Personal Finance Planning with Robert Kiyosaki

1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic by 3 people | Log in to rate

Ranked #383 in Books, #31,932 overall

Who is ROBERT KIYOSAKI

Robert Kiyosaki is a motivational author in areas of personal finance, investing and business. A fourth generation Japanese American, born and raised in Hawaii. His biological dad was the head of education for the state of Hawaii. He studied in America, joined the Marine Corps, and rose to the position of an officer and also a helicopter pilot. After his tour in the Vietnam War, he joins the Xerox Corporation as a salesman to learn the art of selling. In 1977 he started his first company which was importing nylon and Velcro wallets that became associated with surfers. In the mid eighties he set up an educational company where people could learn his financial philosophies. The website is listed below.

He published his No 1 New York Times Best Seller, Rich Dad Poor Dad in 1997. The characters in the book are off fictional people, loosely based on the people in his life. His poor dad is like most people who work hard for money, taking courses to improve their skills which they think will improve their salary and job security. Like most people that are in the rat race, poor dad is stuck paying bills and feeding his family, just getting by monthly. Eventually poor dad falls out of grace with the government and leave, retiring poor and unhappy.
Rich dad is more of a risk taker. Starting slow using his money to invest in real estate and businesses building up his assets leading to abundance of financial wealth.
He later went to write Rich Dad's Cashflow Quadrant, Rich Dad's Guide to Investing and Rich Kid Smart Kid. All the books have been on the best sellers list worldwide.

Robert later develops a board game to teach individuals about personal financing. The game is called Cashflow 101. As with reading all Robert Kiyosaki's Books, play it with an open mind so as you can learn from this game. This game is also entertaining.

Robert Kiyosaki briefly retired at the age of 47.He is still involved in his Rich Dad Educational Company. His goals are to give people information that will help them make their money work hard for them.

"The main reason people struggle financially is because they have spent years in school but
learned nothing about money ."
--Robert Kiyosaki

Rich Dad Poor Dad Links 

The Rich Dad Difference
The Rich Dad mission is one of education and empowerment. Knowledge is, indeed, power and Rich Dad is committed to improving the awareness of and opportunities for improved financial literacy for adults and children around the world.
Rich Dad's Coaching | Rich Dad Poor Dad Author, Robert Kiyosaki
Rich Dad's Coaching is based on the principles of Robert Kiyosaki and his best selling book, Rich Dad Poor Dad. Get your own Rich Dad experience by working one-on-one with a Rich Dad Coach. Learn to build passive income with a personalized coach.

Personal Financing with Rich Dad Poor Dad 

Well, I've just finished reading Rich Dad Poor Dad by Robert Kiyosaki for the 6th time (I like reading good books over again). This is a wonderful book that gives you simple insights on ways of handling your personal finances. It has helped me a lot. I'm not a millionaire yet but luckily someone gave me this book before the current economic downturn. I'm able to weather through.
The insight into the difference between your assets and liabilities is really good and simple to understand, which I found it to be true with purchase of gold jewelry (I have always thought that buying gold was a good investment as gold prices increase but found out otherwise).
It also got me thinking of the purchase of a house too.
You will also find out that specializing in your job is not as good you think, as it makes you more dependent on your job. This I have also found to be true with my job. I've always thought that by specializing in only things related to my work, will give me job security but as what Robert Kiyosaki states that it is not always the case. It's true, believe me.
Read the book and judge it for yourself. Just remember that this is not a GET RICH QUICK book but it gives you ideas that will open your mind to different ways of becoming financially successful. It might not make me a millionaire but I'm sure it will make me financially free and out of the rat race.

Reader Feedback 

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Cashflow Quadrant 

type=textThis book is a continuation of the Rich Dad Poor Dad book. In this book Robert Kiyosaki explains that there are four quadrants. It shows which quadrant we are in and which one we ought to be in.

The four quadrants are

E QUADRANT for employee

These are people who are mainly afraid to take risk. They look for job security and benefits. Thus looking for jobs that offer job security and benefit. They may be highly paid but their financial status is only defined by the employers.

S QUADRANT for self-employed
The people in the S quadrant are self employed. They are specialist in their area. They want to do their own thing. They believe that if they work hard, they will be paid better. They are normally perfectionist and is hesitant on hiring staff. So they will work very hard cause if they don't work , they won't get paid. They are also not able to take leave for long as they are not able to lose any customers.

This is followed by the two Quadrant that we are advised to be in, in order to be financially free. That is

B QUADRANT for business owner
A business owner owns a business that generates money.

I QUADRANT for investor
Investors earn money from their various investments-in other words, money generating more money.

The CASHFLOW QUADRANT is also not a get rich quick book, its only a guide to financial freedom.

Rich Dad's CASHFLOW Quadrant is perfect for employees or self-employed individuals interested in finding new ways to generate cash flow. One of thing that is good about this book is the author tells us to start slow and small, gaining experience first. If you're already a business owner or real estate investor, this book delivers tools for even greater success.

Books by Robert Kiyosaki 

Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and the Middle Class Do Not! (Miniature Edition)

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Rich Dad, Poor Dad for Teens: The Secrets About Money--that You Don't Learn in School! (Miniature Edition)

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Cashflow Quadrant: Rich Dad's Guide to Financial Freedom

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Why We Want You to Be Rich: Two Men - One Message

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Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!

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Some Video by Robert Kiyosaki 

Some interesting videos. Make sure you have your volume on cause Robert Kiyosaki will be explaining his financial philosophies.

Robert Kiyosaki - Rich Dad Poor Dad part 1

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35027 views
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Robert Kiyosaki - Rich Dad Poor Dad part 2

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22848 views
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Robert Kiyosaki - Rich Dad Poor Dad part 3

Runtime: 84
18083 views
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Robert Kiyosaki - Rich Dad Poor Dad part 4

Runtime: 127
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curated content from YouTube

Audiobooks 

Audio books are a great way to listen to books. You can actually listen to an audio book on the go! I like to listen to audio books while I work in my office and also when I'm working out in the gym. Audio books on books by Robert Kiyosaki are now available online for immediate download here.

Rich Dad's Before You Quit Your Job

Rich Dad's Guide To Becoming Rich Without Cutting Up Your Credit Cards

Rich Dad's Success Stories

Rich Dad's Who Took My Money?

Readers Feedback 

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