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Exclusive Interview with Rich Dad’s Robert Kiyosaki

Insights on “Why ‘A’ Students Work for ‘C’ Students—and ‘B’ Students Work for the Government”
Rich Dad's Robert Kiyosaki, www.richdad.com
In an exclusive for StartupNation, Robert Kiyosaki, successful entrepreneur, investor and author of the #1 Personal Finance book of all time, “Rich Dad Poor Dad,” offered his insights related to his new book, “Why ‘A’ Students Work for ‘C’ Students—and ‘B’ Students Work for the Government.”

In regard to this financial education guide for parents, here’s what Robert had to say:

Why did you write this book?

I wrote “Why ‘A’ Students Work for ‘C’ Students” for parents because parents are a child’s first and most important teachers—and they have an important job to do. They can truly influence the future of their children, because if they don’t teach their kids about money, they can’t on the school system to do it. Schools teach kids what the school system believes they need to get a good job… which, from my point of view, sets them up to be slaves to a job and a paycheck all of their lives. My poor dad was a well-educated school teacher with a Ph.D., but I struggled in school. I didn’t get good grades and flunked out of high school—twice. In fact: I hated school. But I love to learn. Today, I (the “C” student) hire “A” students, like accountants and attorneys, to work for me.

The financial crisis has just started and as more countries and baby boomers go broke, who do you think will foot the bill for life-support? Your kids, that’s who. And it’ll take the form of higher taxes. That’s why I wrote this book. I want to encourage and support parents who want to give their child a financial head start in life. And it starts with understanding money.

Since the school system is not giving children a financial education, are they teaching our kids to be poor?

I think schools are teaching kids to be poor, but worse than that they’ve teaching them to be slaves to a paycheck. That could be one of the reasons why the dropout rate is so high in schools today. As a young kid back in the ‘50s and the ‘60s, I kept asking my teacher, “Why don’t you teach me anything about money?” I never got an answer to that question.

And today, most schools still don’t teach kids about money. Whether we’re smart or stupid, rich or poor; we all use money in our everyday lives. It’s an important life skill and it’s up to parents to fill the void.

We’ve got to teach our kids about money because the United States is broke. We’ve spent billions on public education, and poverty keeps increasing. The rich get richer, the middle class is getting squeezed harder and harder… and the poor are getting poorer and poorer. What’s wrong with this picture?

Then, do you think parents should train their children to be entrepreneurs?

Only a child can decide that. I wouldn’t decide that for them. I don’t think there’s anything more pathetic than some kid who does what his parents want him or her to do. Instead, give your kids some financial education and then they can make their own choices later on in life.

If your children do not have a financial education, then they will probably end up being an employee or a self-employed specialist. And today, employees pay at least 40% of their money in taxes and the self-employed pay about 60%. Meanwhile, people who own large businesses pay only about 20%, and investors with a high level of financial education and well-structured investments can often pay nothing—0%—in taxes. Very often the people who end up paying the most in taxes are the ‘A’ students who get out of school and become doctors, lawyers and attorneys.

Kids who have a financial education will have more choices in life and not be stuck working for someone else or living off government hand-outs.

What can a parent do to start giving their child a financial education?

I outline some specific activities—Action Steps for Parents—at the end of each chapter of the book, but the most important thing is to make your home an active and fun learning environment. And it doesn’t need to be difficult. You can play games like Monopoly® and CASHFLOW®, discuss the day’s news and learn new, financial vocabulary words each day.

Every day we make real-life decisions about money so start sharing this information with your children. For example, show them what happens when you don’t pay your bills, how tax payments are taken from your paycheck or how you plan for unexpected expenses. You can also help them set up their own small business to learn about money and investing firsthand.

The point is to teach your kids about money at home because they are not going to get a financial education in school.

Thanks so much for your time Robert!

For more information about Robert Kiyosaki’s new book, “Why ‘A’ Students Work for ‘C’ Students—and ‘B’ Students Work for the Government,” visit www.richdad.com.

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Insights on “Why ‘A’ Students Work for ‘C’ Students—and ‘B’ Students Work for the Government” In an exclusive for StartupNation, Robert Kiyosaki, successful entrepreneur, investor and author of the #1 Personal Finance book of all time, “Rich Dad Poor Dad,” offered his insights related to his new book, “Why ‘A’ Students Work for ‘C’ Students—and [...]

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Media Interview Tips for Tech Experts

Why do you have to talk to the press? If you want to increase awareness without paying for advertising, your business is probably involved in public relations, or getting noticed by the press. When the right publications talk about your products and services, you can see sales increase dramatically. But for tech people, this can [...]

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Is This on Your Year-End, IT Checklist?

It’s time to get ready for 2013! The craziness of Cyber Monday is over, and now comes the holiday rush. With everything that’s going on in your organization, it can be easy to get overwhelmed and miss out on some important, year-end activities. Here are a few reminders to help your IT team stay on [...]

