Interesting insights which are generally know. Big focus on increasing your own financial intelligence which, I agree, is not taught in schools. Important focus on the weak areas that might be stopping each individual from reaching their top level of intelligence (which applies for every aspect of our lives).
Financial intelligence according to this book is gained through learning about finances, financial risk, investment, taxes and business law as early as possible, investing and taking risks, learning from top expert in each field (to save yourself time) and honing the skill to a higher level with each year of active experience.
Some points stood out now that I am reading from a more European socialist environment and some ideas are definitely not as applicable but a great book to get you thinking about your own management of money and depending less on your job, state and pension for the financial freedom you want.
Personally I took away two mains ideas:
1) It is ok to fail and the wisest investors are those who have learned through their failures.
2) Every month you must pay yourself first before you pay other (rent, food, taxes, etc) - was rather counterintuitive at first, but I understand it and agree with it after reading the book.
"Invest first in education. In reality, the only real asset you have is your mind, the most powerful tool we have dominion over. "
"Simply put, people who have low self-esteem and low tolerance for financial pressure can never be rich. As I have said, a lesson learned from my rich dad was that the world will push you around. The world pushes people around, not because other people are bullies, but because the individual lacks internal control and discipline. People who lack internal fortitude often become victims of those who have self-discipline."
Its really amazing story teach this to young students who want to be rich who wants to enter the higher air, you are not born to be poor if you are born poor, its you what you chose!
Really pushes you to take control and learn about money in a whole different way! Challenging and inspiring