column to motivate us to make more money and increase our income.

2017-02-13 16:49:04
You can tell a person’s future by looking at what they spend their time and money on.”

2017-02-13 16:49:11
Time and money are very important assets. Spend them wisely

2017-02-13 17:00:09
keep looking for a good broker if you don’t already have one.

2017-02-13 17:01:55
An asset is something that puts money in your pocket. A liability is something that takes money out of your pocket.

2017-02-13 17:03:47
A person with a low financial IQ only knows how to live below his or her means. In other words, cut expenses. If you do not give yourself the luxuries of life, why live life?

2017-02-13 17:22:12
If this 3 percent makes life harder, that’s good. A hard life is good if it makes you more resourceful.

Chapter 6: Financial IQ #4: Leveraging Your Money
2017-02-13 20:17:29
If a renter thinks the apartment is a good value at $500 a month, that is the property’s value.

2017-02-13 20:27:30
increasing income, protection from predators, budgeting, leverage, and information, are forms of leverage. Leverage is anything that makes your job a little easier

2017-02-13 20:28:37
#2: Most investors invest in paper assets, assets they have very little control over.

2017-02-13 20:29:36
start small and stay small, as they allow their financial intelligence to increase. With an increase in financial intelligence, their returns on their investments increase. If financial intelligence is low, then leverage may deliver a blow to financial IQ, the measured returns on the investments.

2017-02-13 21:47:07
Being born poor and financially uneducated does not mean you cannot become rich

2017-02-13 21:48:05
And if they do take the first step and then fail, make a mistake, lose money, or run into problems, many quit.

2017-02-13 21:52:05
Our minds are our most important form of leverage.

2017-02-13 21:55:26
In the Information Age, knowledge is the ultimate leverage.

Chapter 7: Financial IQ #5: Improving Your Financial Information
2017-02-13 22:01:25
Likewise, poor or mistaken information is a liability. Poor information creates poor people.

2017-02-13 22:01:39
One of the reasons so many people are struggling financially is simply because they have obsolete, biased, misleading, or erroneous information powering their most powerful asset, their brain. Many people who are struggling are doing so because they are using Industrial or Agrarian Age information in the Information Age. Examples of Industrial Age information are ideas such as, “I need a good education to get a high-paying job.” An example of Agrarian Age information is, “Land is the basis of all wealth.”

2017-02-13 22:04:20
we had to learn how to sort, categorize, discard, and process tremendous amounts of information from multiple and varied sources. If we didn’t, we or others could die.

2017-02-13 22:04:39
To handle information overload, the military puts a great amount of effort into classifying information. Without classification, all information is equal and virtually worthless

Chapter 8: The Integrity of Money
Chapter 9: Developing Your Financial Genius
2017-02-14 09:20:40
living below your means is how below-average people live.

2017-02-14 09:23:00
I did not want to drive an average car or live in an average neighborhood. I also knew that diversifying would cause my return on investment to be below average. I knew I needed to focus if I wanted a higher standard of living . . . a standard of living like my classmates who lived across the bridge.

2017-02-14 09:25:58
As Warren Buffett says, “Diversification is a protection against ignorance. [It] makes very little sense for those who know what they are doing.”

2017-02-14 09:35:11
I discovered the book Frames of Mind: The Theory of Multiple Intelligences by Howard Gardner. His work was mind-expanding and validating. He teaches that there are seven intelligences:
1. Linguistic
2. Logical-mathematical
3. Musical
4. Bodily-kinesthetic
5. Spatial
6. Interpersonal
7. Intrapersonal

2017-02-14 09:38:30
Intrapersonal intelligence is the ability to control your emotions and get the job done, even if the

2017-02-14 09:43:46
In my opinion, it is a person’s intrapersonal intelligence that ultimately determines if they are a success or failure in life, love, health, and money. This

2017-02-14 09:50:25
For most people, when it comes to money, there is a battle of the brains going on inside of them. It is this conflict that causes many people to live below their means when in reality

2017-02-14 09:50:31
they want to improve their standard of living and to be rich.

2017-02-14 09:52:33
Something in their brain keeps them poor. Instead of turning everything they touch to gold, everything they touch turns to lead.

2017-02-14 09:54:36
Warren Buffett, says, “Diversification is a protection against ignorance.” And it is.

2017-02-14 09:59:00
our brains are programmed to imitate what we see others do.

2017-02-14 10:00:19
’s not that I want money. It’s the fun of making money and watching it grow.”

2017-02-14 10:02:26
This is why even when I was broke, I did not drive cheap cars, wear cheap clothes, or live in a cheap

2017-02-14 10:02:39
neighborhood. It’s a matter of mirror neurons and of standard of living.

