Get Rich Education

42: Advising President Obama and Bush on Finance; Children & Money with Sharon Lechter

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Synopsis

#42: As a child, were you taught a scarcity mindset?   Steering public policy through the White House and Congress may help future generations of American children be better-educated on finance.   Listen to this week’s show and learn:   02:18  You’re working 8+ hours a day for a job you’re not passionate about. Why not at least plan an escape hatch?   06:17  Did your parents tell you “Money doesn’t grow on trees” and “Who do you think we are, the Rockefellers?” Instead, Sharon reveals more constructive phrases.   08:32  As a child, did you learn to “save money” or “invest money?”   11:05  “Live below your means” reinforces a scarce mindset.   16:00  How to teach children about businesses.   17:33  Sharon Lechter on the value of a college education today.   24:50  Which President - Obama or Bush - would be more likely to calculate an apartment building cap rate? Sharon picks one!   25:11  Sharon on the power of real estate investing.   28:09  Sharon’s work with “Think and Gro