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

Real Money Video Wrap: Volatility Reigns

Real Money Video Wrap: Volatility Reigns

Market Madness: This Market Is for Stock Pickers

Market Madness: This Market Is for Stock Pickers

Everything Millennials Need to Know About Retirement - Ask Bob

Everything Millennials Need to Know About Retirement - Ask Bob

Striking Options: Tremendous Volatility, Energy, and Equities

Striking Options: Tremendous Volatility, Energy, and Equities

How Technology Shaped Sundar Pichai: Google Testimony Highlights

How Technology Shaped Sundar Pichai: Google Testimony Highlights