- Stop doing what you're doing.
- Look for new ideas.
- Find someone who has done what you want to do. Take them to lunch.
- Take classes and buy tapes.
- Make lots of offers. Someone might say "yes."
- Jog, walk or drive a certain area once a month for ten minutes. I have found some of my best real estate investments while jogging.
- Peter Lynch's book Beating the Street for his formula for selecting stocks that grow in value.
- Why consumers will always be poor.
- Look in the right places.
- I look for people who want to buy first, then I look for someone who wants to sell.
- Learn from history. All the big companies on the stock exchange started out as small companies.
- Action always beats inaction.
Showing posts with label Kiyosaki. Show all posts
Showing posts with label Kiyosaki. Show all posts
Thursday, December 27, 2007
Still Want More? Here are Some To Do's
- For those who want "to dos" on how to get started, I will share with you some of the things I do, in abbreviated form:
Getting Started
- Each of us has a financial genius within us. The problem is, our financial genius lies asleep, waiting to be called upon. It lies asleep because our culture has educated us into believing that the love of money is the root of all evil.
- I offer you the following ten steps as a process to develop your God-given powers:
- I offer you the following ten steps as a process to develop your God-given powers:
- I NEED A REASON GREATER THAN REALITY: The power of spirit. IF YOU DO NOT HAVE A STRONG REASON, THERE IS NO SENSE READING FURTHER. IT WILL SOUND LIKE TOO MUCH WORK.
- I CHOOSE DAILY: The power of choice. choice we all make daily, the choice of what we do with our time, our money and what we put in our heads. That is the power of choice. All of us have choice. I just choose to be rich, and I make that choice every day.
- INVEST FIRST IN EDUCATION: In reality, the only real asset you have is your mind, the most powerful tool we have dominion over.
- CHOOSE FRIENDS CAREFULLY: The power of association.
- MASTER A FORMULA AND THEN LEARN A NEW ONE: The power of learning quickly. In today's fast-changing world, it's not so much what you know anymore that counts, because often what you know is old. It is how fast you learn. That skill is priceless.
- PAY YOURSELF FIRST: The power of self-discipline. If you cannot get control of yourself, do not try to get rich. the lack of personal self-discipline that is the No. 1 delineating factor between the rich, the poor and the middle class.
- PAY YOUR BROKERS WELL: The power of good advice. The more money they make, the more money I make.
- BE AN "INDIAN GIVER": This is the power of getting something for nothing. The sophisticated investor's first question is, "How fast do I get my money back?".
- ASSETS BUY LUXURIES: The power of focus. Too often today, we focus to borrowing money to get the things we want instead of focusing on creating money.
- THE NEED FOR HEROES: The power of myth. Copying or emulating heroes is true power learning.heroes do more than simply inspire us. Heroes make things look easy. It's the making it look easy that convinces us to want to be just like them. "If they can do it, so can I."
- TEACH AND YOU SHALL RECEIVE: The power of giving. Whenever you feel "short" or in "need" of something, give what you want first and it will come back in buckets. That is true for money, a smile, love, friendship. "Poor people are more greedy than rich people." He would explain that if a person was rich, that person was providing something that other people wanted.
Overcoming Obstacles
- There are five main reasons why financially literate people may still not develop abundant asset columns:
- If you have any desire of being rich, you must focus. Put a lot of your eggs in a few baskets. Do not do what poor and middle class people do: put their few eggs in many baskets.
If you hate losing, play it safe. If losing makes you weak, play it safe. Go with balanced investments. If you're over 25 years old and are terrified of taking risks, don't change. Play it safe, but start early. Start accumulating your nest egg early because it will take time.
- Reason No. 2. Overcoming cynicism.
- Doubt is expensive. My point is that it's those doubts and cynicism that keep most people? poor and playing it safe. The real world is simply waiting for you to get rich. Only a person's doubts keep them poor. As I said, getting out of the rat race is technically easy.
- Cynics criticize, and winners analyze.
- Reason No. 3. Laziness.
