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  • Essay / Why do the rich get richer and the poor get poorer?

    Financial independence is a destination for some, an idea, a journey, a place or a position in life that we all hope to one day achieve. How is it that in one of the richest countries in the world, only 10 percent of the population owns 90 percent of its wealth? Is it the fault of our education system, our parents or the fault of the government? This question has been asked for a long time by various individuals and by certain societies as a whole. In his book Rich Dad, Poor Dad, Robert Kiyosaki addresses the question of why the rich get richer and the poor get poorer. At the age of 9, Robert Kiyosaki began learning life lessons about the differences between the rich, the poor, and the middle class. Robert and his best friend Mike lived in a small sugar plantation town in Hawaii. Robert's family was not considered wealthy, but they were not considered poor either. Being a middle class family, his father, a school teacher, and his mother, a nurse, could afford a decent house in the good side of town. In this town, there were two schools; School #1 is where the rich sent their children and School #2 is where the poor and middle class sent their children. It turns out that Robert's family home was located on a certain side of the street, so he was able to attend school with the rich kids. It was there that he met his best friend Michael. Being best friends, Robert and Mike spent a lot of time together doing what boys do. They also did a lot of things that boys don't have to do, boys will be boys. One day at Robert's school, Robert overheard his friends (at least he thought they were his friends), we are going to take a trip to their beach house for the weekend. Robert and Michael express their desire to accompany them as well. But his "friends" told them that... middle of paper...... If a lawsuit is filed Number five: The rich invent money. In Robert Kiyosaki's book, Rich Dad's CASHFLOW Quadrant, Robert says you need to develop the ability to create many different financial solutions. Rather than finding another job to solve their financial problems, the wealthy find solutions to problems while focusing on building assets. This is why the rich get richer. Number six: Work to learn, don't work for money. Robert's rich father taught him that working primarily for money does not make a person rich. The author's wealthy father suggested that Robert, when he was a young man, take a job for the educational value he could get from it, not for the money. Many people know the dedication and training that professional boxers go through. Before receiving any type of pay, professional fighters commit to perfecting their craft..