What Do You Know About Money?
As you step off the podium with your degree in hand, here’s a concern for you: did you discover anything about money? In PragerU’s 2022 commencement address, monetary master Robert Kiyosaki offers you the financial education that your official education most likely missed.
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Script:
Congratulations, graduates.
You now have a degree in Psychology, Philosophy, Sociology, Feminist Studies, Pre-Med, or dozens of other possible topics..
As you step off the podium with your degree in your hand, here’s a question for you..
Did you discover anything about money?
Did you discover anything about debt, taxes, or why the abundant keep getting richer?
As you enter the real life … do you recognize your lenders will not ask you for your college degree or your Grade Point Average? Bankers want to see your monetary statement … not your transcript.
You understand how to read textbooks. You are extremely literate individuals. Are you economically literate? Do you understand how to read a monetary declaration?
I discovered more playing Monopoly than I ever performed in school.
After all your hours in the classroom, how high is your monetary IQ?
I’m thinking that, for most of you, the answer is, “I don’t know.”.
Some of you will respond, “I don’t care.”.
On graduation day, all you might care about is making a difference worldwide. If you don’t care about cash, money won’t care about you. And you’ll most likely wind up in your moms and dads’ basement.
In the real world, money is always an issue. If you do not have money, that is a problem.
I was born and raised in Hawaii. I am best understood for “Rich Dad Poor Dad,” the most popular book about financial education ever released.
My poor dad was my real father, my biological father, a really clever, highly educated man, a Ph.D., and the head of education for the State of Hawaii.
He understood little if anything about money.
My rich papa was the father of my buddy. Abundant father never went to high school, much less college.
His dad passed away and he had to take over the household service when he was 13 years old. Abundant dad got his real-life education in the real life of service.
He did not have an official scholastic education, he comprehended the world of cash and became an abundant male..
Although my bad dad was extremely educated, he fought with cash all his life, and eventually died a poor man.
Like the majority of people, my poor dad believed the way to end up being financially secure was to just make more money. So, he would work harder, get promoted, and get a pay raise. He got lots of raises, but he didn’t get any richer.
To the finishing class, I pass on my bad papa’s huge mistake.
Although a highly informed male, a Ph.D. who attended Stanford, University of Chicago, and Northwestern, poor daddy was economically illiterate.
Poor daddy did not understand the distinction in between assets and liabilities.
Poor papa always called our household home an “possession.” He also said, “Our home is our greatest investment.”.
Abundant papa stated, “Your daddy may be a Ph.D., however he does not understand his house is not a possession. His house is a liability.”.
” Assets put money in your pocket whether you work or not.”.
” Liabilities take money from your pocket, whether you work or not.”.
My poor dad kept calling liabilities assets. That is why he was bad.
The rich acquire assets. The middle and bad class acquire liabilities they think are possessions.
Come to terms with this concept and you will begin your journey toward monetary flexibility. Reject it and you’ll be like my bad father.
With that sort of future looking you in the face, it’s no mystery why so many of your contemporaries favor socialism over free-market commercialism.
” Cancel all trainee financial obligation.”.
” Health care is a human right.”.
” Tax the rich.”.
These beliefs have a great deal of appeal.
Why?
Because they teach you to blame others for your money issues. You’re a victim of the capitalist system.
And there’s an easy repair. Simply take cash from those who have it and give it to those who do not. That’s what my Poor Dad thought.
Here’s the irony: It’s not the rich who are obsessed with money; it’s the poor and middle class..
Because they never have enough of it.
My genuine education started after I left school. It’s time to start yours.
For the total script, visit: https://www.prageru.com/video/what-do-you-know-about-money.
source
As you step off the podium with your degree in hand, here’s a question for you: did you find out anything about cash? If you do not care about cash, money will not care about you. Like the majority of people, my poor papa believed the method to become financially safe and secure was to merely make more money. Just take money from those who have it and offer it to those who don’t. That’s what my Poor Dad believed.
