[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?
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I went to school in Austin, Tx. Graduated 2001. Our high school had a course called math modeling that taught about checks, credit cards, loans, interest, and the basic idea of what stocks are. The sad thing is that it was a blow off class that the guidance counselors signed kids up for when they werent smart enough or disciplined enough to go into the higher maths.
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I went to school in three cities and now I am about to finish university. And haven't met any topics of the financial education before, neither at school nor in university. Moreover, my mother tells my "study hard… listen to you hardworking father...". So... it's strange that I am reading this book (even in foreign language)
Can someone please tell me how much is needed to start using adwords? I have Clickbank Code (plan to return it after this review) and it suggests $500 per day! Using his worksheets I did Google estimator at $100/day but wonder if that is enough…or if the Clickbank Blueprint uses some other type of criteria for adwords. If I really need money NOW, is it better to do Money Mavericks or Clickbank Blueprint. I have recently purchased an inexpensive program which is basically article marketing and requires a ton of hours to learn and implement.
Thanks for your help.
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Can someone please tell me how much is needed to start using adwords? I have Clickbank Code (plan to return it after this review) and it suggests $500 per day! Using his worksheets I did Google estimator at $100/day but wonder if that is enough…or if the Clickbank Blueprint uses some other type of criteria for adwords. If I really need money NOW, is it better to do Money Mavericks or Clickbank Blueprint. I have recently purchased an inexpensive program which is basically article marketing and requires a ton of hours to learn and implement.
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Huh? My financial education consisted of turning in my lunch tray after eating to get my dime deposit back and watching the poor kids going around asking to take your tray for you. (and get your dime deposit)
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I went to school in Ohio; Catholic for the first 8 years, public high school for the first two years then moved to California for the last two. I don't remember any significant financial education. My kids get the opportunity to attend a Biztown in 5th grade where they learn to how a town works. They are CEO's, CFO's, trash men, cops, employees, etc. This is a great start but it needs to continue through the high school years to prepare students for the evil's that lurk in college and the "grown up" world. See the powerful documentary "Maxxed Out" to see how this sort of education can help.
While attending back to school night for my kids last year, the teachers were faced with the uncomfortable reality of the education budget. they asked all parents for donations to buy ink and paper among other things because the budget has been reduced so significantly. I thought this was a strange irony with respect to the lack of financial education in our schools.
In 8th grade our English teacher taught us how to write a check and gave us information on signing up for a savings account through a school program associated with a local bank. We would bring in a few cents to school periodically to deposit in our bank account. I remember that I would deposit 10 cents, but I don't remember how often anymore. It was a long time ago. That's about all the financial education I remember receiving in school.
This was in a Central NY middle school. Years later, I recall being astounded that no one thought we might need any education in finance or economics, including me.
If there is a school that is doing a good job teaching finance and economics as a general and required subject grade K-12, I don't know of it.
Here is the deal, people who know how to get wealthy get wealthy FASTER in a dwon economy. How? Take for example the treaded stock market. Is it really Treaded though? By those who do not know how to make money in a down or sideways market it is.
2 years ago the U.S. Dow Jones went up to 14,000 and some change. It took roughly 10 years from the last 7,000 period it was at. Then, in 1.5 years the Dow Jones dropped to roughly 7,000 again.
So, do the math.
7,000 to 14,000 = 10 years.
14,000 to 7,000 = 1.5 years.
Remember, that in a down market, people can make money faster. Just look at the time again and you will hopefully understand.
By the way, check out www.HowMoneyReallyWorks.com read the book if you want to understand more then the basics about financials.
Not teaching it in lower schooling is absurd!
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The Govt. of India had raised fuel prices in February 2010 by 10%. They further raised the prices by another 10% effective from 26th June 2010 midnight. The Conspiracy of the Rich is at work over here. Below is the timeline of this price rise Conspiracy.
2008 : Oil reaches $140/barrel. All private Petrol pump operators shut down their petrol pumps all over India, including big names like Essar, Reliance & Shell. Most importantly, the closure of Reliance petrol pumps was seen as a surprise as the Petroleum Minister, Mr. Murli Deora, is Mr. Mukesh Ambani's close confidant.
October 2008 : General Elections are scheduled in India for April 2009. The government is forced to subsidize fuel prices to stay in power, lest inflation rise & the common man boot them out of power. Already the country was reeling under a spate of terror attacks. I myself was fortunate to escape the Mumbai train bombings on 11th July 2006 as I had taken the day off from work. So, given the poor scenario of governance, the Govt. was forced to take the step of regulating fuel prices. This meant that the private players were forced to shut shop till the climate in the country was good enough.
