8 Financial Myths About Money According to Robert Kiyosaki


New Rules About Money

Did you know all of the rules about money you were taught in school have all changed?  They are now very destructive myths and can actually be dangerous according to the world’s top personal financial educator, Robert Kiyosaki.

Changed My Beliefs About Money

When I started my home based network marketing business back in 1995, I realized the rules I was taught in school about money was not going to help me attain the freedom I desired in my heart.  I studied Robert Kiyosaki’s best selling book, “Rich Dad Poor Dad“, and then I went on to study almost everything he wrote.  I realized I had to change my beliefs about money, education, a job, security, etc. before I could be a successful entrepreneur.

Shooting The Sacred Cows Of Money

Robert Kiyosaki recently released a series of videos in which he says we must “shoot the sacred cows of money”, and he says “The mission of Sacred Cows is to take you from the established mindset to the enlightened mindset about money—and to break the bonds of our culture’s destructive myths about money”.  Robert’s website is http://www.shootingthesacredcows.com.


The 8 Sacred Cows We Must Change:

1.  Go to School
2.  Get a Job
3.  Work Hard
4.  Save Money
5.  Your House Is An Asset
6.  Get Out of Debt
7.  Live Below Your Means
8.  Invest For The Long Term

Get A Job

The “sacred cow” I want to address today is #2, “Get A Job“.  I did this for over 13 years and missed 8 years of my son’s life.  I questioned my life at this point because I had sacrificed my most precious years with my son to “climb the corporate ladder”, only to find us still in the same “routine” everyday!  I wanted freedom and the time to be with my son.  I am so glad my deep yearning to be home with my son, lead me to find what Robert Kiyosaki calls “The Business of the 21st Century (click for blog post) where I was taught how to earn residual income and all of these new rules.

Summary Of “The Job”:

1. An employee pays the most taxes. Small Business (Self-Employed) pays even more taxes.  The Entrepreneurs, Business Owners, and Investors pays the least amount of taxes.  (E = Employee has a job; S = Self Employed Small Business or Specialist like a doctor or lawyer, these people own a job; B = Big Business -500 employees or more, and they have other people working for them; I = Investors who has money work for them)

* Robert Kiyosaki’s Poor Dad told him to go to school and get a job. He wanted him to become a specialist like a doctor or a lawyer.  His Rich Dad told him if you want to be rich, you have to be a Business Owner or an Investor. The people who go to school become an E or an S.  Doctors and Lawyers pay the highest taxes possible and they have the fewest options of reducing their taxes.

2. The tax laws are geared to the Big Business owners and Entrepreneurs who are creating jobs.  Tax laws favors B’s & I’s.  We are rewarded to do what the government wants us to do.

3. The myth is to get a safe, secure job.  Today, there are no safe jobs and they are now the most insecure thing to do today.  Jobs are competing with huge countries like India and China. As Entrepreneurs, our job is to create jobs.  The government doesn’t create jobs, we do!  A JOB (Just Over Broke) is the highest risk profession you can have because you have one client, your employer, who can fire you.  As an entrepreneur, you have as many clients as you want and if you lose a client, you can get more clients.

4. Another point Robert Kiyosaki makes is that E’s & S’s get punished for their mistakes where B’s & I’s get richer from their mistakes because they learn from their mistakes.

Here’s Robert Kiyosaki’s video on Get A Job:

Did the facts in the video shock you?  I was shocked when I started to learn all of the advantages of becoming an entrepreneur and then I made it a part of my mission.  I believe everyone who wants freedom should be educated and know that they can have it if they will learn the “enlightened mindset” about money. Financial Security is much more important than Job Security.

We hope this assisted you today.  May we ask you to click the “f share” button at the top of the article to share on Facebook or “retweet” this on Twitter?  We would love to know how you felt about the article and exchange ideas with you, so kindly leave us a comment below.

Also, if you’d like to “Ask Kellie” any questions, just click on the red “Ask Kellie” link.  We would love to assist you with your inquiries.

