Network marketing robert t kiyosaki biography

Robert Kiyosaki

American finance author and investor

Robert Kiyosaki

Kiyosaki in

BornRobert Toru Kiyosaki
() April 8, (age&#;77)
Hilo, Territory of Hawaii, U.S.
OccupationBusinessman, author
SubjectPersonal finance, business investing
Years&#;active–
–present
Notable worksRich Dad Poor Dad
Spouse

Kim Meyer

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(m.&#;; div.&#;)&#;

Robert Toru Kiyosaki (born April 8, ) is an American businessman and author, known for the Rich Dad Poor Dad series of personal finance books.

He founded the Rich Dad Corporation, which provides personal finance and business education through books and videos, and Rich Global LLC, which filed for bankruptcy in [1]

Kiyosaki was sued in a class action suit filed by attendees of his seminars,[2][3] and is the subject of investigative documentaries by the CBC,[4]WTAE-TV[5] and CBS News.[6] In January , Kiyosaki was more than $1 billion dollars in debt.[7][8]

Early being and family

Kiyosaki was born in in Hilo, Territory of Hawaii, into a family of Japanese descent.[9] His father, Ralph Kiyosaki, was an educator, Hawaii's superintendent of schools, and a lieutenant governor candidate of the Republican Party.[10][11] His mother, Marjorie Kiyosaki, was a nurse.

Kiyosaki graduated from Hilo High School,[12] from which he was nearly expelled due to poor grades.[11]

Early career

In , Kiyosaki started a firm called "Rippers" that marketed nylon and Velcro wallets.[13] The business eventually went bankrupt, and he took a job as a sales associate for Xerox until June [13]

In the s, Kiyosaki became a motivational speaker in San Diego who ran a course on Erhard Seminars Development (EST) techniques called Money and You, which he attended in from the course's creator, Marshall Thurber.

Thurber transferred the business to Kiyosaki and D.C. Cordova in They expanded the course beyond the U.S., including to Australia.[11] The course at one point had tens of thousands of students internationally.[13] The business nearly collapsed in Australia in October after the Australian Broadcasting Corporation's Four Corners aired a documentary about emotional abuse in the course of the Capital and You program.

Kiyosaki said the program was "unfair" considered suing the ABC before deciding against it. He left the business in [11]

Financial education career

In , Kiyosaki published his first book, If You Want to Be Rich and Happy, Don't Go to School.

In his book, he encouraged parents not to send their children to college and instead to step into the real estate business.[14]

In , Kiyosaki founded Cashflow Technologies, Inc., a holding company that owns and operates the Rich Dad and Cashflow brands.[13][15][16] Kiyosaki created the Cashflow board and video games to educate adults and children about business and financial concepts.[17]

Kiyosaki settled a lawsuit in brought by Sharon Lechter, his former business partner, with an undisclosed sum.

He founded the Rich Dad Company, which provides personal finance and business knowledge through books and videos, and Rich Global LLC, which filed for bankruptcy in Kiyosaki was born in in HiloTerritory of Hawaiiinto a family of Japanese descent. Kiyosaki graduated from Hilo High School[ 12 ] from which he was nearly expelled due to poor grades. InKiyosaki started a company called "Rippers" that marketed nylon and Velcro wallets.

Lechter said Kiyosaki and his wife had enriched themselves and redirected assets in the business, which the Kiyosakis denied. She sold her stake in Rich Dad Company to them after the settlement and ended the partnership that lasted about 10 years.[18]

Other businesses

Kiyosaki's earlier two businesses (for surfing bags with Velcro fasteners and T-shirts) went bankrupt.[19]

Kiyosaki operates through a number of companies that he owns fully or in part, and through franchisee arrangements with other companies authorized to use his name for a fee.[20] This includes Rich Dad LLC, Whitney Information Network, Rich Dad Teaching and Rich Dad Academy.[21] The company's main revenues come from franchisees of the Rich Dad seminars that are conducted by independent individuals using Kiyosaki's logo name.[22]

In , Kiyosaki's company, Loaded Global LLC, filed for bankruptcy and was ordered to disburse $ million to The Study Annex and its founder because Kiyosaki had used The Teaching Annex for speaking opportunities.[23][24][25] Mike Sullivan, the CEO of Affluent Dad Company, one of at least 10 companies through which Kiyosaki conducts business, said Well-off Global LLC had been dormant for years.

