Money is simply a tool for enjoying the world of Opportunity

A lot of what we teach our kids about money has to do with a scarcity mentality. We say things like, "Live below your means" and "We can't afford that." Also, sometimes we teach our kids to look at money as bad, saying, "Money is the root of all evil."

The reality is that the correct quote is, "The love of money is the root of all evil." Ironically, I think the scarcity mentality of money is really the love of money. It's a fear of losing money that causes us to protect it so much and not take risks. The best way to talk about money with kids is to show them the world of opportunity before them and teach them that money is simply a tool for enjoying that world of opportunity. Say things like, "Live above your means" and "How can we afford that?" Teach them to look for (and find!) opportunities where others see only obstacles. That is a change in mindset that allows them to not work for money, but instead have money work for them. - in 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.