As a kid in the 1950's and early 1960's, Robert Kiyosaki lived on the poor side of a sugar plantation town in Hawaii. His dad was a teacher, and rose to the top education job in government in Hawaii. But Robert's real dad, like most people, didn't understand how money works. Robert's best friend's dad, who he calls his "Rich Dad," was building a bunch of small businesses at the time, creating assets for the future. That man went on to become one of the richest men in Hawaii. As kids, Robert and his best friend asked Rich Dad to teach them about wealth.
Now, 50-some years later, Robert Kiyosaki and his wife Kim own 7,000 rental properties, as well as gold, silver, interests in oil drilling companies, and many other things. His investments provide a huge monthly income, he doesn't have to do anything he doesn't want to do. He could go fishing or play golf everyday, no matter what the economy does.
He writes books and teaches people about how money and finances work, because he knows how bad the system is rigged against average people, and that pisses him off. He knows where things are heading. Here he shares his views of the current bubbles in our financial world, he knows a huge crash is coming, and he's been teaching people financial education since 1997. This video gives a quick look at why most people are struggling these days, and I highly recommend watching it, and then reading Rich Dad, Poor Dad, and his other books that interest you at that point.
"Assets put money in your pocket, liabilities take money out of your pocket."
-Robert Kiyosaki's
fundamental understanding learned from Rich Dad.
Buy Rich, Poor Dad on Amazon. This is NOT a paid link.
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