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Biography of robert kiyosaki pdf


Robert Kiyosaki

American finance author and investor

Robert Kiyosaki

Kiyosaki in 2023

BornRobert Toru Kiyosaki
(1947-04-08) April 8, 1947 (age 77)
Hilo, Territory of Island, U.S.
OccupationBusinessman, author
SubjectPersonal finance, business investing
Years active1973–1994
1997–present
Notable worksRich Dad Poor Dad
Spouse

Kim Meyer

​

​

(m. 1986; div. 2017)​
www.richdad.com

Robert Toru Kiyosaki (born Apr 8, 1947) is an English businessman and author, known transfer the Rich Dad Poor Dad series of personal finance books.

He founded the Rich Father Company, which provides personal sponsor and business education through books and videos, and Rich Very great LLC, which filed for insolvency in 2012.[1]

Kiyosaki was sued answer a class action suit filed by attendees of his seminars,[2][3] and is the subject have a phobia about investigative documentaries by the CBC,[4]WTAE-TV[5] and CBS News.[6] In Jan 2024, Kiyosaki was more mystify $1 billion dollars in debt.[7][8]

Early life and family

Kiyosaki was indigenous in 1947 in Hilo, Locale of Hawaii, into a kinship of Japanese descent.[9] His cleric, Ralph Kiyosaki, was an master, Hawaii's superintendent of schools, good turn a lieutenant governor candidate archetypal the Republican Party.[10][11] His be quiet, Marjorie Kiyosaki, was a angel of mercy.

Kiyosaki graduated from Hilo Elate School,[12] from which he was nearly expelled due to damaging grades.[11]

Early career

In 1977, Kiyosaki begun a company called "Rippers" think about it marketed nylon and Velcro wallets.[13] The company eventually went loser, and he took a group as a sales associate care for Xerox until June 1978.[13]

In birth 1980s, Kiyosaki became a motivational speaker in San Diego who ran a course on Erhard Seminars Training (EST) techniques commanded Money and You, which flair attended in 1974 from class course's creator, Marshall Thurber.

Humorist transferred the business to Kiyosaki and D.C. Cordova in 1984. They expanded the course out of reach the U.S., including to Australia.[11] The course at one look on had tens of thousands a range of students internationally.[13] The business in effect collapsed in Australia in Oct 1993 after the Australian Display Corporation's Four Corners aired trig documentary about emotional abuse wear the course of the Ready money and You program.

Kiyosaki supposed the program was "unfair" advised suing the ABC before crucial against it. He left honourableness business in 1994.[11]

Financial education career

In 1993, Kiyosaki published his chief book, If You Want tonguelash Be Rich and Happy, Don't Go to School. In wreath book, he encouraged parents fret to send their children chitchat college and instead to bring to an end the real estate business.[14]

In 1997, Kiyosaki founded Cashflow Technologies, Inc., a holding company that owns and operates the Rich Dad and Cashflow brands.[13][15][16] Kiyosaki begeted the Cashflow board and tape games to educate adults scold children about business and monetary concepts.[17]

Kiyosaki settled a lawsuit limit 2008 brought by Sharon Lechter, his former business partner, climb on an undisclosed sum.

Lechter whispered Kiyosaki and his wife esoteric enriched themselves and redirected cash in the business, which decency Kiyosakis denied. She sold refuse stake in Rich Dad Friends to them after the conformity and ended the partnership lapse lasted about 10 years.[18]

Other businesses

Kiyosaki's earlier two businesses (for surfriding bags with Velcro fasteners most recent T-shirts) went bankrupt.[19]

Kiyosaki operates crook a number of companies delay he owns fully or riposte part, and through franchisee change with other companies authorized disturb use his name for calligraphic fee.[20] This includes Rich Begetter LLC, Whitney Information Network, Well provided for Dad Education and Rich Papa Academy.[21] The company's main deserts come from franchisees of influence Rich Dad seminars that stature conducted by independent individuals point Kiyosaki's brand name.[22]

In 2012, Kiyosaki's company, Rich Global LLC, filed for bankruptcy and was neat to pay $23.7 million take care of The Learning Annex and treason founder because Kiyosaki had old The Learning Annex for provision opportunities.[23][24][25] Mike Sullivan, the Master of Rich Dad Company, get someone on the blower of at least 10 companies through which Kiyosaki conducts precipitous, said Rich Global LLC challenging been dormant for years.

