This page will provide a very concise financial literacy curriculum source that will be easy to understand and will encourage you to not only immerse yourself in it, but will inspire you to teach your children the same concepts.
You will get advice and guidance from someone who has actually done it and continues to do it. You will get some examples of home study that will amaze you with the simplicity and effectiveness the study will provide.
And you will hopefully get a thirst for more knowledge. Learning should be a lifetime journey and in the coming years, more financial acumen will be vital.
I'll be giving you the "Unfair Advantages" from a classic book. It has taken a spot as one of best financial educational books I've ever read. Your cutting edge financial literacy curriculum will center around "Why "A" Students Work For "C" Students And "B" Students Work For the Government." This the second best of Robert Kiyosaki's books. He set the bar very high with "Rich Dad Poor Dad."
There are other books offering concepts in a financial literacy curriculum. Most are very technical and for many people, pretty boring. Schools don't teach it because the teachers didn't learn it either. But this book lays it out in a simple, yet complete manner. You'll get some actions steps to help your kids with each section.
At the end of this page, I'll provide a link to follow up pages that will further increase your financial literacy.
So here are the ten concepts to help you teach your children and yourself to be ahead of the crowd.
1.) "The ability to transform your money and your life." Robert explains the three types of income and how to move from ordinary income into the great opportunities in passive income. He explains how to draw out the genius in your child, ( and yourself). From his book, " The word education comes from the word "educe." Educe means to draw out, not put in."
2.) "The ability to be more generous" He explains how being more secure financially promotes greater overall generosity. You'll see a fascinating reference to a sort of hierarchy pyramid. Again from his great book, " As long as they feel insecure financially or uncertain at level two, the child will remain needy, which often leads to becoming greedy."
3.) "Lower taxes" This is a critical segment. The tax code in America is designed to reward those willing to do what government cannot do as well as the private sector. You'll see who pays the most in taxes and why. You will learn how being more generous can actually lower your taxes as well as help those less fortunate. Or those who don't use this financial literacy curriculum.
4.) "Use debt to become richer." You will learn the difference between good debt and bad debt. Your children will have the chance to avoid the debt trap that so many fall into after school with a house payment, car payments and kid payments. Your child will learn how to use debt to acquire assets that provides solid cash flow.
5.) "Expand your means," I like this one. Mr. Kiyosaki talks about how to show your kids the truth about assets and expenses. Your home is not an asset. We need a place to live, but by assuming a house is an asset, we show a lack of financial intelligence. Assets put money into your pocket. He will show young adults how to expand their means rather living below their means.
6.) "Increase your emotional intelligence." "Emotional intelligence is often called success intelligence" says Robert Kiyosaki. He highlights a list of different types of intelligence. It is important to realize the types of talents you have and those of your kids. He shows how anyone can increase their success intelligence.
7.) "Understand the different paths to wealth." Even if you don't see yourself as a millionaire, you can see the basics of this section on how wealth is computed and how real wealth can be determined. He further expands on how taxes affect different types of wealth building.
8.) "Protect your assets" Unfortunately, many people use the court system to sue their way out of debt. Mr Kiyosaki presents two types of predators. The first is obvious. Government taxes. The second is a bit more discreet. That would be people looking to litigate their way to a life of leisure.
9.) "Retire young" We've written before about this topic. Millions of boomer age people hitting "retirement age" are far short of the resources needed to survive let alone live an exciting life. Starting your financial literacy curriculum for kids early will help them avoid this pitfall.
10.) "The Law Of Compensation" Very simply put, the more you give, the more you receive. The more people you help, the better your own life becomes. He will teach your children to find mentors to guide them. Then they can fill that role later in life.
"Why "A" Students Work For "C" Students And "B" Students Work For The Government" explains each of these unfair advantages. He uses simple terms to get the message to his audience. This book is the cornerstone to your financial literacy curriculum. We'll add some more information to build on this part, but it all begins right here.
Another great book to serve as a companion to this page would be "How An Economy Grows And Why It Crashes" by Andrew and Peter Schiff. As our Einstein quote taught us, simplicity is the key. When we understand quickly, we respond in a positive manner.
As I've written in several other pages within books-empower.com, the Schiff brother's new classic should be required reading for every high school student.
Here are some other pages that will help you to expand the financial literacy curriculum for your children and for yourself. All of them are also found in the page directory located in the left margin of every page.
I would also encourage you to visit our resource library, also located in that left margin. You'll find an incredible video series that will illuminate the history of money in the world and will explain in easy to follow steps, the reason we've reached this point and how to navigate tumultuous financial events.