Why not university graduates will be rich, and people with financial education

We present to your attention an excerpt from the new book by Robert Kiyosaki "Second chance", Published by" Potpourri ". Previously, people are educated for a job, going to retire young, and then lived happily ever after. But these days, they have sunk into oblivion. Kiyosaki analyzes the past and present and says that waiting for the world of finance in the future. According to him, a second chance to become rich will be people with financial education.

Robert Kiyosaki

American entrepreneur and the investor. Author of 25 books, which sold worldwide circulation of more than 26 million copies. The most famous bestseller - "Rich Dad Poor Dad." This and two other Kiyosaki books included in the top ten best versions of The Wall Street Journal, Business Week and The New York Times.

What's the point to go to school and learn almost nothing about the money? Why do you have to go to school, seek employment, to work for the money and still not know anything about money?

Education each day has a powerful effect on our lives. That is why some of his views were not available to slaves until the Civil War and even today remain inaccessible to women in many countries of the world.

The rich do not work to get checks on salary. As fond of saying rich dad, the man who signed the check for the salary, has tremendous power over who gets the check. In addition, the more you earn by working for the money, the more tax is paid. Perhaps that's why Steve Jobs's salary is only one dollar per year.

Steal your wealth by using your financial literacy, in this case, calling your liabilities assets. What sense to get rid of debt, when the rich use the debt to become even richer?

On the left side of the figure shows the savers who put dollars remaining after the payment of taxes to the bank. Banking System partial redundancy reduces the purchasing power of their savings because multiplies the amount of money in circulation, giving borrowers having financial education (which invest their loans), $ 10 for every dollar invested holders savings. Fractional reserve system - a "machine that prints money." He is present in every bank.

What is financial education?

If we accept the fact that money - the garbage, it becomes clear why financial education is the direct opposite of the traditional education provided in schools.

The essence of financial intelligence is to stay on the edge of the coin, watching both of its sides, obverse and reverse, and then decide what is best for you.

In 1973 I came back from Vietnam to Hawaii. Place my life I became a Marine air base in Kaneohe on Oahu. At that time, according to the contract with the Marine Corps, I had to serve a year and a half.

I went to both my dads prompt asking me what to do next. I loved flying, loved the Marines, but the war was over and I had to move on. Poor dad advised me to go back to school to get a master's degree in business administration and, perhaps, even doctors.

Rich dad advised me to attend seminars on investing in real estate.

This is a prime example of opposites in education.

Poor dad advised me to go back to school so I can get a high-paying job and a steady check to paycheck. He advised me to work for money.

Rich dad encouraged me to learn how to use debt to get free cash flow of taxes generated by assets.

I decided to follow the advice of both popes and enrolled in a training course for Master of Business Administration at the University of Hawaii and at the three-day seminar on investing in real estate. After listening to the seminar program, I bought my first asset that generates cash flow, and dropped out of university. I was 26 years old and I began to understand what is the difference between a check on the salary and cash flow, debt and taxes.

Education - critical word. And today, it has become more important than ever.

For billions of people the answer to the current economic crisis is to "go back to school." But let me ask you: "Is this the best answer for you? Will the traditional education to give you a second chance in life? ".

When you go to school, you are taught to work for money. Financial education provides knowledge required for the acquisition of assets that generate cash flow.

"Second Chance", by Robert Kiyosaki

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