What the Rich Teach their Kids About Money

DV Weekend Pickup #47

Rich Dad, Poor Dad by Robert Kiyosaki

I realize the book has a slightly taboo title maybe that's why it's the #1 personal finance book of all time, maybe it's because the topic is that important to your future, or maybe it's a combination of both.  Either way, I appreciate the honest approach at discussing something we all seem to be experts in - financial education.

"In school we learn that mistakes are bad, and we are punished for making them.  Yet, if you look at the way humans are designed to learn we learn by making mistakes.  We learn to walk by falling down.  If we never fell down, we would never walk."

Yes, the book title is that literal.  It actually refers to two men who impacted the (now prominent) author's life as a young boy.  One man being highly educated, hard working, product of our education system and the other being self-educated, hard working, product of a street education.

I'm sure at this point you get where this is going but for me it's important to note the terms "wealth" and "rich" are neither solely described or achieved by capital creation and expansion.  The real lesson is clear...

"The single most powerful asset we have is our mind.  If it is trained well, it can create enormous wealth in what seems to be an instant."

...and we have the power to seek further comprehension in any subject we desire.  This book is packed with financial lessons large and small and should not be overlooked by superficial reasoning. You owe it to yourself to seek understanding if you only have a surface level knowledge base.  Consequently, you will immediately feel more enlightened and fulfilled by being able to see the world from a different vantage point.

Crush the day!