2017-02-14 10:04:25
the classroom, it explains why some students are teacher’s pets.

2017-02-14 10:08:59
I learned that if I did not feel good about myself, people did not feel good about me.

2017-02-14 10:09:40
think of me as a loser.
The good news is that you and I can change their perception of us by changing our perceptions of

2017-02-14 10:12:13
Being raised in a family of schoolteachers, I realized their measure of success was the school a person attended and how many advanced degrees he or she had. In the world of big

2017-02-14 10:36:02
Most of us know that if we want to lose weight, we have a better chance of success by going to a gym rather than going to a restaurant. If we want to study, it might be better to study in the quiet of a library rather than trying to read while driving a car (which I have seen people doing). If we want to relax, we leave work and go to the beach or climb a mountain. And if you want to become rich, you need to find an environment that is conducive to becoming richer, an environment that strengthens all three brains. Ironically, work and school are not those environments for most

2017-02-14 11:09:17
it became apparent to me that environment was the strongest teacher of all. I realized that I could teach and inform, yet if the participant went back to the same environment as before, the effect of what I taught was diminished. In

2017-02-14 11:10:46
become prisoners of their offices and their homes. Instead of seeking success, most people live in environments that reward playing it safe, not making mistakes, but as Paul Tudor Jones says, “One learns from mistakes, not successes.”

2017-02-14 11:12:00
of the reasons many people do not develop their genius is simply because they are lazy. Many

2017-02-14 11:12:32
Do you have the courage to change environments?” Imagine your future . . . if you did.

2017-02-14 11:14:47
In the real world dedication and drive are more valuable than good grades.

2017-02-14 11:16:58
The first step is to consciously begin to stimulate your mirror neurons to the standard of living and to the people you want to be like

2017-02-14 11:17:52
Financially weak people are people who tend not to develop their intelligence

2017-02-14 11:18:04
These are people who get pushed around, pay too much in taxes, work hard, and live below their means.

2017-02-14 11:19:07
If you can train your left brain to understand the subject, engage your right brain to come up with creative solutions, keep your subconscious brain excited rather than fearful, and then take action, while being willing to make mistakes and learn, you can create magic. You can develop your genius.

Chapter 10: Developing Your Financial IQ
2017-02-14 11:25:37
intelligences.
For people who want to be entrepreneurs, taking a job with a small company can be a great learning environment. One advantage a small company has over a big company is that you can learn about all the different aspects of business. In my book Before You Quit Your Job, I describe the eight essential parts to a business. By working in a small business, you have a better opportunity to learn all eight and gain essential business experience.

2017-02-14 11:28:53
when someone says, “I can’t afford it,” or “I don’t need help,” when he or she really does, it is the subconscious mind talking. This is exactly why the person needs a coach.

2017-02-14 11:30:48
Can People Be Addicted to Being Poor?

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Entrepreneurs have two characteristics . . . ignorance and courage.”

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There are many people who lack both knowledge and courage.

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my opinion, it is this relationship between ignorance and courage that is the essence of life itself.
In 1974, I didn’t have a job

2017-02-14 11:40:21
Always remember that your mind is infinite and your doubts are limiting

2017-02-14 11:40:35
Wealth is the product of man’s capacity to think.

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environment that will allow all three of your brains to think and grow richer. And who knows, you might find your genius.

2017-02-14 11:42:06
Feedback is important. It can be a very important source of information about us and our environment. The problem is, if we do not like the feedback, our subconscious minds may block out, distort, diminish, or deny the importance of the information coming from feedback.

2017-02-14 11:43:42
Many schools and businesses are afraid to tell you what you need to hear for fear of being sued. Many friends and co-workers will speak behind your back because they lack the courage to speak to your face. This is not a healthy environment.

2017-02-14 11:45:05
Your standard of living is a great source of feedback

2017-02-14 11:45:40
Standard of living means you are in love with and proud of your home, friends, and possessions rather than envying someone else’s standard of living.

2017-02-14 11:45:57
I’m talking about improving your standard of living by first finding a great environment to learn, getting smarter, and then growing richer.

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All you have to do is look at the world around you and listen to the feedback.

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Have the courage to be open to feedback. If you want to improve, seek more feedback. This is why coaches and mentors are important to successful people. Successful people seek more feedback.

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Offer feedback or advice only if it’s asked for. Nothing infuriates people more than feedback they did not ask for . . . even if it’s feedback they know they need. As that ancient bit of wisdom goes, “Don’t teach pigs to sing. It wastes your time and it annoys the pig.”

