Why is Robert Kiyosaki not a billionaire
If you want to get rich, don't do an MBA
In her book "The MBA Bubble", Marina Zanetti, who did her MBA in Spain, explains why this is a waste of time and money. We were allowed to take the following excerpt from your book with your consent:
The first thing I will say on this subject is that many writers who write about success and wealth make it very clear: A job is not going to make you rich.
If you want to get rich, at some point in your life you must create another source of income besides your salary. The obvious and also devastating truth is that when you sell your time to others, you are quickly reaching the limit of what you can earn.
In his book, Rich Dad, Poor Dad, Robert Kiyosaki explains that rich people don't work for money. Rather, they create assets that then work for them. If you want to learn how to work for money, go to school. If you want to learn how to work even harder for it, do an MBA.
Sure, a few top managers make millions (and are therefore millionaires). Some people still believe that they could get that position with an MBA - as if the “Businessweek” study that found that an MBA wasn't really related to professional success wasn't convincing enough.
Do you want more evidence? If you look at the degrees of CEOs of the CAC 40 (French benchmark index of the top 40 French public companies), you will find that the MBA is only an "optional" degree.
In some companies he is still wanted to climb the corporate ladder. However, these companies represent a small percentage in the market, and you don't need an MBA to get a top manager position.
But now back to the topic that really interests you: how to get rich. To get rich, you should be a founder or investor. Or both. From a purely statistical point of view, your chances of becoming a rock star, top athlete or board member of Standard & Poor are relatively slim (and believe me, an MBA won't change that either).
The richest men in the world are start-ups and do not have an MBA. Many of them have no degrees at all or even dropped out of college when they found that they were only being taught how to be employees.
Today these people hire the graduates. Think of Mark Zuckerberg with Facebook, Bill Gates with Microsoft, Steve Jobs with Apple, Amancio Ortega with Zara-Inditex, Richard Branson with Virgin, or Ingvar Kamprad with Ikea.
And there are many more anonymous rich men and women who have never been to college learning how to be a corporate slave.
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