Your First Issue of Money Revealed
Your First Issue of Money Revealed
Hello, Patrick here.
Welcome to your first issue of the Money Revealed newsletter.
We started the Money Revealed docuseries after it became clear to me the amount of damage done by global financial ignorance and illiteracy… myself included!
What I have learned over the course of this project is life-changing.
But we aren’t done yet.
We have so much left to cover.
And I’m extremely excited to share everything that I’ve learned with you in this newsletter, five days a week.
For today’s inaugural issue, we’ll take a deep dive into some lessons that changed the way that I think about money.
But first let me tell you a little about myself and why this project really struck a chord with me.
I originally started out as a practicing chiropractor. While in practice I co-developed diagnostic technologies for which I received some patents. Next thing you know, I am now in business. I ran that company as its CEO for 23 years. My activities involved a lot of travel and lecturing. All over the world.
Through my travel and lectures, I’ve made myself a well-known presence in the worlds of health, wellness and business.
In 2011 I successfully exited the diagnostic technology business to pursue some new things I wanted to achieve, which included my dream of exposing important truths through filmmaking…
Today, you’ll find me working hard to help others gain from all the lessons I’ve learned. My principal goal is to help you gain the confidence and knowledge to take control of multiple aspects of your life. And your financial life is a CRITICAL category. It is a main area of support for everything else in your life.
I’ll admit — when I first started the Money Revealed project, I realized very quickly how little I knew about the inner workings of money, how to protect it and how to grow it.
But through extensive research and hours of interviews with 36 of the world’s most successful people, I gained a perspective I knew I had to share. I certainly learned a lot through the filming of Money Revealed, but I know I have to spend more time assimilating it and learning more!
So I hope you enjoy this continuation of our research and sharing.
Five days a week, I’ll share with you everything I learned from filming Money Revealed — and we’ll explore little-known lessons about wealth creation together, so we can make the best financial decisions for ourselves and our loved ones.
We’ll even show you exclusive video clips from our Money Revealed docuseries.
Footage no one has ever seen before.
Thank you again for being on this journey with me. Let’s get started…
4 Lessons That Changed the Way I Think About Money
Author of New York Times bestseller Rich Dad, Poor Dad, Robert Kiyosaki not only has a unique take on life but also has a sharp mind for business. And a quick wit to match.
When I sat down with Robert for Money Revealed I learned a lot. Too much to include in Robert’s episode of Money Revealed.
Today, I want to break down the top four things Robert taught me that changed the way I think about money:
- We’re not teaching our kids about money.
In episode one of Money Revealed, Robert told me the story of his elementary school teacher’s reaction to him asking when they were going to get to learn about money…
With an annoyed look in her eye she answered, “We don’t teach money at school.”
It was funny in the moment, but the truth is there’s nothing funny about the lack of financial education in our schools. Kids are coming out of high school with no idea how to balance a checkbook—much less invest, or accumulate wealth.
As parents, we need to make sure our kids are learning the things that matter. If they’re not getting it at school, they need to hear it at home.
- Entrepreneurs are the lifeblood of our economy.
Schools are teaching kids to grow up to be nice, quiet employees…to deal with the 9-5 grind and simply work for a paycheck.
Our kids aren’t being prepared to become entrepreneurs. And it’s the entrepreneurs who create the jobs that are handing out the paychecks!
- Our higher education system is in trouble… big trouble.
It’s never been more expensive to get a college education.
Students are graduating with such a burden of debt that it’s nearly impossible for them to pay it off, even working overtime with their newly-minted degree.
Student loan debt is the nation’s number one asset.
That’s a recipe for disaster, and something has to change.
Before getting a college degree (or encouraging your kid to get one), it’s a good idea to ask yourself if it’s really necessary. Look into ways to get the education you need without going into debt.
Look into jobs that don’t require higher education.
A college degree isn’t what it used to be 30 years ago. It’s a good idea to think it through before signing up for four years of education that may not be worth the cost.
- The value of our dollar is in the dumps.
Robert pointed out that historically, economies (and, ultimately, whole civilizations) tend to collapse when the value of their money is degraded.
The U.S. was taken off the gold standard during Nixon’s administration, which means that our money is not worth what it was fifty years ago. That’s why a silver quarter is now worth way more than $0.25, but our modern quarter is worth way less than it used to be.
It’s a destabilizing factor that’s eating away at our economy.
A Great Opportunity
My hour with Robert Kiyosaki was an hour that changed my thoughts on money…and left me with a lot to chew on.
In the coming days and weeks I’ll share more of what I learned. Stay tuned.
Dr. Patrick Gentempo