- Busy people are often the most lazy. They stay busy as a way of avoiding something they do not want to face.
- The most common form of laziness. Laziness by staying busy.
- So what is the cure for laziness? The answer is a little greed.
- WII-FM: "What's In It-For Me?" A person needs to sit down and ask, "What's in it for me if I'm healthy, sexy and good looking?" Or "What would my life be like if I never had to work again?" Or "What would I do if I had all the money I needed?" Without that little greed, the desire to have something better, progress is not made.
- Reason No. 4. Habits. Our lives are a reflection of our habits more than our education.
- "I firmly believe in paying my bills on time. I just pay myself first. Before I pay even the government."
"But what happens if you don't have enough money?" I asked. "What do you do then?"
"The same," said rich dad. "I still pay myself first. Even if I'm short of money. My asset column is far more important to me than the government."
- The pressure to pay becomes my motivation, makes me work harder, forces me to think, and all in all makes me smarter and more active when it comes to money. If I had paid myself last, I would have felt no pressure, but I'd be broke.
- Reason No. 5. Arrogance. Arrogance is ego plus ignorance.
- What I know makes me money. What I don't know loses me money. Every time I have been arrogant, I have lost money. Because when I'm arrogant, I truly believe that what I don't know is not important.
- Fear.
- Cynicism.
- Laziness.
- Bad habits.
- Arrogance.
- If you have any desire of being rich, you must focus. Put a lot of your eggs in a few baskets. Do not do what poor and middle class people do: put their few eggs in many baskets.
If you hate losing, play it safe. If losing makes you weak, play it safe. Go with balanced investments. If you're over 25 years old and are terrified of taking risks, don't change. Play it safe, but start early. Start accumulating your nest egg early because it will take time.
- Reason No. 2. Overcoming cynicism.
- Doubt is expensive. My point is that it's those doubts and cynicism that keep most people? poor and playing it safe. The real world is simply waiting for you to get rich. Only a person's doubts keep them poor. As I said, getting out of the rat race is technically easy.
- Cynics criticize, and winners analyze.
- Reason No. 3. Laziness.
- Busy people are often the most lazy. They stay busy as a way of avoiding something they do not want to face.
- The most common form of laziness. Laziness by staying busy.
- So what is the cure for laziness? The answer is a little greed.
- WII-FM: "What's In It-For Me?" A person needs to sit down and ask, "What's in it for me if I'm healthy, sexy and good looking?" Or "What would my life be like if I never had to work again?" Or "What would I do if I had all the money I needed?" Without that little greed, the desire to have something better, progress is not made.
- Reason No. 4. Habits. Our lives are a reflection of our habits more than our education.
- "I firmly believe in paying my bills on time. I just pay myself first. Before I pay even the government."
"But what happens if you don't have enough money?" I asked. "What do you do then?"
"The same," said rich dad. "I still pay myself first. Even if I'm short of money. My asset column is far more important to me than the government."
- The pressure to pay becomes my motivation, makes me work harder, forces me to think, and all in all makes me smarter and more active when it comes to money. If I had paid myself last, I would have felt no pressure, but I'd be broke.
- Reason No. 5. Arrogance. Arrogance is ego plus ignorance.
- What I know makes me money. What I don't know loses me money. Every time I have been arrogant, I have lost money. Because when I'm arrogant, I truly believe that what I don't know is not important.
Lesson Six: Work to Learn - Don't Work for Money
- Most people need only to learn and master one more skill and their income would jump exponentially. I have mentioned before that financial intelligence is a synergy of accounting, investing, marketing and law. Combine those four technical skills and making money with money is easier. When it comes to money, the only skill most people know is to work hard.
- The value of learning to lead men into dangerous situations. "Leadership is what you need to learn next," he said. "If you're not a good leader, you'll get shot in the back, just like they do in business."
- I wonder, are workers looking into the future or just until their next paycheck, never questioning where they are headed?
- The world is filled with talented poor people. All too often, they're poor or struggle financially or earn less than they are capable of, not f because of what they know but because of what they do not know. They focus on perfecting their skills at building a better hamburger rather than the skills of selling and delivering the hamburger.
