I have been following Robert Kiyosaki’s online collaborative work The Conspiracy of The Rich and this post reviews his new rule of money number 6 – Learn The Language of Money.
He argues that various professionals have their own language that people entering them quickly learn to adopt. It’s the same for the rich, only about 10% of the population know and understand the language of the rich. The remaining 90% have been through standard education where the rich removed the language of money and replaced it with calculus and algebra which are pretty useless to most people outside of school/college.
He advises spending a little time each day learning the language of the rich for two reasons. Firstly if you are going to become an entrepreneur then you need to speak and understand the language of the rich. Even if you are not going to become an entrepreneur learning the language of the rich will stop you being hoodwinked by that language.
He advises to avoid false prophets who advise you to, “Save money, buy a house, get out of debt and invest for the long term in a well- diversified portfolio of mutual funds.”
He points out it would not cost a lot of money to educate kids in the language of money and in turn more of them would want to become entrepreneurs and create real jobs.
Ending on one example of how words form our reality and why learning the language of the rich is so important:
- Poor Person – I will never be rich
- Middle Class Person – I’ve got a high paying secure job
- Rich Person – I’m looking for good employees to work for me
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