Review of "What is Your Financial IQ"

In the April/May 2008 issue of Success Magazine, Todd Eliason published an interview with Kim and Robert Kiyosaki entitled of "What is Your Financial IQ." I found the article very interesting and would encourage anyone who is interested in learning more about how to improve their financial acumen to read the article. Robert Kiyosaki is so full of good financial advice and this magazine article is just one more opportunity to learn from a brilliant financial mind. One point Robert makes (again!) is that a house is not an asset. He points to the current housing slump and foreclosure rates as proof. Many hardworking people are losing their homes at a staggering rate. And as people are losing their homes, they are also losing almost all of their financial security. Robert encourages anyone who wants to increase their bottom line to start a business. He recommends starting a part-time home-based business to increase a person's or a family's wealth. Just start small and learn, learn, learn! Robert makes the statement that "things" do not make you rich, but knowledge does. In other words, it is not in the having, but in the knowing how to have. Robert and Kim are striving to help people learn how to make smart choices. They are trying to educate people so that they are able to make their own wealth. I don't know if they refer to the old adage: "Give a man a fish, and he will eat for a day. Teach a man to fish, and he will eat for a lifetime" But that is what I thought as I read this article. Kim spoke to the differences in men and women when they invest. She believes the biggest barrier to more women investing is fear. That women are afraid they just aren't smart enough. But, on the other hand, once they begin to invest, women tend to take more time studying before making an investment decision. Consequently, women tend to invest more conservatively than do men. Interesting observations. I highly recommend reading the article. I promise you will learn something or reinforce something you already knew.