Trapped by Going to School The key to the new world is education. The problem is that the current school system is trapped in the tar pit of the Industrial Age. In the Information Age, a person’s education and lifelong learning is more important than ever before. Unfortunately, going to school alone will not prepare you financially for a rapidly evolving and expanding world. Simply said, schools change too slowly, and the world is changing too rapidly. In the Industrial Age, all it took to be successful was the following two types of education: • Academic education: The ability to read, write, and solve basic mathematical problems. • Professional education: Education to earn money by being a productive member of society. For example, medical doctors go to medical school, lawyers go to law school, pilots go to flight school, chefs to go cooking school, and so on. In the Information Age, we need the following three types of education: • Academic • Professional • Financial The following question thus arises: Why isnt there any financial education in schools? The answer: Humans trap and train monkeys in school. If a person has a solid financial education, they will not cling so tightly to job security, a steady paycheck, and a pension. If a person knows the tax laws, they will not pay unnecessary taxes. If they understand the banking system, they will not save money. Rather than call their home an asset, they will know that it is a liability. If they understand inflation, they will not try to live below their means. Rather than get out of debt, they will learn how to use debt to gain wealth. And they will not mindlessly turn their money over to Wall Street bankers, financial planners, and real estate agents in the hope of obtaining a secure retirement. Most importantly, they will question why they are going to school, who their teachers are, and where their education is leading them. - Robert Kiyosaki P. S. This makes sense now.
Posted on: Sun, 08 Jun 2014 05:40:10 +0000
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