Rich Dad Poor Dad: S5 – E1 – What’s Your Money Blueprint?

For example, one dad would say, “The love of money is the root of all evil.” The other said, “The lack of money is the root of all evil.”

Very interesting seeing two mindsets at work here. It reminds me of the times that Jack Canfield talked about his father saying “who do you think I am? Rockefeller?” He had a number of phrases he would use….and Earl Nightingale is the one who coined the phrases: “the haves and the have nots.”

As a young boy, having two strong fathers both influencing me was difficult. I wanted to be a good son and listen, but the two fathers did not say the same things. The contrast in their points of view, particularly about money, was so extreme that I grew curious and intrigued. I began to start thinking for long periods of time about what each was saying.

Much of my private time was spent reflecting, asking myself questions such as, “Why does he say that?” and then asking the same question of the other dad’s statement. It would have been much easier to simply say, “Yeah, he’s right. I agree with that.” Or to simply reject the point of view by saying, “The old man doesn’t know what he’s talking about.” Instead, having two dads whom I loved forced me to think and ultimately choose a way of thinking for myself. As a process, choosing for myself turned out to be much more valuable in the long run than simply accepting or rejecting a single point of view.

One of the reasons the rich get richer, the poor get poorer, and the middle class struggles in debt is that the subject of money is taught at home, not in school. Most of us learn about money from our parents. So what can poor parents tell their child about money? They simply say, “Stay in school and study hard.” The child may graduate with excellent grades, but with a poor person’s financial programming and mindset.

Sadly, money is not taught in schools. Schools focus on scholastic and professional skills, but not on financial skills. This explains how smart bankers, doctors, and accountants who earned excellent grades may struggle financially all of their lives. Our staggering national debt is due in large part to highly educated politicians and government officials making financial decisions with little or no training in the subject of money.

Now you can finally understand what your blueprint is. Schools can’t teach it; governments forbid it. Look at China, a nation that has billions of workers. There aren’t many entrepreneurs there. Yes, we can say “communism,” but in a age where power is beginning to shift from the top-heavy, to everyone else…it’s dangerous times for a lot of historic companies because now they know they must rely on robots for work. They know that if we find a niche market and exploit it, we too, will become millionaires.

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