Rich Dad’s Increase Your Financial IQ, Get smarter with your money, is the thirteenth book in the Rich Dad franchise written by Robert Kiyosaki. The books forward is by Donald J. Trump, then there’s the author’s note, and finally, the introduction- Does Money Make You Rich? I suggest that you read all three of these before reading the 10 chapters that make up the body of the book. the Forward, Author’s Note, and Introduction give you some basic insight to Mr. Kiyosaki and his way of thinking about money. They also have nuggets of information that come in handy while reading the rest of the book.
Chapter 1. What Is Financial intelligence ? In this chapter he talks about how the rich and the poor both have money problems. for the poor it’s not enough money, using credit when you are short of money, the rising cost of living, the more you make- the more you pay in taxes, fear of emergencies, bad financial advice, and not enough money for retirement. For the rich it’s having too much money, needing to keep your money safe and invested, not knowing if people like you- or your money, needing smarter financial advisors, raising spoiled kids, estate and inheritance planning, and excessive government taxes. Now the question is, as Mr. Kiyosaki put it, is “Which money problems do you want?”
He talks about solving money problems and how solving money problems makes you smarter. How the rules of money have changed, and how the rich and the poor each handle these problems.
Chapter 2 is a brief overview of the five financial IQs presented in the book. They are: #1: Making more money. #2: Protecting your money. #3: Budgeting your money. #4 Leveraging your money. #5: Improving your financial information. Mr. Kiyosaki talks about how they interrelate and build upon one another, and how each is just as important as the others.
In chapters 3 through 7 he talks about each financial IQ individually.
Chapter 8 is titled, The Integrity of Money, in this chapter he talks about three definitions for integrity, they are: 1. Soundness: An unimpaired condition. 2. Incorruptibility: Firm adherence to a code of especially moral or artistic values. 3. Completeness: The quality or state of being complete or undivided. And how all three are needed to discuss money and integrity.
Chapter 9, is about Developing Your Financial Genius. In this chapter he talks about left and right brained thinking and the subconscious brain and using all three. Mr. Kiyosaki also talks about finding your genius and learning what your intelligences are.
Chapter 10 is titled, Developing Your Financial IQ, Some Practical Applications. In this chapter he does just that.
Robert Kiyosaki does reference some of his other books such as Rich Dad, Poor Dad, and Rich Dad’s CASHFLOW Quadrant, but he describes what he’s talking about from these books that you’ll get the point without having read them. ( Although they are good, too.)
This is a great book to get and read. It explains so much and is a quick 197 pages. I feel that if I get one good bit of information out of a book then it was worth the read. I got information page after page with this one. (Now I just need to put that information to work.)
Tags: Books, Education, Money Matters, Personal Finance, Wealth Building
