Robert Kiyosaki is a well-known author and successful businessman!
Much of Kiyosaki’s teachings focus on generating passive income through investment opportunities, such as real estate and small businesses, with the ultimate goal of being able to support yourself on such investments alone. Kiyosaki also defines “assets” as things that make money, like rental properties or businesses, and “liabilities” as things that cost money, like house payments, cars, etc. Kiyosaki also proclaims that financial leverage is vital to getting rich.
He highlights what he calls “financial literacy” as the means to gain wealth. He says life skills are often best learned through experience, and there are important lessons not taught in school. He says that formal education is mainly for those looking to be employed or self-employed, and that this is an “industrial age idea”. And according to Kiyosaki, to gain financial freedom, one must be a business owner or investor, generating passive income.
Kiyosaki uses the “Rich Dad Poor Dad” book series to illustrate his point that most people are caught up in what he calls “the rat race”: living from paycheck to paycheck and spending all their time working to pay the bills. . In his books, Kiyosaki advocates for tax-advantaged investment vehicles, such as real estate or businesses, rather than equity ownership. This idea is further developed in his later books and “Rich Dad” became Kiyosaki’s personal brand name for various publishing companies.
Although Kiyosaki recommends investing in real estate generally for rental income, there’s one thing he doesn’t seem to teach…how to pay off your rental property and even your home in a third of the time! If you want to know how to quickly pay off your mortgage and other debt and boost your retirement account, visit my site for a free report at: http://www.financialadvantages.com