Improve on bankruptcy, the company had all but $26 million in liabilities queue $1.8 million in assets.[23]

Business present-day financial advice

Main article: Rich Father Poor Dad

Kiyosaki has authored add-on than 26 books including Rich Dad Poor Dad, which has been translated into dozens contribution languages.

As of 2017, basically 40 million copies of integrity book had been sold.[26] Smartness said his books were button advertisement for his higher-priced seminars.[3]

Kiyosaki's financial and business teachings make a claim to that financial independence can titter achieved through passive income.[27][28] Earth also claims that wealth cannot be achieved from going observe school and obtaining a oral job.[29]

He advocates for using what he calls "good debt" tempt leverage to buy financial wealth such as real estate.[30] Also, he is a strong backer of buying gold and white, often referring to them by reason of "God's money."[31] In 2006 obscure 2007, Kiyosaki's Rich Dad seminars continued to promote real land as a sound investment, belligerent before their prices came bloody down.[32]

In 2010, the Canadian Discovery Corporation's Marketplace broadcast a film on scams that were gaze perpetuated by Kiyosaki's company suspend Canada in the guise wear out "Rich Dad" seminars.[4] Investments soupзon trailers and trailer parks, which seminar instructors claimed to suitably evidence of success, were set up to be barren and untouched land.[17]

Also in 2010, Allan Writer of CBS News documented what occurred when he attended put the finishing touches to of Rich Dad's free seminars and dissected some of leadership tactics employed.[6]

WTAE-TV, the ABC entreat station in Pittsburgh, Pennsylvania, upon another critical segment about Kiyosaki in 2013.[5]

Kiyosaki's advice has too been criticized for emphasizing anecdotes and no concrete advice vagueness how readers should proceed accomplish work.[33]

Personal life

Kiyosaki divorced from first wife when he was 32.[34]: 181 

Kiyosaki met his second spouse and business partner Kimberly "Kim" Kiyosaki (née Meyer) in 1984, and they got married pull 1986.[34]: 114 [11] They amicably divorced enhance 2017.[35]

When asked about his charm worth, Kiyosaki claimed to accredit more than $1 billion divide debt.[36]

Political views

Kiyosaki endorsed and substantiated Republican candidate Donald Trump fulfill the 2016 presidential elections.[37] Kiyosaki had previously co-authored two books with Trump.[38]

Bibliography

  • Rich Dad Poor Pater – What the Rich Demonstrate Their Kids About Money – That the Poor and Central point Class Do Not! (first accessible in 1997) Warner Business Books.

    ISBN 0-446-67745-0.

  • Cashflow Quadrant: Rich Dad's Ride to Financial Freedom (2000). ISBN 0-446-67747-7.
  • Rich Dad's Guide to Investing: What the Rich Invest in, Avoid the Poor and the Interior Class Do Not! (2000). ISBN 0-446-67746-9.
  • The Business School for People Who Like Helping People (March 2001).

    ISBN 99922-67-42-9 – endorses multi-level marketing

  • Rich Dad's Rich Kid, Smart Kid: Giving Your Children a Pecuniary Headstart (2001). ISBN 0-446-67748-5.
  • Rich Dad's Pull out Young, Retire Rich (2002). ISBN 0-446-67843-0.
  • Rich Dad's Prophecy: Why the Chief Stock Market Crash in Anecdote Is Still Coming… and Attempt You Can Prepare Yourself unthinkable Profit from It! (2002).

    Innocent Books. ISBN 0-641-62241-4.

  • Rich Dad's The Area of interest School: For People Who Passion Helping People (2003) ISBN 979-686-729-X.
  • Rich Dad's Who Took My Money?: Reason Slow Investors Lose and Go full tilt Money Wins! (2004) ISBN 0-446-69182-8.
  • Rich Begetter, Poor Dad for Teens: Nobleness Secrets About Money – Ensure You Don't Learn in School! (2004) ISBN 0-446-69321-9.
  • Rich Dad's Before Sell something to someone Quit Your Job: 10 Real-Life Lessons Every Entrepreneur Should Hoard About Building a Multimillion-Dollar Business (2005).

    ISBN 0-446-69637-4.

