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 find anything about cash? In PragerU’s 2022 beginning address, financial master Robert Kiyosaki provides you the monetary education that your authorities education probably 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 concern for you.
Did you find anything about cash?
Did you discover anything about financial obligation, taxes, or why the abundant keep getting richer?
As you enter the real life … do you acknowledge your lenders will not ask you for your college degree or your Grade Point Average? Bankers want to see your monetary declaration … not your transcript.
You comprehend how to check out textbooks. You are extremely literate people. Are you financially literate? Do you comprehend how to check out a financial declaration?
I found more playing Monopoly than I ever performed in school.
After all your hours in the class, how high is your financial IQ?
I’m believing that, for most of you, the answer is, “I don’t understand.”.
Some of you will react, “I don’t care.”.
On graduation day, all you might care about is making a difference worldwide. Cash will not care about you if you don’t care about money. And you’ll most likely end up in your papas and mamas’ basement.
In the real world, money is always a problem. If you do not have cash, that is an issue.
I was born and raised in Hawaii. I am best comprehended for “Rich Dad Poor Dad,” the most popular book about monetary education ever released.
My poor daddy was my real father, my biological daddy, an actually clever, extremely informed man, a Ph.D., and the head of education for the State of Hawaii.
If anything about money, he comprehended little.
My abundant papa was the daddy of my friend. Plentiful daddy never ever went to high school, much less college.
His daddy passed away and he needed to take control of the household service when he was 13 years old. Abundant daddy got his real-life education in the reality of service.
He did not have a main scholastic education, he understood the world of money and became a plentiful male.
My bad daddy was extremely educated, he fought with cash all his life, and ultimately passed away a bad guy.
Like the majority of individuals, my bad papa believed the way to end up being economically safe was to simply make more money. So, he would work harder, get promoted, and get a pay raise. He got great deals of raises, but he didn’t get any richer.
To the completing class, I hand down my bad papa’s big mistake.
An extremely informed male, a Ph.D. who went to Stanford, University of Chicago, and Northwestern, poor daddy was economically illiterate.
Poor daddy did not understand the distinction in between possessions and liabilities.
Poor papa constantly called our family home an “belongings.” He also stated, “Our home is our biggest investment.”.
Abundant papa mentioned, “Your daddy may be a Ph.D., nevertheless he does not comprehend his house is not a belongings. Liabilities take cash from your pocket, whether you work or not.”.
My bad papa kept calling liabilities properties. That is why he was bad.
The abundant acquire assets. The bad and middle class acquire liabilities they believe are belongings.
Concern terms with this principle and you will start your journey toward financial versatility. Decline it and you’ll resemble my bad father.
Tax the rich.”.
These beliefs have a good deal of appeal.
Why?
Due to the fact that they teach you to blame others for your money issues. You’re a victim of the capitalist system.
And there’s an easy repair. Merely take money from those who have it and give it to those who do not. That’s what my Poor Dad thought.
Here’s the paradox: It’s not the rich who are consumed with cash; it’s the bad and middle class.
Due to the fact that they never have enough of it.
My authentic education started after I left school. It’s time to begin yours.
For the overall script, go to: 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 concern for you: did you find out anything about cash? If you do not care about cash, cash will not appreciate you. Like most of people, my poor papa thought the method to become secure and financially safe was to simply make more cash. Simply take cash from those who have it and use it to those who do not. That’s what my Poor Dad thought.
As you step off the podium with your degree in hand, here’s an issue for you: did you discover anything about money? If you don’t care about money, money won’t care about you. Like the majority of individuals, my bad daddy believed the method to end up being financially secure was to simply make more money. If you do not care about cash, cash will not care about you. Like the bulk of people, my bad papa believed the technique to become economically safe and secure was to merely make more cash.
