Robert Kiyosaki - New Rules of Money, Part 1 Conventional Education Vs. Financial Literacy

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Conventional Education Vs. Financial Literacy

The rule of money had changed, first on 1971, when President Nixon take money of the golden standards. Second on 1974 when 401K is set up. Since then, all employees will no longer have a pay check for life. The company will no longer going to take care of the employees for the rest of their life. So the employees have to invest and save enough money so that they can pay themselves for the rest of their life. That's why after 1971 and 1974, the rule of money changed.

The old rule were:
1.) go to school to get a safe secure job,
2.) work hard to get more money,
3.) save more money,
4.) buy a house,
5.) get out of debt,
6.) invest for the long term,
7.) diversify

The new rules are:
1.) After 1971 and 1974, we all need financial education and invest in our greatest asset (which is our mind or increasing our financial IQ)

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Education

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