“Ultimately, it is not gold, stocks, real estate, hard work, or money that makes you rich – it is what you know about gold, stocks, real estate, hard work, and money that makes you rich.”

I don’t really know if entrepreneurship can be taught. Critics of traditional education argue that if anything, schools teach the opposite: stay safe, give the accepted answer, and you get an A. Do something different, try something new, and you risk failure – even if you succeed, you may still be marked wrong, and at best you do no better than your peers who took the safe path. It’s not clear that’s what life is like.

Of course, I’m also not sure the point of school is to teach entrepreneurship: there are many things I’d like children to learn, and though risk-taking is one of them, citizenship, confidence, and a solid knowledge base on a range of topics that allows them to participate and contribute to modern society – not to mention reading and math – also score highly. Perhaps schools are better trying to teach knowledge, and leave spiritual growth and personal development to other fora, or perhaps there’s a way to fold in learning such things without formally trying to teach them, by including useful experiences and activities.

Either way, I wish people were more financially literate: as regular blog readers will know, for me it’s one of those things that if you don’t grow up with it, it can be hard to catch up later in life, and yet it seems to play a key role in determining financial security and stability.

The Rich Dad Poor Dad series is a titan among financial literacy books, selling millions upon millions of copies. Given my own interest in financial literacy, regular readers will know I often find reading such books interesting. For me though, Financial IQ is not a success, neither entertaining nor particularly informative. It is mostly fairly tired advice that is unlikely to surprise anyone, as well as some odd tangents on the value of the gold standard, which isn’t well linked to the content of the book. Not recommended.