Taking Responsibility – Financial Education

I had a great few days in Spain. The weather was fantastic. When the weather is that good, you feel like staying for good! Our apartment is beside a public park so its great to be able to bring the family for a stroll around the park when the sun is shining. I do now 100% believe that when you have fantastic weather, it definitively does something for your health and well being. I mean, I love the outdoors. Its great to be able to go for a run or a walk and just enjoy the weather. I look forward to going back in the summer when it will be even hotter (not too hot I hope)

Anyways I was working a bit over there on my wife’s laptop. That’s the beauty of an internet business, you can pick your time to work and you can chose where you want to work. It really is the perfect choice for business. (I also am going to buy a stock market investing course soon) as again you can pick when and where you want to do your business as you can buy and sell stocks all completely online also)

While I was online in Spain, I began reading Robert Kiyosaki’s new book ” The Conspiracy of the rich”. Its free from his website and he releases it on a chapter by chapter basic so I have really enjoyed the first three chapters. Anyways he goes to say that whats needed most in our world today is financial education. You see, all these bank bailouts that are happening in the world at the moment is really going to hurt some economies. In my country for example Ireland, we put more that 7 billion euro into 2 of our national banks here. Now we have to borrow that money. ho will end up paying for that loan but us and our children. He goes on to say that’s its time we teach our children how to fish.

Kiyosaki goes on to say that he has always been skeptical of governments. There are always partnerships between business owners and government officials and when bailouts happens, the rich get richer and the poor and middle class end up paying for it. That’s why Kiyosaki’s motto is mind your own business and not the governments. Hire the est accountants and Layers you can to pay the least tax possible (legally) because the tax man will always try to get as much as you will give him

Ultimately it all comes back to ownership. Own your life. Take responsibility. This is your life, write your own ticket. I will spur you on to victory!

Will We Ever Teach Financial Education and Building Wealth Strategies?

Wow, are we getting some one-two punches to our economy or what? Daily in the papers and news are stories of the housing collapse, subprime problems, the stock market dropping, and the shrinking dollar -whew! Yet, we are supposed to remain optimistic and not get sweaty palms…. Right.

Quoted by Donald Trump and Robert Kiyosaki from their new book, “We are losing our middle class, and a shrinking middle class is a threat to the stability of America and to world democracy itself.” Think about that a minute….

The lack of financial education has now come to a head. How did you learn to manage your finances and investments? From your parents, friends, or were you self taught? Unless you went on to college and specifically pursued those areas for career or interest purposes you probably never had a “formal” training or education about the subject. You were never taught about building wealth .

It’s disturbing to hear statistics such as:

o More people will file bankruptcy this year than will graduate from college

o The number 1 resolution this year is to get out of debt – overtaking losing weight for the first time

o Last year there were over 80 million unpaid credit cards in the U.S.

The list goes on, and every American will feel the effects of the global change taking place right now. So, what can we do about it? There are ways to begin solving the problems and it starts with financial education and a mindset to get out of debt.

You can be taught the Six Steps to Freedom, then teach others, who will then teach others, and who knows – maybe it will finally become a part of our school’s curriculum!

o Take an objective assessment of your finances (There are professionals who can assist in developing a plan to restructure your debt, with an objective to get out of debt)

o Minimize your taxes and increase your cash flow

o Create savings and emergency funds

o Ensure proper protection (such as insurances and trusts to name a couple)

o Building wealth for the long term (Fund college accounts and retirement)

o Freedom for life – make your dreams a reality!