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
Few people realize that luck is created.
A great property manager is key to success in real estate.
Jobs are a centuries-old concept created during the Industrial Revolution. Despite the reality that we're now deep in the Information Age, many people are studying for, or working at, or clinging to the Industrial Age idea of a safe, secure job.
Many novice real estate investors soon quit the profession and invest in a well-diversified portfolio of bonds. That's because, when you invest in real estate, you often see a side of humanity that stocks, bonds, mutual funds, and saving money shelter you from.
The problem with real estate is that it's local. You have to understand the local market.
What you think is real is your reality.
If I have cash and I can't figure a way to put it into real estate or my business, I hold it in gold and silver.
The boundaries of a person's reality often do not change until that person forsakes what he or she feels confident in and then goes blindly with faith.
In 1997, in Rich Dad, Poor Dad, I stated, 'Your home is not an asset.' Real estate agents sent me hate mail.
By 2003, every fool was getting into real estate. The checkout girl at my local supermarket handed me her newly printed real estate agent business card.
In real estate, many investors love triple net leases. With NNN's investors receive income without the expenses of taxes, repairs and insurance. The tenant covers these costs.
I'm excited about silver because as I write, it's relatively inexpensive. I'm also excited about silver because -- unlike real estate, which can require a lot of money, some finance skills, lots of due diligence and property management skills to do well -- silver is affordable to the masses, and management skills are minimum.
It's when you take that first step opening a business or making an investment that it becomes real.
The primary reason I'm in real estate, oil, gold, and silver is because the U.S. dollar has become the peso the world. It's becoming more and more worthless as the U.S. is the world's biggest debtor nation.