“A person can be highly educated, professionally successful, and financially illiterate”– Robert T. Kiyosaki
Today as I was reading Lesson 2 of Rich-Dad Poor-dad. And I noticed how Robert kept saying repeatedly wealthy people mostly end up in debt or are always stuck in the rat race. This made me think who was responsible for this and the answer seemed pretty obvious: Educational institutions! i.e schools, colleges, etc. But how, Pihu? Well if schools gave proper financial education then people won’t end up making all these bad decisions. For example, appreciate creativity instead of exercising control, and give good economic knowledge in balance with academic knowledge. If every school follows this there will be a day when nobody is poor because most of the impoverishment is caused by bad economic decisions by the wealthy. So, does this make you question the education system? And do you believe it requires change? Tell me your thoughts and ideas in the comment section below.
Today I was reading Chapter 2 of “Rich Dad-Poor Dad” by Robert Kiyosaki. Relatability: is one of the many reasons why I enjoy reading this book.
This question has been bothering me lately: Why do people, after studying so much(more than ¼ of their lifetimes), make financially wrong decisions their entire life? Robert answered it for me: the present day schooling system and financial education have no connection. We are not taught in schools about the stock market, investments, financial freedom, etc. This is why people end up with huge loans, or are stuck in the rat race their entire leaves. If good economic education was given in schools, the situation would be different at an individual level, for society, and even nationally.
If you want to go deeper on this topic, I definitely recommend reading “Rich Dad Poor Dad”. Please tell me do you or do to you not blame schools for bad financial situations, in the comment section below.