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Financial IQA strong financial IQ can be your key to financial independence.What is financial IQ? It is the basic financial knowledge you have learned along the way. This basic financial knowledge is the combination of your skills and talents about finances. WHAT IS FINANCIAL INDEPENDENCE? For most, financial independence is being able to get out of the "rat race" of being an employee. It means the freedom to choose to work, or not to work. It means having wealth that grows automatically whether you work or not. It means having finances flow independently of a job. A person can be highly educated and financially illiterate. Having money without financial intelligence is usually money soon gone. If you want to be rich, you need to be financially literate. HOW DO YOU BECOME FINANCIALLY LITERATE? In the book, Rich Dad, Poor Dad, Robert Kiyosaki describes four broad areas of expertise that make up basic financial knowledge. He recommends learning these technical skills in order to enhance and amplify your financial knowledge. His advice is to focus on your financial education to grow wealthier. Intelligence solves problems and produces money. WHAT IS THE MISSING LINK IN YOUR FINANCIAL EDUCATION? The missing link in the financial education of most people is: how to spend the money…not, how to make the money. Knowing how to spend the money includes the following: • What do you do with the money after you make it? • How long are you able to keep it? • How hard does the money work for you? Where do you start if you want to enhance your financial knowledge? Kiyosaki recommends learning four basic technical skills that make up financial literacy. No. 1 is accounting. No. 2 is investing. No. 3 is understanding markets. No. 4 is the law. IS THIS BORING OR WHAT? How do you teach four boring and confusing subjects to people? The answer is to make it simple: Teach it first in pictures, then add explanations. Illustrate it with stories. Teach it with games. KEEP IT SIMPLE… This is exactly what Robert Kiyosaki does in his book, Rich Dad, Poor Dad. He draws pictures, he tells stories and he keeps financial education simple. PLAY GAMES! Kiyosaki also teaches these financial concepts with a board game he developed called CASHFLOW. The object of the game is to get out of the inside track of the RAT RACE and reach the outer track of the FAST TRACK. In the CASHFLOW game, the only way to get out of the Rat Race is to prove your proficiency at both accounting and investing. Although these two subjects are considered to be difficult, Kiyosaki has created a fun and exciting way to learn them. In fact, the process is so well disguised that you quickly forget that you are learning as you try to get out of the Rat Race and win the game. The bonus…you have added to your financial IQ. SELF-EMPOWERMENT! Kiyosaki believes that each of us has a financial genius within that is waiting to be called upon. In Rich Dad, Poor Dad, he offers ten steps anyone may use to awaken this inner financial genius. These are the steps that he personally followed. His advice is to use them as a process self-empowerment. Understanding these inner powers adds to your financial IQ and is just as important as taking the actions. Robert Kiyosaki’s newest book, Increase Your Financial IQ: Get Smarter With Your Money, provides you with the Five Financial IQ's you need to gain financial freedom. From learning to make more money, to leveraging your money, Kiyosaki provides insight into getting rich with applicable examples from his own life. ENJOY THE RIDE OF FINANCIAL FREEDOM! return from Financial IQ to Assets
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