Now I am not sure but the following:

“If I give a sum of money, say $10,000 to a group of people, then 80% of them might have nothing left at the end of the year. 60% of them would have earned $10,100 at the end of the year since they could have deposited it in banks to earn interest income. And 4% would have anywhere from $20,000 to $1,000,000 or more at the end of the year because they are financially intelligent.”

That’s 144%… that doesn’t seem right? Also I doubt whether even the most financially intelligent person would be able to turn 10k into 1MM within a year…. that’s a 10,000% net worth increase in one year. I have never seen or heard anyone do that, except by winning the lottery or by stock derrivate speculation.

Cheers, Aleks.

Y lograr que en un futuro nuestras inversiones o activos trabajen para nosotros.

Saludos

David A Hernandez

Do you ever wonder what’s the cause of the break up of marriages? It’s usually the subject of money. What if the breadwinner gets downsized? What if he lost his job…

financial intelligence is having that ability to survive and thrive in the economic world with a set of skills that kiyosaki mentioned: marketing, accounting and business law. as i try to look at it, it’s not like shrewd investors have studied these subjects in prominent schools, rather they learn it from the street and by experience. i know a capitalist in our area who has a knack for marketing–feeling the trend of what people like, and he seems to do it instinctively. of course, he knows basic accounting but he leaves the more sophisticated stuff to his accountants, and he has his lawyer as well. it’s the ability to spot a market trend, then act on the opportunity by convincing other people to jump and provide you money so that the investment will come into fruition, is financial intelligence at its simplest description. one does not need to have the money, but needs to spot the opportunity; and sell the opportunity to other people who have the money