2017-02-14 12:30:23
Are you associating with friends and people you want to be associated with?

[Visal Visal · Rating 5 out of 5]

I can say that I do enjoyed and learned a lot from this book. I’ve read his books before, but still found it useful. In fact, some points in the book are over-repeated, but there are always new things to learn from Rich Dad series. For example, in this book, I found the third financial intelligence, leveraging your money, is the most interesting. This is the most crucial lesson ever in this book. It tells you how you can benefit more from your investments with lower risk by using others’ money, IRR, and ROI. Anyways, give it a shot, guys.

[Fedjablpula · Rating 3 out of 5]

1971 Nixon je skinuo dolar sa zlatnog standarda i od tada dolar više nema pokriće u zlatu. To više nije novac nego valuta. Valuta mora da se kreće, ako prestane, gubi vrijednost brzo . Višak novca i dobar bankarski kredit koriste kao polugu da bi sticali novac( rata kredita od investicije npr 5000, a prihod od rente 10 000)

[Roland Karang · Rating 5 out of 5]

Buy this book accidentally after longtime had not been visit to bookstore

When see the title is Financial IQ, I ask, what is that? never heard this IQ before?

I'm curious what will robert try to share this time, I have to say that I really enjoy reading this book, it enlightening my perspective again after read his first book rich dad poor dad long time ago..

What make most people is not rich or super rich, because we (most likely) never been learn or shape our fundamental about financial whole our life. I truly grateful there is robert kiyosaki who love to share his thoughts

"Entrepreneurs have two characteristics... ignorance and courage!" - Robert Kiyosaki -

[John Beauty-Full · Rating 5 out of 5]

It is a very good book, inspiring to overcome limits and achieve your goals

[Thor Lindberg · Rating 4 out of 5]

A pratical overview of where to improve yourself

[Stefani · Rating 3 out of 5]

It doesn't cover the how but the why only so I find it somewhat lacking.

[Jay Bryant · Rating 4 out of 5]

This book helps define what it means to have a high financial IQ.

[Kitty Wibisono · Rating 4 out of 5]

Buku yang pertama kali terbit di tahun 2008 ini membahas mengenai keterampilan keuangan dan ditulis oleh Robert Kiyosaki. Kiyosaki sendiri sudah lebih dulu terkenal dengan buku-buku terbitan seru Rich Dad Poor Dad sejak 20 tahun yang lalu. Dalam buku ini kita juga diajak untuk menjadi lebih cerdas dalam hal keuangan melalui kisah dan pengalaman hidup Robet bersama kedua ayahnya yang kaya dan miskin.

Ketika buku ini terbit 10 tahun yang lalu, dunia pada saat itu dilanda dampak dari krisis keuangan global atau resesi ekonomi yang mempengaruhi banyak sektor usaha seperti perbankan, pasar modal dan properti. Keadaan tersebut sudah "diperingatkan" Robert dalam buku Richa Dad Poor Dad yang terbit pertama kali pada tahun 1997. Salah satu pernyataannya yang terkenal dalam buku itu adalah "rumah seseorang bukanlah aset melainkan liabilitas".

Robert Kiyosaki memang selalu menekankan dalam buku-bukunya bahwa pendidikan atau pengetahuan tentang keuangan adalah hal yang penting untuk setiap orang, terutama karena uang mempengaruhi begitu banyak hal dalam kehidupan kita di dunia. Seseorang bisa saja memperoleh dan memiliki begitu banyak uang namun dengan kecerdasan keuangan yang rendah, mayoritas uang itu akan segera habis melalui serangkaian keputusan yang buruk. Di sisi lain, orang yang bekerja keras, rajin mena ung dan suka berhemat belum tentu akan menjadi seorang yang berhasil secara finansial. Lalu bagaimana?

Kecerdasan keuangan, atau financial IQ menurut Robert, adalah hal yang kamu butuhkan untuk berhasil secara finansial dan hal itu juga yang dijelaskan dalam buku ini: mulai dari cara menghasilkan lebih banyak uang, bagaimana melindungi apa yang kamu miliki, sampai dengan meningkatkan informasi keuanganmu.

Meskipun IQ keuangan setiap orang berbeda-beda, siapapun bisa meningkatkannya dengan membuka cara pandangnya untuk mengerti lebih baik bagaimana konsep keuangan dan cara kerjanya dalam dunia nyata.

