Financial Intelligence - by Robert Kiyosaki (2024)

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Financial Intelligence - by Robert Kiyosaki (2024)

FAQs

Financial Intelligence - by Robert Kiyosaki? ›

financial intelligence is a synergy of accounting, investing, marketing, and law. Combine those four technical skills and making money with money is easier than most people would believe. When it comes to money, the only skill most people know is to work hard. Robert T. Kiyosaki, Rich Dad Poor Dad.

What is financial intelligence according to Robert Kiyosaki? ›

financial intelligence is a synergy of accounting, investing, marketing, and law. Combine those four technical skills and making money with money is easier than most people would believe. When it comes to money, the only skill most people know is to work hard. Robert T. Kiyosaki, Rich Dad Poor Dad.

What is the meaning of financial intelligence? ›

Financial intelligence commonly refers to the ability of executives' and employees' to understand and execute on accounting principles. Under this notion, executives and employees who are not formally educated in finance or accounting still need to understand basic finance principles.

What investments does Robert Kiyosaki recommend? ›

It's worth noting that in addition to dollar-cost averaging into the stock market, Kiyosaki recommends accumulating gold, silver, bitcoin and real estate. This is where Kiyosaki's investment philosophy gets a bit more controversial.

What are the five financial IQs? ›

Kiyosaki educates that the five basic financial IQs are: Making more money (Financial IQ No 1); protecting your money (Financial IQ No2); budgeting your money (Financial IQ No3); leveraging your money (Financial IQ No4) and improving your financial information (Financial IQ No5).

What are the 6 basic rules of investing Robert Kiyosaki? ›

FINANCE AND INVESTMENTS
  • The Six(6) Basic Rules for Investing-Robert Kiyosaki. ...
  • Rule #1: Know what kind of income you're investing for: ...
  • Rule #2: Convert ordinary income into passive income: ...
  • Rule #3: The investor is the asset or the liability: ...
  • Rule #4: Be prepared: ...
  • Rule #5: Good deals attract money:

What is an example of financial intelligence? ›

Examples of financial intelligence analysis could include: Identifying high-risk housing tenants on the basis of past rental histories. Detecting tax payers trying to avoid their fiduciary obligations by moving wealth surreptitiously out of a tax-levying jurisdiction.

What does the Bible say about financial intelligence? ›

Importance of financial intelligence

The Bible says that: “Money answereth all things.” But we should read this along with the Scripture that says: “The love of money is the root of all evil.” We should not be motivated by the love of money, but by the thought of the good, we can use money to do in our society.

What are the different types of financial intelligence? ›

There are four FIU models: judicial, law enforcement, administrative, and hybrid.

Is financial intelligence a skill? ›

Many organizations include financial intelligence programs in their leadership development curriculum. Financial intelligence is not an innate skill, rather it is a learned set of skills that can be developed at all levels.

How to be a financial genius? ›

* Genius knows that building wealth takes time, but they will take it anyhow.
  1. Practice Frugal Living. ...
  2. Party, But Don't Over Do It. ...
  3. Buy Insurance Policy. ...
  4. Increase Financial Intelligence. ...
  5. Budget Expenses on Kids. ...
  6. Be Aware of Your Credit Ratings. ...
  7. Reduce Monthly Expense Growth Rate by 1% ...
  8. Involve Family in Money Management.

How to be smart financially? ›

7 financial habits to help make you smarter with your money
  1. Automate whatever you can. Automate your savings, automate your loan repayments, automate your bills. ...
  2. Have specific, meaningful goals. ...
  3. Invest. ...
  4. Don't spend that unexpected cash. ...
  5. Prioritise high interest debt. ...
  6. Track your spending. ...
  7. Learn however you can.

What was Robert Kiyosaki's famous quote? ›

The thing I always say to people is this: 'If you avoid failure, you also avoid success. ' The rich are those who play to win. The middle class plays not to lose.

What does Robert Kiyosaki say about 401k? ›

Financial expert Robert Kiyosaki, famed author of “Rich Dad Poor Dad” holds an opinion that may seem unpopular. The opinion in question: The 401(k) is a “horrible” retirement plan.

Why does Robert Kiyosaki not invest in the stock market? ›

Robert Kiyosaki is generally skeptical of traditional stock market investments and has cautioned against overreliance on stocks, bonds, and mutual funds, which he considers to be "paper assets" vulnerable to market crashes and economic downturns.

What is the meaning of financial business intelligence? ›

Financial BI helps track important financial metrics like sales, expenses, and profitability. It can also be used to monitor market trends and identify areas for improvement.

What are the principles of financial intelligence? ›

Understanding the foundation. Financial intelligence requires an understanding of the basics of financial measurement including the income statement, the balance sheet, and the cash flow statement. It also requires knowing the difference between cash and profit and why a balance sheet balances. Understanding the art.

What does Robert Kiyosaki say about financial literacy? ›

Robert Kiyosaki, the founder of the “Rich Dad, Poor Dad” empire, says that there are six basic words that are key to financial literacy and education: income, expense, asset, liability and cash flow. The last “key” is a combination of two words, making six total terms that Kiyosaki finds essential.

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