Thursday, December 27, 2007

Rich Dad, Poor Dad. Introduction: There is a Need

- Does school prepare children for the real world?

- Getting a good education and making good grades no longer ensures success, and nobody seems to have noticed, except our children.

- Without financial literacy and the knowledge of how money works, they are not prepared to face the world that awaits them, a world in which spending is emphasized over savings.

- "There are rules of money that the rich play by, and there are the rules that the other 95 percent of the population plays by," he said. "And the 95 percent learns those rules at home and in school. That is why it's risky today to simply say to a child, `Study hard and look for a job.' A child today needs a more sophisticated education, and the current system is not delivering the goods.

- Truthfully, the ideas in this book are probably too far fetched and radical for most parents today.

- We have two fundamental choices: play it safe or play it smart by preparing, getting educated and awakening your own and your children's financial genius.

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