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

Time to Let Go
A monkey cannot find freedom until the monkey lets go. The same 
is true for humans. Humans cannot find freedom until they let go of 
old, obsolete ideas. 
As the old saying goes: The definition of insanity is doing the same 
thing over and over and expecting a different result. Yet that is what 
people are doing. They listen to obsolete experts dishing out obsolete 
financial advice, advice that has not worked. Yet, they continue to cling 
to those obsolete ideas.
I know it is hard to change old ideas. As they say: You can’t teach an 
old dog new tricks. With humans, it is difficult to change a person who 
clings tightly to old ideas.
This book is about the unfair advantage a sound financial education 
can afford anyone, rich or poor, smart or not so smart, living in a rich 
country or a poor country. With the World Wide Web, anyone living 
anywhere can gain enormous wealth in the world economy. All they 
have to do is adopt new ideas, be serious about their financial education, 
and take action.
Some of the richest people in the world did not graduate
from school. Examples are Henry Ford, founder of Ford;
Thomas Edison, founder of General Electric; Bill Gates,
founder of Microsoft; Mark Zuckerberg, founder of 
Facebook; Richard Branson, founder of Virgin; Walt Disney, 
founder of Disney World; and my hero, Steve Jobs, founder 
of Apple.
Many people are trapped like a monkey today because they
went to school and were trained to be workers in the E and
S quadrants. 
This book is for people who want to know what life is like in
the B and I quadrants and what kind of education it takes to 
get there.
Final Word
On January 24, 2011, on the TODAY show, the following advice 
from Consumer Reports and Jean Chatzky, their resident financial 
expert, was offered. It is the same advice they’ve been dishing out
for years:
•
Live modestly.
•
Have a budget and open a 401(k) retirement plan.
•
Catch up. (In other words, save, save, save.)
•
Pay off debt.
•
Work longer; retire later.
I would never follow this advice. Not only is it bad advice, but 
it is also depressing advice. Who looks forward to living modestly 
and saving? On top of being depressing, this advice terrifies me. 
While this may sound like great advice, especially for the financially 
uneducated, I believe this is terrible advice.
In this book you will find out why a retirement plan, such as 
a 401(k), is the worst way to invest. TIME magazine in an article 

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Introduction
Unfair Advantage
21
20
Remember, you cannot fit two cars in a one-car garage.
Just as a monkey cannot find freedom unless it lets go, human beings 
cannot change until they let go of old ideas. With the financial challenges 
up ahead, adopting new ideas is better than clinging to old ideas.
As the Industrial Age and Information Age collide, a massive 
transfer of wealth is under way. Those who were rich yesterday may 
not be rich tomorrow. Many who are middle class today, will be poor 
tomorrow. Just because you were an “A” student yesterday does not 
mean you know much today.
This book is about letting go of the past and moving into a brave 
new world of wealth, opportunity, and abundance.