Building on his Rich Dad Poor Dad theory, Robert Kiyosaki's 2008 book Increase Your Financial IQ: Getting Richer by Getting Smarter focuses on five essential financial intelligence concepts. Kiyosaki contends that knowledge of how money functions, not flimsy schemes, is the path to true wealth. The book instructs readers on how to
1. Boost revenue by utilizing skills and identifying opportunities.
2. Use tax-efficient techniques to safeguard your wealth (e.g., "it's not what you make...it's what you keep").
3. Make an efficient budget to generate extra money for investments.
4. Make strategic use of debt and assets to increase returns.
5. Increase your understanding of finance to adjust to changes in the market. According to Kiyosaki, the first step toward escaping the "rat race" is financial education.
2. Use tax-efficient techniques to safeguard your wealth (e.g., "it's not what you make...it's what you keep").
3. Make an efficient budget to generate extra money for investments.
4. Make strategic use of debt and assets to increase returns.
5. Increase your understanding of finance to adjust to changes in the market. According to Kiyosaki, the first step toward escaping the "rat race" is financial education.
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