Need For Wealth Education (1)
Today, we begin a series on
Wealth Education which will span for some weeks. If there is one thing nations
and individuals most desperately need for meeting various responsibilities and
obligations, it is wealth. How come that, particularly at the individual level,
the greater majority of mankind lacks enough resources to meet the basic needs
of life? Truth is, most people don’t have wealth
education. That is why every person who really desires wealth should
embrace wealth education.
Let me make this point very
clear, poverty is caused by lack of wealth education more than anything else.
Unfortunately, this important aspect of the human life is not taught at school,
not even in departments of accounting and finance across the universities all
over the world. It may also interest you to know that having a degree in
finance, accounting, economics, statistics, and banking is not equal to having
wealth education. Some of those professionals are still struggling how to make
ends meet.
Specifically, WEALTH
EDUCATION is the ability to convert cash or labour into assets that provide
cash flow. Its components include business
skills, money skills and investment skills.
The gains of wealth
education include the following: (i) It will enable you know what to focus on
in life; this way you’ll see that wealth is not far-fetched, it is right where
you are. It takes wealth education to see
an investment. (ii) Through this education you’ll discover the thought
patterns of the poor as compared to the thought patterns of the rich. Our
thinking habits have very much to do with wealth creation. This will help you
improve your thinking habits. (iii) You’ll also know the wealth quadrant you
belong to. Robert Kiyosaki, author of Rich
Dad Poor Dad divides the quadrant into (a) Employees and (b) Self-Employed
Persons, on the left-hand side, and (c) Business Owners and (d) Investors, on
the right-hand side.
Employees
ARE GIVEN a job; self-employed persons OWN a job; business owners OWN a system;
and investors OWN investment. The best ways to generate wealth are on the right
side. Honestly, if your goal is to generate wealth, you need to be
working your way towards the right side.
Kiyosaki
claims that the two quadrants on the right side (business owners and investors)
own 90% of the world’s assets. Isn’t the right side always the better side to
be in life? Wealth education will show you how to go over there if you are on
the left side of the quadrant at present. Watch out for the continuation.
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