Page 78 - Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money

dreams. But it’s the financially intelligent thing to do, especially in this day
and age of a 50 percent divorce rate. When forming a new business with a

new business partner, I know it may be difficult to think about a buy-sell
agreement or a business dissolution agreement when you are just starting
out, but it is financially intelligent to think of your exit before you enter into
the agreement.

The next exit strategy is one many people do not like to think about, but
it is financially intelligent to think about it before you make the final exit.

The Sixth B: Brothers-in-Law

Death is the final exit. It is another time when predators appear—or I

should say vultures. If you are rich, not having a financial IQ can be
expensive for your loved ones. Family, friends, and the government show
up for your funeral if you are rich. Your brother-in-law’s children’s
grandchildren, children you’ve never met, suddenly become family and

come to cry at your funeral. If you have a high financial IQ, the percentage
of your money these grieving relatives receive will be controlled by you,
even after you have moved on. Those with a high financial IQ have wills,
trusts, and other legal means of protecting their wealth and final wishes

from death predators. Just look at Leona Helmsley. She was able to leave
$12 million to her dog while stiffing her grandchildren. While that’s not
what I would suggest, it is proof positive that a high financial IQ will allow
you to determine where your money goes, even from the grave.

Before you pass on, plan your exit with an estate planning specialist. If
you are rich or plan on being rich, planning your final exit is the financially
intelligent thing to do. Do it before you die—only leave the dog out of it.

The Seventh B: Barristers

You may remember the person who sued McDonald’s claiming the coffee
was too hot. That is an example of a financial predator using the court
system to get your money. Millions of people are waiting for any excuse to
use a lawsuit to get rich. This is why the seventh B is for barristers, or