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Robert Kiyosaki wrote a book about getting smarter with money to become rich and stay rich.
- There are five important things to learn to become financially smart and successful.
- The first thing is to make more money.
- Just like fixing a toothache by going to a dentist, solving money problems can help you earn more money.
- Solving problems, like improving selling skills, can make you better at earning money.
- Start by solving small problems, then move to bigger ones to become smarter and richer.
- If you don't solve money problems, you might have to do things you don't like later on.
- An example story about a farmer and a rooster teaches the importance of solving problems early.
- The second thing is protecting your money from people who want to take it.
- These people might seem nice, but they can be financial predators.
- Smart financial people keep their money safe and learn about taxes.
- The third thing is using your money wisely by investing it.
- There are three types of income: earned, portfolio, and passive.
- Passive income is the best because you earn without working.
- The fourth thing is leveraging your money, meaning doing more with less.
- Leverage can be through money, time, systems, or networks.
- Successful people use leverage to grow their businesses.
- The fifth thing is gaining knowledge and staying up-to-date with information.
- Having the right information can help you succeed, while wrong information can hold you back.
- It's important to keep learning and improving your financial IQ.
Remember, these five things together can help you become smarter with money and build your wealth over time.
