The Shrinking Middle Class

In Chapter 3 of this book, Robert Kiyosaki shared his view on why people, especially the middle class, need to increase their financial IQ.

There are many definitions of intelligence. One of the more practical ones I learned from my rich dad is, "Intelligence is the ability to solve problems." For example, in school, if you can solve math problems, you are considered intelligent. Out of school, if you can fix a car, you are deemed to have automotive intelligence. When it comes to money, the bigger financial problems you can solve, the higer your financial intelligence. ~ Robert Kiyosaki

Because of the many pressing issues that we face in our world today, such as:

1. Value of the dollar/ringgit falling
2. National debt increasing
3. Oil prices rising
4. Wages decreasing with respect to inflation
5. Lack of financial education being taught

our demographic population is changing - the rich are getting richer, and everyone else is getting poorer, even though many people are making more money. In simple words, our world population is on its way to towards the extinction of the middle class.

Now the questions to these problems are:

1. What can we do?
2. What are the solutions?
3. Is our financial IQ high enough?
4. How do we avoid becoming victims?
5. How do we protect our families from falling victim?

"Give a person a fish and you feed him for a day; teach a person to fish and you feed him for life."

Many people are still placing their hopes on governments, employers and even "a change of luck" to pull them out of these problems. Many people are still WAITING. In other words, these people know that they ARE in trouble, yet they are still waiting for someone to feed them a fish and live for another day. Is this strategy going to work? Most of us are already staring at the cruel answer in front of us.

So why not start learning how to fish and feel yourselves for life?