Have you ever heard of Robert Kiyosaki, whose book Rich Dad and Poor Dad has been translated into more than 51 languages? This man, who has more than 21 books, is an American businessman. Frankly, it wouldn’t be right to call him just a businessman. He is an entrepreneur, author, veteran, motivational speaker, and financially literate. According to Robert Kiyosaki, smart people in school life are those who do not make mistakes, while in real life smart people are those who make mistakes and learn from their mistakes. Robert Kiyosaki states in his book called “Rich Dad, Poor Dad” that people should be as fast as possible. The reason for this is to achieve financial freedom and be more successful in life. Robert Kiyosaki’s net worth was indicated as $100 million dollars in some sources. In this article, we will explain to you our valued readers, about the life of Robert Kiyosaki and his journey in the business world.
Educational Life of Robert Kiyosaki
Robert Toru Kiyosaki was born in Hawaii on April 8, 1947. Kiyosaki had two older sisters and one brother. Kiyosaki’s father was an academician and his mother was a staff nurse. After graduating from Hilo High School in 1965, Kiyosaki joined the American Maritime Academy. Robert Kiyosaki served as a helicopter warship pilot during the Vietnam War and then was deemed worthy of the Air Medal. While serving in the military, he enrolled in an MBA program at the University of Hawaii at Hilo. He was honorably discharged from his Marine Corps duty in 1974, just one year after enrolling at the University of Hawaii in 1973.
First Step into the Business World
Robert Kiyosaki attended Erhard EST seminars in 1974, which he said changed his life. After leaving the American Army in 1975, Robert Kiyosaki worked as a sales consultant at Xeroc. In 1978, Rippers founded a company that produced velcro-fastened surfer wallets. Kiyosaki’s products were featured in business magazines such as Runner’s World, Gentleman’s Quarterly, Newsweek, Success Magazine, and Playboy, but the life of the company was short-lived and the company went bankrupt. Then, in the 1980s, he established a business related to licensed products of Metal Rock bands and sold this business in 1985.
If You Want to Be Rich and Happy, Don’t Go to School!
Robert Kiyosaki published his first book in 1992. The name of his book was “If You Want to Be Rich and Happy, Don’t Go to School”. The message given to parents in this book was to advise them not to send their children to universities and to enter the real estate market. Exactly 5 years after the publication of this book, Kiyosaki established a company about business & financial education, named Cashflow Technologies Inc. Today, this company manages the Rich Dad and Cashflow brands. In an interview he gave to the American CBC channel, Kiyosaki explained that his books were the advertising face of his exorbitantly priced seminars.
The message that Kiyosaki wants to convey to the readers in his books is actually clear. Kiyosaki finds it absurd that people live from paycheck to paycheck. He argues that living style exploits their souls, bodies, and minds. Saying that people should get financial education and get rid of their salaries, Kiyosaki stated that passive income can be obtained through investment opportunities such as real estate investments, stocks, and commodities. In his book “Rich Dad and Poor Dad”, Robert Kiyosaki states that a freer life can be lived by increasing the income level, not by minimizing liabilities.
Private life
Robert Kiyosaki has been living in Phoenix, Arizona, USA, since 1994 with his wife Kim Kiyosaki, whom he married in 1985. Kiyosaki announced that he supported Donald Trump in the 2016 Presidential election. Additionally, Donald Trump and Robert Kiyosaki wrote a book together called “Why We Want You To Be Rich?” which was sold over 32 million copies the book remained New York Times’ Best Sellers list for over six years.
Rich Dad, Poor Dad
This book, written by Robert Kiyosaki with Sharon Lecter in 1997, has sold more than 40 million copies in total and has been translated into more than 51 languages. In this book, Robert Kiyosaki compares his own father with the father of his close friend Mike. Kiyosaki says that his friend’s father is his second father. Stating that life is not just about school, Kiyosaki states that financial intelligence is extremely important for every person.
Robert Kiyosaki’s Net Worth
Robert Kiyosaki said in an interview that he is a billionaire but in “debt”. So he stated that he owes more than 1 billion dollars to the banks but he doesn’t find it uncomfortable. Kiyosaki claims that the 15.000 houses he owns pay his expenses and also his debt. His interesting statements were “I am buying gold and silver instead of dollars, I don’t trust freaking dollars.” In case of a bankruptcy of banks or a collapse of the economy, he said he owns also bitcoins for any kind of danger. There is no single evidence or proof about Robert Kiyosaki’s net worth, some sources reports that his wealth is 100 million, however as we mentioned he already said he has over $1 billion debt.
Some Quotes from Robert Kiyosaki
- You are the only person who can provide you with the safe life you want.
- Instead of using your mind to make excuses, use it as a leverage that will make you rich.
- Your future is designed by what you do today, not by what you will do tomorrow.
- In every situation that we see as a problem, there is a very good opportunity.
- The difference between rich and poor is in how they use their time.
Thank you for reading!
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