How did Robert Kiyosaki make most of his money? (2024)

How did Robert Kiyosaki make most of his money?

His primary income sources are book sales, speaking engagements, real estate, precious metals, cryptocurrency investments, financial education programs, and business ventures. He founded Rich Global LLC in 1977, a conglomerate specializing in manufacturing, retail operations, and financial education.

What are the 4 ways of making money Robert Kiyosaki?

There are basically four ways to make money. You can get a job, be self employed, own a business or invest. This categorisation was made popular by a guy called Robert Kiyosaki in his book – Cashflow Quadrant.

How many types of income does Robert Kiyosaki have?

What are the 6 basic rules of investing Robert Kiyosaki?

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.

How does Robert Kiyosaki invest his money?

Kiyosaki has stated in his own books and videos that he uses real estate primarily as a long-term investment to generate income, rather than as a way to earn short-term gains. Getting real cash in your pocket from your investments is one of the cornerstones of Kiyosaki's philosophy.

What was Robert Kiyosaki's famous quote?

The thing I always say to people is this: 'If you avoid failure, you also avoid success. ' If you're going to be a winner in life, you have to constantly go beyond your best. Face your fears and doubts, and new worlds will open to you.

Was Robert Kiyosaki rich when he wrote Rich Dad Poor Dad?

Prior to his 1997 publication of Rich Dad, Poor Dad, Robert Kiyosaki never had any documentation of the wealth he supposedly amassed. He had a couple of companies prior to his book success but they all went bankrupt, he even was homeless for a while.

What is Rule #1 in Rich Dad, Poor Dad?

Rule 1: The poor work for money. The rich put their money to work. Do you 'live to work, or work to live? ' This is one of the basic concepts 'Rich Dad, Poor Dad' sheds light on.

What is Robert Kiyosaki saving rule?

Robert and Kim eventually came up with the 10/10/10 plan. Every month, they took 30% of their paychecks, and divvied it up like so: 10% Investment - Each month they set aside 10 percent of their income for great investment opportunities. They typically chose to invest in real estate.

Is Robert Kiyosaki against mutual funds?

The famous author previously said: “I do not love stocks, bonds, mutual funds, or ETFs.” However, he noted that investors should invest in what they love.

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.

Why is Robert Kiyosaki so successful?

His entrepreneurial drive propelled him to further success in the years that followed. Through his successful career as an author, speaker, and entrepreneur, Kiyosaki has accumulated substantial wealth, solidifying his position as a financial role model.

What does Robert Kiyosaki say to invest in?

Kiyosaki would recommend owning hard assets like gold and silver, which you can physically touch and represent actual items of value. Kiyosaki also believes in owning income-generating real estate, such as rental properties.

What assets does Robert Kiyosaki recommend?

For Kiyosaki, silver and other precious metals are better to hold on to because they are scarce, real, usable assets that don't get devalued due to inflation like the dollar does.

What kind of assets does Robert Kiyosaki buy?

Although Kiyosaki is a strong believer in the value of silver, even he doesn't feel as if you should put all of your money into it. In fact, Kiyosaki's overriding investment philosophy is that you should primarily invest in assets that provide you with cash right away, like income-generating real estate.

How to start investing Robert Kiyosaki?

What are 4 principles of money management?

It is the best years of your life, but also the most testing, especially when it comes to managing your finances. It is important to be prepared for what to expect when it comes to the four principles of finance: income, savings, spending and investment.

What are the 4 key things you need to build wealth?

However, if you focus on these four principles, you'll be in a much better financial situation by this time next year. If you want to build wealth, focus on creating a budget, paying off debt, living below your means and investing for the future.

What are the three types of money Robert Kiyosaki?

One of Kiyosaki's most important pieces of advice is that it is much better to increase your income than to cut your expenses. I found that most successful people have developed three different types of income to achieve financial freedom: proactive income, investive income, and passive income.