Robert Kiyosaki : All You Need To Know

So Robert Kiyosaki took the world by storm with his "Rich Dad, Poor Dad theory. His sensational theories did inspire a lot of us how to make money and get rich. Now a days I found his followers everywhere and they are all trying to implement his suggestion. I was also moved by his asset creation theories and trying to do that in real life. And that's when it hit me why not do some research and publish an article on steemit which could inspire a lot of people.

Robert Kiyosaki was born in Hilo,Hawai.Like many of us Robert Kiyosaki was not born with a silver spoon,he belonged to a middle class family. His parents were educator and nurse. He attended a local school.Kiyosaki received congressional nominations from a Senator for the U.S. Naval Academy and the U.S. Merchant Marine Academy. Kiyosaki chose to attend the United States Merchant Marine Academy in New York. He later graduated with a Bachelors of Science degree and joined Marine Corps. he also served in Vietnam War . After getting honorably discharged from Marine Corps he enrolled for MBA at the University of Hawaii at Hilo.

In 1977, Kiyosaki started a company called "Rippers".The company brought to market the first nylon and velcro surfer wallets. But the company went bankrupt and then he started another company which licensed T-shirts, hats, wallets, and bags for heavy metal rock bands. This one also got bankrupted in the 80s.He founded an education company and later sold it and then in 1997, he launched Cashflow Technologies, Inc., a business and financial education company that owns and operates the Rich Dad and Cashflow brands. So now we know how he strgulled after leaving the Marine Corps. but never gave up. He was also awarded the Air Medal for his contribution. So now lets take a moment and salute this man for his amazing career and contribution to his country.

Now lets take a look at his great theories and try to see through it, so that we can get ideas to make ourselves wealthy.

Rich Dad,Poor Dad
In 1997 Robert Kiyosaki wrote his first book named Rich Dad Poor Dad. In his theory he has two dads. One of his dad was well educated and the other one was not(the father of a friend). His well educated dad told him that money is the root of all evil while his other dad told him that lack of money is the root of all evil. his well educated dad told him that expensive things are out of their reach and he should not concentrate on that. His other dad told him that he needs to think of possible ways to get those expensive things. Well educated one told him to study hard and get a high paid job. The other one told him to study hard but to build his own business and give jobs to thousands. So you can clearly see the difference of thinking between his dad. Well his "not so educated" dad got rich with his thinking while "the educated one" remained poor. This is where the phrase "Rich Dad Poor Dad" came from.

According to his book Kiyosaki inspires everyone to create assets not liabilities. Now his idea of "Asset" or "Liability" is different than the commercial meaning. To him assets are those something that generates cash flow(Actually an asset is something with value). So according to him your house is not your asset unless you put it up for rent. Liabilities are things that empty your pocket. So the middle class get money and spends it on liabilities. They think that they are creating assets but they are not, as those things don't generate cashflow. While rich people get money and invest it in assets which earns them more money. To Robert Kiyosaki the middle class family don't teach their children how to be rich(they think they do) but the rich actually does it and that is how they stay rich. If you get an high paid job you still have to pay your taxes till you die. But if you invest it in business or real estate or paper assets you don't have to pay taxes and also get rich.

So there it is guys a summary of Robert Kiyosaki's life and a brief discussion of his theory Rich Dad Poor Dad.Hope you liked it.

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