Page 240 - Why We Want You To Be Rich - Donald Trump, Robert Kiyosaki.pdf

234 I CHAPTER TWENTy-ONE

They are:

1. Accounting
2. Business law

I do not recommend these subjects because I think everyone should
become accountants or attorneys. I recommend these two subjects because
they give the student the ability to see into a business or investment.

Understanding these two subjects is like putting on X-ray glassesand being
able to see what most people cannot see.
Financial advisors are able to convince you to turn your money over to

them because they know you believe they can seewhat you cannot see.They
want you to think they have the inside track. Well, some do, but most don't.
Most financial advisors are salespeople (which is why they are called

brokers). As I've said, a majority of them do not invest in what they
recommend.

One ofthe benefits ofgoing to school and studying different subjects is
that you learn the disciplines and the "languages" particular to different
professions. For example, when I went to flight school, I learned the
disciplines ofpilots and the lingo they used. When I was at the academy, I
learned the disciplines needed to live on a ship and become an officer. I
learned that in the shipping industry, instead of using the words right or
left, we use starboard or port.
When you study accounting,you will learn to read numbers and words
particular to that field. For those ofyou who read Rich Dad Poor Dad, you
may remember that my rich dad had a different definition for the word asset
than my poor dad. That is why my poor dad called his house an assetand
my rich dad called his house a liability. My rich dad understood the
definitions of that word, and my poor dad did not. That one distinction
made a big difference over the lifetimes ofboth men. I still run into financial
journalists and salespeople who want to argue with me over the definitions
ofassets and liabilities.
Bythe way, the reason most houses are a liability is because in accounting
there are three basic reporting forms. They are: 1) the income statement"

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