Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

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Biography

Robert T Kiyosaki is a Hawaiian born author and motivational speaker. He studied in America, joined the Marine Corps and fought in the Vietnam war. Kiyosaki now lives in America and has risen to fame as a motivational author and speaker in the areas of personal finance, investing and business. His Rich Dad Poor Dad series of books have sold millions of copies worldwide and through his education programs he is reaching thousands of students with his financial messages. Kiyosaki was born and raised in Hawaii of Japanese / American parents. After moving to New York and graduating from college, Kiyosaki enlisted in the Marine Corps. He become an officer and helicopter gun pilot, serving time in the Vietnam war. Upon his return Kiyosaki worked as a salesman for the Xerox printing and photocopying company. His first success in the business world came with a company he started in 1977. Kiyosaki‘s company was importing nylon and Velcro wallets that went on to become associated with surfers, earning them the title of "surfer wallets" and making Kiyosaki good profits. Eventually Kiyosaki went on to become an educator in the areas of business and finance. In the mid eighties he established an educational company where students worldwide could learn about his financial philosophies. Kiyosaki developed a board game to educate people financially, while at the same time remaining entertaining. The Cashflow 101 board game went on to become very successful for Kiyosaki. Cashflow 101 is now also available online, where players are able to learn the basics of investing and personal finance. Rich Dad, Poor Dad Robert Kiyosaki‘s real success came with a series of books based on the rich dad and poor dad characters. Kiyosaki writes the books in an entertaining method where financial novices can remain entertained and at the same time learn his personal finance theories. The rich dad, poor dad characters are fictional people, loosely based on people in Kiyosaki‘s life. Basically, poor dad is the man that goes to work hard for his money in a government job, just getting by each week, paying the bills and feeding the family. Eventually going on to retire poor and unhappy. Rich dad is more of a risk taker and uses his money to invest in real estate and businesses, eventually leading to an abundance of financial wealth where he retires early with a large fortune. The Rich Dad, Poor Dad series consists of more than 8 books based on themes of investing, real estate, personal finance and business motivation. Many of them have gone on to become best sellers in their genre with the most popular (Rich Dad,...

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Congratulations and Welcome to the Rat Race!

For Millions of People, Graduation Means Joining the Rat Race 1.3 million college graduates will exit academia for the work force this year, armed with a sheepskin and laden with debt. This debt, $22,221 on average… as reported by Student Monitor LLC, a leading market research firm, represents both credit card debt and student loans. Debt that, according to that company’s survey stats, will take eight years to pay off. And, in most cases, there’s more where that came form. It’ll take the shape of car loans, revolving credit and even mortgages.  In Rich Dad’s world, the Rat Race is that vicious cycle of living paycheck to paycheck… and the conventional wisdom that getting a good education, good grades and a safe, secure job (with “good benefits”) will lead  to “the good life.” Or, at least, a steady pay check so that there’s money to make monthly payments on expenses and debt.  These new grads are in good company: millions of Americans contribute their fair share to the $100+ billions in credit card debt ($46.6 billion with Capital One Financial alone) in the US. Debt that, in many cases, will take decades to pay off.  Nearly 90% of college grads surveyed in 2004* reported that they were “prepared” for the responsibility of credit cards… over half (56%) of them didn’t know the APR (annual percentage rate of interest) on those cards. In this case, ignorance may not be bliss.  So what is Rich Dad’s answer to the Rat Race dilemma so prevalent in our society? That’s easy: Financial Education. And we’re not alone in that mission. In mid-April of 2005, the Federal Reserve unveiled a new website that Fed chairman Alan Greenspan calls “an online tool that offers students easier access to a wealth of information in the areas of economics, banking and financial services.”  In 2002, Greenspan was quoted as saying that a good foundation in math would improve financial literacy and “help prevent younger people from making poor financial decisions that can take years to overcome.” He added, “People need to be able to read, write and speak basic financial concepts in order to make informed investment decisions.”  “The challenges Americans face – with social security, consumer debt, bankruptcy law changes, and retirement planning – don’t begin at age 65. They begin at age five, when kids enter school.”   – Robert Kiyosaki  Sources: Student Monitor research; MBNA and Capital One Financial reports; The New York Times Lessons for Graduates:  1. Work to learn… not to earn Sometimes a pay check is less important than the lessons you get from working. 2. Who’s giving you advice? Most people...

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