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How to Improve Customer Service with IT

Today, most businesses are using the Internet to compete on an international basis, 24 hours a day, 7 days a week. This means that technology is now a major part of the sales process, and more important, your customer-service activities. But you cannot provide top-level customer service with technology alone.

People are sick of dealing with call-centers, being on hold for a long time listening to lame music and trying to get their questions answered via online chat centers or from technicians who don’t know what they are talking about. With this in mind…

How well does your technology combine with the human touch?

If you want to provide excellent service to your customers around the clock, it’s essential to get your technology team working with your customer-service people. Here are a few questions to help you accomplish this:

1. Who’s on your team right now?

Start at the beginning. Make sure you have employees who care about your brand and want to learn as much as possible about your customers. Hire positive people who are willing to work with others to reach company goals. And if you already have some negative players on board, it’s time to talk to them about their attitude… or get rid of them fast. It only takes one bad egg to bring down an entire department, or company. (At Rich Dad, all of our new employees take the Kolbe Index so we know where they’ll exceed most in the company.)

2. Who does what?

Be sure your employees understand roles and responsibilities. If possible, write it down and distribute the information. This way, everyone will know who does what, and you’ll avoid unnecessary questions and conflicts about responsibilities.

3. Are you meeting regularly?

If your teams are not getting together on a regular basis, it’s time to schedule monthly meetings. Your tech people and your customer-service teams should feel comfortable working with each other and asking questions. By discussing issues, goals and ideas, you’ll be able to provide better, faster service. And more important, your employees will develop a level of trust and create better working relationships that will help the company culture as a whole.

4. What’s going on?

Once you have your technology and customer-service processes in place, be sure to monitor and analyze activities. What’s working and what isn’t? Get regular reports on results, issues, questions, comments, and more. Then, your teams can discuss this information at their monthly meetings to resolve issues before they become major problems and celebrate the activities that are working well.

5. Are you covered?

Today’s customers will look at your entire company. They will seek information online, via phone and in-person. Are you ready to help them?

Be sure to integrate all of your communications so that your team members provide the best service possible… no matter how customers approach your business.

6. What tools are you using?

Customer-service technology is constantly changing so make sure your team members are aware of the latest trends, software updates, viruses, and more. In addition, confirm that all of your technologies are up-to-date, backed up and in good working order. Customers don’t have a lot of patience, and it would be a shame to lose sales due to a Web page error, a bad e-mail process, privacy issues, or some other, technological glitch that could have been avoided.

Excel at Customer Service.

Providing the best customer-service process possible involves a combination of good technology and the human touch. Once you have the right people on your teams, open the lines of communication, monitor results and make changes as necessary.

By updating your customer-service processes regularly, you’ll improve employee relationships and create a more trusting and creative work-environment. But more important, you’ll be able to exceed at customer service and increase sales.

Robert LeCount is The Rich Dad Company’s Director of Information Technology. Based on Robert Kiyosaki’s best-selling book, “Rich Dad Poor Dad,” The Rich Dad Company uses innovative technology to offer a new way to think about money and investing. For more information, please write to Robert below or at www.richdad.com.

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Today, most businesses are using the Internet to compete on an international basis, 24 hours a day, 7 days a week. This means that technology is now a major part of the sales process, and more important, your customer-service activities. But you cannot provide top-level customer service with technology alone. People are sick of dealing [...]

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3 Tips for Juggling Tech Priorities

At Rich Dad, we use a combination of innovation and speed to meet the needs of our ever-changing business environment and exceed customer expectations. And I’m sure you are dealing with the same issues at your small business. Things can get out of control fast (especially if you are outsourcing a lot of work) so [...]

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Is Your IP Safe?

3 Tips to Protect Your Important Data

Intellectual Property (IP), or creations of the mind that you use in your business, are a big deal. In fact, the Global Intellectual Property Center reports that, “America’s IP is worth $5.8 trillion, more than the nominal GDP of any other country in the world.” This means that as a business owner, protecting your IP is important.

“Intellectual property protection is significant for small businesses who provide services,” states author of “Start Your Own Corporation,” Garrett Sutton, Esq. “As an attorney, I’ve heard many stories from clients about malicious employers who ripped off their clients because they did not have an intellectual property protection.”

With this in mind, what are you doing to protect your IP?

Obviously, it’s essential to work with a legal professional to set up the appropriate protections via copyrights, trademarks and patents. But with information available online to a worldwide audience at any time, it’s essential to be proactive when protecting your information. To increase your IP security, try these three tips:

1. Look for Thieves Regularly.

Just because you have legal paperwork in place, this is not going to stop thieves from searching for ways to obtain and use your IP. This is why it’s important to have specific team-members monitor your data every day online, record and report potential issues and know what to do if there is a breach of information. This way, you’ll be able to stop IP problems from escalating and wasting unnecessary time, money and effort.

2. Sign a Confidentiality Statement.

Although you probably trust most of the people you work with and feel they will keep important information confidential, it’s essential to get this in writing. Work with your attorney to create a non-disclosure agreement and have everyone involved in your organization – employees, advertisers, contractors, etc. – sign it.

