Book Summary Preview : RICH KID, SMART KID

The Big Idea
This book is for parents who want to give their children valuable financial lessons which our educational system does not provide.
It may be the greatest gift of knowledge you can pass on to them, arming them with the business and money basics for a more secure future in an ever-changing economic environment.

PART 1 “MONEY IS AN IDEA”

Don’t say, “I can’t afford it”, but instead ask, “How can I afford it?”

The rules have changed, in an Industrial Age it was alright to simply graduate from school and get a job, then work for decades at the same company until retirement, Today’s Information Age demands people who are quick to adapt in a very Darwinian, primordial manner, and your kids need to start learning about money as early as possible.

CHAPTER 1 ALL KIDS ARE BORN RICH KIDS AND SMART KIDS

• Education is supposed to draw out what is within a child, rather than cram in all these irrelevant bits of information.
• True intelligence is knowing what is appropriate rather than what is simply right or wrong.

CHAPTER 2 IS YOUR CHILD A GENIUS?
Different kids have different ways of learning. Our current educational system honors only those kids who have great verbal linguistic (reading and writing) skills. The measurement of a child’s IQ or Intelligence Quotient is simply his ability to learn within this limited system.

IQ = mental age X 100
Chronological age

• Financial Intelligence is not about how much money you make, it’s about how much money you keep and how hard that money works for you.
• Your financial intelligence increases as you get older if your money is buying you more freedom, happiness, health, and choices in life.
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