Book #5: Increase Your Financial IQ: Get Smarter with Your Money, Robert Kiyosaki
What is the key to generating wealth? Your financial IQ. Knowing how money works and how to make money work for you is important in the process of growing your financial household. In this book, Robert Kiyosaki discusses the 5 principles of financial IQ: 1. Making money, 2. Protecting money, 3. Budgeting money, 4. Leveraging money, 5. Improving your financial information. It is a good resource in your financial education.
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Book #1: Rich Dad, Poor Dad: What the Rich Teach their Kids about Money that the Poor and Middle Class do not! Robert Kiyosaki
Do you want to be rich? Do you know how to be rich? Unless you have a mentor, there is really no formal track for financial education today. As a result, many people are financially illiterate. In this book, Robert Kiyosaki shares the wisdom that he learned from his financial mentor, “Rich Dad.” He explains that wealth is not just a net worth but a mindset about managing money. He explains from personal experience the differences between income, expenses, assets and liabilities and how to direct funds between these categories for wealth creation. While reading this book will not automatically make everyone Warren Buffet, this book does a great job in helping people understand a personal expense sheet and increasing financial IQ.