very good ,that is very good

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All this is great information, but what is the point if oyu do not do anything with the information? Robert is a good source for information - granted. Do something with it and you will see the results. If you would also like ot learn about money in a diffrent and sometimes easier way go to www.HowMoneyReallyWorks.com The book that is on there is a great resourse for understanding money for people looking ot better themselves.

very good

My level of financial education goes as far as rich dad poor dad, the cash flow quadrant, cash flow 101, and that pretty much sums it up. Rich Dad Education has been expanding my mind and understanding of the financial IQ. I have a B.A. in the area of Communication Studies and i attended college in Bloomsburg, Pa. I really have no idea if there are any schools teaching let alone doing a good job on the topic of financial education. What i can say is that this should be taught on all educational levels and not made voluntary but mandatory for all.

I'm living Thailand and went through Thai school system. I can say that in high school we never learned about finance at all. our school just focuses on Maths and sciences. I've started to learn financial subject when I'm in college in my third year and finance is not the main subject of our education. It's good that they teach about finance and stuff but it's just a basic theory. In practice I have no idea how it actually works. I only learn the basic about finance since we're not majoring in finance. I think finance is not much emphasized here but I want to learn more about it. That's why I bought your book "Rich Dad guide to investing" I'm very interested in it now. I'll be your next fan.

My daughter is in her fourth year of college and I remember when she graduated high school and began college she said to me that high school does NOT at all prepare you for "real life". It does not teach you about mortgages, car loans, balancing check books, credit cards, interest, saving for retirement, how the money system really works - NOTHING. She knows all of this and more because I've taught her since she was small about credit cards, having as little debt as possible, ALWAYS pay your bills on time or sooner (a good credit score can help you in many ways - employment, insurance rates, etc.). I was never taught any of this and learned the hard way.........

Friends, if there are any typos, I apologize. I usually edit my work.

Hi Robert,

[Quote][Page 1] Tell me about the level of financial education including in your schooling and note what part of the country or the world in which you attended school. Does anyone think there are schools out there which are actually doing a good job teaching this incredibly important subject to its students?[/Quote]

I come from Malaysia, and have a degree in Mechanical Manufacturing at the age of 25 yrs old. Starting in primary school, secondary school until degree, there's no sufficient financial education I received in my schooling. Everything treated the students to become an employee. (Adaption of Prussian system as you mention in your previous book)..

In 2007, your bestseller 'Rich Dad Poor Dad' inspired & guide my path for my financial freedom.. Because since 5 years old.. I have been guide and teach by my beloved father to invent my own toys, my own robots & etc.. Thomas Alva Edison inspired me most.. But the problem is, I just have invention thinking.. but no business thinking..

After graduation, I took 3 month training in ICT.. and finally working as a MES engineer for 2 years. Due to economic depression, sad to say the factory I worked close and move to China.. Then I start develop & running my own IT company, hire outsource, buy/rebrand/develop software, marketing.. etc.. But the company collapsed.. (I believe I didn't meet the right mentor at B&I Quadrant, and due to my weaknesses of financial & business foundation)..

Then I start seeking other job.. as a street salespeople.. go to street to improve my communication skills ( change my natural introvert behaviour).. Try to be a Golden Retriever or Pitt Bull.. Selling things that people wont ager to buy.. Trial & error, etc.. And at the same time learn other 'business system' through the company I worked..

At the time i'm writing now, I have no money (just to eat and survive for a few weeks).. I try to dig financial information that align through this economic downturn and at least 5 years forward.. I'm even selling a recycle cans & tins just to survie from my income statement..!

Personally, your valuable financial information are worth than money itself!

Thanks again..

p/s: I believed Chinese school system eg. Singapore doing a good job teaching the important subject to their students.

I have been a student, raised three teenagers, and have been a subtitute teacher in every grade level and subject for 25 years. I have seen every kind of student, every teaching style, and every kind of classroom. I tutuored my oldest all the way through school to graduation.I know the curriculum. I, myself attended 16 different schools in several different states as a child and teenager. Among the schools, were four high schools in various states. I have no recollection of ever studying anything as simple as writing a check.

