Millionaire Secret - Parents Edition (part 1 of 3)
IMPORTANT: Please forward this LIFE-OR-DEATH article to all the parents you know. The well-being of their children is at stake. Click "Forward" in your email browser or "Email to a friend" at the bottom of this article
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With their parents' permission, I want to sit down with every one of my nephews and nieces at some point during their teenage years and have a frank talk with them. No, no, not about the birds and the bees! (Hey, I had to find out about those darn birds and bees for myself!)
Rather, I would ask them bluntly a very philosophical question:
"Do you want to become a slave or a prince / princess?"
It's a very simple question. Their answer (and I want to feel their entire body vibrate with conviction as they state their answer) will absolutely dictate their destiny.
As you can imagine, most teenagers will want to become a prince or princess, with absolute sovereign control over their life experience and, of course, fabulous wealth.
The problem is that their parents want them to become slaves.
Let me repeat that: most parents want their children to become slaves, not princes or princesses.
Personal note: I remember a time when I had a talk with my Dad. With every cell of my body vibrating in unison, I told him, "Dad, they will NEVER take me alive!" I was referring to corporate employers seeking to "capture" the brilliant and innovative thinker and worker that I am. He believed me. He could feel the intensity with which I stated my conviction. I absolutely did NOT want my life to be controlled -- 5 days a week -- by any mortal, and I was absolutely determined to wage an all-out war in order to secure my sovereign freedom. Anyways, to encourage me, Dad said that I was the most talented in the family. I personally doubt it, but I immediately said: "Thanks, Dad. Can I have that in writing?" :-)
Yes, the statement above, which sounds vaguely like an accusation, will be shocking to most parents, but if you are a parent, I guarantee that you are more likely to misguide your children into becoming a slave than you are to guide them into become the sovereign master of their life experience.
Let me present my case, and you can decide whether to believe me or not. But remember: I take very seriously the well-being of every kid on this planet, including yours.
When you look around you, what do you see? Workers. Employees. People who spend their entire lives working for somebody else (business owners, capitalists, shareholders).
And how were they "influenced" to become workers and employees rather than entrepreneurs and capitalists? In other words, who was the single greatest influence in the life of a child growing up? Yes, that's correct: parents.
Multimillionaire Robert Kiyosaki wrote a book (actually a series of books) titled Rich Dad Poor Dad, where he tells the fictional story of how he had two Dads: one was a hard-working teacher, and the other was a wealthy entrepreneur. Although he loves both Dads, he credits his wealthy Dad with teaching him about money, business and finance.
Throughout all his books (there's even one book titled Rich Kid, Smart Kid), he offers the same valuable teaching: what you believe is what you earn. This resonates with Jim Rohn's statement that "your fortune depends on your philosophy."
Let's get back to my horrific statement that parents are guilty for guiding their children into becoming slaves.
Why do I say that? Do I really accuse parents of ideological negligence and of teaching the wrong values to their kids? Who am I, anyways, to dare make such accusatory statements?
First, let me say that I view parents as heroes. Every father or mother I have met in my life has nothing but pure love for their children. They would give their blood, sweat, tears and everything they have to protect their children and ensure their well-being and happiness on Earth. This infinite love for their children is indeed the one common trait among all parents, regardless of their education, class, skin color, religion or nationality.
Yet, almost ALL parents (99%) make the mistake of believing that what was good for them, will also be good for their children. I refer not to values in the personal sphere, like kindness, compassion, charity, friendship, etc. but to values in the economic sphere, like work ethic, careers, professionalism, self-discipline, etc.
Specifically, parents believe that the good life contains the following (familiar) pattern: go to school for over a decade and get (at least) a college or university diploma. Then, find a good, permanent, stable job. Work hard and don't cause any trouble. Save money and buy a house. Start a family. Live happily ever after.
This sounds like a good plan, except that through this entire sequence, the unspoken rule is: "Obey your master -- whether it's the teacher or the boss. You are not special or unique, therefore don't try to stand out and certainly don't try to ask for special treatment. Just focus on doing a good job or they will fire you."
The young girl who was once "Daddy's princess" now has to assume masculine traits and compete against the boys in order to go up the proverbial corporate lader. Of course, she doesn't yet see the glass ceiling, but one day, her lovely and fragile head will bump against it. (She didn't see it coming, which is why they call it the "glass ceiling." The corporate workplace is a male invention, and no amount of feminist zeal or power can change that. Women will never be treated as well as men at work, and most women are smart enough to realize this. This is why more and more women are quitting the rat race and are starting their own business. Mompreneur is a new magazine launched recently, and I predict they will do phenomenally well, just like Ms Magazine launched in the 70s by Gloria Steinem.
Boys and men face fewer hurdles at the corporate office, yet are trapped into the similar slave mentality of "working for dollars" rather than "working to gain Midas knowledge." Midas, of course, was the King who was able to turn everything he touched into gold.
