Robert Kiyosaki
Robert Kiyosaki is a renowned entrepreneur, educator, and investor. With perspectives on money and investing that often contradict conventional wisdom, Kiyosaki has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education.
- Author of the "Rich Dad, Poor Dad" book series
- Now writes for Agora Financial (2018)
- Co-Authored a book with Donald trump
- Recommended people change (improve) themselves vs. focus on fixing the government
- Believes that your investments should generate cashflow to pay you first
- Use your income to buy cash-flow producing assets before buying things you want (but don't need)
- Believes that financial education is a must
- Believes that your house is not an assets - it is a place to live
- You should not rely on it for investment / capital appreciation
- Believes that most american live in financial la-la land
- They are clueless about finance and money
- Don't understand debt (their own or at a national level)
- They expect the government will take care of them (but the government is going broke)
4 Foundations of Financial Liberty
- Assets and Liabilities are very different
- Assets provide you with new money (cashflow)
- Rental Property = generations cashflow for you
- Liabilities drain money from you
- Cash Flow vs. Capital Gains
- Leverage Debt & Taxes to Get Richer
- Utilize the tax code to invest in ways that minimize tax
- Make Your Own Financial Decisions
- Don't follow the crowd - set new trends