Page 59 - Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money
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counting on the stock market for financial survival and will be wiped out if
there is a massive market crash during their retirement. Many will struggle
if the U.S. dollar continues to decline in purchasing power and inflation
takes off. In short, many financial experts handing out financial advice do
not know if their retirement plans will work. If they did, many would have
retired.
Kim and I know our retirement plan works. We know because passive
income pours in every month from our assets. We are not putting money in
savings, bonds, or mutual funds for the future. If we are wiped out, which is
always possible, our real asset will be our financial IQ. We can rebuild
again because we focused more on learning rather than earning. We learned
to manage our own money, rather than turn our money over to an E or S. As
rich dad said, “Just because you invest or are self-employed, does not mean
you are an investor or a business owner.”
In Summary
The secret to making more money is found in the following diagram:
