DebtFreeGuru.com's - Tip of the Week - Monday, August 25, 2003

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Rich Dad’s Ark:  How to Weather the Coming Flood

By John Moore

 

Robert Kiyosaki, author and creator of the best selling “Rich Dad, Poor Dad” series of books, has come out with yet another thought provoking financial education book on wealth, “Rich Dad’s Prophesy” with co-author Sharon Lechter, C.P.A.

 

Robert’s basic assessment from “Rich Dad, Poor Dad” is that we all fall into one of four categories of money earners, E, S, B, or I.  E stands for employee, S stand for self employed or small business owner, B stands for big business owner and I stands for investor.

 

Further, he asserts that society has trained us to be E’s and S’s, with little or no financial education to be B’s or I’s.

 

Some occasionally comment to me that I should do more to provide financial education to help people move from being E’s and S’s towards B’s and I’s.  It is difficult to try to be all things to all people; my mission is to increase the wealth of the planet one person at a time, teaching people how debt consumes your potential wealth.  Robert’s mission is to provide financial education, so that those of us that choose to can begin to make the shift to being a B or an I and have the skills to do so.

 

“Rich Dad’s Prophesy” explains that as a society, we need to pay attention to how certain laws change and impact the future financial and economic well being of the individual and the country.

 

Closely examining the 1974 law known as ERISA, which was intended “…to encourage individuals to save for their own retirement…a three pronged approach to retirement funding: 1. Social Security, 2. A worker’s own savings, 3. A company pension plan…”

 

While Social Security and workers own savings are still viable legs of this three-legged stool, company pension plans have virtually disappeared leaving us with, as the Washington Post said in May 2002 “...a three-legged stool with only two legs!”

 

With ERISA, “people suddenly became responsible for there own retirement…without the financial education needed.”  Further, ERISA and the aging population may create a series of severe financial patterns of devastating proportions.  While “Rich Dad’s Prophesy” does not seek to be a “doom and gloom” cry, it does seek to make us aware of possible things to come.

 

The movie, “The Perfect Storm” was based on a true story of severe weather patterns all coming together at once with devastating results.  “Rich Dad’s Prophesy” seeks to give us the financial education needed to warn and help us weather the coming “Perfect Financial Storm.”  This “Storm” is the coming together of severe financial patterns causing a long-term financial flood.

 

“Everyone has the ability to build a financial ark to survive and flourish in the future.  But you must invest time in your financial education to build an ark with a solid foundation.”

 

“Rich Dad’s Prophesy” is a must read for everyone to better perceive the financial landscape and to take further control of their financial lives.

DebtFreeGuru.com - Tip of the Week - Monday, August 25, 2003

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"Thanks, John! Your workshop was the best of any kind we've attended in 36 years of marriage.  You gave us a step-by-step way to manage our money, and now we're debt-free and watching our savings grow."  - Anne and Joe B., Church Administrator and Physician, Birmingham, Alabama

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The Author

John S. Moore has been facilitating financial planning, cash management, investment and personal growth workshops throughout the United States for more than twenty years.

 

In hundreds of workshops over the past 10 years, John has taught thousands of people how to live a debt-free, stress-free lifestyle.  He teaches primarily at Unity, Religious Science and Science of Mind churches, as well as other churches, schools and corporations around the United States.

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