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Summary Increase Your Financial IQ Robert T. Kiyosaki
Book Summary of Increase Your Financial IQ by Robert T. Kiyosaki
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Book SummaryIncrease Your Financial IQ - Robert T. Kiyosaki
1. F IQ #1 MAKING MORE MONEY
① MEASURMENT = GROSS $
① MONEY PROBLEMS
POOR
1. Not having enough money.
2. Using credit to supplement money shortages.
3. The rising cost of living.
4. Paying more in taxes the more they make.
5. Fear of emergencies.
6. Bad financial advice.
7. Not enough retirement money.
RICH
1. Having too much money.
2. Needing to keep it safe and invested.
3. Not knowing whether people like them, or their money.
4. Needing smarter financial advisors.
5. Raising spoiled kids.
6. Estate and inheritance planning.
7. Excessive government taxes.
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, 2. F IQ #2 PROTECTING YOUR MONEY
① MEASURMENT = %
① FINANCIAL PREDITORS
1. BUREAUCRATS
2. BANKERS
3. BROKERS
= salespersons
LESSONS
1. TAKE CLASSES; INVESTING
STOCKS
REAL ESTATE
2. BROKER STUDENT OF HIS PROFESSION
3. INVEST IN WHAT THEY SELL
4. RELATIONSHIP, NOT A TRANSACTION
4. BUSINESSES
5. BRIDES & BEAUS
6. BROTHERS-IN-LAW
7. BARRISTERS
3 DO'S
1. Keep nothing of value in your name.
2. Buy personal liability insurance immediately.
3. Hold assets of value in legal entities.
GOOD
C-corporations
S-corporations
limited liability corporations (LLCs)
limited liability partnerships (LLPs)
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