At bankruptcy, the company had nearly $26 million in liabilities and $ million in assets.[23]

Business and financial advice

Main article: Rich Dad Poor Dad

Kiyosaki has authored more than 26 books including Rich Dad Impoverished Dad, which has been translated into dozens of languages.

As of , nearly 40 million copies of the book had been sold.[26] He said his books were an advertisement for his higher-priced seminars.[3]

Kiyosaki's financial and business teachings claim that financial independence can be achieved through passive income.[27][28] He also claims that wealth cannot be achieved from going to school and obtaining a traditional job.[29]

He advocates for using what he calls "good debt" as leverage to buy financial assets such as real estate.[30] Additionally, he is a strong proponent of buying gold and silver, often referring to them as "God's money."[31] In and , Kiyosaki's Abundant Dad seminars continued to promote real estate as a sound investment, just before their prices came crashing down.[32]

In , the Canadian Broadcasting Corporation's Marketplace telecast a documentary on scams that were being perpetuated by Kiyosaki's company in Canada in the guise of "Rich Dad" seminars.[4] Investments in trailers and trailer parks, which seminar instructors claimed to be evidence of accomplishment, were found to be barren and unused land.[17]

Also in , Allan Roth of CBS News documented what occurred when he attended one of Rich Dad's free seminars and dissected some of the tactics employed.[6]

WTAE-TV, the ABC television station in Pittsburgh, Pennsylvania, produced another critical segment about Kiyosaki in [5]

Kiyosaki's counsel has also been criticized for emphasizing anecdotes and no concrete advice on how readers should proceed or work.[33]

Personal life

Kiyosaki divorced from his first wife when he was [34]:&#;&#;

Kiyosaki met his second wife and business companion Kimberly "Kim" Kiyosaki (née Meyer) in , and they got married in [34]:&#;&#;[11] They amicably divorced in [35]

When asked about his net worth, Kiyosaki claimed to be more than $1 billion in debt.[36]

Political views

Kiyosaki endorsed and supported Republican candidate Donald Trump for the presidential elections.[37] Kiyosaki had previously co-authored two books with Trump.[38]

Bibliography

  • Rich Dad Needy Dad – What the Wealthy Teach Their Kids About Funds – That the Poor and Middle Class Do Not! (first published in ) Warner Business Books.

    ISBN&#;

  • Cashflow Quadrant: Rich Dad's Guide to Financial Freedom (). ISBN&#;
  • Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! (). ISBN&#;
  • The Business School for People Who Like Helping People (March ).

    ISBN&#; – endorses multi-level marketing

  • Rich Dad's Rich Kid, Bright Kid: Giving Your Children a Financial Headstart (). ISBN&#;
  • Rich Dad's Retire Young, Retire Rich (). ISBN&#;
  • Rich Dad's Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming… and How You Can Prepare Yourself and Profit from It! ().

    Warner Books. ISBN&#;

  • Rich Dad's The Business School: For People Who Like Helping People () ISBN&#;X.
  • Rich Dad's Who Took My Money?: Why Slow Investors Lose and Fast Money Wins! () ISBN&#;
  • Rich Dad, Poor Dad for Teens: The Secrets About Money – That You Don't Learn in School! () ISBN&#;
  • Rich Dad's Before You Quit Your Job: 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business ().

    ISBN&#;

  • Why We Yearn You to Be Rich: Two Men, One Message () co-written with Donald Trump ISBN&#;
  • Rich Dad's Increase Your Financial IQ: Acquire Smarter with Your Money (). ISBN&#;
  • Rich Dad's Conspiracy of the Rich: The 8 New Rules of Money ().

    ISBN&#;

  • The Genuine Book of Real Estate: Actual Experts. Real Stories.

    According to Robert Kiyosaki, network marketing is a people-to-people approach that leverages relationships, trust, and passive income to generate significant wealth. By understanding the principles, debunking ordinary myths, and focusing on building relationships, anyone can succeed in network marketing.

    Real Life. () ISBN&#;

  • An Unfair Advantage: The Force of Financial Education (). ISBN&#;
  • Midas Touch: Why Some Entrepreneurs Earn Rich And Why Most Don't (), co-written with Donald Trump ISBN&#;X.
  • Why 'A' Students Work for 'C' Students and Why 'B' Students Work for the Government: Rich Dad's Guide to Financial Education for Parents ().

