One
of the reasons the rich get richer, the poor get poorer, and the middle class
struggles in debt is
because
the subject of money is taught at home, not in school. Most of us learn about
money from
our
parents. So what can a poor parent tell their child about money? They simply
say "Stay in school
and
study hard." The child may graduate with excellent grades but with a poor
person's financial
programming
and mind-set which was learned while the child was young.
Money
is not taught in schools. Schools focus on scholastic and professional skills,
but not on
financial
skills. This explains how smart bankers, doctors and accountants who earned
excellent
grades
in school may still struggle financially all of their lives. Our staggering
national debt is due in
large
part to highly educated politicians and government officials making financial
decisions with
little
or no training on the subject of money.
Because
students leave school without financial skills, millions of educated people
pursue their
profession
successfully, but later find themselves struggling financially. They work
harder, but don't
get
ahead. What is missing from their education is not how to make money, but how
to spend
money-what
to do after you make it. It's called financial aptitude-what you do with the
money once
you
make it, how to keep people from taking it from you, how long you keep it, and
how hard that
money
works for you. Most people cannot tell why they struggle financially because
they don't
understand
cash flow. A person can be highly educated, professionally successful and
financially
illiterate.
These people often work harder than they need to because they learned how to
work hard,
but
not how to have their money work for them.
Money
is one form of power. But what is more powerful is financial education.
Money comes and goes,
but
if you have the education about how money works,
you
gain power over it and can begin building wealth. The reason positive thinking
alone does not work is
because
most people went to school and never learned how money works, so they spend
their lives working for money.
I
am concerned that too many people are focused too much on money and not their
greatest wealth, which is their education.
If
people are prepared to be flexible, keep an open mind and learn, they will grow
richer and richer through the changes. If they think
money
will solve problems, I am afraid those people will have a rough ride.
Intelligence solves
problems
and produces money. Money without financial intelligence is money soon gone.
Most
people fail to realize that in life, it's not how much money you make, it's how
much money you
keep.
We have all heard stories of lottery winners who are poor, then suddenly rich,
then poor again.
They
win millions and are soon back to where they started. Or stories of
professional athletes, who,
at
the age of 24, are earning millions of dollars a year, and are sleeping under a
bridge by age 34.
This is chapter 3 of the book
Rich Dad Poor Dad By Robert Kiyosaki. Find it and read more
The
one and only rule to getting rich is: You must know the difference between an
asset and a liability, and buy assets.
If
you want to be rich, this is all you need to know. It is Rule No. 1. It is the
only rule. This may sound
absurdly
simple, but most people have no idea how profound this rule is. Most people
struggle
financially because they do not know the difference
between……………. Find the book and read more
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