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And while I am glad people have been getting richer and richer; I only caution that in the long run; it's not how much you make; it's how much you keep; and how many generations you keep it。
So when people ask; 〃Where do I get started?〃 or 〃Tell me how to get rich quick;〃 they often are greatly disappointed with my answer。 I simply say to them what my rich dad said back to me when I was a little kid。 〃If you want to be rich; you need to be financially literate。〃
That idea was drummed into my head every time we were together。 As I said; my educated dad stressed the importance of reading books; while my rich dad stressed the need to master financial literacy。
If you are going to build the Empire State Building; the first thing you need to do is dig a deep hole and pour a strong foundation。 If you are going to build a home in the suburbs; all you need to do is pour a 6…inch slab of concrete。 Most people; in their drive to get rich; are trying to build an Empire State Building on a 6…inch slab。
Our school system; having been created in the Agrarian Age; still believes in homes with no foundation。 Dirt floors are still the rage。 So kids graduate from school with virtually no financial foundation。 One day; sleepless and deep in debt in suburbia; living the American Dream; they decide that the answer to their financial problems is to find a way to get rich quick。
Construction on the skyscraper begins。 It goes up quickly; and soon; instead of the Empire State Building; we have the Leaning Tower of Suburbia。 The sleepless nights return。
As for Mike and me in our adult years; both of our choices were possible because we were taught to pour a strong financial foundation when we were just kids。
Now; accounting is possibly the most b