- The main management skills needed for success are:
- The value of learning to lead men into dangerous situations. "Leadership is what you need to learn next," he said. "If you're not a good leader, you'll get shot in the back, just like they do in business."
- I wonder, are workers looking into the future or just until their next paycheck, never questioning where they are headed?
- The world is filled with talented poor people. All too often, they're poor or struggle financially or earn less than they are capable of, not f because of what they know but because of what they do not know. They focus on perfecting their skills at building a better hamburger rather than the skills of selling and delivering the hamburger.
- The main management skills needed for success are:
- The management of cash flow
- The management of systems (including yourself and time with family).
- The management of people.
Lesson Five: The Rich Invent Money
- We all have tremendous potential, and we all are blessed with gifts. Yet, the one thing that holds all of us back is some degree of self-doubt. It is not so much the lack of technical information that holds us back, but more the lack of self-confidence. Some are more affected than others.
- It was excessive fear and self-doubt that were the greatest detractors of personal genius. Often in the real world, it's not the smart that get ahead but the bold.
- Your financial genius requires both technical knowledge as well as courage. If fear is too strong, the genius is suppressed.
- Land was wealth 300 years ago. Today, it is information. And the person who has the most timely information owns the wealth. The problem is, information flies all around the world at the speed of light.
- So why bother developing your financial IQ? No one can answer that but you. Yet, I can tell you why I myself do it. I do it because it is the most exciting time to be alive. I'd rather be welcoming change than dreading change. I'd rather be excited about making millions than worrying about not getting a raise.
- It was excessive fear and self-doubt that were the greatest detractors of personal genius. Often in the real world, it's not the smart that get ahead but the bold.
- Your financial genius requires both technical knowledge as well as courage. If fear is too strong, the genius is suppressed.
- Land was wealth 300 years ago. Today, it is information. And the person who has the most timely information owns the wealth. The problem is, information flies all around the world at the speed of light.
- So why bother developing your financial IQ? No one can answer that but you. Yet, I can tell you why I myself do it. I do it because it is the most exciting time to be alive. I'd rather be welcoming change than dreading change. I'd rather be excited about making millions than worrying about not getting a raise.
Lesson Four:The History of and The Power of Corporation
- The reason the middle class is so heavily taxed is because of the Robin Hood ideal. The real reality is that the rich are not taxed. It's the middle class who pays for the poor, especially the educated upper-income middle class.
- Idea of taxes was made popular, and accepted by the majority, by telling the poor and the middle class that taxes were created only to punish the rich. This is how the masses voted for the law, and it became constitutionally legal. Although it was intended to punish the rich, in reality it wound up punishing the very people who voted for it, the poor and middle class.
"Once government got a taste of money, the appetite grew".
- The problem is, the people who lose are the uninformed. The ones who get up every day and diligently go to work and pay taxes. If they only understood the way the rich play the game, they could play it too. Then, they would be on their way to their own financial independence. This is why I cringe every time I hear a parent advise their children to go to school, so they can find a safe, secure job. An employee with a safe, secure job, without financial aptitude, has no escape.
- You need to know the law and how the system works. If you're ignorant, it is easy to be bullied. If you know what you're talking about, you have a fighting chance. That is why he paid so much for smart tax accountants and attorneys. It was less expensive to pay them than pay the government.
- Financial IQ is made up of knowledge from four broad areas of expertise:
- Idea of taxes was made popular, and accepted by the majority, by telling the poor and the middle class that taxes were created only to punish the rich. This is how the masses voted for the law, and it became constitutionally legal. Although it was intended to punish the rich, in reality it wound up punishing the very people who voted for it, the poor and middle class.
"Once government got a taste of money, the appetite grew".
- The problem is, the people who lose are the uninformed. The ones who get up every day and diligently go to work and pay taxes. If they only understood the way the rich play the game, they could play it too. Then, they would be on their way to their own financial independence. This is why I cringe every time I hear a parent advise their children to go to school, so they can find a safe, secure job. An employee with a safe, secure job, without financial aptitude, has no escape.
