- Title: Rich Dad’s Increase Your Financial IQ: Get Smarter With Your Money
- Author: Robert Kiyosaki
- Series: Rich Dad’s
- Publication: Business Plus (March 26, 2008)
- Pages: 197
- Genre: Business and Finances
- Format: Paperback
- Source: Library
- Rating: 4 out of 5 stars
Having a financial education is just as important as academic education. You won’t be able to receive a beneficial loan from the bank because you had a 4.1 GPA in high school. In Rich Dad’s Increase Your Financial IQ, Robert Kiyosaki states financial education is king! He simply explains what it is, why it’s important, and how it can be used in your favor.
One of the most basic financial keywords you have to know are “assets” and “liabilities”. Assets give you money while liabilities take it away. A real estate investment property is an asset. A tenant’s rent money is sent to you as passive income because someone is living in your investment. School loans are fine examples of liabilities. You can’t have a “travel all over the world” carefree lifestyle without school loans taking money from you (and a bit of your soul) every month! You’ll gain experience points in financial education for knowing these words in many real life situations.
Increase Your Financial IQ is a good start to elevate your financial knowledge. This book contains many budgeting, investing, and business building tips.You’ll learn how to manage and leverage your money. Have you ever heard of “good”debt? Kiyosaki will explain what it is and how you can get there from “bad” debt. If you have read other books from Kiyosaki, you’ll have to skip the repetitive personal “Rich Dad, Poor Dad” stories. Other than that, the book is full of gold nuggets.
A bright financial future comes to those who educate themselves. Reading this book might just lead you to a better financial life! ^_^
Have you read this book or any books from Kiyosaki’s “Rich Dad” series? Share your success story below, if any, after reading his books.