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

The Rich Don’t Work for Money
In Rich Dad Poor Dad, rich dad’s #1 lesson is, “The rich don’t work
for money.” 
This statement bothered many people in 1997 when Rich Dad Poor 
Dad was published and still does today—especially people who believe 
the rich are money-hungry people. Granted, a few are. 
Yet, it is people who work for money who become the money-
hungry people, especially in a financial crisis.
FAQ
Why not work for money?
Short Answer 
Because money is no longer money.
Explanation
In the old economy, it was possible to work hard and save enough 
money to enjoy a good life. Once a person retired, they would earn 
enough interest from their savings to live a comfortable life.
In this new post-crisis economy, not only are interest rates at 
record-low rates, but the government continues to print trillions in 
counterfeit money, an action that destroys the purchasing power of 
your labor and your savings.

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Chapter Five
Unfair Advantage
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Most frightening in the new economy is the compounding interest 
on trillions of dollars of debt. I do not know how this is sustainable. 
If interest rates rise, as they did in the 1980s, the world will go bust 
when U.S. taxpayers say, “Sorry, we can’t make the mortgage payment 
on the national debt this month.” When that happens, the real 
economic crisis will surface.
The power that debt wields over an economy has already occurred in 
Japan, Latin America, Mexico, Russia, Iceland, Greece, Spain, Italy, 
Portugal, and Ireland. America, England, and Europe are soon to 
follow. Welcome to the new economy.
The Three-Legged Stool
In the old economy, financial advisors often spoke of the three-legged 
stool of retirement. One leg was personal savings, one leg was a company 
pension, and the third leg was Social Security. The three-legged stool 
supported the World War II generation, but for millions in the baby-
boom generation in the United States, their three-legged stool will
have no legs.