- You need to know the law and how the system works. If you're ignorant, it is easy to be bullied. If you know what you're talking about, you have a fighting chance. That is why he paid so much for smart tax accountants and attorneys. It was less expensive to pay them than pay the government.
- Financial IQ is made up of knowledge from four broad areas of expertise:
- Accounting
- Anvesting
- Understanding markets
- The law: tax advantages and protection from lawsuits.
Lesson Three: Mind Your Own Business
- Most people work for everyone else but themselves. They work first for the owners of the company, then for the government through taxes, and finally for the bank that owns their mortgage.
- A problem with school is that you often become what you study. So if you study, say, cooking, you become a chef. If you study the law, you become an attorney, and a study of auto mechanics makes you a mechanic. The mistake in becoming what you study is that too many people forget to mind their own business. They spend their lives minding someone else's business and making that person rich.
- To become financially secure, a person needs to mind their own business. Your business revolves around your asset column, as opposed to your income column.
- In my world, real assets fall into several different categories:
success: Nine out of 10 companies fail in five years. So only if you really have the desire to own your own company do I recommend it. Otherwise, keep your daytime job and mind your own business.
- An important distinction is that rich people buy luxuries last, while the poor and middle class tend to buy luxuries first. The poor and the middle class often buy luxury items such as big houses, diamonds, furs, jewelry or boats because they want to look rich.
- The old-money people, the long-term rich, built their asset column first. Then, the income generated from the asset column bought their luxuries.
- A problem with school is that you often become what you study. So if you study, say, cooking, you become a chef. If you study the law, you become an attorney, and a study of auto mechanics makes you a mechanic. The mistake in becoming what you study is that too many people forget to mind their own business. They spend their lives minding someone else's business and making that person rich.
- To become financially secure, a person needs to mind their own business. Your business revolves around your asset column, as opposed to your income column.
- In my world, real assets fall into several different categories:
- Businesses that do not require my presence.
- Stocks.
- Bonds.
- Mutual funds.
- Income-generating real estate.
- Notes (lOUs).
- Royalties from intellectual property such as music, scripts, patents
- And anything else that has value, produces income or appreciates and has a ready market.
success: Nine out of 10 companies fail in five years. So only if you really have the desire to own your own company do I recommend it. Otherwise, keep your daytime job and mind your own business.
- An important distinction is that rich people buy luxuries last, while the poor and middle class tend to buy luxuries first. The poor and the middle class often buy luxury items such as big houses, diamonds, furs, jewelry or boats because they want to look rich.
- The old-money people, the long-term rich, built their asset column first. Then, the income generated from the asset column bought their luxuries.
Lesson Two: Why Teach Financial Literacy?
- 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.
- In the long run, it's not how much you make, it's how much you keep, and how many generations you keep it.
- If you want to be rich, you need to be financially literate.
- Kids graduate from school with virtually no financial foundation.
- Rule One. You must know the difference between an asset and a liability, and buy assets.
- An asset is something that puts money in my pocket.
- A liability is something that takes money out of my pocket.
- This is really all you need to know. If you want to be rich, simply spend your life buying assets. If you want to be poor or middle class, spend your life buying liabilities.
- The flaw in the thinking of so many people. The flaw is that money will solve all problems. That is why I cringe whenever 1 hear people ask me how to get rich quicker. Or where do they start? I often hear, "I'm in debt so I need lo make more money." But more money will often not solve the problem; in fact, it may actually accelerate the problem. Money often makes obvious our tragic human flaws. Money often puts a spotlight on what we do not know. That is why, all too often, a person who comes into a sudden windfall of cash-let's say an inheritance, a pay raise or lottery winnings-soon returns to the same financial mess, if not worse than the mess they were in before they received the money. Money only accentuates the cash flow pattern running in your head.
- 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.
- More money seldom solves someone's money problems. Intelligence solves problems.
- Many great financial problems are caused by going along with the crowd and trying to keep up with the Joneses. Occasionally, we all need to look in the mirror and be true to our inner wisdom rather than our fears.
