Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

#

Robert Kiyosaki – The Rich Don’t Work for Money

Robert Kiyosaki reflects on how as a child he was sent to a public school comprised of mostly upper-class youth. He was jealous of the material goods his classmates possessed, such as new baseball gloves and bicycles. He decides he wants to start his own business and asks his best friend, Mike, to be his partner. They concoct a scheme to make money out of their neighbors’ lead toothpaste tubes by melting them down and using a nickel as a template. Kiyosaki’s poor father catches them making counterfeit nickels. He applauds their ingenuity, but informs them that their operation is actually illegal and won’t work. His father suggests that they talk to Mike’s dad if they truly want to learn how to be rich. Mike’s father had a reputation in town for his business acumen and talent with earning money. The two agree to meet with Mike’s father the following weekend. Their education with Mike’s father (aka “Rich Dad”) begins. He offers to help them learn to be rich if they agree to work at one of his superettes for 10 cents an hour, three hours every Saturday. Kiyosaki works for four shifts and finds the work boring and the pay disappointingly low. He decides he wants to quit. He confronts Mike’s dad and informs him that he has not held up his end of the deal – he hasn’t taught him anything. He blames Mike’s dad for paying him poorly and treating him unfairly. Mike’s dad explains to him that he has just taught him a lesson, a lesson that mirrors real life. He goes on to say that you can’t blame your employer for your economic troubles and that ultimately you are responsible for your own well-being. He summarizes his first lesson: ”The poor and the middle class work for money. The rich have money work for them.” Mike’s dad informs Kiyosaki that if he wants to keep learning from him, he will return the next week and continue to work at the superette – for no pay. Kiyosaki is angry and bewildered, but returns the next week nonetheless. After several more weeks of working for no pay, Mike’s dad shows up at the end of one of their shifts. He offers to pay them 25 cents an hour, but Kiyosaki can tell that he is testing them. He then offers to pay them up to $ 5 an hour and although Kiyosaki is tempted, he resists. Pleased, Mike’s dad agrees to teach them more about money. He advises them to lose their fear of not having money and their greed for large amounts of money. He explains...

Read More

Donald Trump & Robert Kiyosaki, “Why We Want You To Be Rich”

Robert Kiyosaki and Donald Trump outline the importance of increasing your financial education in today’s modern economy. These men both endorse Network Marketing / Direct Selling as the business of the 21st...

Read More

Rich Dad Poor Dad Robert Kiyosaki Endorses Multi Level Marketing

Robert Kiyosaki often refers to The CASHFLOW Quadrant, a conceptual tool which he developed to categorize the four major ways income is earned. Depicted in a diagram, this concept entails four groupings, split with two crossed lines (one vertical and one horizontal). In each of the four groups there is a letter representing a way in which an individual may earn income. The letters are as follows. E: Employee — Working for someone else. S: Self-employed or Small business owner — Where a person owns his own job and is his own boss. B: Business owner — A person who owns a business to make money; typically where the owner’s physical presence is not required. I: Investor — Investing money in order to receive a larger income in the future. For those on the left side of the divide (E and S), Robert Kiyosaki says that they may never obtain true wealth. Conversely, those on the right side of the divide (B and I) are supposedly following the only road to true wealth. Robert Kiyosaki also classifies the four main “asset” classes as means of gaining wealth.:[29] Businesses: Businesses that generate monthly cash flow that don’t require the owners physical presence. Real Estate: Real estate such as owning warehouses, small family homes, or apartment houses that generate monthly cash flow. Paper Assets: Investments such as stocks, bonds, hedge funds etc. Commodities: Gold, silver, iron ore, or copper that are used to hedge government’s mismanagement printing of the nations...

Read More

Robert Kiyosaki – Rich Dad Poor Dad, Cashflow Quadrant, Financial IQ, and The New Rules of Money

Free E-book about Internet Product Launches—–( Robert Kiyosaki – Rich Dad Poor Dad,) – What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Robert Kiyosaki Rich Dad Poor Dad A large part of Kiyosaki’s teachings focus on what he calls “financial education” generating passive income by means of investment opportunities, such as real estate investments and businesses, with the ultimate goal of being able to support oneself by such investments alone and thus achieving true financial independence WITHOUT working for a paycheck. In tandem with this, Kiyosaki defines the term “assets” as things that generate cash inflow, such as stock dividends, rental properties, or businesses, and the term “liabilities” as things that use cash, such as houses, cars, and so on. Kiyosaki continuously argues that financial leverage is critically important in becoming rich, despite the inherent financial risks, repercussions, and pitfalls that come with it. Originally self-published before being picked up commercially to become a best seller, the central concept of the book is an anecdotal comparison of his “two fathers.” His “poor dad” was his biological father, who was highly educated and became Superintendent of the Hawaii State Department of Education but was poor. Contrasted with this is his (arguably fictitious, see “Criticism and controversy” section of this article) “rich dad,” his best friend’s father who became “the richest man in … Video Rating: 4 /...

