Are we training them to be employees or entrepreneurs? Are we teaching them to climb or build corporate ladders?
follow site And are we showing them how to work for money or have money work for them? Kiyosaki says we need to stop telling our kids to go to school to get a good job.
The focus should be on going to school to learn how to create high-paying jobs. True capitalists are entrepreneurs.
They fundamentally believe that the more people they serve, the more effective they become. They risk everything to launch companies, create jobs and build prosperity. Give your kids a head start and unfair advantage with a solid financial education at home, says Kiyosaki.
Prepare them for the real world of money where financial statements matter far more than report cards. Make income, expenses, assets and liabilities the foundation of their financial vocabulary. Drive home the importance of building assets that put money into their pockets. And foster their entrepreneurial spirit.
You are commenting using your WordPress. You are commenting using your Google account. You are commenting using your Twitter account. You are commenting using your Facebook account. Notify me of new comments via email.
Notify me of new posts via email. Did you know you can write your own about section just like this one? It's really easy. Books, Audiobooks and Summaries. With competition skyrocketing in recent years, and jobs migrating to other countries, Americans have to understand finances before embarking on an arduous journey. It teaches the young generation how to overcome the struggle to find decent work in an overly ambitious and combative workforce.
Kiyosaki is an American businessman and an author who has shed light on why having the best grades is not sufficient for success. School and education overall, sometimes fail to recognize the potential in some kids, case in point, Albert Einstein and Thomas Edison. Nonetheless, they came out of the woodwork years later and revolutionized the world with their great inventions.
In the Presidential Election, Obama vs. Mitt Romney, you can clearly see why finances taught at home matter so much. Many were infuriated, but it clearly can be attributed to the dexterity in finance, and lessons taught at home. The lesson is — give your kids a head start by teaching them how to manage their finance to prevent them from squandering the hard-earned dollar.
Upon the mortgage market collapse in , many young adults with college degrees had literally zero chance to find the high-paying six-figure job of their dreams. Meanwhile, education became even more expensive, and thousands of students were swimming in debt upon graduation.
Why do we keep pressuring our kids to get a degree, when jobs are moving to low-wage countries? Why would anyone hire an American accountant, when you can simply outsource the work and get a much lower price? Robert asserts that education is key, but he harbors suspicions about the learning curve which seems to decline with each generation. When Robert was just a boy, he would occasionally skip the chores to play Monopoly for hours after school.
His dad would then come along, and tell him to stop wasting his time. Between the age of , he would go to the Rich Dad house and learn the process of running a business firsthand.
I'm doubtful it will undo anything you learned in school, nor make you regret …more It's an excellent book for anyone interested in entrepreneurialism. Uh-oh, it looks like your Internet Explorer is out of date. This book doesn't teach about cheating and stuff like that but teaching about investing on things that will caused you to pay lesser tax; also exposing views of the world from different perspectives of people from different quadrants. Jan 04, Stanley Lee rated it liked it. USD
The endless stream of knowledge he received from being involved in the real deal from an early age, gave him the edge in real life. The Poor Dad his father wanted the safe path instigated through college, salary, security, pension, medical benefits, etc.
Now you understand why so many people are graduating from college. The standards are lowered to the degree that almost any young kid who has no clue about his future can just sign the papers without understanding the financial burden of such actions. You cannot help but notice that parents, and people in general, try to protect their children from the harsh reality of today.
'A' students are used to knowing 'everything they need to know'. When they are in a situation without full information, they become fearful, and retreat into. Why A Students Work for C Students and B Students Work for the Government book. Read reviews from the world's largest community for readers. Ki.
As the world progresses, new expenses and liabilities will incur, leading to even greater uncertainty. Quadrant E — Employees represent the majority of the workforce, and are mainly those who strive for higher paychecks. Quadrant I — Active investors such as Warren Buffett.