The one thing that I love about Robert Kiyosaki is his ability to turn a complex issue into something simple, and this is one of the reasons that I turned to The Conspiracy of the Rich after failing in my attempt to increase my financial intelligence by reading The Web of Debt by Ellen Hodgson Brown. This must be the fourth, or fifth book, that I have read from Kiyosaki and I have always learned something from each one of them – this is no exception.
Each section of the book was written entirely online during the 2007-08 economic crisis. I remember reading the specially created blog, at the time, and it was a great idea as it gave readers the opportunity to make comments which no doubt helped Kiyosaki find the right balance of direction and content when completing his book.
The book is divided into two parts. The first is a lesson in economics but whereas the Web of Debt bored me Kiyosaki intrigued me. Both authors were trying to do the same thing, and that is to help create financial intelligence, but one was like eating a steak with a spoon and the other with a nicely sharpened knife. To be fair to Brown, her book is not aimed at the audience in which I sit. Instead, I believe her book is aimed at someone extremely serious about understanding more about economics, whereas Kiyosaki just wants to educate the working class, and that fits right up my street.
The second part of the book asks a question and then answers it. Basically, after Kiyosaki increases your financial intelligence he then asks: “What can we do with this information?” and, “How do we go about doing it?” It was exactly what I was looking for. Sometimes I just want someone who has already reached the summit of the mountain that I am climbing to just turn around and tell me the best route to get there. This doesn’t mean I’m incapable of being individualistic, on the contrary, I just think it’s sound logic to follow the rules of the game by someone who is more than qualified to write them.
There are many key lessons in the book but the most important is learning to understand the power of Cashflow. This paragraph really struck a chord with me.
“When a bank creates a mortgage, which is a derivative of a house, you agree to pay money each month to the bank. In order for a derivative to exist, there needs to be two parties. One party pays and the other party receives. In the case of a mortgage, the banker sits on one side of the equation and you sit on the other. The question is: what side do you want to be on?”
I’m not here to say that money is the root of all happiness, because it’s not. But I am here to say that you stand more of a chance of finding happiness when you don’t have a financial burden. There is a lot of money in the world, but you aren’t going to get your hands on it if you don’t understand how the system works?
If you want to be financially free, and not worry about money, then books like this will set you on your way. The principle of Cashflow is paramount to your success and Kiyosaki teaches it as well as I have found. So make a decision today to be on the right side. Be on the side that receives money instead of the person who is always giving it away.
You can learn more about Robert Kiyosaki on Twitter.
Do you have any advice on how to increase your financial intelligence? Maybe you have read some great books or attended some great courses? If so please share them with the Needy Helper.