April 2009 : The Congress party emerges as the single biggest party in India. It forms a Coalition government with ease. However, Global fuel prices are too low to de-regulate fuel prices and allow the private players to make money. The Government is also reeling under a Fiscal Deficit because of de-regulating fuel prices for such a long time. It has to make good the deficit too. However, the Govt. does not want to hurt the people with Fuel Price hike immediately after the election. Therefore, increase of fuel prices is deffered for the future.
February 2010 : Govt. is forced to increase fuel prices to keep in check the growing budget deficit.
25th June 2010 : Govt. increases the price of fuel in India. It is a double whammy for the common man. Already food inflation is at an all time high. Food Grains are rotting in Govt. warehouses when the common man is paying through the nose for essential food items. At such a time the govt. thought it prudent to further increase food prices.
26th June 2010 : The government announces that it is going to de-regulate fuel prices. The only people who stand to gain from de-regulation of fuel prices are the private petrol pump operators such as Reliance, Shell, Essar etc. these companies have huge expansion plans lined up and need for de-regulated fuel prices to make them huge profits, which makes them even more powerful.
Who knows, the next thing we hear is the Government has privatized all Government controlled fuel companies, just like they had privatized IPCL in 2002. Then, it was the BJP led NDA govt. who sold off IPCL, now it could well be The Congress led UPA.
In both cases, however, the one common thread was Reliance Industries, India’s biggest private company. This confirms every single Indian’s knowledge that we are ruled by an Oligarchy led by Reliance Industries Ltd., (Read : the Ambani brothers).
The Congress led government has got another 4 years in power before its might is challenged. It is behaving like an arrogant party, where power has gone to its head. It is now openly colluding with business houses & business families in India, to the point of seeking their opinion on matters of economic policy.
You are asking the barber if you need a haircut!!
The Conspiracy is complete….I rest my document.
my financial education was lacking. I am 31 and just starting to realise that the rich are only rich because of a different mindset and a belief in themselves. being rich would not mean i sold out to my working class roots, and it would mean i could help far more people. there was an economics option in school but it was for the 'intelligent' minority and avoided by most of us with working class roots, we were given the feeling it wasnt a subject that was there for us. in the last 2 years of school - the 6th form, there was a business studies option but the value of that subject was not promoted, and i dont recall the content being empowering either.
Since 2003 I have implemented a short course for 15 and 16 year olds at my school. The schoolame is Caroline Chisholm Catholic College. Our school is in the western suburbs of Melbourne Australia and is regarded to be in a disadvantaged area.
However, I have taken Roberts cashflow games and teachings and the amount of interest from young people is still outstanding.
Summary of real results include past students who are now 21 years of age: 1 has been working and building two of his own businesses, 1 has already 3 proprties in his portfolio and another had created $ 140,000 in equity wneh he was in year 11 ie 17 years of age.
Not bad for a disadvantaged area.
I would like to continue with the education, however have embarked on building my own business.
I still have a passion to teach young people!!
Tony Prosia.
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Education is very important for a person but some teens cannot take the stress and succumb to pressure leading to depression. If you child is faced with a similar condition then wilderness program and right guidance can prove to be extremely helpful.
school education just teaches people to be job seekers rather than being job creaters
I received no true financial education through high school. The closest was a basic economics class in high school where we played a stock-market game (see who could gain the most value in x weeks)
In college however, my Accounting/Finance major required me to take "personal finance" where 'Rich Dad Poor Dad' was our textbook. It was a three hr long class and we would spend the first hour discussing concepts from the book and the other 2 hours playing "cashflow 101". Of all my financial classes, it was by far the most life-changing. My professor tried endlessly to make it a required class for ALL students, but was continually denied. Other students were free to take it as an elective but were not required to do so. It's a shame because these concepts affect ALL of us, regardless of what profession we chose to study in school.
I attended a small liberal-arts college in the suburbs of Chicago, Illinois.
I learned nothing about finances in school through high school (graduating in 1975 in Denver, Colorado). My children also graduated from high school in 2002 and 2004 in Denver and they too received little, if any, financial education in school. I believe this is a very serious failing of our school system. It should be taught to all students and should be a requirement for graduation. If this were done, maybe we would have fewer people in dire financial straits during their working years and in retirement.
The key question is how do we move the school system topics from the industrial age into the information age? I am sure most high school students would rather learn about how to become financial successful than how to diagram a sentence.
We learned how to do math in algebra, and geometry. We learned about consumer economics. None of the things we really needed to handle our money were covered, but it was a long time ago, and much has changed since then. What you teach should be covered.