Robert Kiyosaki indeed advises people to work (on a volunteer basis if they have to) in order to learn HOW to make money. That is, how to create value and financialize that value in order to create wealth.
Kiyosaki, along with many other wealth gurus like T. Harv Eker, Adrian Slywotzky, Mack Hanan and Robert Allen, teach people who to become economically creative and financially independent. These books, strangely enough, are never mentioned in any school.
That's because the purpose of schools, colleges and universities is to produce obedient employees, not wealthy entrepreneurs.
To become a wealthy entrepreneur, a child has to rely on his parents' teachings (assuming they know about business and finance). Billionaire Donald Trump, for instance, got his kids Ivanka and Donald Jr through the prestigious Wharton Business School to obtain their MBAs. But it's a likely bet that they learn much more from their dad than from any tenured professor at Wharton.
But most parents, such as yourself or those you know, do not have business training nor business experience, so they cannot teach their kids the art of economic creation and financial leverage. (I will explain more in the next post about "economic creation" and "financial leverage").
As a result, parents tend to teach their kids that hard work is necessary, that having a full-time job is necessary, that having a boss is necessary, and that being paid a fixed salary is necessary and normal. In short, being an "economic slave" is necessary, at least from the ages of 20 to 65.
Note: I recently launched an Economic Destiny 101 seminar, will talk about it in the next post also.
So subconsciously, parents teach their kids to be obedient, conformist and passive employees. The underlying message is, "You are not special, nor are you unique. Stop dreaming. Don't be an idealist. Work hard. Don't cause any trouble. Be predictable."
Meanwhile, young people, especially Gen Y, are repulsed by the blind devotion of older workers to work. Young people believe in fun, not in work. If they could, every morning, just press on a red button that says "Finish today's work in 5 minutes", they would happily press it and five minutes later get together with friends for fun activities. They don't identify with their work. They have other important things to do in life. They believe in a "life ethic" not in "work ethic."
And they are right, for life is the ultimate value, not money.
Because of this clash in values, parents don't understand their kids. And kids don't necessarily want to understand their parents, they just want their parents to leave them alone.
Parents don't realize that their children are truly multimillionaires, and that if they would just get out of the way, their kids could not only pursue their dream career but become phenomenally rich and even financially independent.
Parents don't understand the basics of wealth creation, and that it has to do with products, not jobs. So in their misunderstanding or ignorance of business principles and economic fundamentals, they rely on what has worked for them: get a job, tolerate your boss, work hard till retirement.
(To be continued)
---
With their parents' permission, I want to sit down with every one of my nephews and nieces at some point during their teenage years and have a frank talk with them. No, no, not about the birds and the bees! (Hey, I had to find out about those darn birds and bees for myself!)
Rather, I would ask them bluntly a very philosophical question:
"Do you want to become a slave or a prince / princess?"
It's a very simple question. Their answer (and I want to feel their entire body vibrate with conviction as they state their answer) will absolutely dictate their destiny.
As you can imagine, most teenagers will want to become a prince or princess, with absolute sovereign control over their life experience and, of course, fabulous wealth.
The problem is that their parents want them to become slaves.
Let me repeat that: most parents want their children to become slaves, not princes or princesses.
Personal note: I remember a time when I had a talk with my Dad. With every cell of my body vibrating in unison, I told him, "Dad, they will NEVER take me alive!" I was referring to corporate employers seeking to "capture" the brilliant and innovative thinker and worker that I am. He believed me. He could feel the intensity with which I stated my conviction. I absolutely did NOT want my life to be controlled -- 5 days a week -- by any mortal, and I was absolutely determined to wage an all-out war in order to secure my sovereign freedom. Anyways, to encourage me, Dad said that I was the most talented in the family. I personally doubt it, but I immediately said: "Thanks, Dad. Can I have that in writing?" :-)
Yes, the statement above, which sounds vaguely like an accusation, will be shocking to most parents, but if you are a parent, I guarantee that you are more likely to misguide your children into becoming a slave than you are to guide them into become the sovereign master of their life experience.
Let me present my case, and you can decide whether to believe me or not. But remember: I take very seriously the well-being of every kid on this planet, including yours.
When you look around you, what do you see? Workers. Employees. People who spend their entire lives working for somebody else (business owners, capitalists, shareholders).
And how were they "influenced" to become workers and employees rather than entrepreneurs and capitalists? In other words, who was the single greatest influence in the life of a child growing up? Yes, that's correct: parents.
Multimillionaire Robert Kiyosaki wrote a book (actually a series of books) titled Rich Dad Poor Dad, where he tells the fictional story of how he had two Dads: one was a hard-working teacher, and the other was a wealthy entrepreneur. Although he loves both Dads, he credits his wealthy Dad with teaching him about money, business and finance.
