Believe it or not, but that number has since exploded to $1.2 quadrillion in financial derivatives. Yet, somehow, the poor were blamed even though there were approximately $700 trillion in financial derivatives. вЂњThe rich created financially-engineered products known as derivatives.вЂќ Even Warren Buffett hated these, calling them вЂњweapons of mass financial destruction.вЂќ The derivatives were the cause of the housing market collapse. The real estate crash was caused by the rich, not the poor. However, it wasnвЂ™t until 2007 when вЂњsubprime borrowers began to default on their subprime mortgages,вЂќ that people realized that a house wasnвЂ™t an asset. Historically, people believed that your home was the biggest investment you can make. When Robert Kiyosaki first published Rich Dad, Poor Dad in 1997, every publisher who had rejected his book had criticized the lesson regarding a personвЂ™s house not being an asset. Rich Dad Lesson: вЂњYour house is not an asset.вЂќ And the biggest savers are the poor and middle class. TodayвЂ™s interest rates are relatively close to zero, which is what makes savers losers. Notably, after each stock market crash, the American government and the Federal Reserve Bank started вЂњprinting money.вЂќ When you look at the data visually, you can see how big of an impact the crashes were. The first three crashes of the 21st century pale in comparison to the great crash of 1929. However, the reason why savers are losers is that since 2000 there have been three massive stock market crashes. The emphasis on saving is only found in the poor and middle class. Thus, showing that the biggest increases in income go to entrepreneurs and investorsвЂ“ not employees.

Some economists in California even noticed that about 95% of income gains between 2009-2012 went to the wealthiest people in the worldвЂ“ the one percent. In todayвЂ™s world, thereвЂ™s never been a more significant divide between the rich and all other income classes. Rich DadвЂ™s Lesson 1: вЂњThe rich donвЂ™t work for money.вЂќ

Hire yourself and start calling the shots.

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