Discussion

As you said, the 401k, keogs or any other investmet inpose by the government on us. It is just another way of us giving them our money and by them I mean the rich.

I agree that money is important. I would even say that the statement is an absolute truth. The statement can not be argued away...money is important. so the idea that truth is relevant is obsolete.

This section of the book opens with the idea that "Money is not important" is an obsolete idea. I agree. But from there, to the point where you want my opinions on obsolete ideas presented, I see no other obsolete ideas.

I can infer from the text that the employer as a source of financial security is an obsolete idea, but you may want to state that more clearly.

I can also infer from previous readings here that the addage of "get an education" and "get a good job" are becoming obsolete too. Although I feel that the majority will need to start there and work their way out of the web. The problem is avoiding the web.

Grades they dont prove how smart someone is. For example I figured out in sixth grade that I dont have to do all this work since I just wanted to pass. So I half assed school and I still find myself so much smarter than any of the kids in my class that got A's while I got D's. And it did make some of the kids mad that they work there hardest just to get the same thing I will get before them.

You are stimulating my thinking about what I heard growing up, aside from "Money is not important". Here are 2 more that come to mind. 1. Home ownership and the larger the house the better off you are. This idea may not be obsolete but should be. I know so many people spending everything they earn to pay mortgages, maintenance and taxes on houses that they don't need. Is also a key factor in the sub-prime problem.
2. Owning your own business was considered too risky. Better to work for the government (first choice) or a very large corporation. How many of us heard derogatory remarks about sales people - a key function in business ownership and one of the first skills small business owners need to learn.

Well if we look at our antiquated educational system that stifles creative thinking and breeds mediocrity. Now a days in many schools
they have metal detectors or police in the schools. What kind of environment is that for learning. And the accepted norm is that we use only 5% or 10% of our mental capacity. Fortunetly some new solutions are happening consciousness-based education has been implemented in about 25 schools nationwide. With about 100 schools on a waiting list to implement it as the funding becomes available.
In CBE schools some of the benefits are violence and rebellion start
to decrease immediately, teacher burnout goes way down overall quality of education improves. See http://www.davidlynchfoundation.org/

Reading Ayn Rand taught me not to live for another man, but for my self. It is ok to reap your own rewards in life from your own hard work and become a trader with your gifts. Charity is another thing.

It appears that you cover the basics adequately without adding details which can be books themselves.

Robert, I think you pretty much covered the basic principles of money throughout man's timeline. It was very direct and concise while still able to create a mental picture of usage.

One suggestion I would make about the Industrial Age is that I wouldn't say that "money wasn't important" during this era. I'm certain that the generation that experienced the Great Depression of the '30s would disagree with this statement. The main reason why they were so depressed was because they had no money! It WAS important to them for the survival of their families and were willing to risk much to get it, sometimes even their lives. Anyone willing to risk that much for a thing, it must carry some weight of importance.

A better way to state the idea of money in this era might be to say that "money began growing in importance, but was still not a high priority for the security of their futures due to guaranteed salaries and pensions" or something to that nature.

I only see one idea in this section: money is not important.
You've already covered several ideas; saving money, relying on pensions. This may be a good spot to reiterate why your house is not an asset.