Rich Dad: Why Teach Financial Literacy?

Lesson 2: Why Teach Financial Literacy?  why don't they teach this at school?

The growing gap between rich and poor is rooted in the antiquated educational system. The system trains people to be good employees, and not employers. The obsolete school system also fails to provide young people with basic financial skills rich people use to grow their wealth.

The Best Way To Make Money! The Power Of Your Mind

If you have read and understood “MONEY OR VALUE” and you have chosen that way, the next thing on your mind should be “The best way to make money.”

If you want to make money, you need to ask yourself some questions and make some necessary research. For example in a city like Lagos or Abuja where the combined population is over 20 million people and on the average a person spends 150 naira on food in a day. That will come to a total of  3 billion naira spent on food every day.

When people say there is no money in town, they may not be stating the truth. The truth is that there is money, but they have not been able to see it. Because you do not see money with your eyes, you see it with your mind.

Let us take our illustration a little further. The supposed 20 million people in both cities need houses to live in. Those houses are built with cement, gravel, sand, iron rods and roofing sheets. These things cost money to buy. But it is those who are selling them that make the money.

Each of the 20 million people puts on at least two pieces of cloth per day. They wear around 20 million pairs of shoes. They brush their teeth everyday with toothbrushes and toothpaste. Most of them use soap for their bath and wash their clothes. May be 70% of them move from one part of the city to the other every day. They sleep on beds which have mattresses, which need bed sheets and pillow cases. The children within the population need to go to school.
Can you see how to make money now?

What you have to do is to solve a particular kind of problem for a fraction of the people in you can by giving or adding value and money will flow in your direction. By the way, we describe the money spent in a country as its currency. Currency describes a current or something that flows. Actually, money flows. Each time you spend money, someone makes money. Why not be the one making the money? It is now your turn to prosper. Write down your own goals and work towards creating value and problems you are to solve for people.

It may not work out the way you expected the first time, but with persistence, determination and the
willingness to learn along the way, you will achieve your goals.
Another thing you should be mindful of is the fact that you will make mistakes. But do not be afraid, all you need to do is learn from your mistakes.

"Have no fear of perfection - because no one ever reaches it."

Money OR Value? Which is more Important?

When money comes into your life, it likes to take the first place and alter what you think about it you begin to worship it.

But “No servant can serve two masters. For either he will hate the one and love the other or else he will be loyal to the one and despise the other. You cannot make a honest living without creating real value for money.

Money must never take the first place in your life. Settle that forever, and you will be a great success.

“The love of money is a root of all kinds of evil" for which many have strayed from and pursued money instead of value in their greediness and pierced themselves through with alot of failure”.

If I were to have something to say to the young generation of Nigerians today, it will be this; “Money is only a means of exchange. If you want to break free from poverty, keep this at the back of your mind. "You will not get something for nothing."

Because there has been so much poverty and deprivation in our society today, due to mismanagement and the greed of some other people, many people want to survive at all cost. People want to make money by all means.

But note this, when it comes to the issue of money, except you bring something that has value, something that has worth, something that is usable that will meet a need in somebody’s life to the market place or the place of exchange, you will not get money.

It is not the absence of money that makes a person poor, it is the absence of value.

If you fall into the trap of making money illegally like many people have, it will distort your values and then redefine wisdom for you. For someone who is in love with money and who wants to get it at all cost, ‘money is the beginning of wisdom and whatever he has to do to get it, is right’. Whatever will not bring it is what is wrong. So today we have people who are hurting other people and even killing others to make money.

                             
If you want to put money where it belongs in your life, sacrifice is the key. Making money is not as important as getting value. Without value, every money you make will seem useless.

Myles Munroe said “If the value of a thing is not known, the abuse of it is inevitable.” I realised that ultimately, what you will be abusing is your own life.

This is a great gift for you. It is absolutely free and life-changing!! Do not think about it, just Try and create value!!!

You will succeed!

Rich Dad: The Rich Don't Work For Money

Lesson 1: The Rich Don't Work For Money

 Some people quit a job because it doesn't pay well. Others see it as an opportunity to learn something new

At age 9, Robert Kiyosaki and his best friend Mike asked Mike's father (Rich Dad) to teach them how to make money. After 3 weeks of dusting cans in one of Rich Dad's convenience stores at 10 cents a week, Kiyosaki was ready to quit. Rich Dad pointed out this is exactly what his employees sounded like. Some people quit a job because it doesn't pay well. Others see it as an opportunity to learn something new.

WORK TO LEARN
Next Rich Dad put the two boys to work, this time for nothing. Doing this forced them to think up a source of income, a business scheme. The opportunity came to them upon noticing discarded comic books in the store. The first business plan was hatched. The boys opened a comic book library and employed Mike's sister at 1$ a week to mind it. Soon they were earning $9.50 a week without having to physically run the library, while kids read as much comics as they could in two hours after school for only a few cents.

In the process, Robert was taught the following lessons:
Don't accept mediocre circumstances just because they're handed to you.
Making more money doesn't help, if you don't have financial literacy. As income increases, most people increase their expenses, and end up with nicer stuff, but no more financial freedom than when they earned less.

The rich have money work for them."

Most of us become enslaved to money, and then get angry at our situation. Or at our boss. But our boss isn't the one exploiting us; we're exploiting ourselves (by trading time for money, and by working for money, instead of letting the money work for us).

According to Robert Kiyosaki's Rich Dad, "The poor and middle class work for money. The rich have money work for them."

Exclusive:Top Places To Find A Jobs In Nigeria

With a national unemployment rate getting closer to 25%, and the number of unemployed people on a similar level, finding a job is still a top priority for many Nigerians. Based on success rates and statistics on employment information from the information ministry, Here are BLID NIGERIA 5 cities job searchers should keep an eye on.

5. Port harcourt - One of the states in the southern part of Nigeria with a population of 1,382,837. The city which is one of the top oil producing cities in Nigeria have an unemployment rate of  about 19.2 percent. With various multinational having a base in port, Reports gathered  from statistics- rate of application and success rate of  the unemployed suggests that the area has about 30 unemployed people per advertised job.

4. Kano - A city with a population of over 9 million. kano is one of the top producers and exporters of  textile materials, leather and grains in Nigeria Kano still maintains its economic and business edge with it producing the richest black man - Aliko Dangote. Commercial agriculture is the main employer of labour. Some of the biggest industries in Nigeria also have their base in kano.

3.Kaduna - Government is the top employer in the state, followed by professional and business services, according reports from the success rates and statistics on employment information   there are about 20 unemployed people per job listing, Kaduna's unemployment rate is below 18.7 percent, which is lower than any national average.

2. Lagos - is the most populous city in Nigeria and is the second fastest growing city in Africa and the seventh fastest growing city in the world, with a population of over 9 million.the major employers of labour includes the private sector,Government, information and communications technology companies Lagos unemployment rate is below 18.7 percent, which is lower than any national average.

1. Abuja - Abuja is the capital city of Nigeria and is located in the centre of Nigeria, within the Federal Capital Territory. The federal government provides Abuja's largest number of jobs, according to our research,  the financial, technology and hospitality sectors are the largest industries and also help keep unemployment in check.The level of unemployment in Abuja is low,this however doesn't mean everyone is guaranteed a job in Abuja,Nigeria

Leave your comments below what do you think of the unemployment rate in Nigeria?