Robert Kiyosaki was born on April 8,1947 in Hawaii. He is married to Kim Kiyosaki. He is a well known speaker and author with expertise in the finance industry. He is best known for the Rich Dad Poor Dad series which includes books and audio material. The series also has hands on exercises for the user to enjoy and learn from. Robert and Kim do some speaking events together. Other Robert Kiyosaki books are about investing and other financial concepts. He even has a book focused on teaching kids how to handle money. His books can be found on his website or at most book retailers.
Robert Kiyosaki has given financial advice to thousands if not millions of people seeking help with their finances. The story behind the Rich Dad Poor Dad series is relating between the mentality and what was taught from Robert’s rich and poor dads. He mentions how the two dads gave him conflicting advice and stresses how important it is to understand the differences in the two mentalities. He better explains the advice given to him by the two dads in a cash flow diagram.
The Robert Kiyosaki cash flow quadrant is a tool he uses to explain how income is earned. The cash flow quadrant groups everyone into one or more group based off of the letters E, S, B, and I. E stands for employee. S represents the self employed or small business owners. B stands for business owner and I stands for investor. The difference between the I or small business owner and the B or business owner is that the big B has a business with more than five hundred employees. The quadrant explains the varying mindsets of each type of person represented.
Robert Kiyosaki talks about making passive income as a means of obtaining wealth. He focuses on key financial strategies that are not taught in the classroom. Some Robert Kiyosaki quotes related to this are ”Academic qualifications are important and so is financial education. They’re both important and schools are forgetting one of them.” and “The future is created by what you do today, not tomorrow”. Kiyosaki encourages investing in real estate and other commodities and becoming a business owner. His website has tools such as a financial calculator and a cash flow game that people can access for free. The website also has an online community with a blog and podcasts.