Read More

“Rich Dad” Robert Kiyosaki on Gold, Silver and his Apartment Complexes

“Rich Dad, Poor Dad” author Robert Kiyosaki joins host Jay Carter this week on the Financial Survival Podcast. His newest book that was released recently is Unfair Advantage: The Power of Financial Education. Robert Kiyosaki discusses the real “Rich Dad’s Conspiracy of the Rich: The 8 New Rules of Money” that is continuing to impoverish the middle class while at the same time making financially educated investors even richer. He also explains: – Why Robert Kiyosaki is holding off on buying any more gold – Where silver is headed – Why stocks are bound to collapse at any moment – Why saving cash right now is a really, really terrible idea – How the American government is turning into a fascist state – Why Robert Kiyosaki couldn’t care less what his credit score is – The ideal montly rent dollar amount he likes best when looking for the best apartment complexes to...

Read More

Robert Kiyosaki interview about Midas Touch, Rich Dad Poor Dad

Robert Kiyosaki talks about his new book which is co-authored by Donald Trump. They are both extremely concerned with the level of poverty in the USA and have come up with some suggestions to help the country...

Read More

Inner Views: Keith Cunningham “Rich Dad” from Rich Dad Poor Dad

Most of us are familiar with the bestselling book by Robert Kiyosaki, “Rich Dad Poor Dad.” But most of us don’t know that Keith Cunningham is Rich Dad. Keith’s own riches to rags to riches story is incredible He had amassed 0 million in real estate, only to lose all of it (ALL of it) during a real estate crash, declaring bankruptcy in 1991. Keith has since re-amassed millions by buying and growing businesses and teaching business...

Read More

Increase Your Financial IQ – Kim Kiyosaki – Interview with a Rich Woman

She is a successful real estate investor, an entrepreneur, as well as a best-selling author, and she is on a mission to help women reach their goal of financial freedom. In this week’s special guest interview segment, we are joined by Kim Kiyosaki. Kim and her husband, Robert Kiyosaki, are ardent proponents of financial education. Kim and Jerry will discuss her best-selling book, Rich Woman. Finding the Rich Woman in You – Clips from the two hour PBS Special with Rich Dad co-founder, Kim Kiyosaki and retirement investment advisor, Kim Snider, providing viewers with the opportunity to get independent financial advice. Aired on PBS stations nationwide. A television event about cash flow investing, financial security and how to make your money work hard for you rather than you working hard for your money. Full program featured a guest appearance by Kim’s husband, Robert Kiyosaki. Total run time of clip is 6 Topics covered: Is there a right way to invest? (0:00) Everyone is looking for *the* right way to invest. Kim Snider and Rich Woman author, Kim Kiyosaki, discuss the idea that there is no one right way to invest, whether for retirement investment income or otherwise. There is the right way for you. Kim Kiyosaki and Kim Snider are both cash flow investors but Kiyosaki does it with real estate investing whereas Snider does it by harnessing the power of option premiums from the sale of options on common stock. Both are successful using their own variation of the same cash flow philosophy. The key is to find something that makes sense to you, then find someone who is achieving the results you want and learn from them. Why don’t we teach basic principles of financial literacy to our kids? (1:07) Kim Snider and Kim Kiyosaki discuss basic financial education and the impact it would have if we taught basic financial principles like compounding … Video Rating: 4 /...

Read More

Rich Dad Poor Dad by Robert Kiyosaki – Listen to the Complete book

Rich Dad, Poor Dad chronicles the story of Robert Kiyosaki’s two dads, his own father, who was the superintendent of education in Hawaii and who ended up dying penniless and his best friends father who dropped out of school at age 13 and went on to become one of the wealthiest men in Hawaii. Robert Kiyosaki uses the story of these two men and their varying financial strategies to illustrate the need for a new financial paradigm in order to achieve financial success in the new...

Read More

Financial Freedom Video – Rich Woman – Kim Kiyosaki describes the “I Must Quadrant”

Financial Freedom for Women Video from Kim Kiyosaki Kim talks about the different people and personalities you need to be aware of in today’s world. This quadrant will help bring awareness, and possibly, provide a strategy when talking to the different people who fall within this...

Read More
Page 1 of 3123