Page 63 - Why We Want You To Be Rich - Donald Trump, Robert Kiyosaki.pdf

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CHAPTER FOUR

How To MAKE

YOURSELF RICH

Robert's View

Solve Problems

Everyone has money problems. Ifyou want to make yourselfrich, solve
problems. Identifying a problem creates the opportunity for creating a
solution.
Everygeneration will have its own unique set offinancial problems. For
myparents' generation, their challenges included a Depression and aWorld
War. Their solution to those problems was to go to school, get a safe and
securejob with benefits, retire at 65, and play golffor the rest oftheir lives.
Many ofthe World War II generation had a Defined Benefit Pension plan,
savings, Social Security and Medicare. For many ofmy parents' generation,
a good education and a good job were adequate for financial survival.
My generation, the baby-boom generation, faces a set of different
financial problems. Today, a good college education and a good job are not
enough. To make matters worse, jobs are being exported overseas. Today,
fewer and fewer companies have Defined Benefit Pension plans. Because
Defined Benefit Pension plans are so expensive, companies that do have
them are starting to alter them or discontinue them simply to savemoney.
Companies do not want to pay for employees for life.
In 1974, due to the changing global markets, many companies stopped
offering Defined Benefit (DB) plans and began offering Defined
Contribution (DC) plans, which later became known in the United States
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