In “Rich Dad, Poor Dad”, Robert Kiyosaki has a rich dad to teach him about money and finance.Â But for the rest of us, we might not have such a mentor.Â Then where or whoÂ canÂ we turn to?Â One of the logical answer is schools!Â
Unfortunately, historically till now, financial literacy is not one of that which is taught in school.Â However, the awareness of the need of financial knowledge to be taught as part of the education system has heightened,Â perhaps by Robert Kiyosaki’s “Rich Dad, Poor Dad” book.
As reported in the Asbury Park Press (APP.com):
“Although financial literacy is not on the lesson plan at all schools, high school students in 14 states last year were required to learn concepts such as opening bank accounts and maintaining healthy credit scores before graduating, according to the National Council on Economic Education and Citigroup’s Office of Financial Education.
Vito Nardelli, chief operating officer and executive vice president of OceanFirst Bank, Toms River, said he believes all schools should teach students about “wants and needs,” as well as how to plan, save and spend money responsibly.Financial literacy also needs to be a component of our educational system. Parents too often paint a rosy picture for their children when it comes to money”