Who is Robert Kiyosaki?
Robert Kiyosaki is an entrepreneur, educator, investor, and published author. rich dad poor dad, one of the best-selling personal finance books of all time. Mr. Kiyosaki is a frequent guest on global media and is the host of the podcast “Rich Dad Radio Show,” where he and guests discuss everything from the history of banking to the current state of the global economy.
A strong supporter of entrepreneurship, Kiyosaki has built a financial education empire that spans board games, courses, and coaching.In addition to rich dad poor dad, he has written more than 20 books, including two about Donald Trump before he became president. Kiyosaki's efforts are supported by his wife, Kim, whom he married in 1986.
Important points
- Robert Kiyosaki is an entrepreneur, educator, investor, and author of the following books: rich dad poor dad.
- Mr. Kiyosaki grew up in Hilo, Hawaii, attended Kings Point Merchant Marine School in New York, and then joined the Marine Corps.
- After his military service, Kiyosaki became the number one salesman at Xerox, which inspired him to consider a career in entrepreneurship.
- Currently, Mr. Kiyosaki regularly appears on media outlets such as Fox News and OAN, providing commentary on business and the economy.
Investopedia / Jules Garcia
Robert Kiyosaki's early life and career
Robert Kiyosaki was born on April 8, 1947 in Hilo, Hawaii. He is one of four children and is of Japanese descent.
Kiyosaki claimed that his views on entrepreneurship, money, and wealth were influenced by two people from an early age: his “rich” father and his “poor” father. Kiyosaki's biological father, the “poor” father mentioned in his best-selling book, was highly educated and employed by the government. However, according to Kiyosaki, he was unable to accumulate much wealth for his efforts.
Meanwhile, Kiyosaki's “rich” father taught him the power to create wealth by leveraging the resources he had. The knowledge he gleaned from watching his rich father accumulate wealth formed the basis of his subsequent entrepreneurial endeavors as a financial educator. (After Kimi's death in 2009, Kiyosaki revealed that his “rich” father was Richard Kimi, a Hawaiian real estate entrepreneur and the father of his best friend.)
As a young man, Kiyosaki attended college at Kings Point Merchant Marine Academy in New York. After he graduated, he joined the Marine Corps as a helicopter pilot. After completing his military service, Mr. Kiyosaki joined Xerox and achieved the position of number one in sales. Around this time, he founded his first company, Rippers, with the help of his older brother.
Kiyosaki met and studied with R. Buckminster Fuller, an American architect, systems theorist, author, designer, inventor, philosopher, and visionary. This had a huge impact on Mr. Kiyosaki's career trajectory and began his journey to becoming a financial educator and entrepreneur.
Robert Kiyosaki's career as a writer and entrepreneur
Mr. Kiyosaki's entrepreneurial career began in 1996 when he and his wife created and launched the CASHFLOW board game to teach people about money and investing in a fun and entertaining way. In 1997, Kiyosaki wrote: rich dad poor dadHe and his wife founded the Rich Dad Company. Today, this book and board game is more popular and relevant than ever.
Since then, the Kiyosakis have written numerous books on personal finance. They launched the “Rich Dad Radio Show” and expanded their business to include investing classes, coaching, speaking, and more. Some of Robert Kiyosaki's most notable works are listed below.
- rich dad poor dad
- manifesto of capitalism
- Improving Rich Dad's Financial IQ: Spending Money Smarter
- Rich Dad's Investment Guide: What the rich invest in, but the poor and middle class don't!
- rich dad poor dad for teens
- Rich Dad Who Stole My Money?: Why slow investors lose and fast investors win!
Of these works, rich dad poor dad ' is the book that shot Kiyosaki to fame more than 20 years ago. The book uses the examples of Kiyosaki's biological father and the “rich” father who mentored him to explore the myth that one needs to earn a high income to become rich.
Note
Kiyosaki's wife, Kim, is the CEO and co-founder of the Rich Dad Company and the author of two books on wealth building for women.
