Why not Financial Education? | ep6
Manage episode 313479454 series 3272740
Robert Kiyosaki says that - One of the reasons the rich get richer, the poor get poorer, and the middle-class struggle in debt is that the subject of money is taught at home, not in school. Most of us learn about money from our parents. So what can poor parents tell their children about money? They simply say "Stay in school and study hard." The child may graduate with excellent grades, but with a poor person's financial programming and mindset.
Sadly money is not taught in schools. Schools focus on scholastic and professional skills, but not on financial skills. This explains why smart bankers, doctors, and accountants who earned excellent grades may struggle financially all of their lives. Our staggering national debts are due in large part to highly educated politicians and government officials making financial decisions with little or no training in the subject of money.
Rich-poor, middle-class, poverty starts with a fundamental attitude. Poverty is passed on it's taught in your families and middle classes taught in families and so the people right now who are sitting at home who are struggling financially or worried about money or unhappy they may be making a lot of money but unhappy with what they're doing it was probably taught to you, you know your superego was taught get a job work hard or you'll never be rich or the rich or evil or whatever the school system will never teach you about money the school system was designed to teach you to be an employee which is important or a doctor or a lawyer a specialist but never about money and what most people lack is real business knowledge like accounting you know like debt like taxes you gotta know that stuff but they don't teach it in school to anybody
Support this podcast: https://anchor.fm/kabir-khanuja
48 episodes