Robert T Kiyosaki is an acclaimed motivational author, businessman, and investor. He is best known for his #1 New York Times best seller book Rich Dad Poor Dad.
He was born as Robert Toru Kiyosaki on April 8, 1947 in Hilo, Hawaii to a family of dedicated educators. After high school Robert moved to New York where he completed his education. Robert proceeded to join the U.S. Marine corps and served proudly in Vietnam as a helicopter gunship pilot.
Robert T Kiyosaki returned to his wife Kim after Vietnam and began working as a sales executive for the Xerox Company. In 1985 Kiyosaki founded a business and investment education company that taught to a large number of students throughout the world.
Since the Success of Rich Dad Poor Dad Kiyosaki has started his most promising business venture, CASH FLOW Technologies, Inc. His company is based around the sales of his literary products and CASH Flow game products.
Robert T Kiyosaki teaches his main philosophy of generating a passive income through real estate and small business ventures. He advocates high risk investments as the path to wealth and discourages investment in securities and mutual funds.
Although he has had great success as a motivational author and speaker much of his financial advice has been highly criticized and in some cases deemed dangerous.
For instance Robert T Kiyosaki has said that’s its better to stick with a few good investments rather than diversifying or investing in a 401k. At the same time he has been quoted in articles giving inaccurate financial advice. In response to his criticism Robert T Kiyosaki has stated that his materials are designed to motivate people to think differently about money not give them a step by step guide to wealth.
Furthermore he is constantly criticized for exaggerating facts in his materials. His own success as a businessman and investor prior to the Rich Dad Poor Dad phenomenon is always questioned. Even the existence of the “Rich Dad” in his book has never been factually verified.
Overall, Kiyosaki’s financial advice is best served to those that have money but have not begun investing and are looking to explore their options.
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