It became clear to me many years ago that advancing students through to the 12th grade is like shoving cattle through the gates into the slaughter house. School is primarily a place to teach students to behave, follow rules, kill their creativity, and become good boys and girls as employees. Nothing could emphasize this more than the tv show "The Office". It is popular because most everyone can see themselves in the characters.

One teacher, who "taught" finance in an alternative high school, was filled with regret over not purchasing stock in the Disney company many years ago when he had had a chance. He had purchased only one which he showed to the class many times.He did not rely on his gut and regretted it every day of his life.

My husband and I learned that being a good boy or girl employee is not a good thing.Because even good children get "spanked" and loose their jobs.

Because my husband is a master electrician and tremendous "people person", we started our own small electrical business. N0, it isn't easy. It is amazing how the game changes when you go from employee to small business owner.

While our children's friends are going off to Hofstra to get worked over by liberal professors and dig a financial hole they may never get out of. We have encouraged our children to learn a skill or trade- something that someone can't take from you- like nursing or plumbing,something that has real value and is useful. Something they could use to start their own business with. Our young twenty- something son is studying auto mechanics.

We have all seen what fancy pants liberal arts majors from Haaaaaaavard have done to our economy and country. There is a deep crevice between an overkill poltical education and common sense. Fancy degrees don't equate to financial smarts and common sense. The game has always been about the few blessed at the top while the plebians at the bottom work and I quote, "go to school, get a job, save money, throw it away in a retirement fund...".

Very few people ever attain Kohlberg's highest moral stage. Mr Kiyosaki, you sir, are there.

Robert Kiyosaki, I love you. You learn me two things: English and Money. Thanks again. You can, let's go!

I went to school in Pennsylvania and during my sophomore year, we had a financial class one day a week with my social studies teacher. She had gotten some thin pamphlets/ workbooks so we could learn about writing checks, balancing the register and saving money. That was about 30 years ago. Since then, nothing. Except for the school of hard knocks. The only reason I know something about finances or accounting is because my husband has to take those classes for college. Otherwise, nothing. I read a few years ago where some elementary schools in New York were teaching the kids about banking, but haven't seen anything since. I guess those in the know want to keep everyone else in the dark so we don't really see what's about to happen.

Hello Everybody,

A most interesting read Mr. Kiyosaki. My financial education was the following:

1. Balancing a check-book.
2. A mother that declared bankruptcy.
3. Get a job and stay with the same company.

Not much of a financial education. What security is there in working for a company? The most useful lesson for me was learning about bankruptcy!
What financial education was included in my schooling? none
What part of the country did I attend school? Detroit & Livonia MI.
If there are schools doing a good job of teaching financial literacy I don't know about them.

In conclusion, thank you Mr. Kiyosaki for sharing your insightful knowledge with us.

Sir I admire your work but just a suggestion, Stop complaining about the school system and do something about it create a curriculum that will focus mainly on financial literacy. I know if a lot off inner city kids had the chance to learn this at early ages you would have more success stories.

Hello Dear ROBERT and KIM

Is my first time here.Iam attending your forums as I cant log at RICH WOMAN forums.
I am 55 years old woman. I am DENTIST . I still work for money. I wish i could met you a long time ago when i was doing a lot of money.
Well as I always say to myself I can begin again and be sucessful now!
I never had Financial Education at Schools althoug I had studied in private and good schools. My father as an account man always was trying to make us to save money without success because i was very rebel I only wanted to do things of my mind although I was wrong almost all the time.

Anyway now I reconize my error and i would like very much to take your advices and follow them.
Do you think is very different our economy ( BRAZIL ) from American economy??

I am very happy to meet you thank you so much i hope i could have time to become rich !!

How can a DENTIST be more free financially to travel to enjoy life more.I work part time at office and other part time at an Health Company as an DEntist emploee.I work all week every day!!
HELP me!!

