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

FAQ
What happens if I work for money?
Short Answer
The more money you make… the more money you lose.
Explanation
Two things happen for people working for money. 
1. They get caught in the cycle of hard work, higher taxes, debt, 
and inflation. They look like rats in a pet store, running 
furiously on the wheel to nowhere.
2. They stop working. Many people simply say, “Why work any 
harder? If I make more money, the government just takes 
more. Why work if I can’t get ahead?”
This is why the rich don’t work for money. In the new economy, a 
person needs to know how to convert their phony money into real 
money as quickly and safely as possible.
This takes financial education, education that will prepare you to 
do what the government wants done: things like owning a business 
that employs people rather than the employee, providing housing 
rather than buying a house, producing oil rather than burning oil, 
and producing food rather than eating food. In countries all over the 
world, governments reward producers and punish consumers who work 
for money.
More Money Does Not Make You Rich
I can remember in the 1950s, when my poor dad earned $300 
a month, or $3,600 a year. His income barely covered the living 
expenses for a family of six. He worked very hard but was always 
broke, spending more than he earned, and our family struggled.
He could not get ahead, so he went back to school for advanced 
degrees that would enable him to earn more money.
In the 1960s, his career took off, receiving promotion after 
promotion, climbing the ladder inside the educational system of 
Hawaii. By 1968, he was earning $65,000 a year as Superintendent of 
Education for the state, which was a lot of money then. The problem 
was that even with more money, my dad was still broke. He bought a 
new house in an expensive neighborhood, a new car, and still had the 
expenses of kids in college. His income went up, but so did his lifestyle 
expenses. He had no assets except for a little money in savings.
In the early 1970s, he ran for Lt. Governor and lost. In his mid 
fifties, he was out of work and even more broke. If not for Social 
Security and a small pension, he would have been destitute.
When the dollar went off the gold standard in 1971, the biggest 
financial boom in world history began, but my dad was not a part 
of it. Although he held a PhD in education, his education had not 
prepared him for the real world of money. He saw the world from the 
E and S quadrants and knew nothing of the B or I quadrants.

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Chapter Five
Unfair Advantage
169
168
As his friends grew richer, my dad grew angry and bitter. As his 
anger grew, so did his belief that rich people were greedy people.
Today, millions of people are in the same shoes as my poor dad. 
Many are well-educated, hardworking people, but they are falling 
behind, rather than getting ahead in this crisis. They fall behind 
because they work for money and save money.