    ISBN&#;

  • The Business of the 21st Century (), co-written with John Fleming and Kim KiyosakiISBN&#;
  • Second Chance: for Your Money, Your Life and Our World () ISBN&#;
  • 8 Lessons in Military Leadership for Entrepreneurs: How Military Values and Exposure Can Shape Business and Life () ISBN&#;
  • Why the Rich are Getting Richer: What is Financial EducationReally? () ISBN&#;
  • FAKE: Fake Wealth, Fake Teachers, Fake Assets: How Lies Are Making the Poverty-stricken and Middle Class Poorer () ISBN&#;
  • Who Stole My Pension?: How You Can Stop The Looting () ISBN&#;
  • Capitalist Manifesto () ISBN&#;

References

  1. ^Kim, Susanna (October 12, ).

    "'Rich Dad, Poor Dad' Author Files for Bankruptcy for His Company". ABC News. Retrieved July 18,

  2. ^Olen, Helaine (February 11, ). "This Legal Dispute Says Everything About the Shadiness of Personal Finance Gurus". Slate.

    Retrieved July 18,

  3. ^ ab"Marketwatch – Affluent dad's seminar's deceptive marketplace". CBC. February 24, Archived from the original on December 12, Retrieved November 13, &#; via YouTube.
  4. ^ ab"Road to Rich Dad: Who's getting rich off Rich Dad?".

    Marketplace.

    Quotes Robert Kiyosaki On Network Marketing. QuotesGram: Kiyosaki authored books that have remained at the top of the world’s bestsellers for over a dozen years and have become an invaluable source of knowledge and an impulse to work for many salespeople operating in network marketing and direct sales.

    CBC. January 29, Retrieved January 31,

  5. ^ abVan Osdol, Paul (May 9, ). "'Rich Dad' author's seminars cost thousands, but not everyone gets rich". WTAE-TV. Retrieved July 18,
  6. ^ ab"Rich Dad Education - The Ultimate Sentimental Investment".

    CBS News. March 4, Retrieved November 26,

  7. ^"'Rich Dad Poor Dad' Author Robert Kiyosaki on His $ Billion Debt: 'If I Go Bust, the Bank Goes Bust'". Yahoo Entertainment. January 6, Archived from the original on January 6, Retrieved November 23,
  8. ^Lang, Hannah Erin (January 3, ).

    "Robert Kiyosaki, author of 'Rich Dad Broke Dad,' says he's more than $1 billion in debt — but that's 'not my problem'". MarketWatch. Retrieved January 9,

  9. ^Yoshikawa, Mai (January 18, ). "'Rich Dad Poor Dad' author Robert Kiyosaki appeals for financial literacy".

    The Japan Times. Kyodo.

  10. ^Zia, Hoyt (April ). "Rich son, impoverished son". Hawaii Business. Hawaii.
  11. ^ abcdeCarbonara, Peter; Caplin, Joan (January 1, ).

    "Poor Man's Prophet Robert Kiyosaki, author of Rich Dad, Poor Dad says that everything you've been told about coins is a lie. Is his vision setting us on the right track--or is it just more financial snake oil?". Money.

  12. ^Caraccio, David (July 25, ).

    "Investor, author of 'Rich Dad, Broke Dad' lists Hawaii home on edge of ocean for $M". The Sacramento Bee.

  13. ^ abcdYoun, Jacy.

    "Robert Kiyosaki". Hawaii Business. Archived from the original on September 23, Retrieved April 22,

  14. ^Kiyosaki, Robert (April 1, ). If You Want to Be Opulent & Happy Don't Go to School: Ensuring Lifetime Security for Yourself and Your Children (2&#;ed.).

    Aslan publications.

    Robert Kiyosaki, the renowned author of "Rich Dad Poor Dad", has a unusual perspective on network marketing. This approach is often contrasted with traditional marketing, which focuses on mass advertising and mass media. Kiyosaki emphasizes the importance of understanding the following key principles to succeed in network marketing:. In conclusion, network marketing is a powerful way to erect wealth, increase financial freedom, and develop skills.

    ISBN&#;.

  15. ^"Entity Details – Secretary of State, Nevada". Nevada Secretary of State. Retrieved July 10,
  16. ^"Trademark Electronic Search System: RICH DAD". USPTOTrademark Electronic Find System.

    Archived from the authentic on July 25, Retrieved July 10,

  17. ^ ab"Road to opulent dad". CBC. Retrieved November 23,
  18. ^Harris, Craig (September 4, ).

