Robert Kiyosaki, who's net worth in 2023 is about $100 Million is an American entrepreneur, author, speaker, and financial educator best known for his “Rich Dad Poor Dad” series of books. Born on April 8, 1947, in Hilo, Hawaii, Kiyosaki was raised in a family that valued education and financial literacy. His “rich dad” and “poor dad” in the books are actually based on two influential figures in his life—his biological father, who was well-educated but struggled financially, and his best friend's father, who was a successful entrepreneur and served as a mentor to Kiyosaki.
In 1997, Kiyosaki published his first book, “Rich Dad Poor Dad,” which became a worldwide bestseller and has been translated into dozens of languages. The book focuses on financial education, offering advice on building wealth through investing in assets like real estate and small businesses. Kiyosaki emphasizes the importance of financial literacy and entrepreneurship as keys to financial success, as opposed to relying solely on traditional employment and saving strategies.
Since the success of “Rich Dad Poor Dad,” Kiyosaki has authored multiple other books and created educational materials that cover various aspects of personal finance, investing, and wealth building. He is also the founder of the Rich Dad Company, which offers educational resources and seminars to teach people about personal finance and investing. Despite some controversy surrounding his investment advice and business practices, Kiyosaki remains a popular figure in the world of personal finance and wealth creation.
Robert Kiyosaki's Wife Kim Kiyosaki
Born as Kim Meyer in 1958, she grew up in a middle-class family in Oregon.
Kim Kiyosaki began her career in advertising and worked her way up to becoming an account executive at a top advertising agency in Honolulu, Hawaii. She met Robert Kiyosaki in the mid-1980s, and they married in 1986. Together, they founded the Rich Dad Company, which offers a variety of financial education products and services.
Kim Kiyosaki is known for promoting financial literacy and independence for women. She authored the book “Rich Woman: A Book on Investing for Women,” which aims to teach women the importance of taking control of their finances and provides advice on investing in real estate and other assets. Kim emphasizes the importance of financial education and independence for women, challenging societal norms that have historically discouraged women from participating in wealth-building activities.
In addition to her work as an author, Kim is also an experienced real estate investor and has been involved in numerous real estate ventures with her husband, Robert. She often shares her expertise and experiences in public speaking engagements, interviews, and as a mentor to other aspiring investors.
“Rich Woman: A Book on Investing for Women” – The book focuses on empowering women to achieve financial independence by providing practical advice on investing and wealth-building.
In the book, Kim Kiyosaki emphasizes the importance of financial education for women and addresses the unique challenges they face in the world of finance. She encourages women to overcome societal norms and stereotypes that have historically discouraged them from actively participating in wealth-building activities.
“Rich Woman” provides a step-by-step guide to help women understand various investment options, such as real estate, stocks, bonds, and mutual funds. Kim shares her own experiences and lessons learned in her investing journey, offering insights on how to evaluate opportunities, manage risks, and build a diversified investment portfolio.
Throughout the book, Kim Kiyosaki advocates for the significance of financial independence in order for women to achieve security and freedom in their lives. She believes that by taking control of their finances and gaining investment knowledge, women can create lasting wealth and a secure future for themselves and their families.
Robert Kiyosaki Quotes:
Here are some popular quotes by Robert Kiyosaki:
“Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.”
“The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth in what seems to be an instant.”
“In the real world, the smartest people are people who make mistakes and learn. In school, the smartest people don't make mistakes.”
“It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”
“Financial freedom is available to those who learn about it and work for it.”
“The only difference between a rich person and a poor person is how they use their time.”
“The most successful people in life are the ones who ask questions. They're always learning. They're always growing. They're always pushing.”
“If you want to go somewhere, it is best to find someone who has already been there.”
“You're only poor if you give up. The most important thing is that you did something. Most people only talk and dream of getting rich.”
“The size of your success is measured by the strength of your desire; the size of your dream; and how you handle disappointment along the way.”
These quotes reflect Robert Kiyosaki's views on wealth creation, financial education, and personal development, emphasizing the importance of building assets, learning from mistakes, and fostering a growth mindset.
