Why Smart People Stay Poor, According to ‘Rich Dad’ Robert Kiyosaki’s Team

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Laura BeckSat, Aug 23, 2025, 2:18 PM 5 min readIn a recent Rich Dad blog post, financial guru Robert Kiyosaki’s team tackled a puzzling phenomenon he’s studied for decades. Smart people with advanced degrees often struggle financially while less educated entrepreneurs build substantial wealth.Find Out: Here’s Why You Always Want to Know Your Net Worth, According to a Financial ExpertRead Next: Clever Ways To Save Money That Actually Work in 2025The problem isn’t lack of intelligence. It’s psychology.“There’s a critical distinction between academic intelligence and financial intelligence,” the Rich Dad team explained in the blog post. Academic intelligence involves memorizing and analyzing information within established systems. Financial intelligence means understanding money’s psychological dynamics and taking calculated risks despite uncertainty.The statistics back up Kiyosaki’s team’s observations. According to the blog post, 67% of Americans live paycheck to paycheck, including many with advanced degrees. Medical doctors have one of the highest bankruptcy rates among professionals despite substantial incomes. Lawyers, engineers and MBA graduates often struggle with debt despite their academic achievements.Meanwhile, entrepreneurs who barely finished high school can sometimes build multimillion-dollar empires.The difference comes down to mindset. The educational system trains people to seek security, follow rules and avoid mistakes, according to the blog post. Students learn to find the “right” answer and fear failure. This creates excellent employees but often struggles to create wealth builders.Learn More: Here’s How to Fix Your Budgeting Problems, According to Kumika LoveHere’s a closer look at some traps many intelligent people face:Highly educated people often research investment opportunities to death. They create elaborate spreadsheets and study every possible variable before making decisions. This need for certainty paralyzes them because financial markets are inherently uncertain.The blog shared a typical example: a software engineer who spends months researching real estate markets and analyzing cap rates. By the time they feel “ready” to invest, property prices have increased, and the opportunity has passed. Less educated investors who understood the basic principle of buying income-generating assets made profitable purchases months earlier.Students get penalized for mistakes, creating perfectionists who struggle with trial-and-error learning. 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