Cops Alive | Careers, stress and health - survival

I think if you look at the economy of the United States right now you can see that many people are having financial difficulties but I’m not sure that’s restricted to just the United States. I would also suggest that if you look at cops as a population that we as a whole don’t manage our money very well, maybe worse than the rest of the population

Let me suggest some reading for you to consider. Rich Dad, Poor Dad written a few years ago by Robert T. Kiyosaki and Sharon L. Lechter is an excellent read and certainly something most cops should read. Especially helpful is the description of assets v.s. liabilities. Rich Dad told Robert that, simply put, an asset puts money into your pocket and a liability takes money out of your pocket. This very subtle description can make a world of difference if you understand it

Since the success of Rich Dad, Poor Dad Robert and his wife Kim have embarked upon a quest to educate the world about financial management and they are stressing that we should change our educational system and teach our children more about financial planning

You should also consider other of their books: The Cash Flow Quadrant which asks you to consider if you are or want to be an employee, self employed, a business owner or an investor and what the differences are.

Continue your explorations with Rich Dad’s Guide to Investing where you will explore the many facets of investing. These books are not How To books but rather they give you information and challenge you to explore and learn for yourself.

Finally, consider reading Robert’s newest book Improving Your Financial IQ to wrap it all up. So, what’s your financial IQ and what are you doing to improve it?