~~~Financial Resources for Young People~~~
Inventors, Inventions and Entrepreneurs: A Research-based Unit Study by my dear friend Pat Wesolowski. This is a unit study written for homeschoolers by a mother of nine. In it, she includes studies to pursue on being a business person as well as being an entrepreneur, which she is.
How to Understand Economics in One Hour is one of my children's favorite books. In story form, the author explains what happens in an economy when supply and demand is controlled. Click here to learn more.
Books by Richard Maybury
Richard Maybury, an extremely successful businessman, took time
out of his busy life to write a series of books on real life for young people.
Writing as "Uncle Eric" to his nephew Chris, he explains complex concepts
in a series of letters written in easy-to-understand common language that
even a 10-year-old can understand.
Uncle Eric Talks about Personal, Career and Financial Security should be titled Rich Dad's Cashflow Quadrant for Kids. In extremely simple terms, "Uncle Eric" explains the difference in the models of employee and entrepreneur. Then he lists and describes 8 Basic Skills and Knowledge that every child needs. Only three and possibly four are offered in most high schools. This simple book helps students realize a career is more than just a having a job.
Clipper Ship Strategy: For Success in Your Career, Business, and Investments by Richard Maybury is one of my favorite books on marketing. Here "Uncle Eric" uses the example of the clipper ships from the late 1800s in early America to explain the basic idea of supply and demand and encourages young entrepreneurs to learn to see opportunity and be willing to move quickly to meet it.
Whatever Happened to Penny Candy? A Fast, Clear and Fun Explanation of the Economy is a painless overview of economics you need for success in your career, business and investments.
In Money Mystery: The Hidden Force Affecting Your Career, Business, and Investments, Uncle Eric reveals why the economic times in the 1980s were so tough for so many people. William P. Snavely, Emeritus Professor of Economics at George Mason University says, "Mr. Maybury presents the complex subject of velocity in clear and concise terms, using fascinating examples from history, making this book, as well as others in the series, must reading for both young persons and adults.
Whatever Happened to Justice? William Simon, former U.S. Treasury Secretary says, "Maybury challenges the reader to explore the inextricable connections between law and economics, and between economic and political liberty. I can think of no more important subject, and I highly recommend this lucid and thoughtful volume."
Are You Liberal? Conservative? or Confused? explains how political labels affect your business, career and investments.
Ancient Rome: How it Affects You Today explains that "to build a better future we need to know how we got where we are today. The political trend that has dominated the world for 2,000 years, including the investment markets, remains almost unrecognized. Author Richard Maybury calls it the Roman Disease.
Cathy Duffy says, "Evaluating Books: What Would Thomas Jefferson Think About This? is a perfect follow-up for Whatever Happened to Penny Candy? and Whatever Happened to Justice? More than a 'book guide,' it teaches basic principles of economics and government in bite-size nuggets with examples."
The Thousand Year War in the Mideast: How it Affects You Today was written before September 11 but so clearly explains what happened.
Professor William P. Snavely says, "The entire series should be a required, integral component of the social studies curriculum in all public and private schools."
Books and Games by Robert Kiyosaki
Robert Kiyosaki is a millionaire turned author whose father was the Superintendent of Education for the state of Hawaii. His neighbor's dad was an entrepreneur. For years, he observed the two men and listened to what both told him. He started apprenticing with his neighbor's dad when he was 9 but continued to listen to his educated dad who told him to study hard, get good grades so he could get a good job and live securely. But he say that the good job his dad had didn't take care of him as well as the businesses his rich dad had. So he followed the business sense his rich dad taught him and today is worth millions. These books tell his story and offer his advice.
Rich
Dad Poor Dad was the first book my oldest son Drew read that
agreed with what his mentor had taught him five years before. Millionaire
Robert Kiyosaki's story so inspired him that he decided to take a serious
look at real estate. This is the basic story of his life and how he learned
from both is poor but highly educated real dad and his neighbor's entrepreneur
father, his Rich Dad, the lessons that made him the man he is today.
