I recently (about an hour ago) commended two books, Rich Dad Poor Dad by Robert Kiyosaki and The Automatic Millionaire by David Bach, and received this comment from Jeff Carr, contract writer at Microsoft and expert Know More Media blogger:
“I've read both books you mentioned, and can offer praise for both. In fact, I wish they were part of every student's reading list in middle school.”
Jeff is exactly right, and shame on us that we do
n’t have kids reading those books. I’ve been a parent of middle school students for 12 years (having seven kids, it just works that way). I also spent last year substitute teaching middle school and high school students. They are taught nothing about how money works.
I spent one class period with a group of bright, eager seniors. Rather than review for another literature test, I explained how the Rule of 72 works, and suggested that, rather than buying a new car with a $300 monthly payment, buy a car with a $100 payment and put the extra $200 every month into a savings vehicle (like a VUL at 12 percent) that could make them millionaires by the time they were my age.
These kids looked at me like I had just stepped off
Shame on us that he hadn’t. Are schools in your area the same?
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