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Part the secondWE BUILD THE ARK
The rich daddy has told: itEach person is capable to construct a financial ark to survive and prosper in the future. But if the person wishes to construct an ark with the strong case, it should invest time in the financial educationit.
This part of the book is intended for those who prefers to build own ark, instead of to wait that someone will give another to it ready.
Chapter 10
HOW TO CONSTRUCT THE ARK?
Many people already know that they need to construct a personal ark. News about necessity quickly to construct an ark it for them not news. But there is a question: itHow to build an ark?it On it there is an answer: itDepending on the one whom you askit. Here that to you will tell:
1. The politician. Many politicians say today that the unique way to rescue the program itSocial Securityit is to allow young workers to invest from two deductions to four percent in individual investment bills of fund itSocial Securityit, and then to lower the privileges promised by it by Management of social insurance.
I do not know, how to you, but something vaguely reminds such decision to me. It seems to me, in him there is a similarity to plans of the established deductions. It seems that we again force people to become investors, without having thought of granting of necessary financial education by it. Moreover, if the given law is accepted, the fund itSocial Securityit will have a negative balance before 2016 because in it begins to arrive less money for payment of needs of pensioners. Politicians who advise it today, in 2002, know that they is left the offices much earlier, than it happens. One more attempt to postpone the problem decision on then Is available.
2. The trade-union leader. Trade-union leaders will advise to you to find job in the company where there is a strong, well organised trade union, with well financed pension plan and privileges.
My poor daddy, being the head of trade union of teachers of the State of Hawaii, was the convinced supporter of this idea. If it is pleasant to you, find job in the governmental structures.
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