Podcast
Questions and Answers
According to rich dad, why does ignorance about money cause greed and fear?
According to rich dad, why does ignorance about money cause greed and fear?
- Because it increases taxes for schoolteachers
- Because it creates a gap between the rich and the poor (correct)
- Because it leads to poor health for the rich
- Because it causes doctors to raise their fees
What is the consequence of doctors raising their fees, according to the text?
What is the consequence of doctors raising their fees, according to the text?
- Doctors provide better healthcare services
- Poor people have better access to healthcare
- Healthcare becomes more affordable for everyone
- Healthcare becomes more expensive for everyone (correct)
Why do attorneys raise their fees, according to the text?
Why do attorneys raise their fees, according to the text?
- To increase access to legal services for the poor
- To match the fees raised by doctors (correct)
- To provide better legal services
- To reduce the gap between the rich and the poor
What is the potential consequence of the widening gap between the rich and the poor, according to the text?
What is the potential consequence of the widening gap between the rich and the poor, according to the text?
Why does rich dad believe America is on the same course as other collapsed civilizations?
Why does rich dad believe America is on the same course as other collapsed civilizations?
According to rich dad, what is the main cause of greed and fear?
According to rich dad, what is the main cause of greed and fear?
What is the potential consequence of doctors raising their fees?
What is the potential consequence of doctors raising their fees?
Why do attorneys raise their fees, according to the text?
Why do attorneys raise their fees, according to the text?
What is the potential consequence of the widening gap between the rich and the poor, according to the text?
What is the potential consequence of the widening gap between the rich and the poor, according to the text?
Why does rich dad believe America is on the same course as other collapsed civilizations?
Why does rich dad believe America is on the same course as other collapsed civilizations?
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Study Notes
Consequences of Ignorance about Money
- Ignorance about money causes greed and fear, as people are not financially educated and make fear-based financial decisions
- This lack of financial literacy leads to a never-ending pursuit of money, causing greed and anxiety
Consequences of Rising Professional Fees
- When doctors raise their fees, it can lead to increased costs of healthcare, making it less accessible to the poor and middle class
- Attorneys raise their fees to compensate for inflation and to maintain their standard of living, exacerbating income inequality
Widening Gap between Rich and Poor
- The growing gap between the rich and the poor can lead to social unrest, crime, and potentially, the collapse of society
- Rich Dad believes America is on the same course as other collapsed civilizations due to its rising income inequality and lack of financial education
Root Cause of Greed and Fear
- Rich Dad believes the main cause of greed and fear is the lack of financial education, leading people to make fear-based financial decisions
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