If the DJIA had performed as well as gold, in 2010 the DJIA would have been over 45,000.
In spite of these horrible statistics, millions still follow this advice.
Does this mean you should invest in gold?
Absolutely not. This means it is best to gain real-world financial education. If you are like most people and not interested in your financial education, then do as the experts tell you to do, which is to turn your money over to them.
Remember, gold is not a good investment if you are a bad investor. Nothing is a good investment if you are a bad investor.
In this book you will find that the more financial education you have, the more money you make, the less you will pay in taxes, and your returns will go up as your risk goes down.
One day I asked my rich dad, “Do you think real estate is a good investment?”
His reply was, “I don’t know. Are you a good investor?”
I then asked, “What advice do you have for the average investor?”
His reply, “Don’t be average. Average investors make smart investors rich.”
What you invest in—whether it’s business, real estate, paper assets, or commodities—is not as important as your investment in yourself. If you are a fool, you will probably lose no matter what you invest in.
This book is about investing in your financial education.
10. “I didn’t do well in school. How can I be rich?” While you do have to go to school to become a doctor or lawyer, you do not have to go to school to be rich or an entrepreneur. 17
by Rich Dad, Robert Kiyosaki