Financial IntelligenceFinancial Intelligence is a concept I first learned about from Roberrt Kiyosaki author of the "Rich Dad, Poor Dad " series of books. Most people are taught how to balance a checkbook but are not taught about how the economy or money really works. Our basic financial planning is usually some form of "Go to college, get a good job, get married, get a house, go into debt and try to save something for retirement. The basic message is to save your money and count on capital gains to reward you later in life. The current state of the economy is clearly showing that this isn't working. Most people who lost a lot of their money recently did so because they followed this plan. Rich Dad's view of it is that they were investing for capital gains and not for cash flow. Cash flow can vary a little because of the economy but the chance that you will be left with no income is less than putting it into investments for capital gains. I have to say I have been one of those people who did not know any better and I am just learning now and writing about it on this website and a few of my other sites. As I learn about economic concepts so will you. Part of the thing about money is that it is so rich with emotional ties to the past. Things like thinking that money is the root of all evil or that 'it isn't about making money - it is about following a path' are now obsolete. If it isn't about the money why are you taking any in the first place? Thinking that money is evil is what keeps you from having any. Most often it isn't a case of money is evil- it is more that we just don't understand it and know how to make it work for us rather than having to work for money. To start your process of learning about money I highly recommend the "Rich Dad, Poor Dad" series of books. I at first thought that these books were about teaching your kids about money from the titles but they aren't really. You have to understand the principles of money first before you teach it to your kids. One of the things that he recommends is investing your money to create cash flow. He talks about buying apartment buildings and renting them out but most don't have money to do that kind of thing. What you can do is start a website like this one to start creating residual income. The main problem with this though is that it takes time and effort. The most ideal way to go is to hire someone to do it for you but that may come after you see how it works and start getting some residual income going to invest back into the process. It isn't just about a website. I use a proven system of building a business online that takes you step by step through the process of researching topics and creating your site to make residual income. You can read about it more in the section on Site Build it! or on creating websites. You can also start by learning about your unconscious beliefs about money and start changing your core beliefs that say things like money is the root of all evil. For more on Financial Intelligence:Financial Planning
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