| The key to riches is to become financially literate. | | | | depth into them and they will in turn lead to you to |
| That was one of the messages I got from Robert | | | | other subjects area. You can learn at your own pace |
| Kiyosaki's book "Rich Dad, Poor Dad". | | | | through the subject materials and you will be amazed |
| Financial literacy does not automatically guarantee that | | | | at how much knowledge you have picked up after a |
| you will be rich, but the lack of financial knowledge | | | | while. |
| does gurantee that you are unlikely to reach your | | | | Do not worry if you did not get good grades as a |
| financial success. Being finanically literate definitely | | | | student in school. School grades do not matter. Do not |
| helps in making better judgements in making financial | | | | worry that you are way pass your prime. Your age |
| decisions , and therefore enhances your chance of | | | | does not matter. Do worry that your financial situation. |
| success and make the path to your finance goal | | | | Colonel Sanders was 66 of age, and broke when he |
| smoother and swifter. | | | | started Kentucky Fried Chicken. What really matters is |
| Robert Kiyosaki's Rich Dad in "Rich Dad, Poor Dad" | | | | whether you have the desire to learn and educate |
| book, understood this very well and tried to expose | | | | yourself. |
| Robert Kiyosaki to financial principles to build up his | | | | How can you go about being financially literate? You |
| financial literacy at a young age. | | | | can do so by opening both your eyes and ears and |
| Robert Kiyosaki described wealth building like building a | | | | also your mind to the vast information around you. |
| building. Both require strong foundation. While the | | | | Your learning materials include not only financial subject |
| foundation of a building is made from cement and | | | | textbooks or formal educational courses from |
| steel, the foundation of wealth building is financial | | | | institutions. They can be also seminars or talks |
| literacy. If you want to build a 80 storey building, you | | | | organized by community services or financial |
| need to dig deep and pour in a strong foundation. | | | | organizations. |
| Similarly, if you want to build wealth and hold on to | | | | They can be financial books and periodicals found in |
| them, you need a strong foundation in financial literacy. | | | | the libraries or your local bookstores. They can be the |
| If not, it would like trying to build a 80 storey building on | | | | financial magazines like Forbes, Business Weeks and |
| 10 inch slab, and ended up with a learning tower of | | | | newspapers such as Wall Street Journal. They can be |
| debt. | | | | the business page or money page on your local |
| To be financially literate requires certain level of | | | | newspaper. |
| proficiency in these areas such as: | | | | They can be finanical news broadcasts on the radio or |
| - economics, | | | | TV. They can even be the conversations between |
| - investing, | | | | your colleagues or your neighbour, talking about |
| - accounting, | | | | personal taxes! And of course, the Internet, where you |
| - taxes, | | | | easily get tons of information, both from authority sites |
| - money management | | | | as well as from personal sites. |
| - and even business building. | | | | If you truly want to accelerate your learning to |
| All these are not easy subjects to master and require | | | | become financial literacy, you should find yourself a |
| time and effort to accumulate the knowledge. | | | | mentor. Find someone who is successful who can give |
| However, it is not next to impossible. Do not be frighten | | | | you timely financial advices based on the experiences |
| off by the level of difficulty in mastering them. It's | | | | he had. Someone who had gone down the path |
| possible if you choose to do so. | | | | before and someone whom you think you can model |
| Start off with something simple or something which | | | | after. |
| you are already familiar with. For example, you may | | | | Lastly, remember to learn and apply. Financial literacy |
| have heard of the terms balance sheet or assets | | | | has no value if you don't put it to good use. |
| verus liabilities. You can begin from there, learn more in | | | | |