Financial education is important for various reasons. For example, financial education helps me to identify risks so that I can avoid financial traps such as the use of future money from credit cards on luxury items. By using my future money, essentially I will be depriving myself of the chance to invest in assets that will generate passive income. Passive income is the key to creating wealth, as I have understood from the book Rich Dad Poor by Robert Kiyosaki. Also, I will need to pay large amount of compounding interest for my outstanding credit cards bills.
I have heard a lot about financial education but I rarely heard anything on time education. Yes, I have heard about time management but there is a difference between time management and time education. Time management is invented for busy people to manage their time. It is not meant for people who have a lot of spare time. For people who have a lot of spare time, time management does not make sense at all!
What do I mean by time education? Time education educates one on how to make full use of one’s time. It should include investment, risk management and time management just like financial education. The purpose of time education is so that one makes the best use of one’s time to realize one’s potential.
Time is a limited resource that is always draining away whether I make full use of it or not. In that sense, it is even more precious than money. Time and money is the only two available things that I can invest to create wealth based on what I had learned from the Rich Dad’s series by Robert Kiyosaki. Yet, there is no full syllabus on time education. Sometime, I wish that there were such a thing as a compulsory time education where I am taught on all aspects about time.
What are the aspects about time that I will like to learn from time education?
Firstly, I like to learn that I can earn passive time similar to the way that I can earn passive income. Using an asset that can speed up or automate a manual process, I am able to gain passive time. For example, I can leave my washing machine running while I do other things. I can reduce my washing time using the washing machine as compared to manual washing of my clothes.
Secondly, I like to learn that there is a compounding interest for time too! For example, if I am interested to learn violin. I will invest my time to learn and practice violin consistently. After the first year, my skills maybe below average. After the second year, my skills will progress because of my consistent time investment to learn and practice. After a number of years of consistent time investment, there will reach a point where I will have a break through. My skills will reach a superb level. This is like having a compounding return based on the time invested.
It will be great if there is a time projection chart that can give me a guideline on how much time I need to invest to reach a particular goal. For examples, if I want to be a superb violinist, I will need to invest 10 years of time to learn and practice. If I want to be a millionaire, I will need to invest 15 years of time to learn and practice. If I want to be a top golfer, I will need to invest 12 years of time to learn and practice.
This is like doing a projected return for my financial investments. Before I do any investment, I will like to know the projected return of the investment. For example, if fund A gives me a greater amount of projected return compared to fund B, I will probably choose to invest in fund A if the risk involved is the same. Similarly, if there is a time projection chart, I will want to choose the investment with best return.
Thirdly, I will like to know about the dangers of time wastage. If I waste my time, what are the dangers that I need to face? For example, if I do not plan for my retirement early, then I will loss the advantage of earning compounding interest for my financial investment. The danger will be that I may not have enough money for retirement.
Another example is that if I do not exercise regularly, then I will loss the advantage of building a healthy body. In the long terms, I face the danger of falling sick easily. This will cause me to loss time because I need time to recover. Also, I will loss money because I need to pay for my medical bills.
These are just some of the aspects of time education that I can think of at the moment. It is definitely more than just time management. Though I agree that financial education is important as gathered from Rich Dad’s series by Robert Kiyosaki, I also feel that time education is just as important.
SEARCH ENGINE KEYWORD RESULTS :
Let me start off by saying I am “out of integrity.” I am out of integrity with myself on too many occasions. For example, I tell myself I will go to the gym today, and guess what? The exercise to the refrigerator is a whole lot more enjoyable. (However today I actually did make it to the gym!) But I can tell you I had a task on my written to do list and I have not done it yet, I chose to write a blog post instead. I’m supposed to call a client on their content and just don’t want to, it will require me to think about their content which I want to do but don’t want to actually have to think about it. Now I know I can wait another day to do this but it just makes the flow of the project and the organization a little messier.
My integrity in the workspace really has more to do with my personal integrity with self. Because no-one knows about this other than me. I do my best to follow through on my word all the time and every time weather it be personal or professional because I treat others differently than myself, I am kinder to them than to I. I follow through with them than to I and I think you will hear that if you talk to friends and colleagues.
But back to integrity in the work place. It is these little types of things that break down communications, they then break down relationships both personal and professional. A glaring example is Tiger Woods saying “I do,” but what he really did was something entirely different. He was out of integtity with himself and his family and who knows who else. How many times in the workplace have you had a boss or a client say I will call you tomorrow with the <fill in the blank> and the call never comes. Guess what? You are left hanging.
There was probably some justification for not making the call but that person is out of integrity in the workplace as well as personally out of integrity. S/he made a promise to call and did not follow through. I can guarantee you that this happens ALL the time. We tend to be blaze about it, and say “oh they are just that way.” But at the end of the day weather it be a promise to your kid or a promise to your boss we get much better results in life by doing what we say and saying what we do.
So I will make that call to the client regarding the content.
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Integrity in the Workplace
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~ Stephen Key ~
Robert Kiyosaki’s best-selling book, Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money – That the Poor and Middle Class Do Not!, has sat on my nightstand for a number of years.
