Page 82 - Why We Want You To Be Rich - Donald Trump, Robert Kiyosaki.pdf

76 I CHAPTER FIVE

This has happened throughout history, asfar back as the Roman Empire.
In 1964, the United States took real silvercoins and replaced them with
fake silver coins. Immediately, real silver coins went into hiding.

I believe that people may not be saving because, either consciously or
subconsciously, they know the money they receive is not real money, so
they spend it asfast as they can. We are a nation ofdebtors today simply
because many people know their money isworth lessand less- so why
save it, since savers are losers. Most middle-class Americans have more
money in their home equity and retirement accounts than dollars saved
in their banks. Americans have one of the lowest savings rates in the
world. They are living longer with lessmoney and lessopportunity. This
problem leads to the next problem.

5. An entitlement mentality: Since millions ofpeople lack financial
resources, they now expect the government to solve their financial
problems or to take care ofthem. Ifthe government does not take care
ofthem, who will? With prices going up, who can afford to take care of
them?

The problem cannot be pushed forward much longer. With Social
Security in debt $10 trillion and Medicare in debt $62 trillion, it seems
the only way to solvethis problem is to keep doing what we have always
done - spend more than we earn, borrow more than we can afford, and
print more money. It is a death loop caused by the inability to solve the
problem - a problem caused by a lack of financial education. This
problem leads to the next problem.

6. Higher oil prices: Higher oil prices are not caused by a lack of
financial education; they are caused bygreedy self-interests and a lack of
financial vision. Although we have the technology and alternative
energy resources to replace oil, we have not done so. As a nation and a
world, we will suffer financially because ofthis greed and lack ofvision.

High oil prices create the domino effect on the previous problems. The
United States was able to borrow as much as it wanted to solve our

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