Sweetpeach
03-24-2008, 09:24 AM
The first book in the Rich Dad/Poor Dad series makes many interesting points which challenge the "funnel the children to university at any or all costs" viewpoint.
Just yesterday, dh and I were discussing the fact that we have two men in our lives that almost to a T describe the Rich Dad/Poor Dad paradigm. The "Poor Dad" was a thesis away from a PhD, holds a very responsible job with the government, will retire with a handsome pension and lives a nice life. He is secure.
Our "Rich Dad" (who is our real estate mentor) might have a grade 10 education, holds down a job which doesn't thrill him but coupled with his investment portfolio, his rental properties and income from selling real estate . . . guess who has the deeper pockets and is building an ocean-front property with $cash$this summer??? Guess who has a self-taught PhD in finance -- the proof is in the pudding.
No question, dh and I think university is a good path to travel, and we'll jump through as many hoops as it takes to get them there but if you want financial security for your children, then educating them about leverage, compound interest, the stock market, being an entrepreneur, savvy spending and lending a hand -- this is the education that ensures financial well-being.
Ok, thank you -- I'm off my soap box. :)
Warmly, Tricia
Just yesterday, dh and I were discussing the fact that we have two men in our lives that almost to a T describe the Rich Dad/Poor Dad paradigm. The "Poor Dad" was a thesis away from a PhD, holds a very responsible job with the government, will retire with a handsome pension and lives a nice life. He is secure.
Our "Rich Dad" (who is our real estate mentor) might have a grade 10 education, holds down a job which doesn't thrill him but coupled with his investment portfolio, his rental properties and income from selling real estate . . . guess who has the deeper pockets and is building an ocean-front property with $cash$this summer??? Guess who has a self-taught PhD in finance -- the proof is in the pudding.
No question, dh and I think university is a good path to travel, and we'll jump through as many hoops as it takes to get them there but if you want financial security for your children, then educating them about leverage, compound interest, the stock market, being an entrepreneur, savvy spending and lending a hand -- this is the education that ensures financial well-being.
Ok, thank you -- I'm off my soap box. :)
Warmly, Tricia