- The main reason that most people say "Play it safe' is out of fear
- An intelligent person hires people who are more intelligent than they are.
- When it comes to money, high emotions tend to lower financial intelligence.
- I think a house is not a good investment:
through wages, and as their wages increase, so do their taxes. Their expenses tend to increase in
equal increments as their wages increase; hence the phrase "the rat race."
- This pattern of treating your home as an investment and the philosophy that a pay raise means you can buy a larger home or spend more is the foundation of today's debt-ridden society.
- The investment is not risky. It's the lack of simple financial intelligence, beginning with financial literacy, that causes the individual to be "too risky.
- As an employee who is also a homeowner, your working efforts are generally as follows:
- Have the excess cash flow from my assets reinvested into the asset column.
- Most people fail to realize that in life, it's not how much money you make, it's how much money you keep.
- In the long run, it's not how much you make, it's how much you keep, and how many generations you keep it.
- If you want to be rich, you need to be financially literate.
- Kids graduate from school with virtually no financial foundation.
- Rule One. You must know the difference between an asset and a liability, and buy assets.
- An asset is something that puts money in my pocket.
- A liability is something that takes money out of my pocket.
- This is really all you need to know. If you want to be rich, simply spend your life buying assets. If you want to be poor or middle class, spend your life buying liabilities.
- The flaw in the thinking of so many people. The flaw is that money will solve all problems. That is why I cringe whenever 1 hear people ask me how to get rich quicker. Or where do they start? I often hear, "I'm in debt so I need lo make more money." But more money will often not solve the problem; in fact, it may actually accelerate the problem. Money often makes obvious our tragic human flaws. Money often puts a spotlight on what we do not know. That is why, all too often, a person who comes into a sudden windfall of cash-let's say an inheritance, a pay raise or lottery winnings-soon returns to the same financial mess, if not worse than the mess they were in before they received the money. Money only accentuates the cash flow pattern running in your head.
- 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.
- More money seldom solves someone's money problems. Intelligence solves problems.
- Many great financial problems are caused by going along with the crowd and trying to keep up with the Joneses. Occasionally, we all need to look in the mirror and be true to our inner wisdom rather than our fears.
- The main reason that most people say "Play it safe' is out of fear
- An intelligent person hires people who are more intelligent than they are.
- When it comes to money, high emotions tend to lower financial intelligence.
- I think a house is not a good investment:
- When it comes to houses, I point out that most people work all their lives paying for a home they never own.
- Property taxes.
- Houses do not always go up in value.
- The greatest losses of all are those from missed opportunities. If all your money is tied up in your house, you may be forced to work harder because your money continues blowing out of the expense column, instead of adding to the asset column, the classic middle class cash flow pattern.
- Loss of time, during which other assets could have grown in value
- Loss of additional capital, which could have been invested instead of paying for high-maintenance expenses related directly to the home.
- Loss of education. Too often, people count their house, savings and retirement plan as all they have in their asset column. Because they have no money to invest, they simply do not invest. This costs them investment experience.
through wages, and as their wages increase, so do their taxes. Their expenses tend to increase in
equal increments as their wages increase; hence the phrase "the rat race."
- This pattern of treating your home as an investment and the philosophy that a pay raise means you can buy a larger home or spend more is the foundation of today's debt-ridden society.
- The investment is not risky. It's the lack of simple financial intelligence, beginning with financial literacy, that causes the individual to be "too risky.
- As an employee who is also a homeowner, your working efforts are generally as follows:
- You work for someone else. Making the owner, or the shareholders richer.
- You work for the government. By working harder, you simply increase the amount of taxes taken by the government.
- You work for the bank. After taxes, your next largest expense is usually your mortgage and credit card debt.
- Have the excess cash flow from my assets reinvested into the asset column.
Lesson One: The Rich Don't Work For Money
- The pivotal point of view that separated my rich dad from his employees and my poor dad: "The poor and the middle class work for money." "The rich have money work for them."