Sending you a lot of “Aloha” (love) & “Mahalo” (thank you) for being a part of our “Ohana” (family)!


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49 Comments For This Post

  1. Denise Says:

    I’ll always remember that saying, J.O.B = Just Over Broke; I must remember to pass that one on to my children…

    This is why it’s so important for me to show them (rather than just tell them) what can be acheived and to let them know that there are other options available to them.

    Mahalo 🙂
    DeniseÃ�´s last blog post ..Does The ‘Comfort Zone’ Really ExistMy Profile

  2. Kellie Says:

    Aloha Denise,
    I am so happy you are passing on great values to your children. They are very fortunate. Thank you for your comments. Aloha 🙂

  3. Kim Jensen Says:

    CLAP CLAP CLAP!! Very GOOD! These understandings are paramount to our success! I have a ways to go ..but being an entrepreneur is the only way for me. I love the firing range w/ the cows…ha!…and the dude in the wee motor bike (perks) to his desk…funny!

    Thanks for this very important article.
    Your friend, Kim
    Kim JensenÃ�´s last blog post ..Chris Farrell – My FAV Peeps!My Profile

  4. Kellie Says:

    Aloha Kim,
    Congratulations on your success and your choice to be an entrepreneur! I am glad you enjoyed Robert Kiyosaki’s “shooting the sacred cows”! He’s the best! Check out his entire website cause he has tons of free information. Aloha 🙂

  5. Wendy MacKay Says:

    Kellie, as always your writing is done so well! It is great to hear over and over again that the money beliefs we were raised with no longer serve us. Time freedom = Money freedom when we live with our passions and stay aligned with our inner beliefs.
    Wendy MacKay�´s last blog post ..Branding for BusinessMy Profile

  6. Kellie Hosaka Says:

    Aloha Wendy,
    Thank you so much for your kind words. It’s so nice to see you on our blog again! Yes, we all must be reminded over & over because these new rules are not the established rules yet. It’s changing though…Aloha 🙂

  7. Shannon Tecson Says:

    Hi Kellie:
    Thank you for sharing this post and for summarizing it into a nutshell.
    Shannon Tecson�´s last blog post ..YOU Can Be a Generational BlessingMy Profile

  8. Kellie Hosaka Says:

    You’re very welcome Shannon! Nice to see you here on our blog! 🙂

  9. Michaelé Harrington Says:


    You have such a talent for opening peoples minds to a new and enlightened way of thinking!

    Robert Kiyosaki’s books have had an incredible impact on the way I was bought up to think about money.

    The traditional model of what was once known as the guaranteed road to success, has never really ‘gelled’ for me.
    “Go to school, get good grades and then dedicate your life to a secure company”. (If that even exists anymore!)
    This mantra often came from parents who meant well but didn’t take into consideration that your passion and values would be sacrificed in return for the illusion of security.
    Added to this mix was that somehow by dedicating your life to something you weren’t passionate about, would result in a happy marriage and therefore a happy life…
    Fast forward to 2010 and these obsolete rules are now thankfully gathering dust.
    Powerful business models such as Network Marketing, that our parents never dreamed of are transforming existing dogma, and in the process changing the game for those that are ready to take on the ‘new rules’.
    Michaelé HarringtonÃ�´s last blog post ..2 Simple Tools To Skyrocket Your Credibility Within MinutesMy Profile

  10. Kellie Hosaka Says:

    Aloha Michaele,
    So wonderful to see you on our blog! Thank you so much for your kind comments. It means a lot coming from you! And yes, Robert Kiyosaki has done so much to enlighten the world about the “new rules”. It’s so wonderful to see it all coming into mainstream! Congratulations on all of your success! Thank you for all you do! Aloha 🙂

  11. Lisa Arnold Says:

    Thanks for the great blog post Kellie! After seeing so many of my peers try the “go to school, get a job” plan, I feel so fortunate to be part of the Home Based Business Industry with you!
    Lisa Arnold�´s last blog post ..Sippy Cups- Conference Calls- Diaper Changes OH MY!My Profile

  12. Kellie Hosaka Says:

    Aloha Lisa,
    I am so glad you enjoyed our post! Yes, I too feel so blessed to have found the Home based network marketing industry back in 1995! Thank you for your comments. 🙂

  13. arlan murata Says:

    Hey Kellie: What a wealth of knowledge. You really have been studying all the stuff Robert K talks about and more with all those fabulous guys. Now you are the fountain of knowledge we can all go to. Atta girl!

