Activity 7

A. The SEVEN Things You NEED To Learn for Your Financial FREEDOM

- Robert Kiyosaki

When Robert Kiyosaki was young, his poor dad always told him the best path to success
was to go to school. This was and still is advice spread to young people around the globe. The
problem is, what does school teach you about money? Nothing! Robert’s rich dad, on the other
hand, didn’t have a college degree. He had to drop out of school in order to help his family and
run family business, which started as a local store. Yet! he was very rich and successful,
eventually building a real estate empire, complete with a hotel on the beach.

The idea that school will make you a success is perpetrated everywhere all the time.
What will make you rich is not going to school and learning book smarts but rather gaining
financial smartness learning how money works and how to make it work for you. You need to
understand the language of money to be successful. This requires financial education, which
opens up a whole new world, a world where you can succeed on your own. Unfortunately, our
schools don’t teach that language. They teach you the basics, and then they either teach you a
specific trade or skill, or they simply train you to be an employee.

B. THE BIGGEST MISTAKE YOUNG PEOPLE MAKE

- ROBERT KIYOSAKI
When we are in our 20s, most of us start in the E and S area of the quadrant because
we say, “I want to have a career that I love.” Basically, we are saying that whether we go to
college or not, we go into our career or just get a job. We get into debt or add more debt on top
of current debt. But we do not want to learn how to invest in a career that we love. Well, to
invest in a career that we love, we have to learn other areas in that business that we love; as
well as, accounting, finance, where is the money going, how is it coming in, how to save our
money and where to invest it. We need to get more educated; read more or take online courses.
There are lots of online courses we can take for free. We can call any Real Estate Company,
University, or Library of the state we live in, they can point us in the right direction of where to
find these free courses. If we are super savvy with technology, we can type any topic into the
search area and learn about it. I know for me and my husband, we did that mistake back in our
20s. We were not educated enough or had the proper experience to lead to financial freedom
the right way; if we just had listened, learned, and read more, it would have benefited us
tremendously going forward.
We finally got smart in 2005 in our late 20s, cleared up our debt from college, our car
debt, our credit card debt, which in turn took us about 2 years. We read everything from money,
to finance, investing, budgeting, and learning from others that did it the right way. We then,
started investing in what we love. Which I have to point out takes time for everyone; regardless
of when one begins this journey. 
I am sure some of you that are reading this are saying, “Where do I start; I have no time
to read, take free courses online, or go to the Library?” I have news for you, if you only have 5
or 10 minutes a day to learn, that time will save you from being behind in your journey. Block out
some time at 5, 6 or 9am, on your lunch break, when the kids are at school or napping at home,
5 or 10 minutes at night when it is calm and the kids are in bed. Over the course of 5 days for 1
week, that is 25 minutes @ 5 min/day or 50 minutes @ 10 min/day. That is quite a bit of minutes
to get some education done. You can also journal a plan of what you have to do each week,
calls, or reading in 1 weeks’ time. Also, if you’re at college on a lunch break or sometime
between classes free, that is also a great time to educate yourself on money; how to start or
continue your journey to get to the B and I area of the quadrant. However, if for some reason
you miss out on that learning one day, do not stress about it, just continue on the next block out
day and time you provided for learning. 
I will leave you all with this...
Imagen if we all learned how to manage our money the right way in our 20s...There would be
small debt, or we would be debt free. We would see more people managing or investing in their
own businesses or other businesses; besides investing in what they love. More people would be
taking time for themselves, have a less stressful life, and start to not work as much by the time
they are in there 40s or early 50s. They would be enjoying life more or be enjoying the journey
to get there. We would then be in the B and I area of the Cash Flow Quadrant.