Robert Kiyosaki is an American investor, businessman, self-help author, motivational speaker, financial literacy activist, financial commentator, radio personality, and U.S. Marine.
Born on April 8, 1947, in Hilo, Hawaii, he is a fourth-generation Japanese-American. After graduating from Hilo High School, he enrolled at the U.S. Merchant Marine Academy in New York, graduating in 1969. After which, he worked on merchant ships, which allowed him to travel the world, exposing him to new cultures and new ways of life. He witnessed the extremes of poverty that people face around the world and those experiences left an overwhelming impact on him.
In 1972, during the Vietnam War, he served as a helicopter pilot in the Marine Corps. Two years later, he left the Marine Corps and moved to New York, to work for the Xerox Corporation, as a salesman for copy machines.
In 1977 he saved enough money to start a company that brought the first nylon Velcro surfer wallets to market. As a means to limit the cost of the wallets, he didn’t pay attention to the quality of the products and that led to a downfall in demand, creating a financial loss to the company.
Towards the beginning of the 1980s, he started a business that licensed t-shirts for heavy metal rock bands, such as Motley Crue. During this time, while business was booming, he invested in stocks and real estate. When the preference for heavy metal bands gave way to softer music, business declined and his debts increased. Eventually the company went broke and he was left penniless and homeless.
Not giving up on his endeavors, Robert believed that he had something to share with others. From his experiences and knowledge with the previous companies’ successes and failures, he wanted to help people. He wanted to teach them on how to avoid bankruptcy and achieve financial success.
He began working as a motivational speaker for a personal growth seminar business called Money and You, along with DC Cordova. The three-day seminar focused on teaching the works of Buckminster Fuller. Predominantly present in Canada and United States, the popularity of the business allowed them to spread to Australia and New Zealand.
As the popularity, growth, and universal appeal of this business venture turned profitable, Robert became a multi-millionaire and left Money and You in 1994 to take up early retirement, at the age of 47.
During his early retirement, he actively invested in stocks and real estate and spent a lot of time writing a book. 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 combining the two lines of beliefs to come up with a book which highlighted the teaching of both men that had influenced his life.
He collaborated with Sharon Lechter and together they co-wrote the first Rich Dad, Poor Dad book. However, they could not find a publisher so they decided on publish it themselves.
After three years of he came back from retirement and launched a business and financial education company called, Cashflow Technologies Inc. The company is co-owned by his wife, Kim Kiyosaki and co-writer Sharon Lechter; together they own and operate the brands, Rich Dad and Cashflow.
Rich Dad Poor Dad, was published in 2000; teaching readers the importance of building wealth through investments in real estate and starting a business. The book has sold over 26 million copies and received positive reviews from some critics. American talk show host and media mogul Oprah Winfrey endorsed the book on her show. Another celebrity supporter is actor Will Smith, who said he’s teaching his son about financial responsibility by reading the book.
American billionaire and 45th President of the United States Donald Trump has read and praised the book, comparing it to his own, 1987 literary debut of Trump: The Art of the Deal, which served as an inspirational book to Kiyosaki. Trump and Kiyosaki later did a collaboration in 2006 called Why We Want You To Be Rich, Two Men One Message and a second book called Midas Touch: Why Some Entrepreneurs Get Rich-And Why Most Don’t in 2011. American fashion entrepreneur and investor Daymond John has called the book one of his favorites.
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.
His first three books, Rich Dad Poor Dad, Rich Dad’s CASHFLOW Quadrant, and Rich Dad’s Guide to Investing, have been number one on the top 10 best-seller lists simultaneously on The Wall Street Journal, USA Today and the New York Times. It was the success of these books that propelled him to continue with the series which comprises of 15 books.
Some of Robert’s investments include metals and coins, oil, solar, real estate properties, including developments, resorts, condominiums, and golf courses.
He encourages all of his employees to start their own business, not because he wants them to stop working for him, but he wants them to have multiple income streams so that they too can be successful.
You can learn more about Robert’s products by going to RichDad.com.