Page 62 - Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money

Today in America, a unionized autoworker is paid about $75 an hour,
including benefits. In China, the same autoworker is paid about 75 cents an

hour. As I write, Chrysler has signed a deal with China’s Chery Motors to
produce cars there. Price: less than $2,500 a car. That is about the same
price as health insurance costs add to every American car.
A true capitalist is simply someone who recognizes a problem and

creates a product or service to address that problem. You can charge a
higher price if your product or service has a higher perceived value, but
there needs to be added value. For example, I charge more money for my
books and games because to some people there is more perceived

educational value in them. For many other people, my books and games are
not worth the price. Many do not value my brand of financial education
because my brand of financial education does not solve their financial
problem. Many people do not believe the rules of money changed in 1971

and 1974, and want to believe that they can keep working hard, saving
money, investing in mutual funds, and expecting more pay for less work.
For their sake and their families’ financial future, I hope those beliefs and
actions solve their financial problems.

For your sake, I hope you do not believe that. I have a hunch that you
don’t, since you are reading this book and actively increasing your financial
intelligence by doing so. Begin now to think about what problems you need
to solve, engage those problems head-on, and the money will follow. And

once you have that money, you’re going to need to use every ounce of your
financial intelligence to protect it. That’s what the next chapter is all about,
financial IQ #2: protecting your money.