Financial IQ – The Difference Between Poor Dad and Rich Dad

What is the difference between Poor Dad and Rich Dad

The financial IQ and way of thinking of a Rich Dad are quite different from that of a Poor Dad. The former focuses on raising money, while the latter works to organize his people and make investments. Rich Dad is also more interested in education than money. His way of thinking is very different from that of a Poor Dad, who believes in putting money in the bank.

Rich dad prefers to specialize

According to Robert Kiyosaki’s book, Rich Dad, Poor Dad, there are two types of fathers. The poor dad focuses on work and the rich dad specializes in money. But, it doesn’t mean that the rich dad always has money. Before he became rich, he was concerned with job tenure, sick leave, and company insurance. He was also secretive about his wealth.

Their financial IQ

In “Their Financial IQ is the Difference Between Poor Dad and Rich Dad,” Robert Kiyosaki teaches readers how to become financially literate. This can start with a simple financial education and grow over time. To become financially literate, you must train your brain to think about money. This means understanding capitalism and how the markets work.

The rich are able to experience exponential wealth because of their financial mindset. They use money wisely to buy assets and take advantage of income-generating opportunities to quickly multiply the money they keep. People with low financial intelligence tend to sink into debt and let bad habits take over.

Rich dad believed that people with a higher financial IQ had a better understanding of how money works. As an example, he said that people with high financial IQ would know where money is flowing and would grab it. This would allow them to take advantage of the virtual piles of money in the financial system. However, most people don’t have the financial IQ to know where to put their money and take advantage of it.

As a result, it is crucial for individuals to have high financial IQ in order to achieve financial success. Without it, they may be a failure and will never reach their financial goals.

Their way of thinking

Ways of thinking are mindsets or approaches to a problem that humans have evolved to use. They can be adopted naturally or consciously, and are often used temporarily to help solve a particular issue. Common ways of thinking include presuppositionalism and “asymmetric insight”, the belief that we understand others better than we do.

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