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Our boys are good boys and we are very proud of them and love them to death. But they still worry me that they may not be Financially Free in the future because of their lack of Action towards Money and Education. Like is hard and even harder if you don\u2019t have money. We constantanly tell them they need to live with the Consequences of their Choices they make.

In Robert Kiyosaki book called \u201cRetire Young Retire Rich\u201d he said that \u201cAlan Greenspan, chairman of the Federal Reserve Board, recently said on television, \u201cWe need to start teaching financial literacy in our schools\u201d We need to start teaching our kids to take care of themselves financially, rather than teaching them to expect the government or company they work for to take care of them after they retire.\u201d Robert wrote \u201cThe Leverage of Your Actions. There is an overused story about three birds sitting on a fence. The question is, \u201cIf two birds decide to fly away, how many birds are left?\u201d The answer is, \u201cThree birds are left.\u201d The lesson is, just because you decide to do something does not mean you will do what you decide to do. In the real world less than 5 percent of the U.S. population is rich because 95 percent of the population may want to be rich but only 5 percent takes any action.\u201d

We hope our boys will be the 5% that take action towards their Financial Freedom Goals and their Education. But currently they are sitting back thinking others will come to them and teach them. They think they just need to know the basics to get by in life. They are not showing any extra drive to be that 5%.

For instance, our oldest Son that dropped out of the Navy signed up for College and we pushed him hard to get a job and sign up for College. Currently at his job he just does the basics and not trying to add value to himself by learning more about the company. He started his schooling but is only in class for one to two hours a day and doesn\u2019t try to learning stuff on his own. He says that school will teach him all he needs to know. So, his free time is spent playing Xbox or on the phone with his girlfriend. We told him starting in October he has to start paying Rent so he better start taking some Action in his life to be more productive.

Our youngest one seems to be following in his brother\u2019s foot steps also. He is on his Xbox or phone most of his free time. He does the basics he needs to do to just get by in High School and isn\u2019t trying to study and get good grades. We have given him tons of ways to make money around the neighborhood or on-line but he chooses to ignore them and just keep getting by.

Consequences both boys could face is being in that 95% of the population that just gets by. The 95% that gets by probably have just an average income, has debt and has little saved for Retirement. They may end up working till there bodies won\u2019t let them anymore. They have to be able to live with there choices they are making. What choices are you making towards your Financial Freedom and Education?

As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only.

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Sources and Resources from Podcast (Available in Show Notes)

1. Retire Young Retire Rich Book by Robert Kiyosaki with Sharon L. Liechter CPA. Xviii page xix