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Increase Your Financial IQ Book Review – Part 4: Leveraging Your Money
According to Robert Kiyosaki, leverage, in its simplest terms, is basically âdoing more with lessâ. It could be in the form of leveraging other peopleâs money like acquiring a loan for your house. It could be leveraging other peopleâs time by hiring employees for your business. Or it could be leveraging technology like putting up [...]
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Increase Your Financial IQ Book Review – Part 1: Making More Money
Increase Your Financial IQ Book Review â Part 1: Making More Money
The book starts by asking the fundamental question:
âDoes money make you rich?â
Take a moment to answer that question.
Do you think money will make you rich? Do you think winning millions of dollars from lottery will make you rich? How about having a high-paying job [...] -
Increase Your Financial IQ Book Review – Part 2: Protecting Your Money
Once you have learned to solve problems and earn some money, the next thing you need to do is to protect that money from what Robert Kiyosaki calls âfinancial predatorsâ. Real world predators do not always look the part. Sometimes, they are ordinary people with well-meaning intentions. Their job is to âlegallyâ take money from [...]
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Increase Your Financial IQ Book Review – Part 3: Budgeting Your Money
After learning to make more money and finding out ways to protect your money, you next need to learn how to budget your money for maximum utilization.
According to the book, a budget is a plan to coordinate your most important resources (such as money and time) and expenditures. There are 2 kinds of budgets:
Budget [...]
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