Robert Toru Kiyosaki ( ??? , Kiyosaki Tooru , was born April 8 , 1947) is an American businessman and writer. Kiyosaki is the founder of Rich Dad Company, a private financial education firm that provides private financial and business education to people through books and videos. The main income of the company comes from the rich Father Seminar franchise conducted by independent people using the Kiyosaki brand name for a fee. He is also the creator of Cashflow boards and software games to educate adults and business children and financial concepts.
The Kiyosaki seminars in the US and Canada were conducted in collaboration with a company called Elite Legacy Education (the only publicly traded public education company monitored and approved by the SEC and DOJ) and contracted to local companies as affiliates in other countries.
Kiyosaki is the author of more than 26 books, including self-published international personal finance Rich Dad Poor Dad which has been translated into 51 languages ​​and sold over 27 million copies worldwide. He has also been criticized for advocating for the debatable practice of legality that is considered a "get rich quick" philosophy.
Video Robert Kiyosaki
Early life and career
Robert Toru Kiyosaki was born on April 8, 1947 in Hilo, Hawaii. Part of Japan's Japanese generation Yonsei, he was the eldest son of Ralph H. Kiyosaki (1919-1991), an academic and educator, and Marjorie O. Kiyosaki (1921-1971), a registered nurse. Kiyosaki was followed by three of his siblings - Emi's sister and Beth, and his brother, John. He studied at Hilo High School and graduated in 1965. Kiyosaki received a congressional nomination from Senator Daniel K. Inouye for the US Naval Academy and U.S. Marine Traders Academy. Kiyosaki chose to attend the American Academy of Marine Merchants in New York and graduated in 1969 as a deck officer with a Bachelor of Science and a commission as Lt. 2 in the US Marine Corps. After graduating from college, Kiyosaki took a job with Standard Oil's tanker office as the third pair. Kiyosaki resigned after six months to join the Marine Corps, serving as a helicopter fighter pilot during the Vietnam War in 1972, where he was awarded the Air Medal.
As per Kiyosaki, he enrolled in a two-year MBA program at the University of Hawaii at Hilo in 1973 when he was still in the military. He was dismissed with respect from the Marine Corps in June 1974. He took a job as a sales associate for Xerox until June 1978. In 1974, Kiyosaki attended the Erhard EST seminar, which he said changed his life. In 1977, Kiyosaki started a company called "Rippers". The company brought to market the nylon wallet and the first velcro surfer. Kiyosaki and its products are featured on Runner's World, Gentleman's Quarterly, Success Magazine, Newsweek, and Playboy. /i>. The company eventually went bankrupt.
Kiyosaki then started a retail business that made T-shirts, hats, purses, and bags for heavy metal rock bands. The company went bust in 1980.
In 1985, Kiyosaki and his friends purchased Erhard Seminars Training (EST), a company best known in the United States for holding controversial seminars. The new owner changed the name EST as a business education firm that teaches entrepreneurship, investment, and social responsibility. Around this time, he married his second wife, Kim, who has invested in some real estate in Phoenix. In 1994, Kiyosaki sold the education company.
In 1992, Kiyosaki took out his first book, If You Want to Get Rich and Happy, Do not Go to School . In his book, he encourages parents not to send their children to college and instead to enter the real estate business, taking out credits. The book and its message also attracted young people who dropped out of college based on the advice given in the book and got Kiyosaki's places on the popular talk show where he spread his message.
In 1997, Kiyosaki launched Cashflow Technologies, Inc., a business and financial education firm that owns and operates the Rich Dad and Cashflow brands. Kiyosaki partnered with Amway to further promote his book. In accordance with an interview with Forbes, Kiyosaki's main income came through the rich dad's franchise seminar.
Maps Robert Kiyosaki
Business and other business investments
Two previous Kiyosaki businesses (for surfing bags with Velcro fasteners and T-shirts) went bankrupt. After that he founded a company for financial and real estate education that has done well so far, with his main business model high priced seminars (ranging from $ 12,000 to $ 50,000 per head). In an interview with CBC, he described his books as advertisements for higher priced seminars. In 2012, Kiyosaki again filed for bankruptcy.
Kiyosaki operates businesses and other external business investments. Many are concentrated on information technology (mobile and internet applications), publishing, retailing, education, mining, energy, financial markets, and the real estate industry. Kiyosaki insists that he earns 2 million USD in tax-free monthly cash flow from all of his business and investments. Kiyosaki's estimated wealth is about $ 80 million USD. Kiyosaki is involved with the apartment business and has more than 1400 units of apartment houses. Kiyosaki has been involved with commercial real estate sectors such as investment in warehouse, Triple net lease and real estate development business throughout the United States.
