Robert Kiyosaki
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Why Some People Are Richer Than Others
I was speaking on financial intelligence a while back to a group of university professors in Singapore. At the end of the talk, one of the professors asked me:”Where did you learn about business and why do some people make more money than others?”Responding to the first half of his question, I referred to my book Rich Dad Poor Dad and explained to him that I had a father who was just like him, a respected and highly intelligent career educator.My other dad, my best friend’s father, who also spent many years raising me, was a school dropout, but was…
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The Very Last Resort: Bankruptcy
Over the last ten years, consumer debt has doubled in the United States prompting 1.6 million Americans to file for bankruptcy in 2004 (USA Today). President George W. Bush has signed the biggest rewrite of US bankruptcy law in a quarter of a century, making it harder for debt-ridden Americans to wipe out their obligations. Bankruptcy is at an all-time high right now because people see it as an easy way out. I know first-hand the appeal of this “easy way out.” In Rich Dad’s Prophecy, I explain how in 1979, I was thirty-two years old and struggling to keep…
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Security vs. Freedom…It’s Your Choice
Most of us would like to believe we can have both security and freedom. But in Rich Dad terms, these are two opposing values. My rich dad said, “Freedom and security are not the same ideals. In fact, in many ways, freedom and security are exact opposites. The people who have the most security are people in prison. Prisoners have the least freedom and the highest security. People in prison do not need to provide housing, food, recreation, health care, or education for themselves. They have a lot of security but at the price of their freedom.”One advantage of living…
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How Fast is Your Money Moving?
For years, I choked when I heard such a question. I choked because I was at a loss for words. I was at a loss for words because such a simple question does not have a simple answer.So the answer I came up with was, “It depends.”I tried this answer for awhile and soon noticed that this answer was unsatisfactory not only to the person asking the question – but also to me…Looking for a new answer, I came up with, “If you do not know what to do with your money, put it in a bank far away from…
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Building a Pipeline to Wealth: The Cashflow Quadrant
Each of us resides in at least one of the four Quadrants of the CASHFLOW Quadrant.Where we are is determined by where our main source of income comes from. Many of us rely on paychecks and are therefore employees, while others are self-employed.Employees and self-employed individuals reside on the left side of the CASHFLOW Quadrant. The right side of the CASHFLOW Quadrant is for individuals who receive their cash from businesses or investments they own.My Rich Dad told me a simple story when I was 12 years old that has guided me to great wealth and financial freedom. It was…
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Bad News Is Good News
When you look at the CASHFLOW Quadrant below, there is much more than meets the eye.Each person in each quadrant is very, very different. In other words, on the surface, we all look like human beings. But once you go beneath the skin, the core differences between an E (employee)and an I (investor) or an S (self employed or small business owner) and a B (big business owner over 500 employees) are extreme. While hanging Quadrants is possible, the change is not always easy, simply because the core make-up of the person in each Quadrant is so very different.The Investor…
