BANGALORE: Saving money and investing it for a secured future is an important goal for leading a successful life. Thus taking tips from financial experts and following them helps most of the poor and middle class people to save an extra buck. According to the American businessman and financial expert Robert Toru Kiyosaki, there are some easy ways to take control of one’s finance thus let us look at six of his views as compiled by Business Insider.

It's not how much money you make, its how much money you keep

Most of us wander for a fancy paying job so that we can be financially secured. But for some people there will not be any betterment in the financial state even though they have a good income. This happens due to the lack of financial intelligence through which one learns how to manage their money.

The major point is not to spend more than what you earn.  One should plan their finance according to their income and then improvise their skills in order to save some money for the future. Kiyosaki says "Money without financial intelligence is money soon gone," states Kiyosaki.

The poor and the middle class work for money; the rich have money work for them

There are different aspects of earning money which completely depend on your current financial status. If you are hailing from a poor or middle class background, then you work for money so that you can pay your bills. But the rich people do have the advantage of making money work for them.

When you work for money then you will be paid a steady salary or hourly rate but the people who make money work for them, they invest their money in to stock options, business or profit sharing. But working for money seems to be a much safer way than making the money work for you since it involves certain calculated risks.

It's not the smart that get ahead, but the bold

In the current scenario the competition in the market is not only related to academics and technical intelligence. The employers prefer employees who are multi talented and who can multi task in a given situation. Along with the right education as well as ability to analyze the situations and capability of quick decision making also become an important process to become success.

 The people who make their money work for them should be willing to take calculated risks since it helps them to accumulate wealth. Thus Kiyosaki states that, "managing" risk is important.  Blind risk won't get you anywhere, but intelligent risk in your which education and experience play a key role is the mother of reward.

The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth

The most important asset for anyone is their mind; it can help you make important decisions which might earn you more money. Normally rich people seem to be pretty much successful in making such decisions since their creative solutions can put through by their money.

They make use of their financial intelligence in most effective ways because they have more options. If opportunities are not coming in your way then you are responsible for thinking the reason behind it and chase the opportunities. Kiyosaki also adds “It is not so much what happens, but how many different financial solutions you can think of to turn a lemon into millions."

The rich focus on their asset columns while everyone else focuses on their income statements

A person’s wealth depends on the assets but liabilities will only pull you back from being rich. Thus a rich person counts his wealth by calculating the assets and net worth. While a poor or middle class employee is stuck with the liabilities.

Thus adding on things which will have a great value such as stocks, bonds, own company and other properties are your assets. Mortgages, consumer loans and credit cards are counted under liabilities. The important lesson to learn is ‘Put your money in your pocket’. 

People who avoid failure also avoid success

The major lesson of all is that ‘Failure is part of the process of success’. The people who are afraid of failing never stand a chance to be successful. Taking calculated risks, making mistakes and then learning from it and making the way to top is the only Mantra to be successful in life.

Success is a long term goal thus making is permanent is also important. He states that "We learn to walk by falling down. If we never fell down, we would never walk. The same is true for learning to ride a bike the same is true for getting rich”.

Read More: Developing a Portfolio of Investment Activities for 2015

Sensex Provisionally Closes In The Red