Robert Kiyosaki
Robert Kiyosaki
• Completing his education, he started working on merchant ships,
which allowed him to travel to various parts of the world. These
journeys exposed him to new cultures and new ways of life.
Furthermore, he witnessed extremes of poverty that people faced
around the world. These voyages left a profound impact on him.
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• In 1972, during the Vietnam War, he served as a helicopter
gunship pilot in the Marine Corps. For his service, he was awarded
with the Air Medal. Two years later, he left the Marine Corps.
However, instead of returning to Hawaii he moved to New York.
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• From 1974 until 1978, he took up the profile of a salesman for
Xerox Corporation selling copy machines. Meanwhile in 1977,
having saved enough money, he started a company of his own that
brought forth to the market the first nylon and Velcro ‘surfer’
wallets.
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• As a means to limit the cost of the wallets, he did not pay heed to
the quality of the product which led to a downfall in the demand,
thus causing financial losses to the company. A bankruptcy
became inevitable.
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• Towards the beginning of the 1980s decade, he initiated a
business that licensed T-shirts for heavy metal rock bands, such
as Motley Crue. Though the business brought forth exceptional
financial success initially, with a change in trend, the preference for
heavy metal band gave way to softer music which led to a decline
in demand. The company became insolvent in 1985.
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• During his booming period of his second venture, he invested
money in stock and shares and real estate. However, as time
passed and business declined, his debts to banks also increased.
In order to repay the same, he was left penniless and homeless.
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• Despite reaching the rock bottom pit low mark of his life, he did not
lose hope and instead used his experience and knowledge to help
people and educate them on how to avoid bankruptcy and achieve
financial success.
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• Interestingly, though his experiences and the modest state of living
contradicted his profession, ne nevertheless took to teaching
people how not to become poor and make wrong financial
decisions
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• He began working as a motivational speaker for a personal growth
seminar business called Money and You, along with D.C Cordova.
The three-day seminar mostly focussed on teaching students the
works of Buckminster Fuller. Predominantly present only in
Canada and United States, the popularity of the business allowed
them to spread their wings to Australia and New Zealand as well.
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• The popularity, growth and universal appeal of this business
venture turned profitable and he became a multi-millionaire.
However, he did not continue the same for long and instead left
Money and You in 1994 to take up early retirement. He was only
47 years of age then.
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• Not the one to be completely idle, he actively pursued wealth by
investing in stock and shares and real estate market. However,
since he had given up on regular work and had time to spare, he
started concentrating on writing a book.
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• Following the footsteps of his educator ‘poor dad’, and guidance
and advice of his ‘rich dad’ (who in reality was his friend’s dad) he
concentrated on amalgamating the two lines of beliefs to come up
with a book which highlighted the teaching of both his rich dad and
poor dad.
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• He collaborated with Sharon Lechter and together they co-wrote
the first ‘Rich Dad, Poor Dad’ book. However, they could not find a
publisher for the same and hence decided on publishing it on their
own.
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• Meanwhile, after three years of hiatus, he came back from
retirement and launched a business and financial education
company titled, Cashflow Technologies Inc. The company is co-
owned by his wife, Kim Kiyosaki and co-writer Sharon Lechter and
owns and operates the brands, Rich Dad and Cashflow.
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• ‘Rich Dad Poor Dad’, published in 2000, advocates financial
independence and teaches its readers the importance of building
wealth through investments in real estate and the starting and
owning of business. The book sold ten million copies becoming a
bestseller.
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• The success of the book led to the release of the future works,
Rich Dad's CASHFLOW Quadrant and Rich Dad's Guide to
Investing. Furthermore, he released a dozen of other books.
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• In 2002, he bought silver mine in South America and took control
over a gold mining company in China.
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• In 2010, he appeared at The Alex Jones Show wherein he
revealed his assets including big apartment complexes, hotels and
golf courses. He is also the head and investor of oil drilling
operations as well as oil wells and even a startup solar company.
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