The first step to one's financial education would be a change in the mindset. Start thinking like the rich if you want to be rich. Below are some quotes from Rich Dad, Poor Dad by Robert Kiyosaki. Can you start to see the differences between Poor Dad's mindset and Rich Dad's?
- "The love of money is the root of all evil."
- "The lack of money is the root of all evil."
- "I can't afford it." (sign of mental laziness)
- "How can I afford it?"
- "The rich should pay more in taxes to take care of those less fortunate."
- "Taxes punish those who produce and reward those who don't produce."
- "Study hard so you can find a good company to work for."
- "Study hard so you can find a good company to buy."
- "The reason I'm not rich is because I have you kids."
- "The reason I must be rich is because I have you kids."
- One encouraged talking about money and business at the dinner table.
- The other forbade the subject of money to be discussed over a meal.
- "When it comes to money, play it safe, don't take risks."
- "Learn to manage risk."
- "Our home is our largest investment and our greatest asset."
- "My house is a liability, and if your house is your largest investment, you're in trouble."
- One dad pays his bills first
- The other dad pays his bills last
- One dad believes in the company/government protecting you, raises, benefits, retirement plans, sick leaves, vacation days, life-long job protection, tenure systems...etc
- The other believes in total financial self reliance. Thinks the "entitlement" mindset only creates weak and financially needy people.
- Lesson #1 The Rich Don't Work for Money
- Lesson #2 Why Teach Financial Literacy?
- Lesson #3 Mind Your own Business
- Lesson #4 The History of Taxes and the Power of Corporations
- Lesson #5 The Rich Invent Money
- Lesson #6 Work to Learn Don't Work for Money