Other business
Mr. Kiyosaki's income primarily comes from book sales, financial education courses, and speaking engagements, but he and his wife also earn income from other businesses. In 1997, he founded his Rich Global LLC, a conglomerate specializing in manufacturing, financial education, and retail operations. That same year, he founded his Cashflow Technologies Inc., which operates under the Rich Dad brand. One of his favorite investments is gold and other precious metals. His net worth is estimated to be in the range of $100 million.
private life
Robert met his future wife Kim in 1984 and realized they had a common interest in entrepreneurship. The two married in his 1986 year and have since built the “Rich Dad” brand as a team. In addition to being an avid investor, Kim is a respected speaker and author in her own right. The couple remained childless by choice during their marriage.
Robert Kiyosaki's financial philosophy
Kiyosaki's philosophy regarding money is simple. You don't need a high income to become rich. Rather, he says the key to building wealth lies in two things:
- Build a portfolio of assets that generate passive income
- minimize debt
Mr. Kiyosaki emphasizes the accumulation of assets, not just spending to acquire “things.” We also advocate acquiring financial knowledge through real-life experiences, not just books and courses. Kiyosaki believes that it is possible to achieve financial independence by learning about money and how it works, generating passive income, and avoiding unnecessary debt.
Kiyosaki is also a big proponent of entrepreneurship and finding ways to earn money outside of your regular 9-to-5 job. This ties in with his emphasis on passive income generation through business activities that do not require regular hands-on involvement in investment or operation.
Robert Kiyosaki's influence on the personal finance industry
Robert Kiyosaki has had a far-reaching impact on the personal finance industry and is known as a leading authority on financial education. He is regularly asked to share his insights on topics such as investing and the global economy with major media outlets.
His books are often used as a kind of reference book when discussing finance. rich dad poor dad It is still a best-selling title. Notably, Mr. Kiyosaki was part of a wave of personal finance experts such as Suze Orman and David Buck that began to emerge in the industry in the mid-to-late 1990s.
Criticism and legal troubles
Kiyosaki has been the subject of criticism, particularly among financial experts, who say his advice is unrealistic and outdated, but given the passage of time, this is not an illogical argument. While some investment advice can stand the test of time, it's easy to argue that techniques and strategies that may have worked in the 1990s are no longer as effective today.
Separately, Kiyosaki has been heavily criticized for using his book as a gateway to encourage people to spend money on his more expensive webinars and coaching. In 2012, it was revealed that Kiyosaki had filed for Chapter 7 bankruptcy, and he faced backlash. The filing comes after a judge ordered Kiyosaki's company to pay about $24 million to settle a royalty dispute.
Does “Rich Dad Poor Dad” advice still matter?
The advice provided in rich dad poor dad It's still relevant in the sense that it's practical, doable, and covers some of the basic principles needed to build wealth. Despite being published more than 25 years ago, the book remains a bestseller, perhaps proof that Kiyosaki's advice is timeless.
What does Robert Kiyosaki do for a living?
Robert Kiyosaki is an entrepreneur, financial educator, radio host, investor, and author. He and his wife, Kim, earn money from their investment portfolio as well as books, courses, coaching, and speaking appearances.
What are the six lessons of “Rich Dad, Poor Dad”?
In six lessons, rich dad poor dad As follows:
- Lesson 1: Rich people don't work for money.
- Lesson 2: Why teach financial literacy?
- Lesson 3: Take care of yourself
- Lesson 4: The history of taxes and the power of corporations
- Lesson 5: Rich people invent money
- Lesson 6: Work to learn — don't work for the money.
In his book, Kiyosaki expands on each of these lessons to give readers the tools and knowledge they need to build wealth like the wealthy do, no matter where they start.
conclusion
Robert Kiyosaki is one of the most famous and influential figures in the financial advice industry. He has built his long and successful career around educating millions of ordinary people about the keys to building wealth and living like your “rich” dad. Although he has received some criticism, he remains the go-to person for business and investment advice in the world's media.