Rich Dad's Cashflow Quadrant is the best book I've ever
read that describes the differences in types of work. Robert Kiyosaki's rich
dad drew this simple diagram for his son Mike and for Robert to help them
see the difference between being an employee, self-employed, a business owner
or an investor. This is a great resource for a student to study before he
decides on a career path.
Kiyosaki wrote Rich
Dad's Guide to Investing as a primer for those of us who are
not educated in the basics of investing. He suggests studying Section
II, from Chapters 20 - 29, with a group. When you read this, you'll soon
understand why not everyone is qualified to invest in investments of
the rich.
Rich Kid Smart Kid is one of my favorite homeschooling resources.
In this book, Robert Kiyosaki gives practical help for those of us who are
still training children and want our children to think financially free.
If You Want to Be Rich & Happy : Don't Go to School: Ensuring Lifetime Security for Yourself and Your Children is actually my favorite book of all those written by Robert Kiyosaki. This book talks more about his view of education.
I didn't read Rich
Dad's Retire Young Retire Rich for six months when I saw it
on the desk in Drew's room. I wasn't wild about the title because my
goal in life is not to "get rich" but to do what I was put on earth to
do - raise a family. But we would like to be financially free and this
book offers practical tips, such as creating a plan, that can help anyone
who is serious change their financial situation.
Rich Dad's Prophecy, Kiyosaki's latest book, explains why he believes the stock market will crash and approximately when and why those of us with 401(k)s need to learn to invest for ourselves. This is a very insightful book based on what his Rich Dad predicted years ago.
Cashflow for Kids, a game for young children designed
by Robert Kiyosaki to learn basic financial principles, helps young people
(and adults too) learn how to think in financially beneficial ways. We bought
this game and Cashflow 101 for Christmas two years ago and they were
not only some of the best investments we've ever made in our children's educations,
but were also a great hit with the kids! My little children who are 4 and
6 just love this game!
Cashflow 101 , another game created by Robert Kiyosaki for
older students, actually teaches the concept his Rich Dad taught him of reading
a financial statement while it demonstrates how anyone with a stable income
can work his way out of The Rat Race. These games are not cheap board games.
They are educational tools which will actually change the way you and your
children think financially. Consider them an investment, not an expense.
This game, which is Drew's favorite, is visionary and truly life-changing.
Books by Michael Gerber
The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It is a must read for anyone who wants to start a tangible business. The author insightfully defines the entrepreneur, the manager and the technician and explains that "without balance, without all three of these personalities being given the opportunity, the freedom, the nourishment they each need to grow, your business cannot help but mirror your own lopsidedness."
The E-Myth Manager: Why Management Doesn't Work - And What to Do About It challenges traditional managerial thinking and offers a new business model of "anti-management" management. Sucess Magazine says "Gerber's powerful insights have given thousands of entrepreneurs new control over their business."
The E-Myth Contractor is the first in a new series of books created by Michael Gerber for specific occupations. The advice he offers in his books is so practical that anyone can implement it immediately.
~~~Real Estate~~~
Most entrepreneurs agree that since housing is a basic need we all share, there is always a demand for housing and therefore money to be made as one provides a much needed service. There are many different aspects to real estate as an investment and the wise investor must find what interests him.
GETTING STARTED AS A REAL ESTATE ENTREPRENEUR WITH NO CASH, CREDIT, PARTNERS OR PREVIOUS EXPERIENCE
One of the many teachers we have learned from is Ron LeGrand. His course Getting Started as a Real Estate Entrepreneur with No Cash, Credit, Parnters or Previous Experience.is one of the best introductory courses you can buy. This multimillionaire shares what has worked for him and hundreds of his students. This is the course that got Drew started in investment real estate.
To visit Ron's site and learn more about his real estate courses, click here.
These are just a few of the resources we have used that teach about business and finance. As we find more that are valuable, we'll add them to this list. Email us your favorites.
In case you're interested...
The Bible says interesting things about money.
A Man is to provide for his family.
Learn to be content.
Plan your work.
Don't trust in your riches.
