Robert Kiyosaki
Robert Kiyosaki
Robert Toru Kiyosakiis an American businessman, investor, self-help author, educator, motivational speaker, financial literacy activist, financial commentator, and radio personality. Kiyosaki is the founder of the Rich Dad Company, a private financial education company that provides personal financial and business education to people through books, videos, games, seminars, blogs, coaching, and workshops. He is also the creator of the Cashflow board and software games to educate adults and children business and financial concepts...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth8 April 1947
CityHilo, HI
CountryUnited States of America
I'm not a Republican or a Democrat, but George Bush has just put us so greatly into debt; now Obama's going to make it even worse. So, it's basically highway robbery, and I think it's a tragedy.
In most cases, when people make more money, they get deeper in debt. This is why money alone does not make you rich.
Once again, the 90/10 rule of money applies - 10% of the borrowers in the world use debt to get richer - 90% use debt to get poorer.
Be careful when you take on debt. If you take on debt personally, make sure it is small. If you take on large debt, make sure someone else is paying for it.
Good debt is a powerful tool, but bad debt can kill you.
Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I'm the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.
A short squeeze could happen with the U.S. dollar if lenders suddenly forced debtors to pay in cash.
It's time to start thinking differently about money and debt and start the healing process - and the process toward wealth and freedom. 'Freedom from Bad Debt' can get you started.
Every time the Fed implements 'quantitative easing,' a.k.a. printing more money, two things go up: taxes and inflation. When taxes and inflation go up, more jobs are lost.
At my lowest point, I was nearly $700,000 in debt.
At the height of the Enron mania, the company's market value was $65 billion. Once the dust cleared, the final value was $0.
I know how to make money. That's what I know. Not too many people know that, that well.
As one of my teachers, Buckminster Fuller, says, we were given a right foot and a left foot, not a right foot and a wrong foot. The point is that, there's always two points of view out there, and we need to increase our ability to allow another point of view. Then we have a better chance for peace.
I don't know why I am internally a violent person. I don't have the normal nerve endings most people do, which was very good for me as a pilot in Viet Nam. When most people are afraid, I'm actually quite excited about things. The more dangerous something is, the happier I am.