How did Robert Kiyosaki make his money? (2024)

How did Robert Kiyosaki make his money?

Kiyosaki is a cash-flow investor who focuses on real estate to achieve his financial goals. In his world view, you want to generate enough passive income to cover all of your expenses, including the discretionary ones. For Kiyosaki, that is primarily accomplished through cash-generating real estate.

(The Rich Dad Channel)
What are the 4 ways of making money Robert Kiyosaki?

In the Robert Kiyosaki Cashflow Quadrant, he teaches the four ways people make money:
  • Employee.
  • Sole Proprietor/self-employed.
  • Business Owner.
  • Investor.

(Video) How Robert Kiyosaki REALLY Built His Fortune
How does Robert Kiyosaki use debt to build wealth?

His approach involves using debt strategically to enhance wealth. Kiyosaki categorizes debt into good debt and bad debt, with good debt being that which helps build wealth, such as loans used for acquiring income-generating assets like real estate, businesses or investments​​.

(Video) How to Make Money Without Working - Robert Kiyosaki
(The Rich Dad Channel)
What does Kiyosaki say about money?

Kiyosaki believes that rich people buy assets, and middle-class and poor people buy liabilities that they think are assets. Simply put, assets put money into your pocket and liabilities take it out.

(The Rich Dad Channel)
How much money do I need to invest to make 1000 a month?

In a market that generates a 2% annual yield, you would need to invest $600,000 up front in order to reliably generate $12,000 per year (or $1,000 per month) in dividend payments. How Can You Make $1,000 Per Month In Dividends? Here are the steps you can take to build yourself a sufficient dividend portfolio.

(Video) 7 Rich Dad Lessons for Getting Rich - Robert Kiyosaki
(The Rich Dad Channel)
Why is Robert Kiyosaki so successful?

Robert has gained prominence for his expertise in financial management and strategic real estate investments. He is the founder of Rich Global LLC and the Rich Dad Company, a private financial education firm that delivers personal finance and business instruction through books and videos.

(Video) 8 Assets That Make People Rich and Never Work Again - Financial Freedom, Passive Income, Cash Flow
(Retire Rich)
What methods did Robert Kiyosaki use to buy real estate?

The BRRRR method was created by Robert Kiyosaki in his book “Rich Dad Poor Dad” and is used by many real estate investors today. The BRRRR method is an acronym that stands for Buy, Rehab, Rent, Refinance and Repeat.

(Video) Robert Kiyosaki: How to Get Rich in 2023
(Business Motiversity)
What are the three types of money Robert Kiyosaki?

Earned, Portfolio, Passive. So earned income is if I get a job, that's Earned Inc. If I'm a doctor or a programmer, that's earned income because I'm working for it. If I buy, let's say, Apple for 10 and I sent it for 20, that's portfolio income, capital gains.

(Video) RICH VS POOR MINDSET | An Eye Opening Interview with Robert Kiyosaki
What is the best passive income for Robert Kiyosaki?

Robert Kiyosaki's teachings offer a roadmap to financial freedom through diverse passive income streams. His top six assets for 2024 — real estate, dividend stocks, business ownership, intellectual property, paper assets, and covered call strategies — provide a comprehensive approach to building wealth.

(Video) Games Teach Us | Robert Kiyosaki
(Winners Motivation)
How to pay off bad debt Robert Kiyosaki?

If you have credit card debt, use only one or two cards and pay off all new charges each month. 2. Earn an extra $150-$250 per month and use it to pay off one card. (Kiyosaki says if you can't earn an extra $150 per month, the B and I categories are probably not for you.)

(Video) My thoughts on Robert Kiyosaki
(Graham Stephan)

What was Robert Kiyosaki's famous quote?

The thing I always say to people is this: 'If you avoid failure, you also avoid success. ' The richest people in the world look for and build networks; everyone else looks for work.

(Video) How To Invest With NO MONEY Down: Turn $0 Into Infinite Returns -Robert Kiyosaki (Millennial Money)
(The Rich Dad Channel)
How do rich people use debt to get richer?

