Wednesday, November 12, 2008

Why You Are Not Wealthy

You will notice more and more reference to financial
education as you look through wealth building blogs
and websites and get more familiar with the works
of Robert Kiyosaki.

Robert and Donald Trump are apparently working
on a new book More Important than Money (working
title only), the gist which is that knowledge is more
important than money.

You will find this covered in the Wealth Building
Enterprises website as well ... you can get rich quick
winning the lottery but you will never keep that
money for long because it is not WEALTH that you
have worked to build.

You were not educated on how to accumulate it (if you
were not already doing so before the windfall) and you
were also not likely educated on how to maintain and
increase it. The historical odds are that it will be
wasted away in a few years.

But WHY ARE YOU NOT WEALTHY? (if you are not)
Or why are you not at least moving in that direction?

I recently came across a blog by a Canadian former
teacher with several years experience in the classroom.
He emphasized that the current school system is failing
our children in some ways because amongst what they
teach, they omit FINANCIAL EDUCATION.

He had graduated school with a B.A., a B.Ed. and a
Diploma in Technology Education and had never
had a course or even a lecture on personal finance
anywhere throughout! He is very familiar with the
high school curriculum and does not know of any
course that even broaches the subject.

He states that curriculum writers grew up in the
era where getting a good education, therefore a
good career, and qualifying for a good pension
were the safest and easiest way to succeed.

And that going out and taking "risks" by starting
a business, investing, etc., was not something that
well-educated people needed to do.

But we are no longer in a strictly industrial age. And
even though we are still surrounded with many
industrial applications and jobs (and always will be,
as someone needs to make the cars and furniture
and build the factories that create the goods that
we consume), the world has shifted more to an age
of technology and information.

And this has created more and more opportunities
to find a NICHE that people are interested in or want
to know about. More people are shifting to starting
their own small businesses or working from home
(Internet or home business).

IN OTHER WORDS, THE THE WORLD HAS BEEN
CHANGING!!

But education has not been changing along with it! So
it continues to teach our kids in the old-school mode:
'behave', 'listen, don't speak', 'learn what we tell you',
'specialize', 'get a job', 'be a good employee', 'work your
whole life', 'get promotions and raises', 'buy a house
with a 20 year mortgage' - on and on.

But where in all this does one learn to save money?
To invest? To build ASSETS that create cash flows
for you? To create multiple sources of passive income
that create WEALTH for you so that you can achieve
your dreams?

Where are the lessons on isolating your life goals or
dreams and creating the plans to achieve them? Where
is the info on developing a master-mind group and
studying the lives of people that have achieved what
you want to achieve?

This information has been increasingly available over
the past decade or more as self-education but the main
educational system has not caught on. Why this is the
case is the question for another day.

Lest we fail to give recognition where it is due, there are
no doubt (and I have heard of them) many INDIVIDUAL
and excellent teachers who DO teach some of these things
and try to impress individualism, goal-orientation and
other such points on their pupils. These teachers (and
even individual schools) are very valuable to the society.
But they are RARE and are the exception.

So if you are struggling AT ALL financially, it is time to
add to your own financial education. AND share what
you learn with your kids (if you have any) as you start
to see it work! AND, please start to question teachers,
principals and Boards of Education about this: where is
the financial education in our schools?

School education is valuable for learning many things.
It could be SO much more effective, but this will only
happen when ENOUGH people raise enough hell to
make the change happen. It will take some time.

But it starts with US as adults becoming financially
educated! The system has lasted in this semi-obsolete
state for so long because we ourselves have not been
financially educated enough to notice it was missing in
schools!

So please use the website below. Read the books of Robert
Kiyosaki and the recent books of Donald Trump. Build
your financial I.Q. step by step to genius level and teach
it to your kids while you learn.

Do you want your kids to fall into the same financial and
consumer debt traps that you have fallen into (and that
80% or more of the society has fallen into?) I don't think
so!

You can guarantee a better future for them by acting on
this information. One day they will thank you with tears
in their eyes, as they see the bad effects on other kids
whose parents did NOT take the time to know and teach
them these things!

You will want to be on the plus side of the ledger on this
one! You will save your kids a lot of grief and set yourself
up to live the rest of your life in increasing abundance.

Wealth follows knowledge. Knowledge enables action.
Consistent action based on your financial goals will take
you toward the wealth you seek.

But will YOU take the time and effort to increase your
financial knowledge (and that of your children) and build
a true generational wealth that you can pass onto
subsequent generations?

At least now you know you have a choice.

Wishing you the best!


Ron Sedlak
Wealth Building Enterprises
Practical Solutions for Sensible People
http://www.wealthbuildingenterprise.com/

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