Have a nice Day whith your family!
I am looking foward to understanding and praticing all your lessons for good!
THANK YOU!
Maria de Fatima from Brazil

In Nigeria, ignorance of money is still part of our mis-education policy except at the church-owned Covenant University which has entrepreneurial studies as part of its curriculum.

I am wondering about the comment "the Lack of knowledge about money being the root of all evil". I would like you to consider another view and that is "the lack of education or knowledge about true security is the root of all evil". Money is a significant part of that but it encompasses many more aspects of our lives and our happiness. That is why we go to school and get a good job and expect to have security for the rest of our lives. When we loose our jobs, yes money becomes an immediate issue but so do so many other aspects - safety of our family, food for our family.

Scrivo dall'Italia,ho 42 anni, con la scuola ho concluso tanti,
tanti anni fà, ma da quando ho letto Rich Dad, ho visto quanto
devo imparare.Nelle nostre scuole, con la storia, siamo arrivati
col programma fino alla seconda guerra mondiale.Conosco ragazzi
di 20 anni che sono usciti dalle scuole. Sapete fino a dove è
arrivato il loro programma di storia?
Poi vogliamo imparare ad usare i soldi?
Tanti,ma tanti complimenti per i libri e per www.rich.dad

Hi Sir,

In the Philippines, i cant remember anything that we were taught something with regard to money, only fund raising when we have small projects by selling old newspapers and empty oil bottles, that is why at my age of 25 when i started small business and made it relatively growing now that im 33, i found myself in financial mess because of too many bad debts, if only my school when i was young taught me the things you are teaching in your books that i had read and still reading (Rich dad poor dad, cashflow quadrant, guide to investing, and now im currently reading retire young retire rich), i'm surely not caught of where i am now, but still, thanks to your books, and thanks for advising to read Think and Grow Rich by Napoleon Hill, i am now focused on what should i do in eliminating as fast as i can my bad debts, and start building assets using good debts, good luck to me. Thank you.

Robert,

I need to add the fact that I can read a balance sheet thanks to MBA-level managerial accounting course. Between this and my Dad's advice, I've been able to pick stocks pretty well.

The interesting thing is that I find there are 10% of people you run into that are generally well outside the normal thinking patterns of society. That is to say that 10% of the people you and I run into are off the charts "wacko" and permanently "contrarian" in their views. Since I lived through the 70s and even bought a couple of ounces of silver during this time (at a very young age), I have been societally trained to view "gold bugs" or numatismists as nut jobs. Even a stopped clock is right twice a day, right?

It appears our "clock" is about to stop. The question is: WHEN is the right time to trade precious metals for currency in order to use that currency BEFORE IT DEVALUES TOO MUCH to purchase other items (food, fuel, medical supplies, transportation, defenses, land, etc)? What are the observable indicators of this market switchpoint?

Rock on!
~M

Primary school - filling out checks and balancing checkbook.

Secondary school - I don't remember much financial education at all at this level.

College - mixture of liberal and conservative economics professors for two or three economics courses.

My father is a financial advisor. He and I have spent days as a measurement of total time discussing investments, and the differences among income, retirement and wealth. He bought me "Rich Dad, Poor Dad" several years ago, and I never read it. I'm paying attention now.

In the UK the only education on money I received was how to fill out a cheque!! I am 41 years old and I don't think they even teach that now as the cheque is a dinosaur way of making a payment to someone.
I'd like to see a full education program on money, especially on debt and the difference between good and bad debt. I feel that as long as you have a society in the west that requires a work force or employees, education on money will always be limited.

I have had college courses on accounting, business, and marketing; but the basics that are necessary were not taught in elementary, junior high, or high school classes. They don't instruct students on the subjects that are needed for life long success and this is no oversight. I grew up in the South Central area of Watts, CA, just outside of Los Angeles. The plan is always to keep others down.

No I donot think there is no education on finances in the school.You are always told to get an education and find a job.That is the thing you hear most.Barbados is my hometown

Dear Robert,

My answer to your question if there are "schools out there which are actually doing a good job teaching this incredibly important subject to its students?"

