Rich Dad Poor Dad

So many changes are happening as we approach the last quarter in the year, election candidates at it again and ironically, where getting nicer weather ! The students are getting used to our facilitators as well, adjusting to working with each other in groups. Who will run the world, your children will !

Currently,  we are reading “Rich Dad Poor Dad” by Robert Kiyosaki and most of the children are learning about saving and investing at a young age. One of Robert’s fathers had M.B.A, went to the best colleges in the country, graduated with honors from multiple scholarships and became a very successful principal in the educational field. The other dropped out of school after the eighth grade. But one died and left millions in the bank for his family, church and charities, the other died, left bills and multiple debts to be paid. Which dad do you think left behind wealth to be inherited and which dad left behind debts to be paid?

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The father who had the M.B.A, left bills and debts for his family to inherit but the father who dropped out of school after the eighth grade, left a wealth of inheritance for his family. “Rich Dad Poor Dad” is an introduction to economics and financial planning for these children. Understanding what are assets versus liabilities, and how using financial vocabulary can reshape their lives forever.

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“Rich Dad Poor Dad is a starting point for anyone looking to gain control of their financial future. ”
–USA TODAY

“The main reason people struggle financially is because they have spent years in school but learned nothing about money…but never learn to have money work for them.”
–Robert Kiyosaki

Here is a link to a concept called the Cash Flow Quadrant >>>https://youtu.be/13zmg0BSDk0

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