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
Employees pay the highest percentage of taxes. Big business and investors pay the least.
Most people want to be rich but they do not want to pay the price, in fact there are ways of becoming rich in which the odds are in the person's favor
To be rich you have to know what it is to be poor. Getting financially literate is part of the price you have to pay to become rich
People who pay the price for security may never really feel secure rather the more their insecurity grows inside them because they are paying the price for action but not their internal reaction
Those who have safe and secure jobs pay more taxes than those who own the business that provides the jobs
When I was a kid, there were no credit cards. Instead, retailers offered layaway plans. My mom would go to a store, such as a furniture outlet, choose the sofa she wanted, and put it on layaway. That meant she put a little money down to hold the sofa, and every payday she'd pay a little toward the purchase.
When I was young, people lived from paycheck to paycheck. Today, it seems like they live from credit card payment to credit card payment.
The problem with being an employee or self-employed is you pay the highest taxes.
An example of good debt is the debt on the apartment houses I own. That debt is good only as long as there are tenants to pay my mortgages. If tenants stop paying their rent, my good debt turns into bad debt.
Many gold and silver experts will recommend you buy numismatic coins - rare and old coins. If you are not a rare coin expert, I'd encourage you to stay away from them. New investors often pay too much for rare coins that are not really rare.
I began playing Monopoly for real when I was 26 years old. Today, my wife and I have approximately 1,400 little green houses - each paying us monthly. You do not have to be a rocket scientist or have a Harvard degree to play Monopoly for real.
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.
I have had a 'real' job for only four years of my life, which means I only collected a traditional paycheck for that very short period of time.
A short squeeze could happen with the U.S. dollar if lenders suddenly forced debtors to pay in cash.