Knowledge is the New Money

 Robert Kiyosaki : This is something I wrote extensively about in my latest book, "Why "A" Students Work for "C" Students." Kids have a wonderful capacity to dream. The world is open to them in a way we, as adults, sometimes have a tough time remembering. And when they are young, their minds are very open to new ideas and concepts. It's those same ideas and concepts that become their concrete reality, shaping who they become later in life. Traditional education prepares kids well to be employees, which is really working to help achieve someone else's dream. I believe financial education gives kids the tools to achieve financial freedom and pursue their dreams without any limitations.

Additionally, the financial world -- the entire world -- has changed significantly since we were kids, yet we still teach our children the same old financial principles, like go to a good school, get a good job, save money, buy a house, and invest in a diversified portfolio of stocks, bonds, and mutual funds. The problem is that those rules of money are obsolete; they don't work any longer, and there are a whole set of new rules for financial success. Teaching kids about how money really works sets them up to be successful in this new financial reality. And, as we like to say at Rich Dad: Knowledge is the new money. - in a recent interview with mint.com




Rich Dad Poor Dad is the story of Robert Kiyosaki 's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.