Page 37 - Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money

true with financial intelligence. Before people can learn how to earn
exceptionally high returns on their money (financial IQ #4: leveraging your

money), they need to learn to walk; that is, to learn the basics and the
fundamentals of financial intelligence.
One of the reasons so many people struggle with financial IQ #4:
leveraging your money, is because they are taught to turn their money over

to financial “experts,” such as their banker and their mutual fund manager.
The problem with turning your money over to financial experts is that you
fail to learn, fail to increase your financial intelligence, and fail to become
your own financial expert. If someone else manages your money and solves

your financial problems, you can’t increase your financial intelligence.
Actually, you are rewarding other people for theirs instead—with your
money!
It’s easy to increase your financial intelligence if you have a strong

foundation of financial information. But if your financial IQ is weak, then
new financial information can be confusing and have seemingly little value.
Remember my example of math geniuses still needing to start with 2 + 2?
One of the benefits of being dedicated to your financial education is that

over time you will be better able to grasp more sophisticated financial
information just as mathematicians are able to do complex equations after
years of practicing math problems. But, again, you need to learn to walk
before you can run.

Most of us have been in a class, lecture, or conversation where the
information went right over our heads. Or we have been in a class where the
information was so complex, attempting to grasp what was being said hurt
our heads. This means either the teacher is a lousy teacher, or the student

needs a little bit more basic information.
Personally, I do pretty well when it comes to financial information. After
years of study, I can sit in a room and understand most financial concepts.
Yet when it comes to technology, I am a technosaurus rex. I am a dinosaur. I

can barely use a cell phone or turn on a computer. Almost everything to do
with technology goes right over my head. When it comes to technology IQ,
mine is at the lowest level. The point is that we all have to start somewhere.
If I tried to take a class on website design, I would be in serious trouble.

You need to learn how to turn the computer on before you can try to design