FINANCIAL INTELLIGENCE......

Robert Kiyosaki

"The poor and middle class work for money.
The rich have money work for them."




Financial Intelligence:
"It is not real estate, stocks, mutual funds, businesses or money that  makes a person rich but it is information, knowledge, wisdom , know-how,a.k.a. financial intelligence, that makes one wealthy."


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, is the second Financial IQ.



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" 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.