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

FAQ 
Won’t the government plug this loophole?
Short Answer 
Anything is possible, but I doubt it.
Explanation
I stated earlier that after 1971, money became debt. For the economy 
to grow, the economy needs debtors. This is why the government’s taxes 
punish savers and incentivize debtors, especially debtors who can take on 
large amounts of debt. 
If the government took away this debt loophole, the economy would 
seize up immediately, chaos would break out, and the crowd would roast 
the politicians. If the government does close this loophole, they will open 
others for their friends, friends with money who finance their campaigns.
FAQ 
Isn’t it cruel for people who do not know how to use debt?
Short Answer
Very cruel. I laugh and I cry every time I see someone win the lottery or 
a young sports athlete receive a $50 million contract to play professional 
sports. What is the first thing these people do? They rush out to buy a big 
house and nice cars, not only for themselves, but also for their family and 
friends. Rather than use their money to get richer, they use their money to 
fall deeply into debt, debt for liabilities. It is not long before their money 
is transferred back to the government and the rich. In the end, the foolish 
person is only left with debt.

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Chapter Three
116
Final Word
Every day, billions of dollars are being printed. Every day, there are 
trillions of dollars looking for a home. The reason there is a growing 
number of poor educated people is because they have never been taught 
how to access this multi-trillion-dollar pool of money. Most people are 
standing next to this massive ocean of money, afraid to jump in because 
they never learned how to swim.
In 1997, Rich Dad Poor Dad stated: “Your house is not an asset.” Hate 
mail poured in from realtors from all over the world.
In 2006 in Phoenix, a rather obnoxious real estate agent ran television 
commercials encouraging people to buy real estate because prices were 
going up. Four years later, that same real estate agent ran television 
commercials encouraging the people who had bought houses from him to 
let him get rid of their houses that had now gone down 3 in value.
Again, that is the difference between real estate education in the
S quadrant and real estate education in the I quadrant. 
The really sad thing is that in 2010, interest rates were really low and 
banks were giving away great real estate. It was a time for the rich to get 
richer, while, ironically, the poor were getting poorer.
As the Bible states: “My people perish from a lack of knowledge.” 
Today, millions of people are perishing because they do not know the 
difference between assets and liabilities. Millions are perishing because they 
work hard for money while governments are printing trillions of dollars, 
which means an increase in taxes and inflation. Then these same people try 
to save money and use bad debt to acquire liabilities, liabilities they think 
are assets. This is financial insanity.
The unfair advantage is the knowledge to use debt to acquire assets, 
assets that produce cash flow for an infinite return—and to know not to 
save money, because money is no longer money. Money is now debt, and 
that is why savers are losers.
Chapter Four