I got essentially the same financial financial education in College that you did! I was an Engineering Graduate from Kings Point in 1958 I guess about 10 years before you?
In H.S. I got no education in finance although the H.S. I went to in Lynn MA did teach some in the business course which I did not take.
At Kings point the sea year offeres some financial education in the different values of different currencies with everyone in those days preferring American Dollars.And where could you make the best deal at the official currency exchange or at the corner money changer. Also operating the ship efficiently to conserve fuel was a lesson.
When I went to work as an Engineer building Nuclear power plants was My final education, estimating plant present day costs, and future costs for the Utilities who would own them.
at he Shipping & transport College in Rotterdam, the Netherlands was no program of how money works and how money can work for you. Our education was to be succesful in a company for somebody else.
at he Shipping & transport College in Rotterdam, the Netherlands was no program of how money works and how money can work for you. Our education was to be succesful in a company for somebody else.
I grew up in a small town in Australia (popn 18,000). My financial "education" was from my parents (who grew up during WW2) not school and can be summed up in: work hard & save for a rainy day. I have made some very big "mistakes" when it comes to money and hopefully I have learned some lessons.
I struggle as a teacher now, about the role of school - how can we teach everything a student could possibly need in real life, who decides which part of the curriculum is more important? Or are some things best learned out in the field? I would love to teach my students more about finance (some of my students have played Cashflow in class and really enjoyed it! :) It is a very complex question that you can't just blame the education system for not educating the students.
I grew up in a small town in Australia (popn 18,000). My financial "education" was from my parents (who grew up during WW2) not school and can be summed up in: work hard & save for a rainy day. I have made some very big "mistakes" when it comes to money and hopefully I have learned some lessons.
I struggle as a teacher now, about the role of school - how can we teach everything a student could possibly need in real life, who decides which part of the curriculum is more important? Or are some things best learned out in the field? I would love to teach my students more about finance (some of my students have played Cashflow in class and really enjoyed it! :) It is a very complex question that you can't just blame the education system for not educating the students.
My education was filled with the basics and I'm grateful because even though my grades weren't A's at least I knew how to read, comprehend the words, spell, write an understandable essay and could then and still can tell you all my facts without using a calculator. The educated C earners in school of today are most likely weak in some or even all of those critical skill areas. Now that doesn't mean they aren't making a living or even quite rich, but most likely just a select few are really successful.
I've been around education for the last 38 years as a teacher and because my need for change and challenge kept me moving, discovery and exploring was always on the horizon. As a result, only by accident really, I came to understand the cruel game played at the expense of our country's children.
It all started when I discovered the most marvelous teaching approach developed by a wonderful genius, Siegfried Engelmann. When I was introduced to his curriculum and witnessed the progress in student learning, it wasn't long before I was going to training conferences in Eugene, Oregon. If you haven't read his book about suing CA, you must get it even though the process happened in 1966.
WAR-AGAINST THE SCHOOLS' ACADEMIC CHILD ABUSE
Listen alot of people want to know how to get money. It is not in the how, it is in the why. Ask yourself why you want to be wealthy and this motivate you to get to the how much faster.
Then when you figurew out how to get wealthy, stick with your plan. Remember, budgetting is a key here. How would a rich man or woman stay rich if they did not budget their money correctly?
If oyu want to be wealthy you also need to understand saving for your goals. There are many banks with ok to bad interest rates. The main point of setting up a saving account is to save money.
A Free money tips site is www.save-money-saving-money.com There are alot of tips on there and there are even tips for kids.
I went to school in Austria many years ago (I am 54 now) and my son is in year 7 of a Rudolf Steiner (Waldorf) School and even there nothing is being tought ablout financial intelligence and the relevant topic at all.
I went to Mid-west schools. I was only taught to balance a checkbook in high school and in college unless you were a Finance major an education in personal/professional finance wasn't there.
I'm from Mexico City, and I went to a very good private school, but I never received any practical financial instruction. I am an English teacher in a private university, one of the best in the country and the financial instruction most students receive is null, on the other hand I work in the police academy of the state (now I live in Villahermos, Tabasco) the situation there is much worse, policemen are paid very low salaries and most of them are in severe debt, have more than one family to support and of course don't know absolutely nothing about finances. I was almost completely fanancial iliterate until I read Rich dad poor dad. My eyes and mind were just opened and it was the answer of years of prayers, asking God for knowledge about finances, after so much work, having to raise three of my 5 children by my own it was really necessary for me to learn about money. There was a time in which I had 6 different jobs at 6 different schools at the same time!!!!! I have worked really hard during 20 years and I am still in debt and the only property I own is the house we are living in. Thank God for your life Mr. Kiyosaki, thank you for your willing to teach others what you know.