- It's easier to learn to work for money, especially if fear is your primary emotion when the subject of money is discussed.
- It's fear that keeps most people working at a job. The fear of not paying their bills. The fear of being fired. The fear of not having enough money. The fear of starting over. That's the price of studying to learn a profession or trade, and then working for money. Most people become a slave to money... and then get angry at their boss.
- The government always takes its share first. "Taxes," said rich dad. "You're taxed when you earn. You're taxed when you spend. You're taxed when you save. You're taxed when you die."
- "Most people have a price. And they have a price because of human emotions named fear and greed. First, the fear of being without money motivates us to work hard, and then once we get that paycheck, greed or desire starts us thinking about all the wonderful things money can buy. The pattern is then set."
"What pattern?" I asked.
"The pattern of get up, go to work, pay bills, get up, go to work, pay bills... Their lives are then run forever by two emotions, fear and greed. Offer them more money, and they continue the cycle by also increasing their spending. This is what I call the Rat Race."
- "If the fear of not having enough money arises, instead of immediately running out to get a job so they can earn a few bucks to kill the fear, they instead might ask themselves this question. `Will a job be the best solution to this fear over the long run?' In my opinion, the answer is `no.' Especially when you look over a person's lifetime. A job is really a short-term solution to a long-term problem."
- Choosing what we think rather than reacting to our emotions. Instead of just getting up and going to work to solve your problems, just because the fear of not having the money to pay your bills is scaring you. Thinking would be taking the time to ask yourself a question. A question like, `Is working harder at this the best solution to this problem?' Most people are so terrified at not telling themselves the truth-that fear is in control-that they cannot think, and instead run out the door.
- "Keep working boys, but the sooner you forget about needing a paycheck, the easier your adult life will be. Keep using your brain, work for free, and soon your mind will show you ways of making money far beyond what I could ever pay you. You will see things that other people never see. Opportunities right in front of their noses. Most people never see these opportunities because they're looking for money and security, so that's all they get. The moment you see one opportunity, you will see them for the rest of your life.
- It's easier to learn to work for money, especially if fear is your primary emotion when the subject of money is discussed.
- It's fear that keeps most people working at a job. The fear of not paying their bills. The fear of being fired. The fear of not having enough money. The fear of starting over. That's the price of studying to learn a profession or trade, and then working for money. Most people become a slave to money... and then get angry at their boss.
- The government always takes its share first. "Taxes," said rich dad. "You're taxed when you earn. You're taxed when you spend. You're taxed when you save. You're taxed when you die."
- "Most people have a price. And they have a price because of human emotions named fear and greed. First, the fear of being without money motivates us to work hard, and then once we get that paycheck, greed or desire starts us thinking about all the wonderful things money can buy. The pattern is then set."
"What pattern?" I asked.
"The pattern of get up, go to work, pay bills, get up, go to work, pay bills... Their lives are then run forever by two emotions, fear and greed. Offer them more money, and they continue the cycle by also increasing their spending. This is what I call the Rat Race."
- "If the fear of not having enough money arises, instead of immediately running out to get a job so they can earn a few bucks to kill the fear, they instead might ask themselves this question. `Will a job be the best solution to this fear over the long run?' In my opinion, the answer is `no.' Especially when you look over a person's lifetime. A job is really a short-term solution to a long-term problem."
- Choosing what we think rather than reacting to our emotions. Instead of just getting up and going to work to solve your problems, just because the fear of not having the money to pay your bills is scaring you. Thinking would be taking the time to ask yourself a question. A question like, `Is working harder at this the best solution to this problem?' Most people are so terrified at not telling themselves the truth-that fear is in control-that they cannot think, and instead run out the door.
- "Keep working boys, but the sooner you forget about needing a paycheck, the easier your adult life will be. Keep using your brain, work for free, and soon your mind will show you ways of making money far beyond what I could ever pay you. You will see things that other people never see. Opportunities right in front of their noses. Most people never see these opportunities because they're looking for money and security, so that's all they get. The moment you see one opportunity, you will see them for the rest of your life.
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.
- 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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