Robert, dengan gaya bahasa yang lugas dan mudah dimengerti, akan menceritakan beberapa kejadian yang mempengaruhi cara kerja sistem keuangan dari aspek bisnis, politik bahkan birokrasi dan bagaimana dia menghadapi kejadian-kejadian itu berdasarkan pengalamannya dengan kedua ayahnya. Banyak hal yang bisa diambil dan dicermati dari buku ini. Beberapa hal diantaranya bahkan akan membuat kita tetap bertanya-tanya seakan tak percaya.

Apa kamu merasa tertantang untuk bisa meningkatkan IQ keuangan kamu? Jika ya, maka segeralah bertindak sekarang juga! Lahap habis buku ini! Terapkan tips di dalamnya.

[Gabe · Rating 4 out of 5]

Pretty good stuff.
Kiyosaki divides financial intelligence into five “Financial IQs”:

1. Making more money. This is measured by how much money you earn. If you make $100,000 a year, you have a higher Financial IQ than someone earning $30,000 a year.

2. Protecting your money. Once you earn your money, you need to hold onto it. Protecting your money, especially from taxes.

3. Budgeting your money. “Being able to live well and still invest no matter how much you make requires a high level of financial intelligence,” Kiyosaki writes. This Financial IQ is measured by how much money you have left after expenses.

4. Leveraging your money. This Financial IQ is measured by return on investment. How well do you make your budget surplus generate more money?

5. Improving your financial information. Financial information doesn’t just mean knowledge of basic financial concepts — it also means detailed knowledge of the investments you make.

Most of the book is devoted to exploring these five aspects of financial intelligence in detail.
I think the thing that I liked most about the book though was his idea of budgeting. not your typical live beneath your means kind of thing. He talks abut how if you want a liability (car, boat, something fun) you should never pay for it in cash if its big. You should first have the self discipline to acquire and asset that creates a cash flow large enough to cover the cost of your monthly payment. That way you still have all of the liabilities you want but you are getting rich via your assets rather than spending your money on your liabilities and not being left with enough to get assets. Just buying what you want. That's poor people talk.

[Quenton · Rating 3 out of 5]

The beginning of the book is taking place Robert's life. He centralized the book around his Rich Dad, Poor Dad, and his best friend.His Rich Dad is a figure of speech as well as his Poor Dad.Robert's Rich Dad is his best friend dad who taught him how to manage money when gets older and his poor dad is his dad who was smart in school and taught him the academic side of life.
The first problem he faced how to understand how to manage two the life styles.One which had the business smarts and the other family had book smarts and that lead to him having more financial smarts than school smarts.He could explain how to manage his parents money so that they could live like his friends parents.The wealthy lifestyle instead of the poor lifestyle.
When Robert was in school he was more focused on financial literacy than his school grades. Rich dad had instilled financial literacy in to his brain that he would focus on money than what his parents thought would help him in life which was schooling.His parents and his best friend's parents was totally different,one would instill education into Robert mind and the other would enforce money problems into his mind.
This book is very good and explanation on how money should work hard for you than you working hard for the money.The book is fun and interactive and tells you great tips on how to get that money at an early stage of your life.

[Thavakumar Kandiahpillai · Rating 2 out of 5]

Kiyosaki is more forthright this time, unabashed about his successes and putting down investments other than the types he has chosen. To him, stocks are not as good as his rental properties. He also plugs his various schemes and games. He is proud to associate himslef with Trump, whom he describes as his good friend. He plugs his games and books, and the royalties he receives, unabashedly. Whilst the elements of "financial IQ" are not objectionable, it is clear that he is making a business of selling his books a primary objective, more than anything else. Much of what he says here have been said by him before, he repeats himself often, and his approach is over-simplistic and self-fulfilling.

[Theresa Peoples · Rating 1 out of 5]

I read Rich Dad Poor Dad and the Cash Flow Quadrant several years ago. I even read Rich Dad Poor Dad for Teens and gifted the book to a few teenagers in my family. But this book was such a waste of my time and money. Very vague in nature. No real actionable advice. Repeated stories over and over again. Could have left a few names out of this book. Could have left a few stories out of the book and come to the point. A lot of round about talking without really saying anything that was anything close to give you real financial information. Does a lot of advertising for his other products, ie, cashflow 101.

[Vaishali · Rating 4 out of 5]

A very important book on personal transformation. It starts out as RDPD Part II, but surprisingly finishes as an inspiring manual for creating genius. The last 3 chapters inspired me so much that I immediately reviewed them 3 more times in order to carve the inner change. I was unable to tear myself away from them. Some new interesting concepts, such as the 7 Intelligences and the 3-part Brain. I do wish Kiyosaki would tell us more personal, practical stories from his own businesses so that we can get more ideas and learn what not to do.