STARTUP ENTREPRENEUR AND FINANCIAL

LITERACY.

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2 SECTION ONE.

Does school prepare children for the real world?

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“Study hard and get good grades and you will find a high-paying job
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with great benefits,”
And if you don't have a good job, how do you plan to get rich?
The old formula does benefits our new generation.
Get with the times! Look around; the richest people didn't get rich
because of their educations. Look at the richest people in Cameroon.
Even Bill Gates, who dropped out of Harvard, founded Microsoft; he is
now the richest man in America, and he's still in his 30s. There is a
baseball pitcher who makes more than $4 million a year even though he
has been labeled `mentally challenged.’ ”

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We youths should know and understand what we are looking for
in school. Have a definite and clear objective about your going
to school. Yes! That’s the way out.
Play it smart rather than plying it safe.
We shall see more clear and concrete answers to this
question “Does school prepare children for the real world?” in
section two.

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SECTION TWO.

Why Teach Financial Literacy?

 .

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Financial intelligence is a synergy of accounting,
investments, marketing and law.
It all starts with the mentality : “The love of money is the
root of all evil.” The other, “The lack of money is the root of
all evil.
One man will say “Study hard so you can find a good
company to work for.” and the other “Study hard so you
can find a good company to buy.” “The reason I'm not rich
is because I have you kids.” The other said, “The reason I
must be rich is because I have you kids.
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Money is not taught in schools. Schools focus on scholastic
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and professional skills, but not on financial skills. This
explains how smart bankers, doctors and accountants who
earned excellent grades in school may still struggle financially
all of their lives.
If you are going to build the Empire State Building, the first
thing you need to do is dig a deep hole and pour a strong
foundation. If you are going to build a home in the suburbs, all
you need to do is pour a 6-inch slab of concrete. Most people,
in their drive to get rich, are trying to build an Empire State
Building on a 6-inch slab. Our school system, having been
created in the Agrarian Age, still believes in homes with no
foundation.
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Rule One. You must know the difference between an asset
and a liability, and buy assets. If you want to be rich, this is
all you need to know. It is Rule No. 1. It is the only rule.
This may sound absurdly simple, but most people have no
idea how profound this rule is.
Most people struggle financially because they do not know
the difference between an asset and a liability. “Rich people
acquire assets. The poor and middle class acquire liabilities,
but they think they are assets

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The following picture is worth a thousand words:

Financial Statement of the poor

❖ Income=Expense

❖ Asset < Liability.

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Financial Statement of the rich.

❖Income > Expense

❖Asset > Liability

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11 Why. the Rich Get Richer

Income -> Assets -> More Income Expenses are low,

Liabilities are low

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Why the Middle Class Struggle.
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Income goes up, Expenses go up.

Assets do not increase, Liabilities do

increase.
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13 SECTION THREE.

ENTREPRENEURSHIP IS THE WAY .

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➢Be
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your own motivator and stay positive in all situations.
➢Regulate and control your mindset by auto suggestion.
➢Invest in the development of your stills, your talent, your health
and your wealth.
➢Here are the essential management skills for financial success.
1. Management of cash flow.
2. Management of system( time, self and family).
3. Management of human resources( People)
➢Start somewhere no mater how small.
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 15 For reference and more.

Follow me, on my Facebook page “ THE PETSEDIAS MOTIVATONS”

at-http://www.facebook.com/the petsedias-motivation. For more
motivations.
For more on FINANCIAL LITERACY, e.mail me on
petsedias@gmail.com.
For coaching on leadership and entrepreneurship, call:
699282012/652978093

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. 16 THINK ABOUT THIS

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