How about this: My daughter (14 years old) had a good question. Who would teach us at school, dad since none of my teachers are rich so why should we believe what they have to say about fiancial security? She even had a soltion to her question : Since the banks know everything there is to know about money maybe they should 'volunteer' to teach our kids about financial matters.
We all know that the banks can easily afford this so at least one full lesson a per week for each grade of high school.This is substantially more than what our young folk learn about money. And of course as a reward for providing 'free' wisdom, our kids will open accounts at that bank. So the banks now have a customer (or client) for life. And all this can be done at no cost to the already fiscally stressed education system. Yes - free to the kids, free to the government education departments but
with great benefit to the young and banking system. I thought my daughter was brilliant. Know it's for me to tell her a little something about the banking system... Thank you Robert
During my time there was no financial education that imparted on us. When I my Bachelor's in Business Administration then we have subject on Financial Planning and finance related. While doing my Masters in Business Administration I opted for Marketing stream yet I did read and study finance quite a bit.
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when i was at school their was not any financial education. even today i do not think that they teach this. i have a son at university in portmouth, england, he is doing a business degree. but i do not think that he is learning the financial side of things. tracey noakes The Covenant bath england.
I can not recall learning anything regarding financial education. I spent my younger years growing up in England and New Zealand. I am currently teaching in the TAFE system in Australia. I am in a position where I can influence what is being taught in my classes at least, so am trialling the teaching resources that are provided on richdad.com and sister sites. I am mapping my curriculum's of maths and personal development to include these fantastic resources.
Thank You Robert
Jay
I have been reading Cashflow Quadrant to my 2 1/2 year old and she loves it. I didn't coach her, but when my husband came home from work, she pointed at him and said "Daddy is an E just like poor dad. Poor daddy." She enjoys learning about making money and having money work for her.
I have been reading Cashflow Quadrant to my 2 1/2 year old and she loves it. I didn't coach her, but when my husband came home from work, she pointed at him and said "Daddy is an E just like poor dad. Poor daddy." She enjoys learning about making money and having money work for her.
>>
I went to an exclusive college preparatory school for young women. 90% of the girls there came from wealthy families. I'm assuming they learned about money from their fathers and mothers, because we sure did not learn a thing about money, finances, wealth, or anything like that. I know "Hamlet" like the back of my hand, but I can't tell you a thing about investing... except what my parents told me... too risky, like throwing your money down an empty hole. I chuckle now when I get begging letters from that old school of mine asking for money, stocks, bonds, real estate and how they need money to meet the cost of education not covered by the eye-popping tuition. If they wanted money out of me as an adult, they should have required us to take classes on making money.
As for the 90% of the girls who were from wealthy families...? A few of them still depend on daddy going on 25 years later, or wealthy hubby. A great many of them realized the hard way how tenuous their family's grip was on wealth. I've seen a few of them taking cashier and sales jobs to feed themselves or their family. Daddy either lost the money, gambled the money, gave the money as an investment with an old friend who took the money, took the money with him with his new wife and new kids, leaving old kids and old wife without a dime. I bet those gals would agree we needed more financial education and less algebra or fewer Shakespearian comedies. What a shame!
I learned a little about money and paying bills when my mother had a nervous breakdown and threw the bill basket and checkbook at me, then 10, and my sister, then 6, and said it was our responsibility now or we'd all be out in the street. We learned pretty quick how to pay bills, make a budget, yes fill out the tax forms, oh yes. Fear of homelessness spurred us on. Our dad didn't care because he worked two jobs and had his own life. But he did come to school one day and pulled my sister at age 8 out of class to ask her what the bank account number was because he needed to take some money out of the account. This is not a lie. I did the taxes on the family and my mother's small business from age 11 until she shut the business when I was 24. They never took the finances back. But I learned how to feed a family of 4 all meals and 5 kids hot breakfasts, snacks, and hot lunches on a monthly food bill of $120.
Making money and a budget from the E or S side of the quadrant, I can do. But making it from the right side of the quadrant, that's where parents or school should have helped, even my school for the rich girls. My sister went to public school, even a magnet school for the intellectually gifted, and never learned about stocks, entrepreneurship, etc.
But I'm learning a lot now!
I attended school in Jamaica and the United Kingdom. I was a science student for most of my life, so there was no "financial education" included. During my undergraduate and postgraduate studies, I was introduced to accounting, finance and economics.
The challenge I had, was that no one ever taught me how to apply all these theories and principles to my own life and how to truly make money work for me.
I am yet to find a school that's actually doing a good job teaching "this incredibly important subject".