RE: Life Skills Not Taught in School Part 1 - How to Handle Money
Robert Kiyosaki, writer of Rich Dad / Poor Dad, has been stating this for more than a quarter century.
Financial education is NOT taught in schools. They don't even teach you how to balance a check book. Now, they don't even teach how to properly add and subtract.
And this is not by chance, the schools were set up this way. Conspiracy theory? No, you can go read about it all. Just no one ever does.
One of the most important things that Robert taught me is
Your house is not an asset
Well, your house is an asset, but for the bank. It is a liability to you.
Even when you have it paid off, it is still a liability.
Today, lots of baby boomers are thinking they are set with their high house price. Little do they know that housing prices are about to plummet. And then crash. Like houses in the rust belt, you won't be able to give them away.
If you don't already know these things, I suggest reading
Rich Dad / Poor Dad by Robert Kiyosaki
and then
Creature From Jekyll Island by G Edward Griffin.