Within it, Kiyosaki advocates bold entrepreneurship and personal conviction as a means to achieving financial success and freedom; simply working as an employee will never generate significant wealth. Rich Dad, Poor Dad has been enormously successful. What advice does Kiyosaki have to give now?
“There’s an assumption that once one has achieved a certain level of success, everything is easier. Not true! I face the same dilemmas and struggles today I did 30 years ago.
It’s only the paradigm that has shifted. The way I perceive these problems is different; there’s a different sophistication level. But the lessons I learned as an entrepreneur working on a Velcro and nylon product decades ago are still relevant,†Kiyosaki explains.
Before becoming a best-selling author, Kiyosaki was a product developer. He counts his inexperience and naivete at that time as a blessing. “If, at the time, I knew how much I did not know, I would have never started. I would have stayed in the Marine Corps, done my 20 years, and collected a paycheck. It’s a great thing I didn’t know,†he says with laughter.
It’s the fearless acceptance of the mistakes he made (and, according to him, continues to make) as a result of that naivete that has allowed him to be so successful. “I blundered along then and I often feel like I’m blundering along now. What’s changed? I have smarter advisors,†he reveals.

But as intelligent as they may be, Kiyosaki’s advisors aren’t responsible for his willingness to try and try again. “The biggest skill I have is making mistakes. I’m pretty much an expert now. In the corporate world, if you make mistakes, you’re fired. But in the entrepreneurial world, if you’re not making mistakes, you’re not learning. I enjoy making mistakes. As far as I can tell, every mistake is accompanied by a priceless lesson. I’ve built my life around these lessons.â€
While most people avoid fear rather than seek it, Kiyosaki adheres to a different principle. “If I don’t have butterflies in my stomach, there’s no sense working,†he says.
Kiyosaki can explain his perspective on failure and fear in numerical terms. Simply put, the number of failures you experience is a reflection of the degree to which you’re putting yourself out there. And having the courage to put yourself in a position to fail will ultimately lead you to success. If you never try, you’re never going to fail. But more important, you’re never going to succeed.
“The biggest problem wannabe entrepreneurs have is believing they’re going to ‘do what they love’ — but really, a big part of being a successful entrepreneur is doing what you don’t want to. And failing is part of that.â€
Although Kiyosaki admits that the economy is “terrible,†he doesn’t view it as an impossible climate. “If you don’t make someone else money, they’re not going to give you their money. This principle is true in any economic climate. Show your client how you’re going to make them money. It may not be as easy now, but it’s possible. Get creative,†advises Kiyosaki.
But don’t, he says, talk too much. “Most people overpitch. We have two eyes, two ears, and one mouth. Observe body language and act accordingly. Most salespeople talk too much — don’t.â€
More here:
Robert Kiyosaki: “The biggest skill I have is making mistakes.â€
Kim describes her thoughts, decisions and fears of her first investment purchase. Listen in as she talks about the time it took to find the property and her fears of making a bad investment.
I have learned many lessons as a result of reading Robert Kiyosakis books.
These are just a few I would like to share with you. But bare in mind, these principles may throw everything you may have learned out the door.
Lesson #1: Your house is a liability, not an asset.
Lesson #2: Leverage is the reason some people are rich and others do not become rich. And most people do not become rich because they fear the power of leverage. And the most powerful leverage in the world is your MIND.
The poor and middle class have a hard time getting rich because they try to use their own money to get rich. If you want to get rich you have to learn to use others money…not your own.
Lesson #3: Good debt makes you rich, bad debt makes you poor.
Lesson #4: The choice of words you use will make you rich or poor. Words are powerful tools…tools for the brain. It does not take money to make money. “Getting rich begins with your words and words are free.â€
Poor people say ‘I can’t afford it’ more often than rich people. Your words become flesh.â€Poor people use poor words create poor peopleâ€.
Lesson #5: The problem with having a job is that it gets in the way of getting rich.
Lesson #6: The biggest challenge you have is to challenge your own self-doubt and your laziness. If you want to change what you are you must take on your self doubt and your laziness. It is your self doubt and laziness that deny you the life you want,â€. If you will take on your self-doubt and your laziness, you will find the door to your freedom.â€
Lesson #7: It is your “Why†that gives you the power to do the how to. Instead of looking inside of themselves to find a ‘why’ they want to become rich, most people look for the easy road to wealth, and the problem with the easy road is that the easy road usually ends in a dead end.
Lesson #8: Unless someone has a passion for something, it is difficult to accomplish anything. Rich Dad used to say. “If you want something, be passionate. Passion gives energy to your life. Passion gives energy to your life.
Lesson #9: Take at least 1 hour each month to reflect on your life. Taking the time to reflect on Robert Kiyosaki life raised the following ideas.
1. What he thought was important was not that important.
2. What was important was where he was at, not where he was going.
3. There is no one more important than the person in front of you at that moment. Take that moment to be with him or her.
4. Time is precious., dont waste it…appreciate it.
5. Sometimes stopping for a moment is harder than staying busy.
Lesson #10: A high paying job without ‘Financial Education’ often means the person gets deeper in debt faster than someone with a low -paying job. That is not too intelligent.
More:
10 “Retire Young, Retire RICH†Lessons




