Robert Kiyosaki, author of the bestselling book ‘Rich Dad Poor Dad’, discusses the growing wealth and income inequality crisis.
He emphasizes the importance of financial literacy and entrepreneurship in addressing this issue, and critiques the current financial system and traditional education.
The wealth gap is a moral and spiritual crisis
The rapidly widening gap between the rich and the rest, coupled with a rising entitlement mentality, represents a moral and spiritual crisis.
This issue is exacerbated by a deteriorating financial system where savers are penalized, and the declining middle-class incomes.
The rich are getting richer due to systemic advantages
Factors such as tax cuts disproportionately benefit the wealthy, contributing to the wealth gap.
Robert Kiyosaki attributes his own financial success to the lessons he learned about why the rich get richer.
Financial literacy is crucial for wealth creation
Understanding basic financial concepts like income, assets, liabilities, and cash flow is the foundation of financial literacy.
It’s not just about saving money or investing in the stock market, but about acquiring assets and building wealth.
