Do You Define Intelligence For Your Child By Teaching Them To Accept Differing Ideas?

"The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function."  F. Scott Fitzgerald

How do we define intelligence?   That seems like such a broad question.  I think it needs to be broken down into a specific context.  It would seem to be a different answer depending on a particular situation.  But that is the point in F. Scott Fitzgerald's quote that is highlighted in the sub headline.

In fact as a business intelligence tool, being able to consider the validity of opposing viewpoints while continuing to function is part of the overall message within

In this page, we'll draw from Robert Kiyosaki's newest book, "Why "A" Students Work For "C" Students and "B" Students Work For The Government."  In that edition, he discusses the mentality of just one correct answer being the standard in schools.  It is all straight line learning.  The teacher asks questions.  If the student gives the "correct answer", enough times, he or she scores well on a test. 

But in life, it is seldom a straight line path.  When I was flying single engine planes, we plotted a course to a destination, but the path was never directly in a line.  Things came up to push me off course.  Wind, weather, other plane traffic all combined to force course corrections.  It was always a matter of re-plotting and correcting.

I think we need to impress upon our children that lesson.  As you teach them about finances and their future, we need to remind them about the meaning of Mr. Fitzgerald's quote. 

Opinions Vary So We Define Intelligence By Considering All Options.

We presented an opinion by Peter Schiff regarding deflation.  He has been proven to be correct many times already in his economic predictions.  Robert Weidemer has also been right on the mark in his observations.  He offers a far different outlook that Mr. Schiff.  We presented some of his views in the page about a future financial crisis.

Peter Schiff also collaborated with his brother Andrew on a tremendous book that belongs in the curriculum of every high school.  Regardless of age, please don't miss out on the knowledge found in "How An Economy Grows And Why It Crashes."

And we've given you some ideas from Harry Dent.  His views are different than both Peter Schiff and Bob Weidemer.  All three present excellent information.  All three have great track records of success.  This would be a good time to keep those opposing viewpoints in focus while still being able to function. 

As I work on that idea, I also believe what Mike Maloney told us in part two of "The Hidden Secrets Of Money."  I can see a scenario of deflation settling in on America and the developed world.  I then could expect governments to see the need to "do something."  That would involve trying to force prices back up and igniting the runaway inflation fire.

But I don't know that this will happen.  No one does.  So we teach our children well to spend some time learning more about finances.  And we lead by example.  We work to increase our own financial literacy.  We recognize the value of opposing viewpoints.

"Standing On The Edge Of The Coin"

We define intelligence in this subject area as Robert Kiyosaki did in his book.  "Intelligence, for the purposes of this section, is simply to get out of the trap of a right-or-wrong world that our schools promote and look at the world of money from as many sides, as many perspectives as possible."

He concludes the chapter with, "If your mind is open to opposing ideas, your intelligence will go up.  If your mind is closed to opposing ideas, your ignorance is in control.  Intelligence or ignorance?  Your ability to keep an open mind and appreciate multiple points of view is a conscious choice.  And one that can open your world and shape your child's future." 

I think that willingness to accept opposing viewpoints could solve more problems that just financial issues.  Life lessons are hidden in many places.  Maybe we define intelligence by the ability to see those lessons and apply them?

Some of the authors mentioned in this page have works featured in our list of classic books.  That button is found in the left margin of every page.

The resource library features all six installments of Mike Maloney's outstanding video series about the history of money.

And maybe we define intelligence by watching the initiative and talent of young people who will be in charge of leading our world.  Here is a link that should inspire your confidence in the next generation.  This young entrepreneur has seen a worldwide problem and is working to fix it.

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Just below is a quote from "Don't Sweat The Small Stuff" by Richard Carlson.  The chapter title is "Open Your Heart To Compassion." 

"Every day we are given hundreds of opportunities to practice compassion in action.  We can learn to be less reactive and live with more patience.

We can smile when others are serious.  We can drive our cars more carefully, pick up litter on the streets, recycle, and reduce our consumption.

We can resolve conflicts rather than create them, and we can become less judgemental and more inclusive.  When someone is aggressive, we can teach them to be more peaceful.  Instead of waiting for an example, we can be the example.

The more compassion that enters your heart, the happier and more peaceful you will become.  By knowing that you are doing your part to create a better world-whatever form that takes-you will fill any void that exists in your life, and you will begin to find the peace you are looking for."

What's New?

Just below is an article from Peter Schiff about passing the buck from one administration to the next.

Owning The Bubble

Just below is a link to look up your congressional representatives.   Let them know you expect accountability.

Congressional Representative Look Up