I think has been a resounding no for at least up to the last decade or so.

It's been a great shame that education has not been linked to practice - in fact, none of the subjects taught did this. My thoughts to - is ignorance of money evil? -

is that because money is closely linked, or could be easily linked to greed, and most civilised citizens do not think of greed as a virtue to be proud of.

I think the tradition has always been parents discouraging their children to understand about money before their immature brains get up to scratch about the "good" virtues of sacrifice, service, honesty and so on.

I wonder if it would be better if the children are taught as to the value of their achievement rather than the value of money

because if we really go to the roots of money, it is something to barter things with. In this same way the children could then understand the value of what they possess or can possess. Will this nullify the development of the concept or idea of greed? - I'm not certain.

I'd like to thank you for pioneering this debate of teaching the link from education to practicality and real life. But I'd also like to suggest that these ideas be taught with caution especially to immature brains. We do try to make our children become adults too soon - with all good intentions and purposes and out of the love of our parental hearts. However are we satisfying our desires and anxieties for them over and above for the good of them?

I think our society has changed, exponentially over the past 1 or 2 decades with information at our fingertips and with that change of our values too. We do need to take account of this when we educate youngsters. The last thing we'd want is another Nick Leeson or another Benard Madoff.

So when

do we educate children about money or bartering or the value of possessions and

how ?

This should be our big debate.

I come from Croatia where I studied economy. We dont have any financial education. Luckily, I went to a private school so we had the subject entrepreneurship and a few teachers had their own business. I love to read about successful business people because they keep me motivated. I have many ideas and I am working for myself but I am not yet financially independent. My favourite businessman is Robert Kiyosaki because we have many things in common.

Well Robert, even though I had a private school education from Kamehameha Schools atop Kapalama heights, there was zero financial education taught. However, because of your influence and teachings, many of my classmates are financially educated and preaching it. It's never to late or too early to start learning financial literacy.

I attended public schools in Missouri, Arizona and California. Money was used to teach math in grade school and middle schools. When I was in high school, California, basic bookkeeping was only taught if you enrolled in the business machines classes. At the junior college level, Accounting was offered in addition to bookkeeping and introduction to balance sheets and financial statements were explained. Investing, corporation tax advantages, and the stock market, shares were never explained unless you specialized in finance. I graduated from high school in 1968. I certainly hope that changes in financial education would become as important as government and history classes.

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i m frm india . i m really agree with the fact that in india the financial IQ is absent in school teaching modules.they teach for better human being better Indian but why they don't teach about money in the school perhaps they think its bad to talk about money.

In Philippines, Almost all Schools and Business Schools never teach about Financial IQ, neither we have credible teachers, they teach business, yet they dont have any credibility doing business, they are all post-employees who are now teachers of business. they teach us also how to get involved in business, like becoming an entrepreneur and let the very rich to copy or buy our ideas. laughs!

Hi, I'm from Croatia,
In my country there wasn't and still isn't any financial education. My family are all intellectuals, but still knowledge of money is very, very minimal. The only rule that was tough by my father was NEVER TAKE A CREDIT, and I have to say it is really good rule.
The first time I have come across of ANY book describing finances in life situations was your book Rich Dad Poor Dad, I ended up calling the list of my friends and telling them about it... it was a breeze of a fresh air in vacuum. That book had tremendously helped me and my friends, it had changed our life's, and for that I'm very grateful. I'm still researching and learning. I do want to be financially free I just don't know how. Thank you for giving me a hope.
Sincerely yours
Renata

Zero education on finance at school unless I missed school that day.
I live and attended school in Melbourne Australia.
Always been my biggest complaint about schooling today.
Why isn"t small business managment & finace creation taught in all schools.
Some private schools now teach it but majority of public schools would not know where to start.

I attended public school in Milford, CT and graduated back in '96. I was blessed to have a history teacher (Mrs. Gardner) who pressed the school into offering an AP Economics class during my Junior year. We played a stock market game (I think I won it). It was really eye opening to see how quickly money could grow with a few good choices, and a small initial investment. Unfortunately, the rest of my early schooling was completely lacking any financial education.