Robert Kiyosaki Books – along with YouTube videos above each one:
Rich Dad Poor Dad (1997)
“Rich Dad Poor Dad” (1997) is a best-selling personal finance book by Robert Kiyosaki that compares the financial philosophies and advice of his “rich dad” (his best friend's father) and his “poor dad” (his biological father). The book highlights the importance of financial education and aims to challenge conventional thinking about money, work, and investing.
In the book, Kiyosaki argues that the traditional approach of working for a paycheck, saving money, and relying on a pension for retirement is not the best path to financial freedom. Instead, he suggests that individuals should focus on acquiring assets such as real estate, businesses, and stocks that generate passive income and wealth over time.
Some key concepts in “Rich Dad Poor Dad” include:
The Rich Don't Work for Money: Kiyosaki emphasizes that wealthy individuals focus on making money work for them by investing in income-generating assets.
Financial Education: The book stresses the importance of financial literacy, as understanding money and investments is crucial for building wealth.
Mind Your Own Business: Kiyosaki encourages readers to build and invest in their own businesses, rather than solely relying on a job for income.
Taxes and Corporations: The book discusses how the rich use corporations and tax laws to their advantage, minimizing their tax burden and maximizing income.
The Rich Invent Money: Kiyosaki explains that financially savvy individuals look for opportunities and find creative ways to generate wealth.
Work to Learn, Not for Money: The book suggests that people should focus on acquiring skills, knowledge, and experiences that can be applied to wealth-building, rather than solely working for a paycheck.
“Rich Dad Poor Dad” has been praised for its straightforward approach to personal finance and its emphasis on the importance of financial education. However, it has also been criticized for its lack of specific investment advice and controversial ideas about money and wealth-building.
Rich Dad's CASHFLOW Quadrant (1998)
“Rich Dad's CASHFLOW Quadrant” (1998) is a book by Robert Kiyosaki that builds on the concepts introduced in “Rich Dad Poor Dad.” The book focuses on the CASHFLOW Quadrant, a model that categorizes people into four groups based on how they generate income:
Business Owner (B)
The left side of the quadrant (Employee and Self-Employed) represents those who primarily earn income through their own labor and are generally more reliant on active income. The right side of the quadrant (Business Owner and Investor) represents those who generate income through assets and investments, which can create passive income and wealth over time.
In “Rich Dad's CASHFLOW Quadrant,” Kiyosaki emphasizes the advantages of moving from the left side of the quadrant to the right side in order to achieve financial independence. He argues that being a business owner and investor offers more opportunities for financial growth, freedom, and stability than relying solely on active income from a job or self-employment.
The book covers various topics, including:
The mindset and skills required to transition from the left side of the quadrant to the right side.
The importance of financial education and understanding different types of income (active, passive, and portfolio income).
Strategies for creating passive income streams through investments and businesses.
Ways to minimize taxes and maximize income as a business owner or investor.
The role of entrepreneurship and business systems in wealth creation.
“Rich Dad's CASHFLOW Quadrant” aims to help readers understand different paths to generating income and wealth and encourages them to seek opportunities beyond traditional employment. The book has been praised for its insights on entrepreneurship and wealth-building, although it has faced some criticism for its lack of specific, actionable advice.
Rich Dad's Guide to Investing (2000)
“Rich Dad's Guide to Investing” (2000) is a book by Robert Kiyosaki in which he delves deeper into the world of investing, providing readers with detailed strategies for creating long-term wealth. The book is a continuation of the financial principles introduced in “Rich Dad Poor Dad” and “Rich Dad's CASHFLOW Quadrant.”
In “Rich Dad's Guide to Investing,” Kiyosaki discusses the differences between what he calls “sophisticated investors” and average investors. He explains that sophisticated investors are individuals who possess a high degree of financial knowledge, take calculated risks, and leverage their understanding of money to build wealth. On the other hand, average investors typically rely on conventional wisdom and investment advice without fully understanding the intricacies of the investments they make.The book covers various topics related to investing, such as:
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