The rich are better educated about money and that's why they keep getting richer, according to financial author Robert Kiyosaki, author of Why the Rich Are Getting Richer.

He also said the 1% tend to rely on debt to boost their wealth and acquire more assets. Kiyosaki is also the author of the eponymous financial book Rich Dad, Poor Dad.

More from TheStreet:

More from Video

Should You Only Buy Closed-End Funds Trading at a Discount?

Should You Only Buy Closed-End Funds Trading at a Discount?

How to Get a Powerful Income Portfolio Boost With Closed-End Funds

How to Get a Powerful Income Portfolio Boost With Closed-End Funds

Everything You Need to Know About Closed-End Funds to Boost Your Portfolio

Everything You Need to Know About Closed-End Funds to Boost Your Portfolio

We Need More Women in The Middle Before They Can Rise to the Top

We Need More Women in The Middle Before They Can Rise to the Top

Market Movers: FOMC Meeting

Market Movers: FOMC Meeting