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There's Hope Yet

There's Hope Yet

Last week I shared with you a lot of bad news to prove a point—there’s reason to be angry (“Mad as Hell”). I also shared why being mad wasn’t enough and why you must do more than complain and protest. You must increase your financial IQ by pursuing solid financial education.

A couple weeks back, I also wrote on the Occupy movement, challenging them to start their own businesses and be the change they are calling for in the world rather than just sitting around and protesting (“Are You Occupied?”). I wrote:

In the end, the world isn’t changed by people who complain. It’s changed by people who do. Don’t like the way corporate America and Wall Street operate? Be part of changing the way America does business by being an entrepreneur who starts a company to not only make money but also make the world a better place, starting companies like TOMS, for instance.

This week, there’s still no shortage of bad news. It seems that Congress can’t win—even when cheating. The Super Congress, it appears, will fail to reach any consensus on federal deficit reduction. This means the government now has 12 months to fix the problem, a problem the Super Congress couldn’t fix with bent rules. There’s already talk that this might lead to another downgrade.

Also, the euro is in deep trouble as the growing debt crisis in Europe threatens to topple the currency and the world’s economy with it. Many now believe that the future of the euro rests in the European Central Bank’s (ECB) ability to print money. If that fails, or the ECB chooses not to create massive debt, the currency will fall, sending shockwaves throughout the world.

But amid all this, there is good news this week too in the form of an opinion piece written in The New York Times, entitled, Generation Sell.

The article focuses on the youngest generation that is coming of age, the millennial generation, born in the late 1970’s through the mid-1990’s. The generation is the biggest since the baby boomers, estimated from 70 to 80 million—and apparently the most entrepreneurial generation ever.

According to the article:

Today’s ideal social form is not the commune or the movement or even the individual creator as such; it’s the small business. Every artistic or moral aspiration—music, food, good works, what have you—is expressed in those terms.

Call it Generation Sell.

Bands are still bands, but now they’re little businesses, as well: self-produced, self-published, self-managed. When I hear from young people who want to get off the careerist treadmill and do something meaningful, they talk, most often, about opening a restaurant. Nonprofits are still hip, but students don’t dream about joining one, they dream about starting one. In any case, what’s really hip is social entrepreneurship—companies that try to make money responsibly, then give it all away.

While there is unfortunately a hint of distaste in the voice of the article’s author regarding this trend, I find this to be an extremely positive and important article. Why? Because if this trend is true and continues, the world will be a better place.

While the disaffected youth who make up the Occupy movement get all the press, they make up a very small percentage of the upcoming generation. General numbers for the protests are in the tens of thousands (though these numbers are often disputed as overblown), this compared to a upcoming generation that numbers close to 100 million.

Quietly in the background, with no real fanfare, millions of other young people are doing exactly what I’ve advised. Increasing their financial education, desiring to be entrepreneurs to make the world a better place, and starting businesses that drive our economy and allow them to not only do things they are passionate about—but do so with true influence.

That is the power of entrepreneurship.

I invite you to stop protesting with words and to start protesting with action. Increase your financial IQ, discover your passion, and start a business to make the world a better place. What have you got to lose?

Are you interested in gaining knowledge to start - or expand - your own business? Learn more about what Rich Dad has to offer with our Entrepreneurship programs.

Leave A Comment jump to leave a comment
11/23/2011 9:46:05 AM
Hi Robert, Happy Thanksgiving, and we have alot to be thankful for. You said it well, when you said if you can't get rich in America; you can't get rich anywhere. I'm 50 and have the same mind-set as these young entrepenuers. The Gov keeps pushing back "the Carrot" on my social security date; and I'm supposed to trust them for SS to be there by that date anyway. The luxury of presumtion is the complacient false security that I am glad to have ripped out of my hand.Anything that causes me to coast, diminishes the fullness of my life mission and dreams. Enjoy Thanksgiving, contemplate thankfully ,,yes. Longingly wait for that "free ride" where I have to do nothing,, languishing stagnation.Small Business was around before the super Corperations and Stock Market. Small Businesses ( closely held not diminuitive in size)may be the real stablizer of the New Millenium economy.Rich Dad is our resource for growth, knowledge and connectivity as Small Businessmen. I thank God for all he gave me; but, I would like to take the time to thank you for being the friend of the Entrepeneur.Happy Thanksgiving,, Mark David Madden
Tuesday, November 29, 2011
11/28/2011 4:26:57 PM
Awesome article Robert. This is gives me hope. It's very inspiring. I know there's much more to this world than the dreary. "Be the change you want in the world." Love it.
Joshua Gamen
Tuesday, November 29, 2011
Rich Dad get your I.T. guy on your blog there is an issue with the comments button on this post. AWESOME piece. Rich Dad Education is the finest there is. So grateful to be on the journey and have your education.
12/4/2011 9:06:12 PM
i think the most imprtant thing for us,is the trends.stagflation?inflation?deflation?japan 1989 or us 1974?
12/3/2011 5:36:38 PM
Yes. I find it easier to go out and do something than to complain about the weather, since it can't be changed anyway. I didn't know a whole lot about finanaces and my IQ was low so now I'm a salesman in Gold and Silver and it's really opening my eyes, not only to sales but also to a whole financial world that I would never have found if it was not for you, Robert and the inspiration to go out and seek my future fortune.
Sunday, December 04, 2011
be honestly,in 1980,gold(850-250) and silver(50-2) had dropped more than 20yrs.but the inflation still went if the gold and silver went up 9times in 1yr,i would sell it all,just like what had happened in 1980.
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