What Schools Will Never Teach You About Money By Robert T. Kiyosaki

A Word of Caution:
Drilling for oil is an extremely risky venture and 
that is why such investments are, by law, available only to accredited 
investors, investors who have the money and knowledge. 
The high risk is not in oil itself, but in the entrepreneur who is drilling 
for oil. Even successful oil drillers drill dry holes. If you do not have 
the education or the money, it is best that you not invest in oil-drilling 
partnerships. It is safer for you to invest in shares of oil companies, 
companies such as BP and Exxon. Shares can be purchased through 
your stockbroker. Investing in stocks of oil companies, you can achieve 
capital gains and cash flow from dividends, but you do not receive the 
tax advantages.
FAQ
What about the environment? What about global warming?
Answer and explanation 
I get this question all the time. My reply is, “I too am concerned with 
the environment.” This is why some of the money my investments earn 
is invested in alternative fuels and power companies. I have a substantial 
investment in a small start-up solar company. Having seen an atomic 
bomb go off with my own eyes when I was a kid, I am against nuclear 
power because nuclear waste stays harmful for thousands of years. 
If we strike oil, and that if is a real if, which is why experience in the 
oil industry is essential, the financial statement looks like this:
For simplicity, let’s say my income from the well is $5,000 a month. 
(The income will vary with production and oil and gas prices.) The 
$5,000 in income is also given a tax break of 20 percent, which means 
I pay tax on $4,000 instead of $5,000. If I earned $5,000 in the E or S 
quadrants, I would pay tax on the full $5,000. 
To me, this type of tax-advantaged investment makes more sense than 
investing in my 401(k) for forty years, buying, holding, and praying 
that I have enough money to last the rest of my life.