Book: Rich Dad Poor Dad; Step-6

Published: 1997 & Pages: 336

12x Step Learning

Step-6
Importance of Financial Education

Let’s dive back into Robert Kiyosaki’s story. When Robert and Mike were young, they got a special opportunity. Rich Dad, who was a successful business owner, taught them everything about his business. They attended meetings with bankers, lawyers, and accountants, learning what it takes to be a successful businessperson. The boys learnt a lot from Rich Dad, but this caused a problem. The things they were learning from him made it hard for them to take school seriously. School kept telling them that studying and working hard would make them successful and wealthy. No one seemed to think that understanding money and finances was important, except for Rich Dad.

Kids are not taught about important money topics like saving and investing, and this leads to problems. Many young people, even in high school, end up maxing out their credit cards. This lack of knowledge about money is a problem for both young people and even educated adults who make poor financial decisions.

For example, many people don’t have a plan for their retirement. In the United States, half of the workforce doesn’t have pensions, and of those who do, a large percentage have pensions that don’t work well. It’s clear that society hasn’t prepared us with good financial knowledge. But one of Kiyosaki’s important lessons is to become financially literate. So, what can you do? Educate yourself about money and start creating a plan for your finances.

بسم اللہ الرحمان الرحیم،

اردو ترجمہ جلد پوسٹ کیا جاےَ گا، انشاءاللہ

10x Short Questions

1. Who taught Robert and Mike about business when they were young?

Rich Dad, a successful business owner.

2. What did the boys learn from Rich Dad's teachings about business?

They learned what it takes to be a successful businessperson, including meeting with bankers, lawyers, and accountants.

3. What problem did learning from Rich Dad create for the boys?

It made it hard for them to take school seriously.

4. What did school keep telling the boys about success and wealth?

School kept telling them that studying and working hard would lead to success and wealth.

5. Why was understanding money and finances important to Rich Dad?

Rich Dad believed it was important, but others didn’t seem to think so.

6. What money topics are kids often not taught about?

Kids are often not taught about saving and investing.

7. What happens when young people don't learn about money topics like saving and investing?

They may end up maxing out their credit cards.

8. What is a common problem for people in the United States regarding retirement plans?

Many people don’t have pensions, and even those who do often have pensions that don’t work well

9. What key lesson about money does Kiyosaki emphasize?

Kiyosaki emphasizes the importance of becoming financially literate.

10. What should you do to become financially literate and improve your financial situation?

Educate yourself about money and start creating a plan for your finances.

10x MCQs

0

Book Summary Rich Dad Poor Dad Test-6 (QM)

Book Summary Rich Dad Poor Dad Test-6 (QM)

The number of attempts remaining is 100

1 / 10

1. What happens when young people don't learn about money topics like
saving and investing?

2 / 10

2. What did school keep telling the boys about success and wealth?

3 / 10

3. Why was understanding money and finances important to Rich Dad?

4 / 10

4. Who taught Robert and Mike about business when they were young?

5 / 10

5. What did the boys learn from Rich Dad's teachings about business?

6 / 10

6. What problem did learning from Rich Dad create for the boys?

7 / 10

7. What is a common problem for people in the United States regarding
retirement plans?

8 / 10

8. What key lesson about money does Kiyosaki emphasize?

9 / 10

9. What money topics are kids often not taught about?

10 / 10

10. What should you do to become financially literate and improve your
financial situation?

Your score is

0%

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