If you ranked yourself a 4 or 5 in verbal-linguistic intelligence, It's likely that you are comfortable with reading and writing as tools for learning. If you ranked yourself a 4 or 5 in physical, musical, or natural intelligences, it's possible that you may have great success in "learning by doing"-using on-the-job training such as internships or being involved in school and community clubs. If you ranked yourself a 4 or 5 in spatial or numerical intelligences, you may benefit from learning through drawing, making charts and diagrams, building models, or working with your hands. If you ranked yourself a 4 or 5 in interpersonal or verbal-linguistic intelligences or vision, you may learn best by talking with friends or grown-ups about their experiences, by debating, or by performing. You'll find your intrapersonal intelligence useful in any type of training, since it will help you maintain your patience and self-esteem in the face of challenges. Poor people will often tip restaurant servers 15-20 percent even with lousy service but get mad when they need to pay a broker three to seven percent. Financial literacy programs – Many organizations offer financial literacy programs for teens, such as Junior Achievement and the National Endowment for Financial Education.

Really, I hesitate to stand behind the "eat the rich" crowd but damn, studying business is making me an actual communist. The biggest financial lesson to learn is that it’s all about how much money you keep, not how much you make. And without financial literacy, you’ll lose your money soon. Farrah Gray—Author and motivational speaker, Gray started his first business, a food company, at the age of 13. Robert submits offers on multiple real estate properties that he wants. He leaves the deal up to the real estate agent, who is the expert, whereas he isn’t. Spatial intelligence If doodling helps you listen in class, or if you're always seeing things that you'd like to photograph, circle 5. This intelligence is used to see patterns, designs, and space-and is found in many artists, architects, and choreographers who can visualize a two- or three-dimensional object or event and make it real.

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The world is not comprised of “the rich”, “the middle class” and “the poor” and even if you look at it that way, it is a dangerous (and derogatory) to consider that people are poor because they don’t make their money work for them. Because they’re “losers” (I shit you not) who are too scared to take a risk. urn:lcp:richdadpoordadfo00kiyo:epub:86efb566-49a5-4f50-8412-ddaee7c111ff Extramarc University of Toronto Foldoutcount 0 Identifier richdadpoordadfo00kiyo Identifier-ark ark:/13960/t6252wc07 Isbn 0446693219 Lccn 2004006069 Ocr_converted abbyy-to-hocr 1.1.20 Ocr_module_version 0.0.17 Openlibrary OL23028270M Openlibrary_edition Musical intelligence Are you tapping a pencil or drumming your fingers right now? Head for the number 5. This type of intelligence is especially tuned in to sounds, rhythm, and rhymes. This is not a test. I repeat: This is not a test! There's no good or bad answer or high or low score. This is just a way to think about how you learn most comfortably.

When someone asks the average person, “What is your business?” they typically respond with their profession. However, they are not owners of the company they work for. They still need their own business. Otherwise, they’ll spend their life working for everyone but themselves. That’s the importance of minding your own business.It’s vital to learn the subject of accounting if your long-term goal is to be rich – no matter how boring you think the topic is. He also gives poor advice in finances and investing. For example, not adhering to diversification. Or getting out of a stable job (a.k.a. "rat race") where "even if you win you're still a rat." While most people assume that Ray Kroc, the founder of McDonald’s, is in the hamburger business, Kroc once told an MBA class that he’s actually in the real estate business. That’s why he carefully chose every location for his franchises. Today, McDonald’s owns more real estate than any other organization in the world –even the Catholic church. The biggest challenge poor people have is knowing the difference between an asset and a liability. Knowing the difference between the two can help you become rich.

When Robert Kiyosaki analyzes a deal, he tries to look at it the same way Warren Buffett would. This strategy helps him tap into raw genius. For a comprehensive overview of personal finance, How to Money: Your Ultimate Visual Guide to the Basics of Finance by Jean Chatzky and her co-authors would be hard to beat. Steve Burkholder’s I Want More Pizza might be the best choice for teens who want (or need) to know the basics but cringe at the idea of anything resembling homework. Books on more specialized aspects of personal finance are also worth exploring, with Kalman Chany’s Paying for College being a good example. Why Trust Investopedia? Take the time to develop your financial intelligence. Harness the power of your brain and asset column.” The rich put their money into a corporation. Their asset puts income into their corporation, and then corporate income can be used as income for their personal income statement. And the expenses from their personal income statement can go into the expenses for the corporation. Even though the masses continuously try to find ways to tax the rich, the rich consistently outsmart them.The road to a high financial IQ is to work on your money skills using the intelligences that work for you-and work to develop the others so that your whole brain is working full-steam. Try a few different learning styles on for size. If you're stronger in one area than others, there's a lot you can do to balance out. Here are some suggestions. What other ideas can you come up with?

I enjoyed the way Kiyosaki introduced us to both fathers. He puts us in the scene of action, rather than lecturing us, and like he did as a boy, we learn from actions rather than words. This is more successful, I think, than most financial books, which while helpful can be a little boring. Write about it! Use your Rich Dad Journal to explore ideas about the role money plays in your life now and in the future. (Intrapersonal and verbal-linguistic intelligences and vision) Mr. Berger brings a different approach to this dialogue by focusing on the economics of personal investing in a way that those new to personal investing can easily understand and more importantly put into action. And he does it in a fun and sometimes whimsical tone that will capture the reader’s attention while explaining important investment concepts. Growing up, poor dad recommended that Robert read books while rich dad recommended that Robert master financial literacy. Robert shares, “If you are going to build the Empire State Building, the first thing you need to do is dig a deep hole and pour a strong foundation. If you are going to build a home in the suburbs, all you need to do is pour a six-inch slab of concrete. Most people, in their drive to get rich, are trying to build an Empire State Building on a six-inch slab.”

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In contrast, liabilities are things that cost you money without providing you with a financial return. Financial literacy helps to build a strong financial foundation and avoid common financial pitfalls by understanding concepts such as: Certainly, well worth the read. For those that have some familiarity with personal investing, I’d suggest you read perhaps the first couple of chapters, then skim them and read the chapter summaries – you’ll save a ton of time. It is fervently anti-intellectual. It totally disregards that not everybody has the capacity or opportunity to “pay themselves first” before paying bills, or quit their job to make money work for them. Money doesn’t just come to you if you try hard enough. Sometimes you need to actually pay your bills because there are real life consequences to failing to do so. Like, your utilities being disconnected. Your credit rating being destroyed.