Get Yourself A Financial Education

I have been an avid reader of Robert Kiyosaki’s material for many years.  His book ‘Rich Dad, Poor Dad’ is a bestselling sensation.

Here is a list of the differences in the attitude to money of his Rich Dad and Poor Dad.

I think it was that first piece of advice that first had a profound effect on my thinking – ‘your house is a liability’.  Up until the point I read that, the advice from people I respected was to get the biggest house I could afford.  Of course you then become a slave to your mortgage, have larger maintenance bills, larger heating bills, larger council tax bills etc

The other great financial revelation was the stupendous power of compound interest.

Robert Kiyosaki has recently written a new book – ‘The Conspiracy of the Rich’.  This reveals the way the financial system is cynically manipulated by the the rich in their favour.  I have not yet read this book in its entirety but I was part of the project where Robert published the first few chapters on the internet for reader feedback.  This was, of course, a clever marketing exercise but I did read enough of the book to realise that it would be a useful book to read.

It is indicative of the printing of money (or quantative easing) that many people around the globe are becoming disenchanted with the currencies that are being devalued.  As a result we are currently seeing a gradual rise in the price of gold as they once again flee to  safety.

The massacre in the value of our pension funds is evidence enough that we cannot rely on others to safeguard our money.  Robert Kiyosaki is right – get yourself a financial education or you will be at the mercy of the parasites and predators that swim in the financial oceans of our society.

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