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

In Closing
I write this book because there is simply too much greed in the 
world. For this financial crisis to end, we need more generous people.
I write to encourage good people like you to be students of 
financial education, take care of yourself financially, and focus on 
being generous with your God-given gifts. 
As Dr. Fuller reminded me in 1981, it is by being generous that we 
find our God-given gifts and our God-given genius.
 
Capitalism has come under severe attack during this financial 
crisis. Many people believe capitalists are greedy, corrupt, and evil. 
Granted, many are.
Yet, if you look at what true capitalists do, true capitalists only 
profit if and when they make life better, often saving us time and 
money. For example, the Wright Brothers were the first to fly, but it 
took capitalists to build an airline industry, making flying safe and 
affordable for the masses. Today, I am happy to pay for an airline 
ticket because flying is easier, faster, and a lot less painful than 
walking, which we all would be doing if not for capitalists.
The same is true for using my cell phone. I am able to do business 
anywhere in the world, even while on vacation. I am happy to pay for 
the use of my cell phone because it makes my life easier and makes 
me richer.
General Electric, founded by Thomas Edison, not only makes 
life better through electricity, but also extends life through medical 
technology. I gladly pay for the benefits that GE medical products 
bring to my life.
And what would I do without my Apple computer? I might 
never have written Rich Dad Poor Dad if not for Steve Jobs making 
the computer simple enough for a non-techie like me to use. The few 
dollars I spend on my computer make me millions of dollars each year. 
And my Ferrari, Bentley, Ford, or Porsche would be useless if the 
government did not tax car owners to build and repair our roads.

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Conclusion
Unfair Advantage
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190
Your home is not an asset. You are the asset. Every month, 
homeowners send checks to the bank, tax department, insurance, and 
utility companies.
Your retirement plan is not an asset. It is an unfunded liability.
Your retirement savings go to the rich who use your money to acquire 
their assets—real assets.
Students who leave school, looking for a high-paying job, soon fly 
into the web of capitalism, not because capitalism is necessarily evil, 
but because the educational system fails to prepare students for the 
real world. Without financial education, students are trained to be 
the victims of capitalism. The school system’s belief that “the rich are 
greedy” becomes a self-fulfilling prophecy. 
As I’ve often stated, true capitalists are generous. They produce a 
lot and receive a lot. Could it be the school system that is really the 
greedy party?
Marx envisioned a war between the proletariat and the bourgeoisie, 
the capitalist class, since workers naturally wish their wages to be as 
high as possible, while the bourgeoisie, the capitalists, wish for wages 
to be as low as possible.
In the brave new world of the new economy, in the ongoing war 
for high wages versus low wages, the capitalist class is winning. The 
capitalists win because it is easy to move production to lower-wage 
nations. Technology also reduces the number of workers needed to run a 
business. Production goes up, labor costs go down, and capitalists win.
The world is changing rapidly. The school systems are not. Schools 
continue to teach people to be proletarians, to leave school in search of 
a high-paying job. This is financial suicide. 
Always remember: A job is not an asset, nor is money an asset, 
nor is a home an asset. The worker’s savings in their retirement plan is 
only a source of cash for true capitalists. When markets crash, as they 
always do, the workers lose, and the capitalists win.
Remember, in Marxist theory, the proletariat is a class of capitalist 
society that does not have ownership of the means of production. In 
the new economy, where money is no longer real money, the working 
class works for nothing. They have no assets. 
I believe you get my point. While it is true that there are greedy, 
crooked, lazy people who exploit the capitalist system, they are not 
true capitalists. They are simply greedy, crooked, and lazy people. 
This financial crisis was caused by corruption at the highest levels 
of government and business. Like a cancer, legalized corruption eats 
away at the moral fiber of the world. Men and women of power, 
craving more power, sell their souls to glorify their egos, destroying 
lives and bleeding the wealth from people they are supposed to serve. 
In world governments, we have too many professional politicians. 
Many “public servants” serve without any real-world business 
experience, running the biggest business in the world —the business 
of government. No wonder government is corrupt. 
While corrupt and incompetent business and political leaders 
have damaged the economy, I believe one of the biggest reasons for 
this financial crisis is an obsolete educational system. In the United 
States, the more we spend on education, the worse the system gets.
One problem with the school system is the failure to focus on 
true capitalism. Hence, we have corrupted capitalism and corrupted 
governments running the world. In schools, there is a subtle socialist 
agenda, a subtle undercurrent implying “the rich are greedy.” 
In Marxist theory, the proletariat is a class of capitalist society that 
does not have ownership of the means of production. All they have to 
sell is their labor for a wage or salary. Proletarians are wage-workers, 
trained—like Pavlov trained his dogs—to work for money.
Our school system produces this class of capitalism, the 
proletariat class, a wage earner, a person who leaves school looking 
for a job. Many will never own anything of value, and many will die 
with nothing, simply because our schools, while resenting the rich, 
produce the workers they claim the rich exploit.
A job is not an asset. You cannot own a job. You cannot pass your 
job on to your kids. 
Money is not an asset. Today, money is debt and is rapidly being 
devalued with more national debt.

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Conclusion
Unfair Advantage
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192
Once the government is assured of being paid, the new employee 
agrees to send a portion of their paycheck to a mutual-fund company, 
investing in their retirement, which means the rich get paid next. 
In the United States, if a worker refuses to invest in a company-
sponsored retirement plan made up of mutual funds, the employee 
loses their matching contribution from their employer. In other
words, “If you do not pay the Wall Street bankers, we do not have
to pay you.”
Many employees naïvely believe the matching contribution comes 
from their employer. The naïve employee does not realize that the 
matching contribution was his or her money in the first place. If the 
employee refuses to invest via a payroll-investment plan, the employer 
saves money. 
This is how much power Wall Street has over our government and 
labor laws, laws that labor unions endorse. Talk about corruption.
As soon as their new job is secure, the new worker begins to save a 
little money to buy their dream home because they know, “Your home 
is an asset and your largest investment.” 
Few people realize that the mortgage, and the homeowner who 
pays the mortgage, are the real assets.
The new member of the working class is now transferring his or 
her money into the pockets of the bourgeoisie through the agents 
of the capitalist class: the bankers, real estate agents, stockbrokers, 
financial planners, and politicians.
The bourgeoisie isolate their world from the world of the working 
class via the education system. In other words, the educational system 
is being used as the primary agent of the so-called “greedy rich” whom 
educators despise.
This is why there is no true financial education in schools.