Are You Satisfied With Your Financial Education?
By Jan on May 10, 2009 in Financial Matters
If we allow ourselves to be perfectly honest, we have to admit that what worked for us financially in the past, doesn’t seem to be effective anymore. Unemployment is at an all time high, the economy is dismal and the stock and real estate markets have imploded. You likely know of someone who has either lost a great deal of money in the stock and real estate markets, or is perhaps on the verge of losing their job, or even their home.
Not too many people welcome change. Most don’t respond well to it and it is very uncomfortable for them when they feel they are being forced to make a change in their lives. These days, a persons comfort zone actually equates to their failure zone. It might be difficult to do, but most of us are going to have to step outside that comfort zone and make some major changes.
Think back to when you were in school. How much education did you have on handling your finances. I would venture to say that most of you received no financial education at all. If you were lucky, you had parents who realized their responsibility and taught you everything they knew. Perhaps they showed you how to balance a checkbook and how to budget your monthly income. If you did have parents like this, then you were one of the lucky ones. Because of the strong influence parents have on their children, most kids just followed their parents example in how they handled their money. If the parents lived from paycheck to paycheck, then the children probably followed suit.
This limited financial education might have been enough during good times, but the good times are over and you are now probably feeling like you are groping around with a blindfold on, trying to make sense of it all. It seems like it has happened overnight, but for those in the know, there have been warning signs. Those in the know, are actually able to benefit financially from this economic downturn but they are a very small minority.
However, as the saying goes “it’s never too late to learn”. You don’t have to have a University education to understand the fundamentals to enable you to take charge of your financial future.
Robert Kiyosaki, the author of “Rich Dad, Poor Dad” and “Rich Dad’s Prophecy”, has been writing for over 10 years now, delivering the financial education message as vocally as he possibly can. He started to learn about the world of finance as a very young child and he is a strong advocate for financial education in the school systems. He is a perfect example of the fact that it is never too early to start educating our children about money matters. Even more significantly for most of us, it is never too late to begin our financial education.
I highly recommend that you read these two books by Robert Kiyosaki. They will be a good start to your journey of learning how to move ahead in 2009, making the right financial decisions that will serve you well in the future.
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