Finance

     This month’s finance course completely subverted my conception of the capital world. More particularly, I was a completely financial illiteracy before I toke this class. I was in too deep of the pattern of study hard-work hard-live hard circle. I know most middle class do not want to admit they are middle class, or deliberately avoid the class topic. However, as lot of people, I grew up in a middle class family and more than 90% odds I will become a middle class, so as the other middle class kids.

     We all know it is very hard to span classes; only some lucky fellows could do that, and most of them are artists or athlete. If you ask the middle class why do you think you cannot span classes, they may answer because I am not smart enough, I am not work hard enough or I do not have a great degree. Before this month, if you ask me, I will give the same answer. Robert Kiyosaki’s Rich Dad Poor Dad gives me a fresh concept of capital and our class. As Kiyosaki said in the book, middle class is a group of people whom tremendously insecure about their potential. Nevertheless, the great mass of tax revenue to support the country comes from their hard work. In most cases, the reason middle class always struggle for their finance situation merely because they are financial illiterate honest men. They always follow the middle class study hard-work hard pattern, and have no ideal how to play the capital games that rich people plays. They believe education may change their fate, but they forget university was build to educate professional but rich people.

     In today’s society, rich people seems have to pay the higher tax rate than middle class and lower class, but do not forget who made the rule of the games. Capitalists could hire professional accountants and attorneys helping them find legal loopholes. Moreover, they subsidize election campaign and support the politicians whom could change the law.

     In Kiyosaki’s book, he introduced the way that rich people use corporation to reasonable tax, and how to help people become financial literacy. This is not a soft advertising, but I have to say I am so glad that my instructor introduced this book to us.

Kiyosaki, R. T. (2011). Chapter 4. In Rich dad, poor dad: What the rich teach their kids about money-- that the poor and middle class do not (pp. 79-90). Scottsdale, AZ: Plata Pub.