Page 15 - Why We Want You To Be Rich - Donald Trump, Robert Kiyosaki.pdf

INTRODUCTION I 9

mutual funds may be good advice for the poor and middle class,
it is not good advice for people who want to become rich . This
book is about seeing through the eyes of two rich men and
understanding a world of money very few people get to see.

How History Affects Today

This book will also discuss how history has brought us to this
financial state of emergency. Some important dates are:

1971: Our money stopped being money and became a
currency when it ceased being backed by gold. This is the
year that "saving money" became obsolete and bad
financial advice. Today, the middle class has very little in
savings.

Could it be because they know that savings is an
obsolete idea?

1973: The first oil shock was felt. It was a political problem.
However, today the current oil shock is an actual supply
and demand problem that wi II affect all of us. Some of us
will get richer, but most of us will become poorer as a result
of today's oi I shortage.

How will the current oil crisis affect you?

1974: ERISA, the Employee Retirement Income Security Act
was passed. ERISA eventually led to what we now know
as 401 (k) plans. Few law changes have affected so many
of us as this one. The 401 (k) was originally an arcane
subparagraph in the u.s. Tax Code originally created only
for high-income CEOs and executives looking for a way to
shelter a few more dollars. It became a revolution in
retirement savings after the IRS ruled in 1981 that workers
could use the same rule. The problem is that the 401 (k) is
a savings plan and not a retirement plan. Many workers
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