Robert Kiyosaki Success Story, Biography, Journey
Robert Toru Kiyosaki is an American businessman and author. Robert Kiyosaki is the founder of Rich Global LLC and the Rich Dad Company, a private financial education company that provides personal finance and business education to people through books and videos. He is also the creator of the Cashflow board and software games to educate adults and children about business and financial concepts.
Robert Toru Kiyosaki was born in 1947 in Hilo in the territory of Hawaii. Robert belonged to the Yonsei generation of Japanese Americans. He was the eldest son of Ralph H. Kiyosaki. He had two siblings. As a profession his father was a teacher and instructor. Due to this Kiyosaki be able to get a good education.
Robert attended a Hilo high school and he graduated from there in 1965. He attended the United States Merchant Marine Academy in New York and in 1969 he graduated with a Bachelor of Science degree. After graduating from college, Robert Kiyosaki started a job as a third mate with Standard Oil's tanker office. Kiyosaki resigned from this job after six months.
Later in 1972 during Vietnam War, he join the Marine Corps serving as a helicopter gunship pilot during Vietnam War 1972, where he was awarded an Air Medal. He also started working on merchant ships, which allowed him to travel to various parts of the world. These types of journeys exposed him to new cultures and new ways of life.
When he was in the military he completed his MBA program at the University of Hawaii in 1973. Kiyosaki was discharged from the Marine Corps in June 1974. After doing these jobs later he decided to do his own business. In 1974, Kiyosaki attended the Erhard EST seminar about which he says that its changed my life.
In 1977 he had enough money so he started his own company with the name “Rippers”. His company own that brought the first nylon and Velcro surfer wallets to the market. Kiyosaki and his products were also featured in various magazines Runner's World, Gentleman's Quarterly, Success Magazine, Newsweek, and Playboy but after this, his company eventually bankrupt because he didn’t pay attention to the quality of the products so their demands decreased. Later Kiyosaki took a job as a sales associate for Xerox until June 1978.
“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.”
“Your future is created by what you do today, not tomorrow.”
“Never say you cannot afford something. That is a poor man’s attitude. Ask HOW to afford it.”
“If you want to change your life, begin by changing your words. Start speaking the words of your dreams, of who you want to become, not the words of fear of failure.”
“Face your fears and doubts, and new worlds will open to you.”
Kiyosaki failed several times in his business but he didn’t lose hope. Kiyosaki started other businesses to made T-shirts, hats, wallets, and bags for heavy metal rock bands but he also failed in this business and went bankrupt. Due to his life problem, he didn’t lose hope and decided to share his experience with other people and teach them how not to become poor and not making a wrong finical decision.
In 1985, Kiyosaki cofounded the Excellerated Learning Institute, a business education company teaching entrepreneurship, investing, and social responsibility. In 1992, Kiyosaki published his first book, If You Want to Be Rich and Happy, Don't Go To School. In his book, he encouraged parents not to send their children to college and instead to enter the real estate business.
He began working as a motivational speaker for a personal growth seminar business called Money and You, along with D.C Cordova. However, he did not continue the same for long and instead left Money and You in 1994 to take up early retirement. He was only 47 years of age then. In 1994, Kiyosaki sold the education company.
In 1997 Robert Kiyosaki launched cash flow technologies. This was a business and finical education company. This own and operate the brand rich dad and cashflow. The company is co-owned by his wife, Kim Kiyosaki, and co-writer Sharon Lechter and owns and operates the brands, Rich Dad and Cashflow.
Besides his other business, he also focuses on his writing a book. Robert Kiyosaki's journey toward success wasn’t smooth he also faces a lot of losses and struggles in his journey.
Kiyosaki operates through a number of companies that he owns fully or in part, and through franchisee arrangements with other companies authorized to use his name for a fee. Those companies are Rich Dad LLC, Whitney Information Network, Rich Dad Education, and Rich Dad Academy.
Kiyosaki's called his financial and business teachings a "financial education”. He generating passive income by focusing on business and investment opportunities, such as real estate investments, businesses, stocks, and commodities, with the goal of being able to support oneself by such investments alone and thus achieving true financial independence.
Kiyosaki uses the term "assets" for things that put money in one's pocket. He states that assets generate cash inflow, such as stock dividends, rental income from properties, or income from businesses. He defines "liabilities" as things that cause cash out of one's pocket, such as one's personal residence, consumer loans, car loans, credit card payments, and student loans. He stresses the importance of building up an asset first to fund one's liabilities instead of saving cash or relying on a salary from a traditional job.
In 2000 he published his book “Rich Dad Poor Dad” series of books which has been translated into 51 languages and sold over 41 million copies worldwide.
In 2002, he bought a silver mine in South America and took control over a gold mining company in China.
Kiyosaki was married to Kim Kiyosaki. Since 1994, the Kiyosaki's have lived in Phoenix, Arizona. Robert and Kim were separated in 2017.
“My company survive because I’ve learn to respect the ideas of people younger than me and recognize when my wisdom is obsolete.”
“Dreamers dream dreams and rich people create plans and build bridges to their dreams.”
“My Poor Dad Often Said, ‘I’d Rather Be Happy Than Rich.’ My Rich Dad Said, ‘Why Not Be Both?’”
“Get out of your own way. Often, we’re our own worst enemy when working towards our goals.”
“Success is a poor teacher. We learn the most about ourselves when we fail, so don’t be afraid of failing. Failing is part of the process of success. You cannot have success without failure.”
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Robert kiyosaki Success Story
Robert kiyosaki Biography
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