Qing Zai made an interesting point: to get rich, one cannot rely solely on one type of education.
The first type is the basic education taught in schools — it can help you become a good employee, but it doesn't teach you how to manage your finances.
The second type is vocational education—lawyers, doctors, and pilots earn quite a bit, but these people are not actually wealthy. The problem is that they only learned how to make money through work and have never learned how to do business, how to invest, or how to make money using assets. In the end, they are still tied down by their jobs, paying a lot of taxes and spending money on liabilities.
The real secret is the third one - financial education. Understanding what assets and liabilities are, how to use leverage, how to read financial statements, how to legally reduce taxes... this is the skill that makes money work for you.
Kiyosaki himself has also said that all three types of education are actually necessary (professionals like lawyers, accountants, and brokers are indispensable), but if you want to truly get rich, financial education is the most crucial. This also explains why so many high-salaried individuals still live exhausting lives—they lack this lesson.
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Qing Zai made an interesting point: to get rich, one cannot rely solely on one type of education.
The first type is the basic education taught in schools — it can help you become a good employee, but it doesn't teach you how to manage your finances.
The second type is vocational education—lawyers, doctors, and pilots earn quite a bit, but these people are not actually wealthy. The problem is that they only learned how to make money through work and have never learned how to do business, how to invest, or how to make money using assets. In the end, they are still tied down by their jobs, paying a lot of taxes and spending money on liabilities.
The real secret is the third one - financial education. Understanding what assets and liabilities are, how to use leverage, how to read financial statements, how to legally reduce taxes... this is the skill that makes money work for you.
Kiyosaki himself has also said that all three types of education are actually necessary (professionals like lawyers, accountants, and brokers are indispensable), but if you want to truly get rich, financial education is the most crucial. This also explains why so many high-salaried individuals still live exhausting lives—they lack this lesson.