Introduction to Rich Dad’s Increase Your Financial IQ Review
As a sequel to the Rich Dad, Poor Dad book, this one can give you more sustainable knowledge on financial IQ and how you can develop your own culture when it comes to money administration.
The book can offer valuable insight into distinguishing assets from liabilities and having a diversified portfolio to hedge your money against inflation and discrepancies in the market.
Title: Rich Dad’s Increase Your Financial IQ
Author: Robert T. Kiyosaki
Genre: Personal money development and financial knowledge expansion
Premise: The book is about the novel efforts of Rich Dad to give more specific advice on money generation and wealth development through the creation of financial IQ.
It serves as a natural continuation of the Rich Dad, Poor Dad book, giving specific instructions on how to make money work for you and become more prosperous by using debt for your benefit.
Rich Dad’s Increase Your Financial IQ review remains one of the most influential passages you will read this year.
Rich Dad’s Increase Your Financial IQ Review from Other Platforms and Influencers
Critics Opinions
As we already know, reputable newspapers like the Wall Street Journal and the New York Times have consequently hosted Robert T. Kiyosaki for several interviews concerning this book.
They acknowledge the fact that the author can make hard-to-understand financial terms easy for the general public.
The stories the author mentions, coming from his personal life and experience, create empathy in the readers and make them eager to impersonate the characters as they seek to find similarities with their own lives.
On the other hand, the same newspapers have criticized the fact that this book, Rich Dad’s Increase Your Financial IQ, only focuses on personal narratives and stories without getting backed up by solid educational facts.
Some believe that repetition is what makes the book a bit tiring to the advanced financial audience and finds supporters only within the cluster of naive financial literature readers.
Rich Dad’s Increase Your Financial IQ review shows the main points of this book and gives you incentives to buy and read it.
General Public Reviews
Googlereads: With a total rating of 4 out of 5 stars, Rich Dad’s Increase Your Financial IQ is the book that most readers love to have.
It’s one of the books that is extremely easy to read, and it gives you more information and benefits compared to others.
Amazon: The book has gathered 4.5 out of 5 stars to ensure that most readers comprehend the harsh financial terms that are subsequently explained inside its chapters.
The author gives clear instructions on what readers need to do to develop their essential financial intelligence and be winners with money 100% of the time.
With this kind of review, it’s evident that Rich Dad’s Increase Your Financial IQ is one of the most influential books for financial intelligence, allowing naive people to learn more about personal finances, assets, liabilities, and long-term investments.
Rich Dad’s Increase Your Financial IQ Book Summary
Here is Rich Dad’s Increase Your Financial IQ book review summary:
The Five Financial IQs
The book is about explaining the five main components of financial IQ; here is a summary of the chapters:
- Making More Money: The author gives you more information on how people could increase their active or passive income.
- Rich Dad’s Increase Your Financial IQ pdf download for free remains a primary reading for all those who see economic autonomy and independence.
- Protecting Your Money: Ideas to protect your money by placing them in investment vehicles that are diverse and less likely to fail.
- Budgeting Your Money: The author promotes an active creation of a budget, including your needs and expectations for the next fiscal year, to ensure you have realistic and achievable goals to catch with your money expertise.
- Leveraging Your Money: Here is an introduction to a new world of investment. The book supports the end of simple wealth accumulation and the commencement of money leveraging to multiply your wealth effect and increase your financial position.
- Improving Financial Information: Finally, the book implies that financial information is totally beneficial and necessary to exist when you want to have a solid financial plan.
- You can try Rich Dad’s Increase Your Financial IQ pdf download for free to enlighten your life about finances.
The Importance of Financial Education
Going on with Rich Dad’s Increase Your Financial IQ book review summary, education is a vital asset.
Using some paradigms from his personal life, the author gives a clear example of what financial education means.
He offers tangible examples that education is not only limited to universities but also to real-life business and work exposure.
The Idea of Good Debt vs. Bad Debt
Robert T. Kiyosaki addresses the audience of this book by introducing the idea of bad and good debt.
There is a misperception in the poorest part of the world’s population about debt that is not good for any financial plan.
However, the author insists on getting some good debt from the banks, which has to do with assets that grow in value and give you passive income.
That is the way to get away from the trap of taxation and live a prosperous life. In the book review of Rich Dad’s Increase Your Financial IQ, the idea of debt is monumental.
The Perception of Risk Management
Finally, the book has to do with risk management, giving information about what the stock market, real estate, commodities, and all the other investments have to do with danger.
According to the author’s perception, risk management was not a lesson in schools, and people are reluctant to make riskier investments that will get them to the next stage of their financial development.
As we have seen before, this is all about money in the book review of Rich Dad’s Increase Your Financial IQ.
Strengths of the Book
Let’s take a glimpse at the most important strengths of this book:
1. Simple Language and Real-life Stories
The author uses paradigms from his personal life, and the language he uses is easy for any reader to understand.
2. Financial Strategies Easy to Accomplish
All the financial strategies presented are easy to follow and need no prior knowledge of economic science.
3. Motivation to Seek Financial Autonomy
The book motivates readers to seek financial autonomy and be bold with their finances.
The book review of Rich Dad’s Increase Your Financial IQ talks about motivation and is helpful to read.
Weaknesses of the Book
Some of the main drawbacks of this book include the following:
1. Excessive Use of Hard Financial Terminology
Some chapters have more complex financial terminology, which could be hard for some parts of the audience to follow.
2. Repetitive Stories
Some of the stories the author tells about his personal life as an entrepreneur are the same and feel repetitive.
3. Pointing More to Real Estate than Other Investments
The author has a special affiliation and preference for real estate investments that could be annoying for a specific part of the audience.
Real estate is a substantial part of the book review of Rich Dad’s Increase Your Financial IQ, which could be done on purpose by the author.
Your Personal Takeaway
Read Rich Dad’s Increase Your Financial IQ as it has many references to the new type of wealth generation using existing knowledge that anyone could intuitively have. The book gives you more information about how to beat your bad self and change your opinion about debt. Also, the main takeaway message from this book would be to have open eyes all the time, learn as much as you can from other people’s financial successes and failures, and diversify your portfolio to achieve financial freedom as soon as possible. Launching the reading of the book review of Rich Dad’s Increase Your Financial IQ will undoubtedly change your life.
Famous FAQ About Rich Dad’s Increase Your Financial IQ
Here are some crucial FAQs that we usually find online for this book and the ones that are present in the book review of Rich Dad’s Increase Your Financial IQ.
What is Rich Dad’s Increase Your Financial IQ book about?
The book is about learning to identify the five types of financial intelligence.
Then, you can learn more about debt types and investments you can make to use the cash flow and become more prosperous without having to deal with financial hardships at any other time of your life.
Who Should Read Rich Dad’s Increase Your Financial IQ?
There is no particular segment of the readers’ audience who should read the book.
It is meant for all people who want to understand modern finances and money rules they have misconceptions about.
It is helpful for all people who want to change their financial status and don’t know where to begin.
What Are Some Other Books Like Rich Dad’s Increase Your Financial IQ?
Here is a comprehensive list of books you could read after you have finished reading this book.
Especially after the Rich Dad’s Increase Your Financial IQ novel pdf reading.
- The Intelligent Investor by Benjamin Graham
Check the book here
- Think and Grow Rich by Napoleon Hill
Check the book here
- Your Money or Your Life by Vicky Robin
Check the book here
These books focus on the same financial issues and may concern people who have the same inquiries as reading Rich Dad’s Increase Your Financial IQ.
After reading Rich Dad’s Increase Your Financial IQ novel pdf, you should be ready to change your life.