This way, if someone exposes private information, you have signed paperwork in place to pursue legal action. Plus, your team members will know this is serious information, and they’ll be aware of the ramifications for divulging business secrets.

3. Involve Everyone in Your Organization.

Protecting your IP involves everyone in your organization. Because of this, schedule regular meetings, send out e-mail notices or monthly newsletters, or hold special events throughout the year to inform your team members about IP and confidentiality issues.

Teach your staff members what they need to look for and what to do if they see a potential breach. By doing so, you’ll have a group of people regularly on the lookout for perpetrators and increase your chances of discovering thieves faster.

Stay Vigilant!

With constant advancements in technology, more people have access to information than ever before. If you want to keep your confidential, IP information private, it takes more than putting legal processes and paperwork in place. You also need to be proactive, educate your team members regularly and always be on the lookout for IP thieves.

This way, you’ll have a better chance of stopping potential perpetrators from stealing your confidential data. After all, if you don’t protect your IP, it’s not a matter of “if” it will be stolen; it’s a matter of “when”!

What are you going to do today to start protecting your IP?

For more information, please provide your comments below or reach me at www.richdad.com.

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3 Tips to Protect Your Important Data Intellectual Property (IP), or creations of the mind that you use in your business, are a big deal. In fact, the Global Intellectual Property Center reports that, “America’s IP is worth $5.8 trillion, more than the nominal GDP of any other country in the world.” This means that [...]

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How Strong is Your Tech Security, Really?

Cybercrime is increasing dramatically. In fact, ”The 2012 Security Threat Report” by data security company SOPHOS, indicates that we “need to be ready for attacks on new platforms and devices—all the places we use data for work and our personal lives,” and that “cybercriminals are becoming more professionalized through the availability of commercial crimeware kits… the result is mass generation of new malicious code and exploits, and a significant increase in the volume of malware.”

Securing company data is now a top priority. But if you are relying solely on your tech team to protect your data, you are not as secure as you think you are. Instead, everyone in your organization needs to get involved in keeping information safe and private.

Where do you begin?

Start With E-Mail.

One of the most vulnerable areas in your organization is e-mail. People often communicate private information within e-mails, but this data is usually not secured. To overcome this issue, implement systems on or off-site that help you contain communications-channels to your organization. These include:

  • Employing technologies that scan and monitor e-mail communications for potential, intellectual-property breaches;
  • Maintaining outside file repositories with logging capabilities for file exchanges; and
  • Using encryption, firewalls, spam filtering, and other systems for protection against viruses, spam and phishing attempts.

This way, you have control over internal communications online and a way to keep offending visitors out. However, none of this will work if you don’t talk to your entire organization about the importance of securing data.

Educate Employees.

While your tech team may be monitoring the security of your organization regularly, other employees are not. Many of them do not know the security risks involved with e-mail attachments, visiting certain Websites, communicating private information online, and more.

Because of this, your tech leaders need to communicate with all employees every month. It’s their job to educate staff members on technology “do’s and don’ts” within the organization and what can happen if they break the rules.

This educational process may involve weekly meetings, monthly newsletters, training sessions, e-mail notices, or even fun events to build relationships between departments. And since technology is constantly changing, you need to look at these organization-wide communications as ongoing.

All employees need to know how to avoid security issues, what to do if they see a potential, security threat and what is going on with security in the organization as a whole.

Security is a Team Effort.

While your tech team may be on the cutting-edge of security, this is just the beginning. Everyone in your organization needs to know the security policies, be aware of threats and act accordingly. By communicating regularly and working together, you can avoid unwanted infiltrations into your system, information leaks and major, security issues.

What are you going to do today to let your employees know about tech security at your company? Please comment below, or write to me at The Rich Dad Company, customerservice@richdad.com.

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Cybercrime is increasing dramatically. In fact, ”The 2012 Security Threat Report” by data security company SOPHOS, indicates that we “need to be ready for attacks on new platforms and devices—all the places we use data for work and our personal lives,” and that “cybercriminals are becoming more professionalized through the availability of commercial crimeware kits… [...]

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Have You Talked to Your Tech Team Lately?

Without open communications, your business days are numbered Welcome to my new blog. I’m Robert LeCount, the director of information technology at The Rich Dad Company, www.richdad.com. You’ve probably heard of it… it’s the financial education tech company based on Robert Kiyosaki’s best-selling personal finance book of all time, “Rich Dad Poor Dad.” I love [...]

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Exclusive Interview with Rich Dad’s Robert Kioysaki

Recently, I attended a book signing for Robert Kiyosaki’s new, best-selling book, “Unfair Advantage – What Schools will NEVER Teach You About Money.” The author of the number one personal finance book of all time, “Rich Dad Poor Dad,” investor, entrepreneur, educator, and co-host of the new radio show, “What Does It Mean to You?”, [...]

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