Posted September 20, 2014 by Margaret M. McAfee filed under tips
President Obama has endorsed them, Donald Trump has so has Robert Kiyosaki. What are they? Small businesses is the answer. In particular online home businesses. The main reason some heavy hitters back them is because they have a global reach from your home PC. But do you know how to get wealthy and stay wealthy?
Once you know the secret of becoming wealthy it’s not particularly complicated but it requires hard work. Donald Trump has proven this by loosing and then gaining millions in equally fast time. Robert Kiyosaki argues the reason people such as lottery winners loose money fast is because they are simply not financially educated.
This begs the next question why not? Well I would argue it’s because schools teach our children for academia not the real world. In the UK over 50% of children will go to University, when I was a child that was unthinkable. What has it led to – one of the worst credit cisis’ the world has ever seen.
Financial education must be one of the cornerstones of the economic recovery. We cannot have another generation growing up with a ‘must have it now mentality’. Parents have a huge role to play in this because it’s where I got my financial values from.
Parents need to decide what is important
Two career parents wonder why children want want want, and feel guilt into giving in because they are both on career paths. Society has to strike a deal with parents. It has to say ok if one of you spends the early years with the child we will legislate so your career does not suffer.
Of course the alternative to the two career path could be one career and one who runs and owns their own business. Speak to anyone who has made it as an entrepreneur and they will say the freedom it gives them is worth the initial risk.
Back to education
So we’ve had all these highly ‘qualified’ people hired by financial institutions and it’s led to a $200 Trillion bail out. I would argue if they had known how to manage wealth and been educated in life this would not have happened. Most well known entrepreneurs have little or no higher education. But having at least HS diploma will help you with higher self esteem. if you don’t have one yet, go back to adult education classes and get one. You will thank me later.
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