“Intelligence solves problems and produces money, but money without financial intelligence is money soon gone.”
By Robert Kiyosaki in his book Rich Dad Poor Dad
What is the difference between having intelligence and having financial intelligence?
One helps you make money whereas the other helps you keep that money.
A financially intelligent person earning 60,000 per month is better off, as compared to a person who earns 1,50,000 per month possessing no financial intelligence whatsoever.
Odds are, the person earning less will still be able to save some whereas the person earning more is likely to burn through it all.
That’s the role financial literacy plays.
I used to earn 3,000 per month.
Then 5,000 then 7,000.
I’m at 13,000 right now.
And i have exactly 0 in my savings account.
I used my intelligence to make that money, but due to a lack of financial literacy i ended up spending every last penny and god knows where it went?
I mean sure, a major chunk went to Zomato, but still.
Kids, don’t be like me.