Some examples include: Business Loans: Debt taken to expand a business by purchasing equipment, real estate, hiring more staff, etc. The expanded operations generate additional income that can cover the loan payments. Mortgages: Borrowed money used to purchase real estate that will generate rental income.

How did Robert Kiyosaki make his money? (2024)
What is the lesson of Robert Kiyosaki?

5 Best Money Lessons From Robert Kiyosaki
  • “Intelligence solves problems and produces money, but money without financial intelligence is quickly lost.” – “Rich Dad, Poor Dad” ...
  • “An asset is something that puts money in your pocket and a liability is something that takes money out of your pocket.” – “Rich Dad, Poor Dad”
Oct 25, 2023

What does Robert Kiyosaki mean by cash flow?

According to Robert Kiyosaki, cashflow is the central difference between generating income in the E (employee) and S (small business owner) quadrants and the B (big business owner) and I (investing) quadrants.

What is the difference between rich and wealthy Robert Kiyosaki?

According to real estate guru Robert Kiyosaki, there is a difference between the two: “The rich have lots of money but the wealthy don't worry about money.” It seems that the results in the Charles Schwab survey above confirms that most people don't understand what it means to be truly wealthy.

How to make $2,500 a month in passive income?

One of the easiest passive income strategies is dividend investing. By purchasing stocks that pay regular dividends, you can earn $2,500 per month in dividend income.

What is the $1000 a month rule for retirement?

Understanding the $1,000-a-Month Rule: The $1,000-a-month rule is a simplified formula designed to help individuals calculate the amount they need to save for retirement. According to this rule, one should aim to save $240,000 for every $1,000 of monthly income they anticipate requiring during retirement.

Did Robert Kiyosaki serve?

Upon graduation, Robert turned down a well-paying job with Standard Oil and chose to enlist in the Marine Corps as a helicopter pilot at the time of the Vietnam War. After his service in the military, Robert went to work for the Xerox Corporation. His Rich Dad told him that the key to any successful business is sales.

Who is Kiyosaki wife?

Image of Who is Kiyosaki wife?
With It's Rising Time! Kim Kiyosaki, author of the international bestseller Rich Woman, continues to inspire, educate, and challenge women around the world. ...
Google Books

Does Robert Kiyosaki actually own real estate?

Kiyosaki, recognized for his financial insights and books like “Rich Dad Poor Dad,” elaborated on his real estate ventures and unique financial strategies. During the interview, Kiyosaki revealed that he owns approximately 12,000 rental units, a significant increase from an earlier count of 6,500 properties.

How to invest like Robert Kiyosaki?

Here are Kiyosaki's six suggestions for how to find money to invest in real estate.
  1. Family and Friends. Raising investment money from family and friends is both the most accessible and the most dangerous way to go. ...
  2. Seller Financing. ...
  3. Cash Flow Financing. ...
  4. Lender Financing. ...
  5. Assumable Loans. ...
  6. Outside Investors. ...
  7. The Bottom Line.
Jan 24, 2024

Does Robert Kiyosaki really have a real estate business?

Real estate mogul Robert Kiyosaki has built an empire of over 7,000 apartment units alongside his wife, Kim. Their success stems from adhering to two key principles: letting employment drive real estate investing decisions and avoiding high-end properties.

What are the 4 principles of money?

A student guide to navigating the financial world

It is important to be prepared for what to expect when it comes to the four principles of finance: income, savings, spending and investment. "Following these core principles of personal finance can help you maintain your finances at a healthy level".

What are Robert Kiyosaki investments?

The ability of gold and silver to appreciate against the U.S. dollar is one of the prime reasons why Kiyosaki said he is a big believer in them as an investment. However, he doesn't stop at just precious metals. Kiyosaki noted that he's a fan of commodities in general, including non-financial assets like cattle.

How much does Robert Kiyosaki make?

Robert Kiyosaki's net worth is estimated at $100 million, according to Celebrity Net Worth. He accomplished this by being an author, a writer, a businessperson, an entrepreneur, an investor, and a pilot. Kiyosaki started amassing wealth with the phenomenal success of his best-selling book, Rich Dad, Poor Dad.

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