Rich Dad Poor Dad Author Slams Financial Education

Bitcoin Over Dollars? Rich Dad Poor Dad Author Slams Financial Education

Written by Aaron S.,

Editor-In-Chief

Last Updated: September 18, 2025

Key Takeaways

Robert Kiyosaki noted that schools misguide youth by promoting outdated financial habits that favor a weakening currency;
He called paper money "fake" and said central banks enrich the wealthy through inflationary policies;
Kiyosaki pointed to Bitcoin’s rise as proof that alternative assets outperform traditional savings.

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Robert Kiyosaki, author of Rich Dad Poor Dad, shared his concerns about how young people are taught about money.

Speaking on a podcast hosted by Jordan Walker from Bitcoin Collective, Kiyosaki said it is wrong that children grow up learning to earn and save a currency that loses value over time.

He argued that schools still promote outdated financial advice. According to him, students are told to study hard, find steady jobs, save money, and invest in retirement plans that do not really help them build wealth.

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Kiyosaki described today’s money, especially paper currency, as "fake". He claimed that most people do not understand what real money is, because the education system does not teach it.

He also called central banks dishonest and even referred to them as "Marxist". His main point was that when more money is printed, it often benefits those who already own assets, such as real estate or stocks.

Looking at inflation data, Kiyosaki pointed out that $1,000 in the year 2000 has lost almost half its value by 2025. While the Federal Reserve aims for an annual inflation rate of around 2%, August's inflation rate was 2.9%, with core inflation at 3.2%.

In contrast, Kiyosaki stated that Bitcoin’s BTC $114,714.85 price has increased from around $11,670 to over $117,000 over the past five years. His first purchase was made when Bitcoin was valued at $6,000. At the time of writing, he holds about 60 Bitcoins, worth close to $7 million.

On September 15, Tom Lee, chairman of BitMine, predicted that Bitcoin and Ethereum would rise in Q4. How? Read the full story.