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
For people who live in the suburbs and must commute long distances to work, their wealth will sink as energy prices rise.
Most of us are aware of the sacrificial slaughter of Bear Sterns. Some people call it a bailout, but I call it a handout - a government handout to some of the richest people on Earth, paid for by American taxpayers.
Assets put money in your pocket, whether you work or not, and liabilities take money from your pocket.
I do know that throughout history, all paper money has eventually come back to its true value, which is zero.
I'm a cash flow guy. If it doesn't make me money today, forget about it.
In business, success often depends upon the relative age of your ideas.
The thing I always say to people is this: 'If you avoid failure, you also avoid success.'
Deflation isn't good, and inflation is easier to cure than deflation.
Losers are people who are afraid of losing.
Giving a poor person money keeps them poor.
Generous people can become more generous as they become richer, giving away vast fortunes to worthwhile causes as Bill Gates and Warren Buffett are doing.
Even though the risks of death are higher driving than flying, many people would rather drive simply because they feel they have more control driving. The facts are that only a few hundred people die a year flying, and 44,000 are killed a year driving.
Whole new businesses will emerge around breakthrough products as revolutionary technologies accelerate capitalism's creative destruction of slower industries.
The subprime disaster was a result of financial bombs - derivatives - exploding in financial institutions such as AIG and Lehman Brothers, as well as banks and financial institutions throughout the world.