Robert Kiyosaki by Gage Skidmore. Kiyosaki is the founder of the Rich Dad Company, a private financial education company that provides personal finance and business education to people through books and videos. Robert t kiyosaki before you quit your job pdf per the Forbes magazine, the company’s main revenues come from franchisees of the Rich dad seminars that are conducted by independent people using Kiyosaki’s brand name for a fee.
He is also the creator of the Cashflow board and software games to educate adults and children business and financial concepts. 51 languages, available in 109 countries and have combined sales of over 27 million copies sold worldwide. He has also been criticized for advocating the practices of debatable legality perceived as “get rich quick” philosophy. Kiyosaki was followed by his three siblings – sisters Emi and Beth, and his brother John. Naval Academy and the U. Bachelors of Science degree and a commission as a 2nd LT in the U. 1973 while he still was in the navy.
He was honorably discharged from the Marine Corps in June 1974. In 1977, Kiyosaki started a company called “Rippers”. The company brought to market the first nylon and velcro surfer wallets. The company eventually went bankrupt. The company went bankrupt in 1980.
USA for conducting seminars called Ernhard seminar trainings. They renamed it as a business education company teaching entrepreneurship, investing, and social responsibility. In 1994, Kiyosaki sold the education company. In his book, he encouraged parents not to send their children to college and instead to enter the real estate business, taking credit. The book and its message also appealed to a number of youngsters who dropped out of college based on the advice given in the book and earned Kiyosaki spots in popular talk shows where he propagated his message. Kiyosaki tied up with Amway to further promote his book.
Kiyosaki’s main earnings come through franchisees of the Rich dad seminars. In an interview with CBC, he described his books as an advertisement for his higher priced seminars. In 2012, Kiyosaki again filed for bankruptcy. Kiyosaki operates other external business ventures and investments. Kiyosaki asserts that he makes 2 million USD in cash flow per month tax free from all his businesses and investments. Kiyosaki is involved with the apartment business and owns over 1400 units of apartment houses. 2015 portfolio of distressed properties during the downturn.
17 million apartment complex in Tulsa, Oklahoma. 46 million Arizona landmark resort with 5 golf courses that was in foreclosure at a bankruptcy court. 250,000 in monthly cash flow. 300 million mortgage at 2. 5 percent on one of his apartment complex investments.
In May 2016, Kiyosaki stated he controls over 10,000 apartment units producing over one million dollars in cash flow every month. Kiyosaki has been in the oil business since the late 1990s. He owns a number of oil drilling operations and oil wells in Texas, Louisiana, and Oklahoma. In 2013, Kiyosaki invested in three new oil wells at a 10 percent stake. In late 2015, Kiyosaki amassed a portfolio of 400 privately controlled oil wells.