"Rich Dad, Poor Dad" author says kids need to learn money skills

October 22, 2007 17:08

Robert Kiyosaki says it's time to start teaching children how to manage money. The "Rich Dad, Poor Dad" author told an Israeli audience Monday that more education is the way for today's younger generation to escape financial ruin. Otherwise, the gap between rich and poor will only grow. "The problem with most people being poor is that they're taking advice from financial losers," Kiyosaki said. "All I'm asking is that a kid have a chance to be rich or poor." Kiyosaki was in Israel to promote the publication in Hebrew of his latest book, "Why We Want You To Be Rich," co-authored with the American developer and reality TV star, Donald Trump.

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