  14. Kellie Hosaka Says:

    Aloha Arlan,
    Thank you for your kind words! I take that as a very high compliment coming from you! I know you know all of Robert Kiyosaki’s philosophies too! He is such a blessing to the world! Much aloha 🙂

  15. Kaye Flack Says:

    WOW what a great post, this is so true about the sacred cows !!! Sometimes we dont realize how we have been so programmed to live in “JOB” Its takes action and planning and an emotional shift with an “enlightened mindset”to achieve financial security. Really appreciate your post..so much value
    Thanks Kaye
    Kaye Flack�´s last blog post ..Using What Works Best !!My Profile

  16. Kellie Hosaka Says:

    Aloha Kaye,
    Thank you so much for your kind comments. Yes, it does take quite a bit of emotional shift to change. That’s really the challenge. I am so happy you got a lot out of it Kaye. Aloha 🙂

  17. Val Wilcox Says:

    Robert Kiyosaki has such great insights about business, jobs, investing – well anything financially based. Loved this video. Our school systems do NOT teach financial awareness in any shape or form.

    I am going through the struggle of keeping my integrity and a job at the same time. More & more reason to build my own financial freedom!
    Val 🙂
    Val Wilcox�´s last blog post ..Your Level of PersistenceMy Profile

  18. Kellie Hosaka Says:

    Aloha Val,
    You are a great example of someone who will “shift” from survival mode. Thank you for your comments and your continuous giving to all. 🙂

  19. Jacqueline Gates Says:

    Kyosaki Rocks! And your presentation of his somewhat contentious viewpoints will hopefully get some people thinking .. and questioning … long-held misconceptions about wealth, money and the way the world works.
    Jacqueline Gates�´s last blog post ..Passionately Goddess-yMy Profile

  20. Kellie Hosaka Says:

    Aloha Goddess Jacqui!
    Thank you for you kind comments! Yes, I know you love Robert Kiyosaki! He tells it like it is! Much aloha 🙂

  21. lani iokua Says:

    Incredible post! Thank you for summing it up for all of us! I am so grateful to be introduced to the homebased business and be able to share it with my own children!
    Mahalo Nui Loa

  22. Kellie Hosaka Says:

    Aloha Lani,
    Thank you for your comments! Yes, please help us pass it on the the children. Much aloha 🙂

  23. Karla Setchel Says:

    I always enjoy reading your posts Kellie,

    They are always so informative and helpful 🙂

    Karla Setchel
    Karla Setchel�´s last blog post ..Another Piece of the Recovery PuzzleMy Profile

  24. Kellie Hosaka Says:

    Aloha Karla,
    Glad you enjoyed our posts! Thank you for your comments. Aloha 🙂

  25. Debra Agoo Says:

    Thanks, Kellie! This is a must-read for skeptics who are so entrenched in the sacred cows that even I once clung to until I learned the new rules. Such a shame that the establishment continues to perpetuate the sacred cows in the school system and teach our kids that the JOB is THE way to go. Thankfully, I have been teaching my kids that they have a choice and they have to keep up with what is really happening lest they be left behind. I know for sure they won’t be part of the No Child Left Behind push as they will be leading from the front, not the back! Thanks to you and Kiyosaki for continuing to educate us so we won’t be left behind!

