Starting a business is like jumping out of an airplane without a parachute. In mid air, the entrepreneur begins building a parachute and hopes it opens before hitting the ground.
Robert KiyosakiRead
The main reason people struggle financially is because they have spent years in school but learned nothing about money. The result is that people learn to work for money...but never learn to have money work for them.
Interpretation
Many people lack financial knowledge despite years of formal education.
This quote emphasizes a common issue where individuals spend a significant amount of time obtaining academic qualifications but fail to acquire essential financial literacy. As a result, they become skilled at earning money through employment but do not understand how to manage or invest that money effectively, leading to ongoing financial struggles.
In practice
During a financial literacy workshop, this quote can be used to illustrate the importance of understanding money.
Starting a business is like jumping out of an airplane without a parachute. In mid air, the entrepreneur begins building a parachute and hopes it opens before hitting the ground.
If you realize that you're the problem, then you can change yourself, learn something and grow wiser. Don't blame other people for your problems.
In the real world, the smartest people are people who make mistakes and learn. In school, the smartest people don't make mistakes.
If you want a solid future, you need to create it. You can take charge of your future only when you take control of your income source. You need your own business.
Finding good partners is the key to success in anything: in business, in marriage and, especially, in investing.
It's easier to stand on the sidelines, criticize, and say why you shouldn't do something. The sidelines are crowded. Get in the game.
I got a chance to listen to and watch Thelonious Monk and his quartet play two shows a night, for six weeks. It was a great education. There was my university, man.
I had the great good fortune of getting my Ph.D. in the very first year that universities were actively seeking women faculty. The government was putting pressure on universities to hire more women.
What is a good definition? For the philosopher or the scientist, it is a definition which applies to all the objects to be defined, and applies only to them; it is that which satisfies the rules of logic. But in education it is not that; it is one that can be understood by the pupils.
The cognitive skills prized by the American educational establishment and measured by achievement tests are only part of what is required for success in life. Character skills are equally important determinants of wages, education, health and many other significant aspects of flourishing lives.
letters are not the first, but the last step in the progression from barbarism to civilisation.
The chief role of the universities is to prolong adolescence into middle age, at which point early retirement ensures that we lack the means or the will to enforce significant change.
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