Financial intelligence

14.50

Title: Financial Intelligence

Author: Robert T. Kiyosaki

Translator: Sahar Hedayati

Publisher: Teymouri

Subject: Personal financial affairs

Age category: Adult

Number of pages: 260

Language: Farsi

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Description

Introducing the book Financial intelligence :

a manager’s guide to knowing what the numbers really mean by Robert Kiyosaki
Robert Kiyosaki’s book on financial intelligence, the book that believes you have the ability to get the wealth you want

In this book, Kiyosaki does not come to us with the usual advice that we are all filled with. He offers you unconventional offers to get rich. Kiyosaki really believes that you should not spend a lot of time earning a good income, and this is what makes him stand out.

Kiyosaki’s fascinating thinking has made his writings popular around the world. Therefore, in this article, we have provided you with a summary of his best-selling book in the field of financial intelligence.

Kiyosaki wrote a note for readers at the beginning of this book, which is summarized as follows:
This book does not tell you what to do. It is not about financial advice. This book is for you to become more financially savvy so that you can process your financial information and find the right financial path for you and, This book is to increase your financial intelligence.

In this book, Kiyosaki divides financial intelligence into five parts:

1) Make more money
This criterion is measured according to the income earned. To explain this issue, the following example can be given: If you have an annual income of 60 million Tomans, you have a higher financial intelligence coefficient than someone who has an annual income of 45 million Tomans.

Kiyosaki believes that the reason many people can not be rich is that they want wealth without working. That is, they have no desire to strive for wealth. According to Kiyosaki, humans have different goals, dreams, and ambitions.

They have to figure out for themselves what is the best way to make more money and achieve their goals, and then take that path. In Financial Intelligence, Kiyosaki emphasizes that you must learn to control your emotions. You have to learn not to give up in difficult times.
In his opinion; If you are confident in your path, you can also find solutions to problems along the way. As long as you focus on your goal, you will surely find a way to achieve it. in other words; If you want to be rich, you have to come to terms with the fact that problems never go away. You have to think of a way to solve them.

2) Money protection ‌

After making money, it’s time to protect the money. Kiyosaki believes that some people are always trying to save some of your money. You need to be aware of this group and not let them take too much money from you. For example, bankers and tax authorities are in this category.

3) Budgeting money

One of the factors that reflects your financial intelligence is your income budgeting. That way, if you can build a good life for yourself and invest in it with your income, you have a high degree of financial intelligence in this area. It does not matter what your income is. Some people are not able to save and invest despite their high income.

So no matter how prosperous these people are, they still have a low IQ according to Kiyosaki. Note that you must be serious about saving and act on the plan. For example, if you decide to save 10% of your income, separate this percentage from your income every month and put it aside. Do not make any exceptions to this and do not postpone this decision to the coming months.

4) Build a lever of money

To interpret this part, you can start like this:

You borrow money from others to increase your investment. Kiyosaki says this may seem like a wise move. But when you are a person who does not have the ability to invest properly, it is not only not approved, but to your detriment. Therefore, Kiyosaki recommends that you enter into investments with a degree of risk that you can really control.

5) Increase knowledge and financial information

Even the largest investors research before buying or investing. This part of Kiyosaki’s speech may be more tangible to us. Almost all of us have encountered people who have failed in an investment due to lack of information. Adequate research for investment shows your high financial intelligence. Today, given that we are in the age of communication and the Internet provides us with a lot of information for free, there is almost no justification for failure due to lack of information.

After recognizing these 5 cases, Robert Kiyosaki enters the main part of his speech. He deals with the impact of various factors, including the environment, on the acquisition of wealth. Kiyosaki emphasizes that if you want to become richer and more successful, find an environment that allows you to grow.

In the following sections of the book, Kiyosaki talks about strengthening financial intelligence. He states that:
People who are financially poor are people who do not want to develop their financial intelligence. They are looking for a simple environment and answers. They may be smart and educated. But as long as they do not make progress in their financial intelligence, they will always be economically weak.

Kiyosaki emphasizes that you should not be afraid to make mistakes. It is by mistake and practice that you can succeed.

Kiyosaki Financial Intelligence is a book that all those interested in wealth creation should read.

Finally, if you have read Robert Kiyosaki’s book on financial intelligence, please write us your opinion about that book so that we can review it from different perspectives.

Abstract

Just take a look at what’s in our book, Why Do We Want You to Get Rich? Drop it and then think about what happened next. I mean, we were fully aware of what we were talking about.

In part of this book, we read:

  • “Be smart about your money and capital. “One of the first steps to becoming rich by becoming more aware of your own money is to take advantage of it when opportunities present themselves to you.” The publisher believes that read and pay attention to the book Increase your financial intelligence; You will be on the right path to financial freedom and also on the right path to great success. By the way, do not forget to think big.
    Headlines
    Part One: What is Financial Intelligence?
    Part II: Five Aspects of Financial Intelligence
    Part 3: Financial Intelligence No. 1: Make More Money
    Part 4: Financial Intelligence No. 2: Protecting Money
    Section 5: Financial Intelligence # 3: Budgeting and Planning for Money
    Section 6: Financial Intelligence No. 4: Leveraging Money
    Section 7: Financial Intelligence No. 5: Promoting Financial Awareness (Information)
    Section 8: Money Integrity
    Section 9: Improve your financial genius
    Section 10: Developing Financial Intelligence

Related books

1- Introducing the book Financial intelligence : a manager’s guide to knowing what the numbers really mean on YouTube

2- Introducing the book  a manager’s guide to knowing what the numbers really mean in Aparat

Additional information

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