When you read Rich Dad Poor Dad you get the idea that you can be wealthy and have an amazing life if you follow the advice given by the author Robert Kiyosaki. But is this really true?
Robert Kiyosaki’s life story
Robert Kiyosaki is an entrepreneur, investor, self help author and motivational speaker. He has written the popular Rich Dad Poor Dad book. His life story is an inspiration for many people.
Born in Hawaii in 1947, Robert Toru Kiyosaki grew up with three siblings. His parents were teachers. He went to Hilo High School and the United States Merchant Marine Academy. After graduating, he served in the Marine Corps as a helicopter gunship pilot during the Vietnam War.
After serving in the military, Robert Kiyosaki worked as a sales associate for Xerox. He later enrolled in an MBA program at the University of Hawaii at Hilo.
When he returned home, he began to work on a project that would define his career. In 1977, he founded his first business. The company sold Velcro wallets. It subsequently failed, but he was able to bounce back with a second business.
Later, he started a velcro surfer wallet company. This company went bankrupt in 1985.
Robert Kiyosaki’s book
Rich Dad Poor Dad, written by Robert Kiyosaki, is one of the best personal finance books ever written. It is also a best seller. This book is a bestseller in over thirty countries and has been translated into numerous languages. Basically, it tells the tale of two fathers, their differing ways of making money, and the similarities and differences between them.
The author compares the two fathers’ approaches to gaining financial wisdom, based on their unique backgrounds. One had a Ph.D. while the other didn’t finish eighth grade.
Rich Dad Poor Dad is a must read for anyone interested in learning how to be rich. However, it is not without its critics. Some of these criticized the book for not having enough real life examples. Others demanded it be relegated to the fiction section.
In the book, Robert Kiyosaki presents six lessons from the Rich Dad. He claims that the Rich Dad is a character, a composite of his own influences. His father and his childhood friend’s dad have both played significant roles in Kiyosaki’s journey to success.
Robert Kiyosaki’s advice
Robert Kiyosaki has written numerous books, including the bestselling Rich Dad Poor Dad. He has a net worth of about $100 million. His book has been translated into more than 60 languages, and has helped millions of people change their thinking about money.
In his book, Kiyosaki discusses the difference between a have-not and a rich person. This book also discusses the importance of having a proper mindset when it comes to climbing the wealth ladder.
One of the first things that Kiyosaki stresses is the importance of building cash-flowing assets. By having a passive investment income, a person can support themselves without working.
Another thing that Robert Kiyosaki focuses on is the importance of financial education. The author argues that school doesn’t teach a person how to manage money, and that many people stay in jobs for fear of failure. Rather than worrying about money, a rich person is willing to embrace risk.
Kiyosaki also emphasizes the importance of investing in a good portfolio. The author believes that by giving yourself control over your finances, you will be able to see more potential.
Robert Kiyosaki’s biggest successes
Robert Kiyosaki is an American entrepreneur and author of Rich Dad Poor Dad, a book that teaches financial literacy. He is also a speaker and operates several companies that provide personal financial coaching and education.
Before starting his business, Kiyosaki worked for Xerox. He started out by selling Xerox machines, but eventually left to start his own business. His first business was a company that sold surfer-style nylon wallets and Velcro wallets.
During his time at Xerox, Kiyosaki was also involved with the military. While in the Marines, he learned important business skills that he would later use in his own business. In the Vietnam War, he was a helicopter gunship pilot.
Eventually, Kiyosaki became a successful public speaker and published many books. After he started his own firm, he realized that he could help people learn how to invest.
In 1997, Kiyosaki published his first book, Rich Dad, Poor Dad. The book has been a bestseller and has been featured on the Oprah Show.