  26. Kellie Hosaka Says:

    Aloha Debra,
    Nice to see you here on our blog! Thank you for your comments and I am so happy parents like you will teach their children about money and truly contributing to their country. Aloha 🙂

  27. Leslie Denning Says:

    Kellie, I love this! My husband and I embraced a very simplified lifestyle many years ago because we didn’t want to be in the rat race. Do we have money? Not much, but we don’t need much because everything is paid for. I’m sure that most people would be shocked at what we live on, but we still take a cruise every December. It’s more a matter of choosing the life you want, rather than living up to all the ‘gotta do’s’ that people throw at you.
    Leslie Denning�´s last blog post ..You Can Sing! Lesson 3My Profile

  28. Kellie Hosaka Says:

    Aloha Leslie,
    So wonderful to see you here on our blog. I am so happy you are so happy Leslie. It is true, you know what your heart wants and you are truly following your heart with your music today. Congratulations! 🙂

  29. Anna Johnston Says:

    This is an AWESOME post Kellie! Robert K travels with me always! But, I must admit, I have slipped a bit of late, Get a *JOB*, pay your bills…. ARGH! The reminder was MUCHLY appreciated! Thank Kellie!
    Anna Johnston�´s last blog post ..MEET THE INTOLERANT CHEFMy Profile

  30. Kellie Hosaka Says:

    Aloha Anna,
    Thank you for your kind comments. I am so happy you already have been educated by Robert Kiyosaki’s books. It’s okay, we’ve all been there until you’ve had enough. I am glad you were reminded today. Aloha 🙂

  31. Chuck Bluestein Says:

    Robert Kiyosaki has been teaching this for many years. But now many people can see the wisdom of it with so many people losing their jobs and so many people being unable to find a job. Somewhere I heard that with a job, a boss buys your work at wholesale and then re-sells it for wholesale.

    I read an article on the vanishing middle class. It said that in 1975 the top people in a corporation made 30 times what the lowest people in the company made. It said that now they make 300 times more than the lowest people.
    Chuck Bluestein�´s last blog post ..Latest News- Breast Cancer Cured! Treatment &amp PreventionMy Profile

  32. Ruby Kahlon Says:

    I like the way you said “A boss buys your work at wholesale and then re-sells it for wholesale”. I agree with you but thats how business world works. Great post!

  33. Kellie Hosaka Says:

    Aloha Ruby,
    Yes, that’s what Robert Kiyosaki’s point was if you choose to stay an employee. I did that for 14 years and I was happy Until…then I choose to become an entrepreneur and not re-sell to anyone for wholesale. Robert’s point is that everyone should know the facts and then make their own choices. The challenge is that all of our American school does not teach this, so we think we only have one choice! Thank you for your comments! Aloha 🙂

  34. Kellie Hosaka Says:

    Aloha Chuck,
    You are correct in your statistics and it is very sad. That is the reason Robert Kiyosaki is so persistent about financial education being taught. Unfortunately our schools in America are still not teaching it and students think they can only be a E or an S! The other challenge is that E’s don’t create more jobs for other people, it’s the big B’s who do. I love how Robert continues to do his best to Educate all of us. Thank you for your comments. 🙂

  35. Jackie Ulmer Says:

    I love Kiyosaki and how he shifted my brain on my own thoughts around money, a job, security, etc. And, he also dramatically changes my thoughts around “fear of risk” and having faith in my own ability to try, fail, try again and succeed!

    Thanks Kellie!

    Jackie Ulmer
    Jackie Ulmer�´s last blog post ..Developing an Appreciation Marketing StrategyMy Profile

  36. Kellie Hosaka Says:

    Aloha Jackie,
    So wonderful to see your smiling face on our blog! Thank you so much for your comments. Yes, he has certainly made an huge impact on the entrepreneurial world. Much love & gratitude 🙂

  37. Ken Pickard Says:


    Great post. I love to see people talk the talk about money. So many people (including myself) were brought up with the wrong notions about money. There’s a lot more “leverage” money can do for you if you open to eyes to it.

    Thanks for sharing a great video.

