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Watch part two
Are we programmed to be financially illiterate? Do our schools mass produce graduates destined to work for someone else?
In 1997, Robert Kiyosaki, a US entrepreneur, decided to self-publish a brochure with advice on investing and personal finances.
That publication, Rich Dad, Poor Dad, and its sequels went on to sell more than 26 million copies in 38 different languages.
The "Poor Dad" he refers to is his biological father, who was highly educated, worked all his life, but had very little real net worth.
The "Rich Dad," however, invested in real estate and businesses to generate "passive income," and knew how to take advantage of the tax laws to his benefit.
Kiyosaki argues that the only way to break free of the rat race is to support oneself by investments alone.
He stresses financial literacy as a means of obtaining wealth.
In his latest book, Conspiracy of the Rich: The 8 New Rules of Money, he writes that the most important lessons are not taught in school.
We are left to learn about balance sheets, income statements, profits, losses, assets, liabilities, income, expenses and personal cash flow on our own.
On Tuesday, Riz speaks with Kiyosaki about his controversial advice - "cash is trash," "spend, do not save" - and his tips on how to get ahead in today's uncertain economic times.
This episode of the Riz Khan show can be seen live on Tuesday, November 24, 2009 at 2030GMT with repeats on Wednesday at 0030GMT, 0530GMT and 1130GMT.
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