How the school system failed to teach you about FINANCIAL EDUCATION!

They don’t want what I know out there, you will never see these on CNBC.

But our school system will never teach us that Because they are part of the process. Fake money, fake teachers, fake assets.

PAY CLOSE ATTENTION!

I know the game of the rich, My rich dad taught me, you know it because you are the banker. The bankers are the rich play. It is different than what they teach in school. All over the world… What does school teach you about money? and the answer is NOTHING! It is not a mistake, It is not even an accident. I knew that and most people know that.

The way to keep the poor and the middle class poor is to never teach them what the rich know. So if you read ’’RICH DAD, POOR DAD’’ which comes out in 1997. It is, What the rich teach their kids about money. The poor and the middle class do not. Poverty I mean it hurts I don’t like it and I don’t like it that our academic system is so corrupt.

We know the banking system is corrupt, we know politics is corrupt but our academics is just as corrupt. I mean it is one thing if it is the banking and the politics that are corrupt. But this is where we send our children and we trust them to do the right thing for them. And yet, They are being not taught something so fundamental.

What is Financial Education?

It is not getting a job, work hard, save money. And invest in a well-diversified right portfolio, stocks, mutual funds, and ATF’S

The financial industry is two things DEBT and TAXES.

In 1971 President Nixon took the dollar off the Gold Standard and the U$ Dollar becomes dept. We still tell our kids to go to school and get a job, work hard, save money and get out of debt. Who tells us to do that? that’s the most ridiculous thing there is. They say saving money will make you rich, yes but it never will. you know that. We were all taught as kids. Why would you save it and why would you work for it? if they can print it, and faster than you can work for it. Why would you keep saving when they are printing it?

The rich don’t work for money!

They don’t say, I’m going to train you to be a worker bee for the rest of your life, But they Educate you in a way and that’s where you come out.

Most people confuse assets for liabilities. They think their home is an asset, it's a liability.

An Asset is a noun like a house. Cash flows, A verb. So if cash is flowing out of your pocket, it's a liability. If the cash flows into your pocket it's an asset. If you own rental properties, those are assets every month the cash flows in. Whereas many people own the big house on the hill and the cash is flowing out, and they going broke.

The other thing poor people don’t understand is the number one expense is taxes. And yet they don’t see it, Isn't it weird? you work around… and you look at your paycheck and say, ah, that doesn’t seem right. and don’t realize that the Government got a huge hand in your pocket, and you are doing nothing to minimize that.

The rich don't work for money and the number one expense is tax.

You see, there are 3 kinds of income.

Earned income>>>is if I got a job. if I'm a Doctor or a programmer

Portfolio income>>> If I buy, let's say an apple for $10 and sell it for $20. Capital gains.

Passive income>>> Cash flow, It is never taxed. getting rent money as a tenant.

You do not know something is an asset or a liability until you see which way the cash flows. A house, Is it an asset or a liability? Well if it's taking money out of your pocket it’s a liability and if it’s putting money into your pocket it’s an Asset. It is clearly explained in RICH DAD POOR DAD written by author Robert Kiyosaki.