The New Rules of Money

1971 was not just one of those years... It was the beginning of the new rules of money according to Robert Kiyosaki. It became very clear with the introduction of what would later be called a 401k in 1974. The old rules of money had been around for a long time but they had been showing some signs... they weren't working so well. I can't explain it any better, listen to Robert Kiyosaki.

Robert Kiyosaki has published several books that are very relevant to the new rules. But first the "Old Rules":
1. Go to School to get a good Job
2. Work Hard
3. Save Money
4. Buy a House
5. Get out of Debt
6. Invest for the Long Term
7. Diversify

Robert's "New Rules of Money":
1. Get a good financial education (get familiar with Austrian Economics)
2. Know the difference from a Job and Work (Cashflow Quadrant)
3. Hedge not Save
4. Know the difference between an Asset and a Liability (Cashflow)
5. Know what Good Debt and Bad Debt is (Debtors can be Winners)
6. Know the difference between Buy, Sell and Fool (The Greater Fool Theory)
7. Follow One Course Until it's Successful (Don't Diversify, FOCUS)