Sunday, November 13, 2005

Financial Intelligence

Why Some People are Richer than Others
by Robert Kiyosak
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  • Thinking Rationally vs. Thinking Emotionally
  • Most People Live in Fear of Losing Money
  • How you Respond to Fear Makes the Differance
"So how does that affect financial intelligence?"

50% of financial intelligence is what you learn in business school, or in my case what I learned from my rich dad. It is the so-called technical knowledge about money, accounting, finance, investing, and business.

"The other 50% of financial intelligence is knowing when you are thinking rationally and when you are thinking emotionally. To simply say, play it safe is is not a rational thought because it is a thought that is generated out of emotion. To say play is smart is a thought coming from the rational brain.

It is a 50/50 reklationship that is the basis of financial intelligence, and to answer your original question, why some people make more money than others."

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