Throughout all his books (there's even one book titled Rich Kid, Smart Kid), he offers the same valuable teaching: what you believe is what you earn. This resonates with Jim Rohn's statement that "your fortune depends on your philosophy."
Let's get back to my horrific statement that parents are guilty for guiding their children into becoming slaves.
Why do I say that? Do I really accuse parents of ideological negligence and of teaching the wrong values to their kids? Who am I, anyways, to dare make such accusatory statements?
First, let me say that I view parents as heroes. Every father or mother I have met in my life has nothing but pure love for their children. They would give their blood, sweat, tears and everything they have to protect their children and ensure their well-being and happiness on Earth. This infinite love for their children is indeed the one common trait among all parents, regardless of their education, class, skin color, religion or nationality.
Yet, almost ALL parents (99%) make the mistake of believing that what was good for them, will also be good for their children. I refer not to values in the personal sphere, like kindness, compassion, charity, friendship, etc. but to values in the economic sphere, like work ethic, careers, professionalism, self-discipline, etc.
Specifically, parents believe that the good life contains the following (familiar) pattern: go to school for over a decade and get (at least) a college or university diploma. Then, find a good, permanent, stable job. Work hard and don't cause any trouble. Save money and buy a house. Start a family. Live happily ever after.
This sounds like a good plan, except that through this entire sequence, the unspoken rule is: "Obey your master -- whether it's the teacher or the boss. You are not special or unique, therefore don't try to stand out and certainly don't try to ask for special treatment. Just focus on doing a good job or they will fire you."
The young girl who was once "Daddy's princess" now has to assume masculine traits and compete against the boys in order to go up the proverbial corporate lader. Of course, she doesn't yet see the glass ceiling, but one day, her lovely and fragile head will bump against it. (She didn't see it coming, which is why they call it the "glass ceiling." The corporate workplace is a male invention, and no amount of feminist zeal or power can change that. Women will never be treated as well as men at work, and most women are smart enough to realize this. This is why more and more women are quitting the rat race and are starting their own business. Mompreneur is a new magazine launched recently, and I predict they will do phenomenally well, just like Ms Magazine launched in the 70s by Gloria Steinem.
Boys and men face fewer hurdles at the corporate office, yet are trapped into the similar slave mentality of "working for dollars" rather than "working to gain Midas knowledge." Midas, of course, was the King who was able to turn everything he touched into gold.
Robert Kiyosaki indeed advises people to work (on a volunteer basis if they have to) in order to learn HOW to make money. That is, how to create value and financialize that value in order to create wealth.
Kiyosaki, along with many other wealth gurus like T. Harv Eker, Adrian Slywotzky, Mack Hanan and Robert Allen, teach people who to become economically creative and financially independent. These books, strangely enough, are never mentioned in any school.
That's because the purpose of schools, colleges and universities is to produce obedient employees, not wealthy entrepreneurs.
To become a wealthy entrepreneur, a child has to rely on his parents' teachings (assuming they know about business and finance). Billionaire Donald Trump, for instance, got his kids Ivanka and Donald Jr through the prestigious Wharton Business School to obtain their MBAs. But it's a likely bet that they learn much more from their dad than from any tenured professor at Wharton.
But most parents, such as yourself or those you know, do not have business training nor business experience, so they cannot teach their kids the art of economic creation and financial leverage. (I will explain more in the next post about "economic creation" and "financial leverage").
As a result, parents tend to teach their kids that hard work is necessary, that having a full-time job is necessary, that having a boss is necessary, and that being paid a fixed salary is necessary and normal. In short, being an "economic slave" is necessary, at least from the ages of 20 to 65.
Note: I recently launched an Economic Destiny 101 seminar, will talk about it in the next post also.
So subconsciously, parents teach their kids to be obedient, conformist and passive employees. The underlying message is, "You are not special, nor are you unique. Stop dreaming. Don't be an idealist. Work hard. Don't cause any trouble. Be predictable."
Meanwhile, young people, especially Gen Y, are repulsed by the blind devotion of older workers to work. Young people believe in fun, not in work. If they could, every morning, just press on a red button that says "Finish today's work in 5 minutes", they would happily press it and five minutes later get together with friends for fun activities. They don't identify with their work. They have other important things to do in life. They believe in a "life ethic" not in "work ethic."
And they are right, for life is the ultimate value, not money.
Because of this clash in values, parents don't understand their kids. And kids don't necessarily want to understand their parents, they just want their parents to leave them alone.
Parents don't realize that their children are truly multimillionaires, and that if they would just get out of the way, their kids could not only pursue their dream career but become phenomenally rich and even financially independent.
Parents don't understand the basics of wealth creation, and that it has to do with products, not jobs. So in their misunderstanding or ignorance of business principles and economic fundamentals, they rely on what has worked for them: get a job, tolerate your boss, work hard till retirement.
(To be continued)
posted by Super Peter at 10:33 AM
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