6 ms·
Rich always have the advantage of better nutrition, information and resources (if parents don't have time, they hire tutors). Is it truly a genetic advantage or
by sonabinu 8y ago
Rich always have the advantage of better nutrition, information and resources (if parents don't have time, they hire tutors). Is it truly a genetic advantage or a socio-economic advantage? Is there a good way to hold all other variables as a constant in this study?
- skookumchuck 8y agoRich parents also are more likely to show their kids how to handle money and get rich. See the book "Rich Dad Poor Dad" by Kiyosaki. Edit: Teaching kids how to manage money, the time value of money, the basics of running a business, how markets work, etc., is painfully neglected by the schools. Young adults often have little knowledge of this, and it definitely puts them at a serious disadvantage.
- mercer 8y agohttps://en.wikipedia.org/wiki/Robert_Kiyosaki#Criticism_and_controversy https://en.wikipedia.org/wiki/Robert_Kiyosaki#Criticism_and_...
- skookumchuck 8y agoThanks for the info, I didn't know that about him. I've read his book, and the fundamental idea of looking at money differently is sound. I know I look at money very differently now than I did when I was young. I.e. I view it now as a tool rather than a scorecard.
- mercer 8y agoYeah, I can see that. I rather believe in the "God can draw a straight line with a crooked stick" principle, so it's quite possible his advice is good, or at least part of it. Just figured it'd be good to know this about him.