4 Lessons For Financial Literacy – Robert Kiyosaki

Financial literarcy

Greetings fellow Entrepreneurs, hope your entrepreneurial journey is going on well?

Today, I got an email from the RichDad Advisors, one of my mentors and guide in finance management and real estate investment.

I decided to share this mail with you all cos it is packed with knowledge we were not taught in school, it is about lessons on financial literacy.

Read and share

Mistakes Make History

As adults, most of us know how to read. We’ve gone through the struggle and frustration of becoming literate. Thankfully, that is one thing our schools do well. But for most adults there is one type of literacy that is sorely lacking financial literacy.

Our schools do well at teaching reading, writing and arithmetic, but they are horrible at preparing people to work with money. Nearly every person who graduates from school is financially illiterate.

Here are four lessons to get you started toward financial literacy:

Understand the History of Money

To understand what will happen in the future, it’s first necessary to understand the past. History is like a train. It is propelled forward in a certain direction with a great deal of momentum. It can’t turn on a dime. If you can see where it’s coming from and how quickly then you will have a pretty good idea about where it is going, at least in the short term.

Understand Your Financial Statement

To grow rich, the key is to understand how to read and understand the three parts of your financial statement: profit and loss statement, balance sheet, and cash flow statement.

Points from my email and sent by RichDad Advisors

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Francis Nwokike

Francis is a Passionate Social Entrepreneur. Love discussing new trends in Business and Marketing. A Startup consultant. A good listener. Love to help that your business grow.

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