My parents were, like yours, highly intelligent, but completely financially illiterate. I think that Economics class during my Junior year compelled me to major in business in college (at the Univ of Miami). Unfortunately - once I finished a year an a half of economics classes (macro and micro), accounting classes, business law, business calculus, etc - I decided that if I wanted to be an entrepreneur, I didn't need a business degree. From there I switched to a study of Anthropology and Speech Communication. I was able to study people, cultures, history, public speaking, intercultural and non-verbal communication, small group communication, persuasion, ethics, research methods, and the list goes on. I still graduated in 3.5 yrs, but feel I've lost my way a bit since becoming a wife and mom of 4 little ones (with a fifth on the way).

I rediscovered an old copy of "Rich Dad, Poor Dad" the other day, and now my husband and I are excited to see what the future holds! We are brainstorming ways to build our asset column (we've worked hard to minimize liabilities and expenses already).

Thank you!

Carrie

Financial education in my area (Central California) consisted of having kids do a mock set of income taxes when I was in High School (67-71), maybe how to get a job, and for some balancing a checkbook. Period. By the time my wife went through the same school (69-73) the income tax prep was gone, replaced by 'How to get a loan for a car'.

The schools intentionally teach children to be employees, dependants of the entrepreneurs. They are, intentionally, not taught balance sheets, cash flow, risk-reward, etc. This instead is left to the "School of Hard Knocks". SHK is quite effective at winnowing all but the most determined, and those who pass are still left largely uneducated.

Are there schools which surpass this? I'm sure there are, but not here. For me, financial education was a long time coming, self-funded, and painful.

schools are horrible, at best the confuse and depress children in to making life to be some melodramatic production, introducing brand names and using them as a marketing target demographic.
There are no more arts for kids (in my area anyway) grade 4 and down...if i am not mistaken the most important things we as adults learn in life are in the first 10 years of life.....but whos to blame, we send them daily!!! the government have new and interesting ways of enforcing their propaganda and defunct methods of teaching, like learning about ww2 is going to prepare you for life (sorry vets)children need to learn social structures, networking and money management! (in my personal opinion) and small business...lemon aide stands and things. it used to take a community to raise a child,now there is no community ( come + unity) where do we think the word came from.....the corrupt government needs them children to be away from its parents, with out that they fail....how do they do that....by making us slaves to their debt, and anyone who dosent want to conform....TERRORISTS... its a horrible circle!

What exactly would be an ideal public school education in finance? What would that look like and when would it be taught? Any kid videos out there on finance? How do I teach my 5 kids? Ideas?

I bet Phillips Exeter, NH, teaches finance...Andover Academy in MA, I bet, too.

Does adding and subtracting dollar amounts count? OK, that's first grade. In high school they offered an optional Economics class, but the tenured teacher who was teaching it had been there for 23 years and couldn't be fired (there's an economic subject for you). I took it and liked it, but it was, unfortunately, without much substance. We learned to read stock information, but not much on evaluating them, or a company's worth at all. Then there were the remedial kids who got to take a class called Practical Life Math, which taught basic accounting and checkbook. Unfortunately, they just didn't have parents who taught them those basics.

I went to a respectable public high school in Massachusettes.

I did not receive any Financial education in Grade School (There were no opportunities to do so). I did decide to Major in Finance for my Bachelors Degree from a South Florida University (Excellent school/staff) but even with that type of Education it only enabled me (at least I thought) to make other entities rich instead of myself. I am now in the process of phasing myself out of the Corporate World and into the Entrepreneurial landscape. Thanks Robert for opening up my eyes and I will be sure to personally educate my children because I think that the learning should start at home and that I should lead by example.

Somebody can not teach you anything if he never did it....
Most teachers preach, they do not teach, especially financial education.
I finish one of the top university in Romania. Economics, finance, accounting.