During the subprime mortgage crisis of the late 2000s, Kiyosaki invested heavily after it acquired nearly 40% of its 2015 portfolio of depressed properties during the crisis. In 2008, Kiyosaki bought 300 units, a $ 17 million apartment complex in Tulsa, Oklahoma. Much of his commercial real estate holdings include luxury hotels and boutiques, golf courses and large apartment complexes according to interviews he conducted with The Alex Jones Show in 2010. During the same year, Kiyosaki earned $ 46 million Arizona landmark resort with 5 golf courses that are being seized in bankruptcy court. In 2011, he invested in an apartment construction project of 2,000 units and earned about $ 250,000 in monthly cash flow. In May 2015, he invested in an apartment complex of 1600 units for $ 80 million USD. In December 2015, Kiyosaki refinanced a $ 300 million loan of 2.5 percent on one of its apartment complex investments. In May 2016, Kiyosaki claimed he controlled more than 10,000 apartment units generating over one million dollars in cash flow each month. Kiyosaki has been in the oil business since the late 1990s. He has a number of oil drilling operations and oil wells in Texas, Louisiana, and Oklahoma. In 2013, Kiyosaki invested in three new oil wells with a 10 percent stake. By the end of 2015, Kiyosaki collects a portfolio of 400 privately controlled oil wells.
Business and financial advice
Kiyosaki's financial and business teaching focuses on what he calls "financial education" generating passive income by focusing on business and investment opportunities, such as real estate, business, stock and commodity investments, with the ultimate goal of being able to support themselves with such investments and thus achieve true financial independence without working for salaries through conventionally paid work. Kiyosaki defines the term "asset" as the stuff that puts money into the bag and describes the asset can be anything as long as it has value, generates income or appreciates, and has a ready market. He stated that assets generate cash inflows, such as stock dividends, rental income from property, or income from business, and the term "liability" as things that spend cash from pockets, such as a person's personal residence, consumer loan, car loan, credit card payments and student loans. Kiyosaki argues that financial leverage is essential to getting rich despite the risks, impacts, and pitfalls that come with leverage to achieve financial independence. Kiyosaki stressed the importance of building assets first to fund someone's obligations rather than saving cash or relying on the salary of traditional employment.
Personal life
Kiyosaki is married to Kim Kiyosaki. Since 1994, the Kiyosakis have lived in Phoenix, Arizona. Kiyosaki supports and supports Republican Donald Trump candidate for the 2016 Presidential election.
Criticism and controversy
In May 2006, Kiyosaki was featured on 20/20 where he trained three people to invest $ 1,000 each. The three of them lost as much money as they had before the Kiyosaki training, which led to doubts about Kiyosaki's suggestion. In 2007, the Ohio State Department of Real Estate and Professional Licensing Division issued a remarkable statement warning people against some of the illegal methods Kiyosaki reported in his books and seminars. In 2010, the Canadian Broadcasting Corporation exposed the fraud perpetuated by the Kiyosaki company in Canada by posing as a seminar. After tracking the successful claims of the "rich dad" seminar organizers, they found that this claim was incorrect. The investment in trailers and trailer parks that are being reproduced as "successful" by the seminar teachers turns out to be completely pieces of barren land that no one uses.
From 1990 to 1995, Kiyosaki used Amway to promote his book with multi-level marketing, both of which have been heavily criticized for leaving customers who feel cheated. Kiyosaki was sued by fellow writer Sharon Lechter in 2007 for disobeying the terms of their agreement on a book written jointly. Kiyosaki's advice has been criticized for emphasizing anecdotes and has no concrete suggestions as to how readers should continue or work. Kiyosaki replied that the material is meant to be a motivational tool for making the reader think about money rather than a guide to wealth, and that "rich dad" is a fictitious character. He also said the books should be "interesting" to people, which does not involve much technical material. According to John Reed, a real estate advisor, Kiyosaki's books often provide illegal and immoral advice such as using insider tips from rich friends (insider trading), induces real estate purchases, takes more debt on credit cards than who can handle and declare bankruptcy whenever a person's plans become chaotic. In an interview with the Canadian Broadcasting Corporation, he admitted that he partnered with a real estate company to promote their business through his seminars. He also acknowledged that because the rich dad's seminar was a self-employed franchisee, he had little control over their content.
Kiyosaki has been criticized for anti-education, according to some. Some also say he advocates for people to drop out and are opening up the idea of ​​an excessive higher education to determine a person's financial success. He has mocked, mocked, and mocked academically successful and academically successful people and has said "the best way to avenge A class is to get them to be my employees." He has described people who go to college as "suckers" and PhD holders as "poor, powerless, and hopeless", referring to Kiyosaki's own father, who became poor and unemployed during the last years of his life though very educated PhD. Kiyosaki has replied that he was "pro-education" in terms of building wealth through financial education and that he was "anti-educational" in terms of the lack of financial education taught in the American school system.
In 2015, advocating for the purchase of gold, Kiyosaki estimates in Manila that there will be a greater financial accident in 2016 that will be worse than the 2008 crash. The forecast does not materialize.
Bibliography
References
External links
- Official website
- Robert Kiyosaki on IMDb list
- Cashflow-Club Magdeburg of all known cashflow-clubs in germany, austria and switzerland (in German)
Source of the article : Wikipedia
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