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
World War II broke out in 1939, and many people credit that war with saving the economy.
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.
Demographics show that we are entering a battle between young and old. I call it the 'Age War.' The young want to hang onto their money to grow their families, businesses, and wealth. The old want the tax and investment dollars of the young to sustain their old age.
Warren Buffett is famous for talking about the 'intrinsic value' of stocks. But while many people parrot this phrase, few know what it really means.
Something's very wrong with a nation that would rather spend money on war than take care of its children.
The Spanish Empire eventually collapsed because of its expensive taste for warfare and conquest.
When President George W. Bush attempted to reform Social Security, that proposal was more unpopular with Americans than the Iraq war. People love their entitlements.
Remember to dream big, think long-term, underacheive on a daily basis, and take baby steps. That is the key to long-term success.
Many entrepreneurs do not realize that many of the problems their businesses face today began yesterday, long before there was a business.
The problem is that the U.S. government is the biggest debtor in the world, and those depending on it to take care of them will only become poorer.
It's easier to aim to please and say what others want to hear than to form an opinion and fight for it, even if it means taking a risk or losing your job.
Over a 10-year period, 99 out of 100 new entrepreneurs will fail. Only one will be left standing as others get pushed out of the market or burn out from working so hard. It's really sad.
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.
Whole new businesses will emerge around breakthrough products as revolutionary technologies accelerate capitalism's creative destruction of slower industries.