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Robert was describing not only the difference...

Robert was describing not only the difference between an employee and employer, but also the difference between controlling your own destiny and giving up that control to someone else "But it's hard for most people to understand why that happens," I said"They just think it's not fair "That's why it is foolish to simply say to a child, `Get a good education,' " he said"It is foolish to assume that the education the school system provides will prepare your children for the world they will face upon graduationEach child needs more educationAnd they need to know the rulesThe different sets of rules "There are rules of money that the rich play by, and there are the rules that the other 95 percent of the population plays by," he said"And the 95 percent learns those rules at home and in schoolThat is why it's risky today to simply say to a child, `Study hard and look for a necklace pearl chanel job' A child today needs a more sophisticated education, and the current system is not delivering the goodsI don't care how many computers they put in the classroom or how much money schools spendHow can the education system teach a subject that it does not know?" So how does a parent teach their children, what the school does not? How do you teach accounting to a child? Won't they get bored? And how do you teach investing when as a parent you yourself are risk averse? Instead of teaching my children to simply play it safe, I decided it was best to teach them to play it smart "So how would you teach a child about money and all the things we've talked about?" I asked Robert"How can we make it easy for parents especially when they don't understand it themselves?" "I wrote a book on the subject, " he said "Where is it?" "In my computerIt's been there for years in random men's omega watch piecesI add to it occasionally but I've never gotten around to put it all togetherI began writing it after my other book became a best seller, but I never finished the new one And in pieces it wasAfter reading the scattered sections, I decided the book had merit and needed to be shared, especially in these changing timesWe agreed to co-author Robert's book I asked him how much financial information he thought a child neededHe said it would depend on the childHe knew at a young age that he wanted to be rich and was fortunate enough to have a father figure who was rich and willing to guide himEducation is the foundation of success, Robert saidJust as scholastic skills are vitally important, so are financial skills and communication skills What follows is the story of Robert's two dads, a rich one and a poor one, that expounds on the skills he's developed over a lifetimeThe silver chanel contrast between two dads provides an important perspectiveThe book is supported, edited and assembled by meFor any accountants who read this book, suspend your academic book knowledge and open your mind to the theories Robert presentsAlthough many of them challenge the very fundamentals of generally accepted accounting principles, they provide a valuable insight into the way true investors analyze their investment decisions When we as parents advise our children to "go to school, study hard and get a good job," we often do that out of cultural habitIt has always been the right thing to doWhen I met Robert, his ideas initially startled meHaving been raised by two fathers, he had been taught to strive for two different goalsHis educated dad advised him to work for a corporationHis rich dad advised him to own the corporationBoth life paths required education, but the gucci backpack subjects of study were completely differentHis educated dad encouraged Robert to be a smart personHis rich dad encouraged Robert to know how to hire smart people Having two dads caused many problemsRobert's real dad was the superintendent of education for the state of HawaiiBy the time Robert was 16, the threat of "If you don't get good grades, you won't get a good job" had little effectHe already knew his career path was to own corporations, not to work for themIn fact, if it had not been for a wise and persistent high school guidance counselor, Robert might not have gone on to collegeHe was eager to start building his assets, but finally agreed that the college education would also be a benefit to him Truthfully, the ideas in this book are probably too far fetched and radical for most parents todaySome parents are having a hard enough time simply keeping their children in christian dior saddle sch

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