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Robert T. Kiyosaki: Personal Finance Expert and Best Selling Author of Rich Dad Poor Dad

Today, I will be bringing to you, the profile of my most respected mentor. His name is Robert Kiyosaki; an entrepreneur, investor, personal finance expert and best selling author of “Rich Dad Poor Dad.” He is probably one of the most criticized personalities in history. If you are opportune to hear Robert T. Kiyosaki speak or read his book Rich Dad Poor Dad, you are bound to either love him or hate him.

People without financial knowledge, who take advice from financial experts, are like lemmings simply following their leader. They race for the cliff and leap into the ocean of financial uncertainty, hoping to swim to the other side.” – Robert Kiyosaki

When it comes to rating my mentors, He is unquestionably number one. Why? The reason is because he has influenced my life the most. I love his style of teaching; rather than directly giving you the answer you seek, he will inspire you challenge your thoughts and believe. Intend, you will end up discovering the answer you seek all by yourself………. let’s leave my own story and go over to Robert Kiyosaki for some true life lessons.

 Robert T. Kiyosaki: Personal Finance Expert and Best Selling Author of Rich Dad Poor Dad

In today’s rapidly changing world, the people who are not taking risk are the risk takers.” – Robert Kiyosaki

Robert Kiyosaki was born in 1947 and raised in Hawaii. His biological father, a man he referred to as “Poor Dad” was the superintendent of education for the state of Hawaii. At the age of nine, he had a conversation with his friend’s father; a man he chose to call his “Rich Dad.” The encounter with Rich dad turned his life around and his entrepreneurial spirit was stirred up. In a bid to learn how to make money, he started his first business at the age of nine and failed. His second business also failed at the age of nine. His entrepreneurial process began with these two business failures; a journey into the world of business challenges.

The size of your success is measured by the strength of your desire, the size of your dream and how you handle disappointment along the way.” – Rich Dad

After graduating from college in New York, Robert Kiyosaki took a job with Standard Oil as a sailor but his job with Standard Oil was short-lived as he resigned to join the Marine Corps and serve in Vietnam as an officer and gunship pilot. After the war in 1976, Robert Kiyosaki took a job at Xerox Corporation as a sales man.

In 1977, Robert Kiyosaki started a company that brought the first nylon and Velcro surfer wallet to the market. He left Xerox Corporation in 1978 to run his business full time. The business boomed and made Robert Kiyosaki and his partners a lot of money. In 1979, the nylon and Velcro Company crashed, his two partners moved on to other businesses and he was left alone to rebuild the company. Two new partners came on board and together, they rebuilt the business in 1981 and made themselves a lot of money. In late 1983, Robert Kiyosaki decided it was time to move on, so he left the nylon and Velcro Company to his partners and walked away without asking for financial compensation.

Starting a business is like jumping out of an airplane without a parachute. In mid air, the entrepreneur begins building a parachute and hopes it opens before hitting the ground.” – Rich Dad

Robert Kiyosaki later founded an international education company in 1985 that taught business and investing to thousands of people throughout the world. In 1994, Robert Kiyosaki sold the education company and through his strategic investments, he was able to retire at the age of 47.

During his short-lived retirement, Robert Kiyosaki wrote “Rich Dad Poor Dad” which turned out to be one of the most controversial books in history and it has sold over 20 million copies worldwide. The book was so successful that it was inducted into the Amazon Hall of Fame and it also made the New York Times best sellers’ list amongst others.

Today, the Rich Dad Company which was founded by Robert Kiyosaki is a multi million dollar company operating in over 100 countries and touching millions of lives.

Robert T. Kiyosaki: Personal Finance Expert and Best Selling Author of Rich Dad Poor Dad

3 Entrepreneurial Lessons to learn from Robert Kiyosaki.

1)            Know what you want in life

I intend to be the richest man in the world.” – Howard Hughes

At the age of nine, Robert Kiyosaki made up his mind to become an entrepreneur. He set the goal to become a multi millionaire before the age of 30. Have you decided what you want to be? Do you have a goal? Have you set a target?

“Singleness of purpose is essential for success in life.” – John D. Rockefeller

The reason I am asking these questions is because, I have come across people even entrepreneurs and business owners operating without set goals. They can’t even picture where they will be five years from now. If you want to succeed in life, setting goals is a must.

2)            Use every opportunity you have to increase your business skills

“Skills make you rich, not theories.” – Rich Dad

I think it’s worthwhile you know that Robert Kiyosaki attended the Merchant Marine Academy and joined the Marine Corps to gain leadership skills. In business, your ability to lead your team and employees effectively will determine how well your business will perform.

In business, leadership skills is not an option, it’s a must.” – Rich Dad

Kiyosaki worked for Xerox Corporation as a sales man for four reasons

  • To learn how to sell
  • To overcome shyness
  • To overcome the fear of rejection
  • To increase his communication skill

He also attended several personal development, business and investment seminars to build his mental capacity. Now that’s for Robert Kiyosaki, what about you? What business skill have you picked up along the way? What price are you prepared to pay for knowledge? I think that’s left for you to answer.

3)            Stick to the process

Robert Kiyosaki was determined to stick to the process to achieve his goal of becoming a multi millionaire before the age of 30. Though he has zoomed past that goal, I think it’s worthwhile we learn something from him and that is Commitment, ability to remain steadfast even in the face of failure and uncertainty.

In conclusion, one thing I love about Robert Kiyosaki and have decided to emulate is “his ability to learn quickly from his mistakes” I think it is a character worth emulating.

 

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