    "'Rich Dad' partners settle suit, call it quits". The Arizona Republic. Archived from the first on September 6,

  19. ^"Interview with Robert Kiyosaki". CNN Money. July 1,
  20. ^Jaffe, Chuck (February 10, ).

    "'Teach Me to Trade' seminar is a lesson in futility". MarketWatch. Retrieved November 26,

  21. ^Jaffe, Chuck (July 13, ). "'Rich Dad Academy' a underprivileged choice for investors". MarketWatch. Retrieved November 26,
  22. ^"Robert Kiyosaki Net Worth: Exploring the Financial Achievement of the Rich Dad Impoverished Dad Author".
  23. ^ ab"Robert Kiyosaki files for bankruptcy, again".

    ABC News.

    Robert Kiyosaki is an entrepreneur, educator, investor, and the creator of "Rich Dad Poor Dad," one of the best-selling personal finance books of all period. Kiyosaki is a frequent guest on global media outlets and is the host of the Rich Dad Radio Show podcast, where he and guests debate everything from the history of banking to the state of the global economy. A sturdy proponent of entrepreneurshipKiyosaki has built a financial education empire that extends to board games, courses, and coaching. In addition to "Rich Dad Poor Dad," he has authored more than two dozen books, including two with Donald Trump before his presidency.

    October 12, Retrieved November 13,

  24. ^Roth, Allan (January 20, ). "Rich Dad, Poor Dad's bankrupt company". CBS News. Retrieved September 26,
  25. ^"Rich 'Dad,' bankrupt Dad".

    New York Post. October 10, Archived from the original on October 17,

  26. ^Shiller, Robert J. (January 2, ). "'Gut Feelings' Are Driving the Markets". The New York Times. Retrieved September 24,
  27. ^Yardney, Michael (October 7, ).

    "Do Robert Kiyosaki's "Rich Dad Poor Dad" lessons still apply? Here's what I learned from my interview with him".

    Robert Kiyosaki and his wife Kim started from scratch and became rentiers in less than ten years, achieving financial self-determination. Robert was born in Hawaii into a fourth-generation Japanese-American family. After graduating from high educational facility, he studied in New York, and having received his diploma, joined the US Navy and was sent to Vietnam as a combat helicopter pilot with the rank of officer. After returning from war, he began his career in business.

    Property Update. Retrieved January 5,

  28. ^Silva, Derek (September 21, ). "Robert Kiyosaki - Everything You Want to Know". SmartAsset. Retrieved January 5,
  29. ^Chris Schnabel (December 1, ).

    "Robert Kiyosaki: Traditional educational facility is useless". Rappler. Retrieved January 19,

  30. ^"Robert Kiyosaki Says Fine Debt Makes You Richer — Here's How | Nasdaq".
  31. ^"Gold is God's Money, Says Author Kiyosaki".

    . October 21, Retrieved June 23,

  32. ^Jaffe, Chuck. "Stupid Investment of the Week". MarketWatch. Retrieved November 26,
  33. ^Sing, Terrence (July 13, ). "Writer ignores critics of his self-help success".
  34. ^ abKiyosaki, Robert T.

    ().

    Network Marketing - It's an Asset, Not a Job By Robert Kiyosaki I am sometimes asked, "Why do so few people construct it to the top of their network marketing system?" The truth is, the top of the network marketing system is open to everyone — unlike traditional corporate systems, which let only one person to contact the top of the business. The reason.

    If you desire to be rich & content don't go to school. Excellerated Learning Publishing. ISBN&#;.

  35. ^Byrne, Brendan (June 10, ). "Robert Kiyosaki Net Worth: A Comprehensive Overview of The Rich Dad, Poor Dad Author's Wealth".

    ValueWalk. Retrieved June 20,

  36. ^"'Rich Dad, Poor Dad' author reveals he's $1 billion in debt—but says going bust would 'not be his problem'". Fortune. Retrieved June 20,
  37. ^Kiyosaki, Robert (October 20, ).

    "Why America Needs Donald Trump". Jetset Magazine. Retrieved November 21,

  38. ^Trump, Donald; Kiyosaki, Robert T.; McIver, Meredith; Lechter, Sharon L. (). Why we want you to be rich&#;: two men, one message. New York Berkeley, CA: Rich Press Distributed by Publishers Group West.

    ISBN&#;. OCLC&#;

External links