Tag Archives: if you want to be rich and happy

Why You Need to Give Your Children “POWER”, Before You Give Them Money

“Give your children power, before you give them money.” – Robert Kiyosaki

I had a completely different article in mind for today, on parenting. But when I shared Robert Kiyosaki’s above quote on Facebook earlier today, Efe Ohwofasa asked a question that made me respond with an epistle of sorts :-) By the time I was done, I realised it would make useful education for other parents.

Below: Screenshot of my posted quote and Efe’s question

Screenshot of my posted Robert Kiyosaki quote on Facebook, and Efe’s question...

He basically posted this question: “Power in what terms?”.

An excellent question. Because, for the un-initiated readers (i.e. those unfamiliar with Kiyosaki’s writing), the word “power” could mean many things.

And that could result in mis-interpretation of that quote – or confusion in the mind of the reader.

What Follows Below Is a Paraphrased Version of the Response I Gave on Facebook

The word “power” in that quote, refers to the ability to make finer distinctions in life.

In other words, one with such power would be able to think independently from the crowd. S/he would consequently be able to take smarter money management decisions, to achieve financial security.

The quote therefore implies that Kiyosaki  believes that’s the kind of power parents need to give their kids.

And I agree fully with him – based on my experiences as a child, and also drawing over 10 years as a parent (to 5 kids).

Giving Children Such “Power” Early In Life, Will Free YOU From “Parenting” Headaches Later In Life!

And that’s something any wise parent should aim to achieve.

No parent wants to worry about his/her grown up children, in old age. I know I don’t!

Empowered children will handle themselves and their affairs proficiently. Even when they encounter setbacks or difficulties in life, they will have the physical and intellectual capacity to recover/progress.

Simply put, a child given such “power” will often make the right choices, to reap success in life.

Virtually every one of Kiyosaki’s books, offers information and education to “EMPOWER” readers – especially parents – and their kids.

I bought the following three (3) books authored by him in 2000, from Amazon.com back in 2000:

“Rich Dad, Poor Dad”, “Rich Kid, Smart Kid”, and “If You Want to Be Rich and Happy, Don’t Go to School?”

I know there are others. But those are the ones that have made the most impact on me.

The 3rd one remains my favourite (i.e. If You Want to Be Rich and Happy, Don’t Go to School?). This is because it validates my argument about major defects in our traditional schooling system.

My argument is that formal schooling as done in most societies today, is NOT enough to prepare kids to achieve BALANCED success in the real world.

Many thought leaders apart from Kiyosaki, have said the same thing in recent times.

Two excellent examples are Sir Ken Robinson – knighted by the Queen of England for his work on education, and Seth Godin himself.

Both have repeatedly called attention to the fact that conventional schooling kills creativity in kids.

Ironically, Kiyosaki’s “If You Want to Be Rich and Happy, Don’t Go to School?” which raised these serious issues, has not gotten as much attention from parents, as the others!

This is especially so in Nigeria/Africa – where I live and was born/bred in.

The reason for this apathy is that “formal education” provision out here has become big business.

As a result, learners are no longer the centre of attention. They consequently emerge from “formal schooling” LESS than empowered. That’s why the typical “graduate” roams the streets, complaining about lack of jobs.

When challenged to consider self-employment s/he further moans: “I have no capital”.

In reality however, s/he struggles mainly because s/he cannot create solutions people want in society!

Creative Thinking is Not Necessarily a Function of Formal Educational Accomplishment

That’s why history has records of many who did not attend school, or who dropped out, that got rich.

And they did so by creating stuff we wanted.

Indeed, as I’ve mentioned earlier, most people who pass through formal schooling, tend to leave with LESS creativity, than they came in with.

It is for this reason, that those who know (like Kiyosaki, Godin and Sir Ken Robinson), are saying our current school systems kill creativity!

A Child Who Can Use His/Her Creativity Productively Has “Power”

S/he will know exactly what to do with money when you give it to him/her – and will not waste it.

I’ve been applying a lot of Kiyosaki’s ideas in coaching my kids. I explain how in my articles. For instance:  The Trick About Parenting (Based on A Tip from Robert Kiyosaki).

I’ve also come up with a few of my own ideas and concepts too. Read my article titled: Schools Can Kill Your Child’s Creativity – IF You Don’t Apply These Tips.

Interestingly, a stunning demonstration of creativity that my kids recently put up, has proven that this approach works. With respect to the foregoing, see a recent article I wrote as a tribute to them, titled: 10 Year Old Uses Dead Laptop Battery, to Build Home-Made Rechargeable Lamp.

The above story proves that “empowered” kids will naturally evolve into self-directed achievers!

