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The Story of Robert Kiyosaki: Founder of Rich Dad, Poor Dad.


By FaizPublished 6 months ago 3 min read

Robert Kiyosaki was born on April 8, 1947, in Hilo, Hawaii. He grew up in a family that struggled financially, but he didn't let his circumstances hold him back. Kiyosaki's father, Ralph Kiyosaki, was a highly educated man with a Ph.D. in education, but he struggled financially throughout his life. In contrast, Kiyosaki's best friend's father, who he referred to as his "rich dad," was an entrepreneur who became wealthy through real estate investing. Kiyosaki learned valuable financial lessons from both his fathers, and it inspired him to become an entrepreneur and investor himself.

Kiyosaki attended the United States Merchant Marine Academy after high school, where he learned about business and investing. He then served in the U.S. Marine Corps and went on to work for the Xerox Corporation. However, he quickly realized that working for someone else wasn't going to make him wealthy. So, he started his own business selling wallets and other small items.

Kiyosaki's first successful business was a nylon and Velcro wallet company called "Nylon Velcro Wallets," which he started in 1977. The business was successful for a while, but he eventually sold it to pursue his passion for investing in real estate. He began investing in properties in Hawaii, but it wasn't until he moved to California in the 1980s that his real estate investing really took off.

In California, Kiyosaki and his wife Kim started investing in real estate using creative financing strategies, such as lease options and seller financing. They were able to accumulate a large portfolio of properties, and their net worth grew quickly. Kiyosaki also started teaching others about his investing strategies, and he wrote his first book, "If You Want to Be Rich and Happy, Don't Go to School," in 1992. The book was a self-published success, and it laid the groundwork for his future work.

In 1997, Kiyosaki wrote the book that would make him a household name: "Rich Dad, Poor Dad." The book was based on the lessons he learned from his two fathers, and it presented a unique perspective on personal finance and investing. Kiyosaki's "rich dad" had taught him that the key to wealth was to acquire assets that generate passive income, such as rental properties and stocks, while his "poor dad" had taught him to focus on getting a good job and saving money.

"Rich Dad, Poor Dad" became an instant bestseller and has since sold over 32 million copies worldwide. Kiyosaki went on to write over 20 more books on personal finance and investing, including "Cashflow Quadrant," "The Business of the 21st Century," and "Fake: How Lies Are Making the Poor and Middle Class Poorer." He also started the Rich Dad Company, which offers financial education through books, games, and seminars.

Despite his success, Kiyosaki has faced criticism and controversy over the years. Some critics have accused him of promoting risky and irresponsible investing strategies, while others have questioned his credibility and the accuracy of his teachings. However, Kiyosaki remains a popular figure in the world of personal finance and investing, and his books and teachings have inspired countless people to take control of their finances and pursue their dreams.

In conclusion, Robert Kiyosaki's journey to becoming the founder of Rich Dad, Poor Dad was one of hard work, perseverance, and a desire to learn from the experiences of those around him. Through his books and teachings, Kiy

That is the story behind the Robert Kiyosaki life.

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