- Financial education night: play monopoly, openly discuss your own financial situations, discuss their goals. Schools don't teach this, you have to.
- Cash flow quadrants: Entrepreneurs and investors enable financial independence, working for someone else or being self-employed don't. Education systems train for latter, which is why those that do well in school tend to be in these categories.
- Ordinary, passive/cash flow (rental income), and portfolio income. Only taught the first in school, have highest taxes.
- Wide variety of experiences early in career is more important than minimum wage paycheck.
- Don't give your kids handouts to avoid entitlement. Reward for work well done/effort/generosity.
- Difference between financial advice and education. Give them the tools to make their own decisions.
Why "A" Students Work for "C" Students and "B" Students Work for the Government by Robert T. Kiyosaki
December 28, 2020 • 1 min read