Kiyosaki shared his six basic words of financial literacy and education: income, expense, asset, liability and lastly, cash flow. ![]() Robert Kiyosaki’s contributions to financial literacy Ultimately, “Cashflow Quadrant” encompasses one of Kiyosaki’s most-valued philosophies - that financial independence is king. In other words, you want to shift your income from active to passive. If you want to gain financial independence, you should develop the skills that will allow you to grow from being employed to being a business owner or investor. Kiyosaki believes that business owners and investors are the two quadrants that pave the way to financial freedom. Some people earn money from just one of these quadrants, while others may receive income from multiple avenues. He writes that the cashflow quadrant is made up of four sections, each of which generates income: Robert Kiyosaki’s 2011 book “Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom” describes the financial concept that Kiyosaki himself developed. More: Check out all Robert Kiyosaki books on Amazon The Cashflow Quadrant Outside of these, Kiyosaki has also co-authored two finance books with Donald Trump - “Why We Want You to be Rich” and “Midas Touch: Why Some Entrepreneurs Get Rich and Why Most Don’t.” “Capitalist Manifesto: How Entrepreneurs can Save Capitalism”.Some of Kiyosaki's most popular books include: Overall, Robert Kiyosaki has written 30 books. “Rich Dad, Poor Dad” was just the beginning of Kiyosaki’s prolific career as an author. More: 3 real assets Kiyoaki likes right now How many books has Robert Kiyosaki written? dollar will crash by 2023 and Fed, Treasury, or Wall Street.” Kiyosaki recently predicted that the U.S. That being said, gold is another one of Kiyosaki’s safe haven assets, along with Bitcoin. In a tweet, he stated: “I do not touch paper gold or silver ETFs. Recently, he tweeted that “silver is the best, lowest risk high potential investment.” According to Kiyosaki, silver currently offers the best investment value. ![]() Kiyosaki is a longtime proponent of investing in precious metals. Kiyosaki boasts of investing in safe havens, that is, prioritizing investments that hedge against inflation. With such a strong reputation as an investor, Robert Kiyosaki’s investment advice is coveted. Get Started What does Robert Kiyosaki invest in? In other words, you won’t be in charge of fixing freezers or managing noise complaints, but will still get to generate regular income and diversify your portfolio. The book has sold over 40 million copies and is a New York Times bestseller.Īrrived is an online platform where you can invest in shares of rental homes and vacation rentals without taking on the responsibilities of property management. The “rich dad” is allegedly the father of one of his childhood friends - a wealthy entrepreneur. ![]() The “poor dad” in the book is said to be Kiyosaki’s father, an educated professor with little money to his name. The book itself centers the task of getting rich around the comparative stories and advice of two dads - one rich, and one poor. In 1997, after seeing plenty of success with the game, Kiyosaki released the “Rich Dad, Poor Dad” book under the same brand as the board game. It started with a board game called “CashFlow” which set out to teach kids about financial freedom. He even wrote a book denouncing college education as a path to success in favor of investing in real estate - “If You Want to be Rich and Happy, Don’t go to School.”īut Kiyosaki’s true claim to fame (and riches) is the Rich Dad brand. After it took off, he sold the business and focused on investing in real estate. Kiyosaki co-founded the Excellerated Business School for Entrepreneurs in 1985.
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