Financial intelligence is key to building wealth from "summary" of Rich Dad's Conspiracy of the Rich by Robert T. Kiyosaki
Financial intelligence is the cornerstone of building wealth. It is not just about earning a high income or saving money, but about understanding how money works and how to make it work for you. Without financial intelligence, even a large income can quickly disappear through poor financial decisions. This is why many people who earn high salaries still struggle financially, while others with lower incomes are able to accumulate wealth. Financial intelligence involves understanding key concepts such as cash flow, assets, liabilities, and investments. It is about knowing how to make money work for you, rather than working for money. By developing financial intelligence, you can learn how to leverage your money to create passive income streams that continue to grow over time. This is the key to building wealth and achieving financial freedom. One of the main reasons why fin...
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