Rich Dad: Increase Your Financial IQ | पैसो का खेल समझो 

Rich Dad: पैसो का खेल समझो | Increase Your Financial IQ
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If you think it takes money to achieve financial freedom, you’re wrong. What it takes is a high financial IQ, or high financial intelligence. In other words, being smart with money and personal finance. Robert T. Kiyosaki' is a famous author of the book, Rich Dad, Poor Dad, which is an all-time best seller book in personal finance category. This is one of the best personal finance out there to increase your financial literacy. Rich Dad’s Increase Your Financial IQ is another book written in 2008, that defines financial intelligence, explains its five different forms, and dives deep into each. Robert Kiyosaki exposes misconceptions about finance, money, financial freedom, wealth, getting rich, financial independence and provides valuable knowledge that can jumpstart your career as a savvy entrepreneur or your journey towards financial freedom.
Financial IQ Rule number 1 is earning more money. The majority of us possess insufficient financial intelligence to support our financial freedom goals. The more money you earn, the better your financial IQ #1. A person who makes Rs. 1 Crore a year has a high financial IQ 1 than a person earning Rs.5 lakhs a year.
Financial IQ 2 is protecting your money. The world is out to get your money, and not everyone who takes your money is a criminal. One of the largest financial thieves of our money is taxes. Governments steal our money legally. High-income individuals are more likely to achieve financial integrity because they apply financial IQ #2 to their taxes.
Financial IQ 3 is budgeting your money. To effectively manage your finances, you'll need a high level of financial intelligence. Many individuals make a lot of money yet fail to keep much, simply because they budget badly. For example, a person who makes and spends $60,000 a year has a lesser financial IQ #3 than someone who makes $10,000 and can comfortably live on $8,000 and invest $2,000. It takes a great degree of financial intelligence to be able to live comfortably and yet invest, regardless of your income. You must actively budget for having a surplus.
Financial IQ 4 is leveraging your money. The next step in your financial journey is to find a way to put your extra cash to good use. Most individuals store their financial excess in a bank or in mutual funds. You may leverage your money via savings accounts and a well-diversified mutual fund portfolio, but that doesn’t require a lot of financial intelligence. There are better ways to do it. Profitability is the yardstick by which your financial IQ is judged. Someone who earns interest of 50 percent on their money has a better financial IQ #4 than someone who makes 5 percent. It's a myth that better rates of return on investment require greater amounts of risk.
Financial IQ 5 is developing financial knowledge. You must master the foundations and the principles of financial intelligence before you can learn how to achieve extraordinarily large returns on your money. Learning should never cease in your lifetime. It's hardly surprising that so many people have trouble building up their financial resources since we're urged to trust our money to "experts." If you put supposed experts in charge, you won’t enhance your financial intelligence, and you’ll never become your own financial expert.
In the end, it's not stocks, precious metals, property, money, or even hard work that makes you wealthy - it's what you know about these things. It’s your financial IQ that really makes you rich.