Everyone wants to become rich and wealthy and enjoy the luxuries of life. But why some people are extremely rich while other’s struggling for survival. The reason is lack of Financial Education, which makes the difference and not part of our traditional school system. The research work has been done from the famous book RICH DAD POOR DAD.
What differentiate Rich from Poor?
Rich are different from Poor because of their different mindsets. Today Income Inequality has been a great challenge for the world. Financial education is not taught in our traditional school system which was designed by rich people who just want to produce workers for their Corporations.
We all Go to school, to get a job to make money but learn nothing about money. Many student after completing their High Schools know nothing about Investing, assets and liabilities, don’t have the vision to find Financial Opportunities.
“Don’t work for money, let the money work for you.”
Robert Kiyosaki : RICH DAD POOR DAD
Also Read : https://onionreads.com/the-importance-of-financial-education/
Why Rich are getting richer?
Rich people have a strong foundation about financial literacy which is passed from generations. That’s why Rich kids takes better financial decisions unconsciously. While a poor kid learns about survival from their parents, Now both are competing in this world earning unequal amount of money.
Poor students graduate from Good grades rip off their asses days and nights to work for the corporations owned by rich and always remain one pay check ahead of being broke.
“If you work for money you give the power to employer. If you money works for you, you keep the power and control it.”
Robert kiyosaki : RICH DAD POOR DAD
Related Content : https://onionreads.com/7-habits-for-a-fat-purse/
How to become Rich and Wealthy?
Wealth is a persons ability to survive, If he stops working today. Here are some key points that will help you to learn how to make money work for you :-
- Learn about Money and how it works and start taking actions. True learning comes from making mistakes so don’t afraid of it.
- Learn the difference between an Asset and Liability, and focus on your Asset Column rather than Income Column.
- Invest in yourself : Read books and articles, listen podcasts and watch shows and take courses on Real Estate, Stock Market Investing, CashFlow, Understand Taxes, Passive Income and learn how to make every penny in your purse to work for you.
- Everyone should not build Corporations but Everyone should own them : Invest in the companies that are building the future will help us to ensure that we are generating income when we’re not capable of working.
- Learn to Take Calculated Risks in your life and understand the power of compounding. Stay away from Quick Rich schemes. They’re like the money soon came and soon gone.
Wrapping Up
Lack of Financial Education is the root cause of Income Inequality which divides the society into Have and Have not. This is due to Money not being part of our Traditional Education System which is designed by Rich People who just want to produce skilled workers for their corporations. We can become Rich and Wealthy by Investing in ourselves, learning about Passive Income and developing our Financial IQ.
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Also Read : https://onionreads.com/how-an-active-mind-makes-youthful-body/
See Robert Kiyosaki’s speech : https://youtu.be/azq0S0DKS50
FAQ’s
Why some are Rich and most are poor?
It is the lack of Financial Education which separates the poor from rich, which results in income inequality.
Why Rich are getting richer?
Rich are getting richer because of their financial foundation which has been created from their childhood while poor always struggle because all they learnt was survival.
Why rich rules the world?
Rich people rules the world because they own Banks and Corporations which rules the world and indirectly they control every major economic and politcial decision taken in the world.
How to become rich and wealthy?
Investing in yourself and learning the difference between an Asset and Liability and acquiring assets and understanding how money works can help in becoming rich.
You can also read the book :
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