In my last email, I told you I would explain Warren Buffett’s biggest mistake.

It’s the one that will cost his family their empire.

Here it is.

He’s giving it all away.

He spent a lifetime building one of the greatest financial fortresses in history. Berkshire Hathaway.

And now, at the end of his life, he is ordering his children to dismantle it. To give the money to charity.

My Poor Dad would have called this noble. A great act of generosity.

My Rich Dad would have called it what it is.

A tragedy.

A failure of the mission.

You do not build an empire to tear it down. You build it to last for generations.

Buffett himself admits that government and private philanthropy are often inept. He calls them “ill-conceived wealth transfers by political hacks.”

And yet, that is exactly where he is sending his $150 billion fortune.

He is taking the greatest wealth-creation machine in modern history and feeding it into the two most inefficient wealth-destruction machines on the planet: government and organized charity.

This is the ultimate lesson my Rich Dad taught me.

The rich don’t give their money away. They give their assets away. To their children.

They don’t just pass down the wealth. They pass down the knowledge. The playbook.

They teach their children how to be stewards of the assets. How to make the empire grow. How to continue producing wealth, jobs, and value long after they are gone.

Giving away cash is easy. It makes you feel good. It gets you applause.

Building a dynasty is hard. It takes discipline. It takes education.

This is the final, most important rule in the private playbook.

Your goal is not to die with zero. Your goal is to build something that will outlive you by a thousand years.

That is the difference between being rich and being wealthy.

Warren Buffett is a rich man. A very rich man.

But he will not leave a wealthy family.

Don’t make his mistake.

Robert Kiyosaki
Editor, Private Playbook