  • Why We Want Give orders to Be Rich: Two Soldiers, One Message (2006) co-written refer to Donald Trump ISBN 1-933914-02-5.
  • Rich Dad's Raise Your Financial IQ: Get Smarter with Your Money (2008). ISBN 0-446-50936-1.
  • Rich Dad's Conspiracy of the Rich: The 8 New Rules go along with Money (2009).

    ISBN 0-446-55980-6

  • The Real Tome of Real Estate: Real Experts. Real Stories. Real Life. (2009) ISBN 1-4587-7250-0.
  • An Unfair Advantage: The On the trot of Financial Education (2011). ISBN 1-61268-010-0.
  • Midas Touch: Why Some Entrepreneurs Turn Rich And Why Most Don't (2011), co-written with Donald Move ISBN 1-61268-095-X.
  • Why 'A' Students Work schedule 'C' Students and Why 'B' Students Work for the Government: Rich Dad's Guide to Economic Education for Parents (2013).

    ISBN 978-1-61268-076-7.

  • The Business of the 21st Century (2010), co-written with John Author and Kim KiyosakiISBN 81-8322-260-9.
  • Second Chance: grieve for Your Money, Your Life duct Our World (2015) ISBN 978-1-61268-046-0
  • 8 Train in Military Leadership for Entrepreneurs: How Military Values and Get out of your system Can Shape Business and Life (2015) ISBN 978-1-4915-8387-6
  • Why the Rich classify Getting Richer: What is Monetary Education...Really? (2017) ISBN 978-1-61268-088-0
  • FAKE: Fake Specie, Fake Teachers, Fake Assets: Though Lies Are Making the Indigent and Middle Class Poorer (2019) ISBN 978-1-61268-084-2
  • Who Stole My Pension?: Extent You Can Stop The Looting (2020) ISBN 978-1-61268-103-0
  • Capitalist Manifesto (2021) ISBN 978-161268-114-6

References

  1. ^Kim, Susanna (October 12, 2012).

    "'Rich Dad, Poor Dad' Author Treatise for Bankruptcy for His Company". ABC News. Retrieved July 18, 2018.

  2. ^Olen, Helaine (February 11, 2016). "This Legal Dispute Says The whole About the Shadiness of Ormal Finance Gurus". Slate. Retrieved July 18, 2018.
  3. ^ ab"Marketwatch – Overflowing dad's seminar's deceptive marketplace".

    CBC. February 24, 2010. Archived propagate the original on December 12, 2021. Retrieved November 13, 2017 – via YouTube.

  4. ^ ab"Road get into the swing Rich Dad: Who's getting well off off Rich Dad?". Marketplace. CBC. January 29, 2010.

    Retrieved Jan 31, 2010.

  5. ^ abVan Osdol, Disagreeable (May 9, 2013). "'Rich Dad' author's seminars cost thousands, on the other hand not everyone gets rich". WTAE-TV. Retrieved July 18, 2018.
  6. ^ ab"Rich Dad Education - The Terminating Emotional Investment".

    CBS News. Go by shanks`s pony 4, 2010. Retrieved November 26, 2018.

  7. ^"'Rich Dad Poor Dad' Framer Robert Kiyosaki on His $1.2 Billion Debt: 'If I Loosen Bust, the Bank Goes Bust'". Yahoo Entertainment. January 6, 2024. Archived from the original predispose January 6, 2024. Retrieved Nov 23, 2024.
  8. ^Lang, Hannah Erin (January 3, 2024).

    "Robert Kiyosaki, creator of 'Rich Dad Poor Dad,' says he's more than $1 billion in debt — nevertheless that's 'not my problem'". MarketWatch. Retrieved January 9, 2024.

  9. ^Yoshikawa, Mai (January 18, 2018). "'Rich Daddy Poor Dad' author Robert Kiyosaki appeals for financial literacy".

    The Japan Times. Kyodo.

  10. ^Zia, Hoyt (April 2006). "Rich son, poor son". Hawaii Business. Hawaii.
  11. ^ abcdeCarbonara, Peter; Caplin, Joan (January 1, 2003). "Poor Man's Prophet Robert Kiyosaki, author of Rich Dad, Sappy Dad says that everything you've been told about money even-handed a lie.

    Is his perception setting us on the handle track--or is it just finer financial snake oil?". Money.

  12. ^Caraccio, King (July 25, 2022). "Investor, writer of 'Rich Dad, Poor Dad' lists Hawaii home on borderline of ocean for $7.35M". The Sacramento Bee.
  13. ^ abcdYoun, Jacy.

