Discussing about financial education #Mr.Trump and #The rich dad( Robert kiyosaki )

Financial IQ is a very interesting term because I really believe you're born with a great ability in some cases and in some cases you're not born with any ability whatsoever no different than in sports where somebody gets up and can just smack a home run or hit a golf ball better or play tennis better so you are born with somebody but you can also learn a lot you can learn so much and that's where Financial IQ really comes and as we discussed in our book that's really where it comes together and I think in our next book we're going to spend a lot of time talking about financial IQ because it can really be improved that's correct and financial and financial IQ is how we solve our financial problems and that is our message to people today is that in a world of tremendous financial problems it really is an opportunity to get smarter to solve your problems and not run away from them so it's a it's really a good time uh a tough time like I say we don't want to go through them too many times but uh when I lost everything in the 80s it you know I thought the world ended but in retrospect Today Was a Good Thing and did declare bankruptcy paid my creditors back and fought back I think that gives me strength today to take on this one but I feel and I know that you feel that you can do better today than you could have done two or three years ago absolutely when I got when you know the last crash was that Savings and Loan crash in the 80s and the stock market crash of ' 87 and it was the best time because everybody was crying the blues everybody was saying why you nuts you're buying real estate and you know that was when the RTC resolution trust Corporation they were giving away the best real estate in the world and other people were saying these are terrible times I'm going you got to be crazy this I've never seen good property so cheap the as I said the banks wanted to have you take it off their hands so it was really a good time we're in the same time time now and people again crying the blues except today I think it's a lot more severe yes the banks are bigger they're much weaker you know it used to be the Savings and Loans now it's the biggest banks in the world you look at City Bank it's a total catastrophe you look at some of the biggest banks in the world they're total disasters I mean they've got major major problems we never had that in 1990 we never had that so this you could say is a far worse and I mean statistically it's a far worse period of time but I think there's far more opportunity that's correct I have never seen I'm so I have never seen it so good because it's bad unfortunately it's bad for many people and again that's why I'm saying we get together and we want to encourage people to keep going don't give up because you faced your challenges I face my challenges and is facing the challenges that make you smarter stronger better able to handle tomorrow well you know I went to the Wharton School of Finance which is considered the number one the Elite business school and I met many people they were all very smart but some were like super smart they're not necessarily the ones that made it the ones that made it are the ones that never quit or never gave up or had more drive or energy or something not necessarily you know once you get up to a certain category you're pretty smart but not necessarily the smartest people made it so it's very interesting what you say never give up and that's true right