You know what the cause of the breakdown of marriages? Usually it is the subject of money. What if the family had cut staff? What if you lost your job?
Schools often teach Scholastic Aptitude Test (SAT). Want to know how good you are at reading, writing and arithmetic? These skills are very important and depending on how well you perform on the SAT, the next step will focus on high school, in vocational test (PAT) to see if you are going to become a doctor, lawyer, a fireman, or want to be.
But what schools teach people in their education is not the thing called Financial Intelligence. Rarely the subject of money being discussed in schools. What is Financial Intelligence
If I give a sum of money, say $ 10,000 to a group of people, then 80% of them may have nothing at the end of the year. 60% of them have earned $ 10,100 dollars at the end of the year, could have deposited money in banks for interest income. And the 4% would have anywhere from $ 20,000 to $ 1,000,000 or more at year’s end, as they are financially smart.
There are two ways of learning in their desire to increase their financial intelligence. The income statement implies two things “income and expenses.” The balance sheet, which involves the “active and passive.” These are the basic facts you should know perfectly to increase their financial intelligence.
What is the difference between an asset and a liability? Robert Kiyosaki says that assets are always something that puts money in the pocket of a person, while liabilities are something that takes money out of pocket of a person. There is always the question of whether the house is an asset or a liability? debate that has always existed.
Another important lesson in the rise of financial intelligence is the song called Cashflow, One huge difference between the cash flow of a poor person, a person of middle class and rich.
For poor people, Kiyosaki says that all you have is a job, then get the earned income of the whole month is going to pay their rent, clothing, food and other expenses, this leaves their pockets. And do not go there because it does not reach for more.
For the classic middle class, Kiyosaki says he is a little different. The income comes from their jobs; So now go to the liabilities, since they can probably have a house with mortgage payments, car payments to the mortgage, etc., and then finally go to all this expense and their pockets. Apparently living well, but they spend a lifetime paying off debts.
For the wealthy, Kiyosaki says that revenues from its assets. By spending more and more negligible, increasingly growing their empires.
While the poor and middle class are focusing on income, the rich person is focused on assets. And assets are the great secret of the rich.
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