In this video, Robert Kiyosaki interviews a young man and demonstrates the importance of financial literacy for kids.
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Financial Literacy for Kids
Robert Kiyosaki introduces John-Paul Pigeon from Texas as his youngest protégé. Kiyosaki predicts that John-Paul will be bigger than Bill Gates or the guys at Google.
John-Paul first read Rich Dad, Poor Dad at age seven! He joined a Network Marketing company because he wouldn't have to endanger himself by talking to strangers and it provided good growth potential and the opportunity to learn salesmanship.
Eleven years old at the time of the video, John-Paul's future plans are to increase his passive-residual income, acquire some real estate and increase his net worth. He intends to have enough passive-residual income that he will never have to work a job.
Did you catch that John-Paul predicted the burst of the real estate bubble and had encouraged his parents to invest in oil and gas commodities instead?
Financial Literacy for Kids
Also impressive is that John-Paul's parents recognized that he had a passion for entrepreneurship. They encouraged him to take advantage of training that provides financial literacy for kids.
“I don't necessarily encourage every child this age to want to be a entrepreneur and investor, because children should develop their interests.
I remember when I was John-Paul's age, I really felt alone a lot of the time, because most of my friends were going to be employees or work hard or be sports guys. All I wanted to be was an entrepreneur and investor.
I am really glad that [John-Paul's] mother brings him here [to The Learning Annex.]”
I was in Iraq, and had just gotten off tower duty. One of my friends was reading a book, and I asked him if I could read Rich Dad, Poor Dad. This book taught me to want more from my life and to get out of the quadrant of slaving away working for someone else. I have to give kudos to Robert Kyosaki for getting my mindset out of negativity and into wanting to own my own business. Now I encourage my own children to pursue financial literacy for kids.
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Photo Acknowledgement: “Smiling Boy Counting Money” by David Castillo Dominici at freedigitalphotos.net
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Great stuff Mike! I remember picking up Kiyosaki in 2006. I taught teen financial literacy for Nouveau Riche when they launched it with Phil Lecter (His mom wrote rich dad poor dad with Robert)
Craig Casler's Online Marketing says
Robert Kiyosaki's book Rich Dad Poor Dad is THE book that got me interested in Financial Literacy. If I would have read it as a kid my life would totally be different today.
Brian McDaniel says
I would totally AGREE!!!! As a matter of fact I've been thinking about how to teach my daughters the importance of financial literacy. Thanks for the great idea!
Good article. I will be facing many of these issues as well..