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

FAQ 
How do you know what is important to the economy?
Short Answer 
Look at financial statements, especially the expense column.
Explanation 
When you look at a person’s financial statement, if they have one,
you can see what is important to them and their personal economy. 
Their personal economy is what they must spend money on. A few 
examples are:
Expenses
Taxes: to stay out of jail
Shelter: a roof over their head
Food: without food, cannibalism is next
Fuel: we need to keep moving and warm
Clothing: most look better with clothes on
Communication: cell phones
Transportation: humans need to get to work
Entertainment: recreation, movies and TV
Education: for economic survival
Income
INCOME STATEMENT
Education company
Apartment houses
Resort & 5 golf courses
Commercial buildings
Oil
Intellectual property
Gold and silver
Solar business
Assets
BALANCE SHEET
Liabilities

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Chapter Five
Unfair Advantage
173
172
The rich focus on the asset column. 
They know if they focus on 
assets first, expenses and liabilities will be handled.
In the new economy, if you do not get your money into the asset 
column, converting your money into assets that cash flow, you will 
probably work hard for money all your life.
We Do Not Live Below Our Means
Most financial advisors recommend living below your means. This 
is good advice for the poor and middle class. It is not good advice for 
people who want to be rich. Kim and I do not live below our means. 
We believe living below our means only depresses our spirit. 
So rather than live below our means, we invest in education and 
assets. For example, when we were building The Rich Dad Company, 
we took classes almost every weekend, learning as much as we could 
about business in the new economy. We did the same for real estate, 
technical trading, and commodities.