To Empower YOUR kids, Start UN-LEARNING Anything From Your Schooling That May Impede You

“The illiterate of the 21st century, will not be those who cannot read or write. They will be those who cannot learn, unlearn or relearn.” – Alan Toffer

I recommend reading my parenting articles on this theme. Also read articles and/or watch videos by Robert Kiyosaki, Sir Ken Robinson, and Seth Godin on the same subject.

Incidentally, I mention, and link to many of the above authors’ works, in my parenting articles.

Here’s wishing you good – “parenting” – luck!

Teach Your Child to be Brave Despite School

In Seth Godin’s manifesto – titled “Stop Stealing Dreams (What is school for?)” he wrote, under item 33, titled “Who will teach bravery?” as follows:

“Bravery in school is punished, not rewarded. The entire institution is organized around avoiding individual brave acts, and again and again we hear from those who have made a difference, telling us that they became brave despite school, not because of it.

Harvard Business School turns out management consultants in far greater numbers than it develops successful bootstrapping entrepreneurs. Ralph Lauren, David Geffen and Ted Turner all dropped out of college because they felt the real challenges lay elsewhere.”

Now, that’s a powerful indictment of traditional schooling – at the highest level too. And it’s not the first time we’ve heard of drop outs making it in life ahead of peers who finished formal schooling.

One would have expected it to be the other way round. And it used to be – back in those days when jobs in industries awaited such dedicated school finishers.

But so much has changed today. That’s why now, more than ever, parents need to help their kids get an education relevant to the new times we’re in.

Conformance and Obedience Will Not Save You – or Your Child

It’s been over ten years since I bought Robert Kiyosaki’s “If you want to be rich and happy, don’t go to school?” from Amazon.com using a Virtual MasterCard I acquired via Netspend.com. I still smile when I recall the phrase Netspend appended beside every commission they charged, in the transaction history.

It read “Small price for getting to the end of NO:-)

I imagine that was meant to make us (i.e. card users) feel good about letting them take about a dollar per transaction. For me however, it was okay. I was in Africa, and could not have obtained it any other way.

More seriously, back then I was just as passionate as I am now, about learning everything possible to empower my kids to discover their purpose early in life.

I got that book via internal company mail from the London office. It arrived in a box along with 2 others by Kiyosaki (“Rich Kid Smart kid” & “Rich Dad, Poor Dad“) during my final 2 months in Guinness, as Training and Technical Development Manager (I’d sent in my resignation, in November 2001).

Robert’s book confirmed my feelings about traditional schooling. That fuelled my desire to break whatever remained of the hold it had on me. So, embracing self-employment (something I’d dreamt of doing for years) became even more appealing to me – just as certain colleagues called me “crazy” for qutting my high paying job!

Ironically, I learnt some were laid off a few years later. They were apparently “replaceable”! Most never saw it coming. The fears that made them avoid preparing for that possibility eventually made them lose out – despite the fact that they obeyed, and conformed, as school taught them!

Times Have Changed – But Our Schools Are Reluctant to Catch Up

We owe our kids a duty to prepare them to take smarter decisions in their lives. And we cannot pass that duty to anyone else.

It will never be wise to leave such an important responsibility to our kid’s teachers.

Many parents have gotten away with it in the past – especially during the industrial age. Back then, schools taught kids to be the kinds of employees industries needed. However, since then the world has moved on. We are now in a fast changing information and technology driven global community.

The nature of teaching our schools need to provide has also changed.

Sadly, many school administrators, teachers and parents still fail to realise what this means for them.

Many kids are entering the real world as adults, only to realise they’ve been very inadequately prepared for the challenges they are confronted with.

Seth shared a quote published in the New York Times, credited to Rebecca Chapman, literary editor of “The New Inquiry”, an online journal:

“My whole life, I had been doing everything everybody told me. I went to the right school. I got really good grades. I got all the internships. Then, I couldn’t do anything.”

I have experienced what Rebecca describes above first hand – as a graduate job seeker, and even worse when I became an entrepreneur. And I hated it.

We Must Not Let School Impact Our Kids In The Same Negative Manner!

I’ve vowed to do everything in my power to control the impact of formal schooling on my kids.

I urge you to do the same for your child. Teach and encourage her to be brave in spite of whatever she sees or hears in school. Let her understand that risk-taking and courageous acts in particular, are not to be avoided.

For example:  Asking questions others may be scared to ask; proposing alternative ideas others may be afraid to voice; exploring subjects, issues or places others are reluctant to investigate; taking steps to achieve goals or objectives or dreams that interest or appeal to her. And so on.

Doing things like the above will enable her achieve valuable self-education, and ultimately gain extraordinary insights into life.

You must also make yourself also a worthy role model by walking your talk, so s/he can be inspired to follow your example.

If you do the above, your child will enter the world better prepared to succeed, in any area of endeavour s/he ventures.

And YOU will harvest peace of mind from that knowledge alone.