    Ken Pickard
    The Network Dad
    Ken Pickard�´s last blog post ..Are You Asking The Right QuestionsMy Profile

  38. Kellie Hosaka Says:

    Aloha Ken,
    Yes, so many of us, myself included, were and are still being brought up without financial education. This is one of Robert’s pet peeves. Thank you for your comments! Aloha 🙂

  39. Enomfon Says:

    Well said Ken & Kellie,
    We need to ensure we do not slip into back into the mentality of 95% of the populataion that are either going to be working or be broke at 65.
    Good stuff! Aloha!
    Enomfon�´s last blog post ..Failure Is Not Final Even On The InternetMy Profile

  40. Kellie Says:

    Aloha Enomfon,
    Nice to meet you here on our blog! The statistics are exactly as you say, so if we all do our part to change that person by person…:)
    Thank you for your comments. Aloha 🙂

  41. Cheryl Tateishi Says:

    Awesome post Kellie! I liked how you summarized about having a job and the video of Robert Kiyosaki said it all.

  42. Kellie Says:

    Aloha Cheryl,
    Thank you for your comments! I really appreciate you! 🙂

  43. Walter Says:

    I am intrigued by what I’ve read here. Most of my life I carry the myths you have shared here. Perhaps I need to find the truth about this and evolve accordingly. 🙂

  44. Kellie Says:

    Aloha Walter,
    So happy to meet you here on our blog! I am glad you are discovering the truths about money and the way it really works! Let us know if we can assist you. I have done many other posts under “Financial Education” category which may assist you. I hope you will check them out. Aloha 🙂

  45. Tinei Says:

    Aloha Kellie 🙂
    Love this post. Generally just shot away everything I learned from the place i recently graduated from lol. Well I learned all of this a few years ago from the first Rich dad poor dad book. And the way you some it all up is so simple and a good way to refresh my memory. Keep up the good work!
    <3 Nei

  46. Kellie Hosaka Says:

    Aloha Tinei,
    Great to see you here on our blog! I am glad you are learning. You will help so many people. Aloha 🙂
    Kellie Hosaka�´s last blog post ..Why Teamwork Makes The Dream WorkMy Profile

  47. Lani Kee - SMMT Says:

    Aloha Kellie, Rich dad poor dad is a great book to read. In fact, my son when he gets out of place my stern correction with him is to read this book. After he reads it he has questions and I am glad he does that is how I know he is paying attention. Great tips here and we need to change our actions and frame of mind. The job environment should be temporary place to get the dream job, I suppose. I enjoyed the video clip and all the true tips they emphasize. Mahalo for sharing! Lani 🙂
    Lani Kee – SMMTÃ�´s last blog post ..Social Media Sites A Virtual Billboard For AdvertisingMy Profile

  48. Kellie Hosaka Says:

    Aloha Lani,
    That is so cool Lani! Rich Dad, Poor Dad changed my life too! His perspective made so much sense to me, however, wasn’t being taught in school! You are so smart to have your son read the book. John Maxwell said his father used to have them read a book, write a report and then they got rewarded for that. I started doing that with my son over 10 years ago, and he studied personal growth and Robert’s books or DVDs daily. My son is now 23 and it’s become a habit, he just does it, cause he likes it! Cool huh? It’s so much fun discussing all kinds of “different” things with my own son! It’s so cool cause there aren’t many people I can have a “heavy” discussion with on these topics, so I love that I can do that with my son!

    Glad you enjoyed it Lani! Check out Robert’s entire sacred cows site, he has a lot on it! Mahalo 🙂
    Kellie Hosaka�´s last blog post ..Find Your Inner Purpose In Life And Discover Your Real CareerMy Profile

  49. Nick Says:

    I like Robert Kiyosaki’s first book the best. It’s called, “If You Want to be Rich and Happy, Don’t Go to School.”

    It never became as popular as the “Rich Dad” series, but in my opinion, this was his best writing. It really goes into depth about how the current educational system is broken and doesn’t prepare our children (or us) properly.

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