My real education about money started when I picked Rich Dad Poor Dad.
God Bless you Robert

I have been teaching entrepreneurship at the college level for 15 years. In my view, the biggest limiting factor in getting students to learn finance is their lack of basic math skills. Each year, I find myself astonished that college students do not understand simple fractions and percentages. It is difficult to teach people how to read a financial statement or generate projections when they have not mastered these basic skills.

The answer is to make sure students do not advance a grade level until they have mastered the knowledge required. Anyone of normal intelligence can learn this--we just do not insist that they do so. By the time I get them, the cause is lost.

I have read your posting of November 23, 2009.

The only reason the Fed and Goldman Sachs are continuing to get away with their gambling is because people are not financially educated on what is really going on.

Goldman Sachs not only controls the Fed, US Treasury and Wall Street, they also have their people running the other central banks in countries like Canada.

The only way the middle class is going to survive is when people are financially educated and demand that their schools are teaching financial education to the next generation.

I truly fear for the world and our freedom.

Dear Robert,

I agree that schools don't teach one ideal or one theory or speak about money!! It seems I've learn very little about the subject as I feel intimidated by the stock market and don't even know what they do with CD's etc? I'm from Cincinnati, Ohio and am 48 yrs. old.

It's high time I knew a bit more about what I'm working so hard to make.....MONEY! What to do with it to make more money out of what I do make...All i see is DEBT?

IT'S TIRING...I FEEL LIKE A RAT IN A WHEEL...GOING NOWHERE.

LORI G.
LOST AND CONFUSED

Hi Robert,

I have studied finance and accounting in the Philippines and have had great professional exposure in China, Asia-Pacific and some US mainland work as a middle finance manager. I was amazed by the simplicity at which you dissect the practicality of what an asset and a liability should be and the necessity to build up a business that could be managed via hired professional people and assets that would have passive earnings.

I have tried to follow your ideas since 2006 and am reaping great results. I am still employed as a senior level executive here in the Philippines, but my business is now earning twice what I am earning as a worker. I am contemplating on moving from employee to full time entrepreneur. I owe you a lot for giving me the confidence to apply what I have learned! You got a great mission Robert and are helping a lot of people, keep it up!

Hi Robert,
I attended school in NSW Australia & the closest we came to was to learn basic book keeping (writing checques, profit & loss,filling in banking deposits) when we were 13. Nothing after that.
I have since been a school teacher for a while & there is even less in the curriculum for teaching financial education to the students in general. They play with it in a left quadrant sense in the elective subjects. They spend more time on sex & drug education than financial education.
Would love to be part of seeing that changed.

It's a great idea to require financial education, but even people who aren't in school should know that it's easy to learn. All you need is a book that covers the basics of financial literacy, like one of the Suze Orman books or Babe Lincoln's book, "How to Make Money and Lose Weight E20-322 exam." Once you know how to look at a page of small print and find the one or two things that are important to read, you'll be able to make informed decisions and avoid unpleasant surprises 000-223 exam. It would be unfortunate if a requirement for financial literacy education in school had the effect of making other people feel that they can't understand the subject without a high school diploma or a college degree 117-102 exam.

Financial education in school? well ive finished high school and done one year in college and i will be honest- that subject has never been delt with during my years of study! although i will say this about my high school, i was never told or implied that having great education will make you rich... thats pretty much the reason i started reading your books, to get what i couldnt get from school- financial education.
Thank you for your books, keep em coming and we'll keep reading them!
Tormi, from Estonia.

What's that? I attended high school in Oregon, Ohio (outside Toledo) and graduated from the University of Toledo. I have six years of graduate education and never once did I have a course in money or how to be financially savvy. So my mind is a blank slate.

In the last months of my senior year of high school we were given a book that seemed out of place from the rest of our education. It was full of information about how to do things in the 'real world', like how to fill out a tax form, create a household budget, write a business letter, apply for a loan, etc. In the thrty-some years since, I have thought back on that book and been thankful for the small dose of reality it offered. From what I heard, that textbook was never used again in that school. Too bad...