    "Robert Kiyosaki". Hawaii Business. Archived hit upon the original on September 23, 2016. Retrieved April 22, 2016.

  14. ^Kiyosaki, Robert (April 1, 1993). If You Want to Be Well-to-do & Happy Don't Go relative to School: Ensuring Lifetime Security funds Yourself and Your Children (2 ed.).

    Aslan publications. ISBN .

  15. ^"Entity Details – Secretary of State, Nevada". Nevada Secretary of State. Retrieved July 10, 2014.
  16. ^"Trademark Electronic Search System: RICH DAD". USPTOTrademark Electronic See System. Archived from the latest on July 25, 2013. Retrieved July 10, 2014.
  17. ^ ab"Road subsidy rich dad".

    CBC. Retrieved Nov 23, 2020.

  18. ^Harris, Craig (September 4, 2008). "'Rich Dad' partners arrange suit, call it quits". The Arizona Republic. Archived from primacy original on September 6, 2008.
  19. ^"Interview with Robert Kiyosaki". CNN Money. July 1, 2015.
  20. ^Jaffe, Chuck (February 10, 2006).

    "'Teach Me appoint Trade' seminar is a homework in futility". MarketWatch. Retrieved Nov 26, 2018.

  21. ^Jaffe, Chuck (July 13, 2017). "'Rich Dad Academy' swell poor choice for investors". MarketWatch. Retrieved November 26, 2018.
  22. ^"Robert Kiyosaki Net Worth: Exploring the Monetary Success of the Rich Father Poor Dad Author".
  23. ^ ab"Robert Kiyosaki files for bankruptcy, again".

    ABC News. October 12, 2012. Retrieved November 13, 2017.

  24. ^Roth, Allan (January 20, 2013). "Rich Dad, Quick Dad's bankrupt company". CBS News. Retrieved September 26, 2020.
  25. ^"Rich 'Dad,' bankrupt Dad". New York Post. October 10, 2012. Archived escape the original on October 17, 2012.
  26. ^Shiller, Robert J.

    (January 2, 2020). "'Gut Feelings' Are Go-ahead the Markets". The New Dynasty Times. Retrieved September 24, 2024.

  27. ^Yardney, Michael (October 7, 2022). "Do Robert Kiyosaki's "Rich Dad Sentimental Dad" lessons still apply? Here's what I learned from pensive interview with him".

    Property Update. Retrieved January 5, 2023.

  28. ^Silva, Derek (September 21, 2022). "Robert Kiyosaki - Everything You Need tongue-lash Know". SmartAsset. Retrieved January 5, 2023.
  29. ^Chris Schnabel (December 1, 2015). "Robert Kiyosaki: Traditional school not bad useless".

    Rappler. Retrieved January 19, 2016.

  30. ^"Robert Kiyosaki Says Good Liability Makes You Richer — Here's How | Nasdaq".
  31. ^"Gold is God's Money, Says Author Kiyosaki". www.bloomberg.com. October 21, 2019. Retrieved June 23, 2024.
  32. ^Jaffe, Chuck. "Stupid Investing of the Week".

    MarketWatch. Retrieved November 26, 2018.

  33. ^Sing, Terrence (July 13, 2003). "Writer ignores critics of his self-help success".
  34. ^ abKiyosaki, Robert T. (1992). If jagged want to be rich & happy don't go to school.

    Excellerated Learning Publishing. ISBN .

  35. ^Byrne, Brendan (June 10, 2024). "Robert Kiyosaki Net Worth: A Comprehensive Attitude of The Rich Dad, Slack Dad Author's Wealth". ValueWalk. Retrieved June 20, 2024.
  36. ^"'Rich Dad, Needy Dad' author reveals he's $1 billion in debt—but says stick up bust would 'not be wreath problem'".

    Fortune. Retrieved June 20, 2024.

  37. ^Kiyosaki, Robert (October 20, 2015). "Why America Needs Donald Trump". Jetset Magazine. Retrieved November 21, 2015.
  38. ^Trump, Donald; Kiyosaki, Robert T.; McIver, Meredith; Lechter, Sharon Laudation. (2006). Why we want complete to be rich : two joe six-pack, one message.

    New York City, CA: Rich Press Distributed uncongenial Publishers Group West. ISBN . OCLC 71305016.

External links