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Thumb of Michigan | I think, like most of the people on this particular site, my parents were the source of most of my financial education.
With that said: I read Rich Dad, Poor Dad a couple times over the years. As well as some of the other books Robert Kiyosaki authored. I find them extremely useful, especially if ones goal is increase personal wealth.
I purchased Rich Dad, Poor Dad for kids for my daughter when she was 12. She's a voracious reader anyway, but I wasn't sure she'd enjoy that book much. She tells me every now and then even now (she's 34) how much she learned and retained from the book. And, she also delighted in having the counterpoint discussion with some of her teachers over the years as well.
Kyosaki isn't everyone's cup of tea. I get that, Myself, I find him to be a better source of information than I do someone like Dave Ramsey. But I think both are targeting different audiences, so that could be the reason I didn't find anything Ramsey was promoting all that profound.
To the comments about teachers and their financial prowess: Kiyosaki's "poor" Dad was his biological Father. He eventually was a school superintendent in Hawaii. Certainly doesn't mean all teachers aren't good with money, I'm sure some are. I don't know many who are, but my world is quite small.
Anyway, if someone is interested in teaching a young person anything financial, start with basic stuff. Balancing a checkbook. Compound interest. And maybe buy them a book such as Rich Dad, Poor Dad for Kids. | |
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Teaching Basic life skills
