Financial IQ 101 

The best starting point in your journey towards financial success is with yourself when you develop a strong financial IQ. By reading the recommended books below you will increase financial IQ on your journey to becoming a sophisticated investor.

The Richest Man in Babylon by George S. Clason

Rich Dad Poor Dad by Robert T. Kiyosaki

This is the book that reveals the secret to personal wealth. Save at least 10 percent of everything you earn and do not confuse your necessary expenses with your desires. Work hard to improve your skills and ensure a future income because wealth is the result of a reliable income stream. Here are 3 lessons that you can apply right now to start building wealth:

1. Live below your means.
2. Learn how to be lucky.
3. Pay down your debt.

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1. Rich Dad Poor Dad is about Robert Kiyosaki and his two dads his real father (poor dad) and the father of his best friend (rich dad) and the ways in which both men shaped his thoughts about money and investing.
2. You don’t need to earn a high income to be rich.
3. Rich people make money work for them. 

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Who Moved My Cheese by Spencer Johnson and Kenneth Blanchard

The 50th Law by 50 Cent and Robert Greene

The book tells a parable about two little people and two mice in a maze, searching for cheese, where each character represents a different attitude towards change, with cheese being what we consider success. Here are 3 lessons about cheese and what you should do when someone moves yours:

1. Thinking too much about your cheese might paralyze you, so just start looking.
2.  Nothing lasts forever, so keep your eyes open for approaching changes.
3. There’s always new cheese to be found, and the minute you start moving things will get better.

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The idea of fearlessness is essential for individual success outside of a traditional path, and even within it.

• If you can master fearlessness and take control of your own destiny, there is no limit on what you can accomplish.
• Our fears are a kind of prison that confines you within a limited range of action.
• The less you fear, the more power you will have and the more fully you will live

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Security Analysis by Benjamin Graham and David Dodd

Security analysis is a process of deciding which securities would be good investments.What is a sound investment anyway?

1. An investment which keeps the principal safe.
2.  An investment which that delivers a return.

Any kind of investment that does not meet these two conditions is not an investment, but speculation.

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