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 can lose three million dollars because it's just paper. Thus, my lifestyle is not dependent up the stock market.
Throughout history, every government that's printed money, the money has eventually gone to its ultimate value which is zero. Remember? The confederate dollar went to zero. The continental went to zero. That's what happens when you have a bank that's allowed to print as much money as it wants to.
In the simplest terms, inflation occurs when there's too much money in the system. On the flip side, deflation occurs when there are too few dollars in circulation.
The dollar has lost over 90 percent of its value since the Fed was created.
The Nasdaq bubble and crash were followed by the real estate bubble then subprime crash, which led to the unprecedented printing of trillions of dollars in an attempt to prevent a global depression.
A short squeeze could happen with the U.S. dollar if lenders suddenly forced debtors to pay in cash.
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.
We live in a global community and we can't really remain isolated. I believe that when we hold a very narrow view about our attitudes of politics or culture or religion, then we cut out the opportunity to really engage with other points of view.
I grew up playing football and hunting; and went to military school and then into the Marine Corps. Kindness is not a valued trait. That`s why I had to learn kindness. As I grow older I'm finding it's something I definitely need to put focus on, thought and practice. Kindness actually comes from the heart, so it's really stretching inside of me. It's been quite a magical journey for me to learn to be kinder in my dealing[s] with other people.