Wealth & Income inequality…
Biggest Moral Crisis in America Today
Earlier this year, I had the pleasure of speaking at a TEDx event in San Diego, CA. For those of you unfamiliar with TED, it is a nonprofit devoted to spreading ideas, usually in the form of short, powerful talks. It began in 1984 as a conference where Technology, Entertainment and Design converged, and today covers almost all topics—from science to business to global issues. TEDx was created in the spirit of TED’s mission, “ideas worth spreading.” It supports independent organizers who want to create a TED-like event in their own community.
Of course, I was honored to be invited to speak. The difficult part was deciding exactly what idea I wanted to share in less than 20 minutes! So I looked at what was happening in today’s economy and this word “inequality” kept popping into my head. I decided to share my thoughts on the growing gap between the rich and the poor, and exactly how this happens.
In 2002, I wrote Rich Dad’s Prophecy, I wrote about the coming stock market crash and retirement crisis as baby boomers began pulling money out of their paper-asset-stocked retirement plans in order to live. One reason why the gap between the poor and the rich is growing as such a fast pace is because so many people as still playing by the old rules of money.
To know, understand, and play be the new rules of money you first have to have a financial education. The rich are getting richer because they understand the rules of money and how to use them to their advantage. One of the reasons I wrote, in 1997, Rich Dad Poor Dad was because I knew that money was not being taught in schools and I had a calling to teach people all the things my rich dad taught me.
Going forward, the middle class will continue to shrink and the divide between the rich and the poor will only grow. I want you to grow richer. I want you to continue your financial education; I want you to learn how to profit from taxes, debt, and inflation rather than allow them to make you poorer. I believe that there is a way for everyone to become rich. It’s up to you to take action.