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

10. “I didn’t do well in school. How can I be rich?” 
While you do have to go to school to become a doctor
or lawyer, you do not have to go to school to be rich or
an entrepreneur.
to find a job is that they have been trained to be an employee. 
They lack the real-life skills to become an entrepreneur.
To make matters worse, many students leave school deeply in 
debt. Without a job, they cannot pay off their school loans. 
School loans are different from home loans. School loans can 
never be forgiven. This means a person can walk away from a 
mortgage but not a school loan. If the student cannot find a job, 
the interest on their school loan accrues unpaid interest. In a few 
years, the debt explodes due to compounding interest, and the 
student is trapped like a monkey for life.
8. “I need job security.”
In this book you will learn the differences between security 
and freedom. Security and freedom are exactly opposite. The
more security you desire, the less freedom you have. That is why 
inmates in maximum-security prisons have the least freedom.
Monkeys are trapped because they cling to security.
This book is for those who want freedom and security.
9. “I need to invest for the long term in a well-diversified
 
portfolio of stocks, bonds, and mutual funds.”
 
This could be the worst financial advice of all. Just look at the
past decade, often referred to as the “lost decade” for those 
who invested in stocks, bonds, and mutual funds.
At the start of 2000, the DJIA (Dow Jones Industrial Average)
was at 11,357. At the close of 2010, the Dow was 11,577.
Up only a couple hundred points in 10 years. Talk about
long-term losers. A 0.2 percent gain in 10 years is a joke,
a tragic joke for those who followed this poor advice. 
As you already know, gold went from $282 to $1,405 in
the same 10 years, a 398 percent gain in 10 years.

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Introduction
Unfair Advantage
19
18
entitled “Why It’s Time to Retire the 401(k)” in 2009 showed why the 
401(k) is a disgrace due to the way it destroys people’s wealth. 
In the coming decade, the years between 2010 and 2020, the people 
following this advice from the Today show will be hurt the most. They 
will be whipsawed by ups and downs in the global economy and crushed 
by higher taxes. They will find life very expensive as inflation goes 
through the roof. A majority will wind up poorer as their investments in 
the stock market are lost to market crashes.
The greatest tragedy of all is that people who follow this old advice 
will miss out on the greatest opportunities in history. Tremendous wealth 
will be generated in the next 10 years, but not for those following that 
obsolete advice. Those following the old advice will watch in frustration 
as the rich become even richer, while life becomes tougher for them.
In chapter one of this book, I go into detail about how the crash
that began in 2007 was the best financial opportunity in my lifetime.
I expect the next 10 years to be even better.