

When Robert Kiyosaki first published Rich Dad, Poor Dad in 1997, every publisher who had rejected his book had criticized the lesson regarding a person’s house not being an asset. Rich Dad Lesson: “Your house is not an asset.” And the biggest savers are the poor and middle class. Today’s interest rates are relatively close to zero, which is what makes savers losers. Notably, after each stock market crash, the American government and the Federal Reserve Bank started “printing money.” When you look at the data visually, you can see how big of an impact the crashes were. The first three crashes of the 21st century pale in comparison to the great crash of 1929. However, the reason why savers are losers is that since 2000 there have been three massive stock market crashes. The emphasis on saving is only found in the poor and middle class. Thus, showing that the biggest increases in income go to entrepreneurs and investors– not employees. Some economists in California even noticed that about 95% of income gains between 2009-2012 went to the wealthiest people in the world– the one percent. In today’s world, there’s never been a more significant divide between the rich and all other income classes. Rich Dad’s Lesson 1: “The rich don’t work for money.” Hire yourself and start calling the shots.
