Page 169 - Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money

They are nice people, educated, honest, churchgoing, and hardworking.
They enjoy life and raise great kids. The problem is a lack of financial

integrity. This lack of financial integrity shows up as worry about
borrowing the equity out of their home to pay off credit card bills, affording
a college education for their three kids, and having enough for retirement.
These are typical money problems, symptoms of a lack of financial

integrity.
The problem is they don’t think they have a problem. They get up every
day, send the kids off to school, and go to work. They come home, play
with the kids, help them with their homework, watch a little TV, and go to

bed. They know something is wrong, but they’d rather not find out what.
They’re hoping something will change.

Financial Report Card

Like most people, my friends don’t have personal financial statements.

They don’t even know what financial statements are or why they are
important. Like most college graduates, my friends left school not knowing
the difference between a credit application, a credit score, and a financial
statement. Without a personal financial statement, however, they do not

know where they are financially, what might be wrong, and where they
might be out of financial integrity. Without a financial statement and the
five financial intelligences, it may be difficult to determine what is wrong
and what needs to be corrected.

In my opinion, this is where the lack of integrity begins. It begins in our
school system—with financial IQ #5: improving your financial information.
In 1974, when businesses began requiring employees to invest for their
retirement, the school system should have added or improved financial

education in the curriculum. This lack of financial education in our schools
is sending shock waves through the financial integrity of the world.

A Reflection of Financial Integrity