Robert Kiyosaki
is one of the well-known authors whose books deal with real estate finances.
His most notable contribution to investing businesses is his book Rich Dad,
Poor Dad. This book tries to change the thinking pattern of an average
employee. In his book, he considers his biological father as “poor dad” and his
father’s friend as “rich dad”. His father held the post of was the
Superintendent of the Hawaii State Department of Education while his father’s
friend was an investor. Kiyosaki’s father could not accumulate a huge sum of
money but his father’s friend became wealthy by investing his small income into
real estate business.
Citing the two as representative of two different
mind-sets, Robert Kiyosaki highlights the viewpoints of each set. While
his “poor dad” trained him to receive good education and save maximum money,
his “rich dad” advised him to spend on assets and on procuring knowledge.
According to kiyosaki, a large multitude is involved in “rat race” where an
individual spends just to pay bills and endlessly tries to curb his expenditure
to adjust his needments to suit the income. He supports the idea of real estate
businesses and other tax-advantaged investment vehicles in place of traditional
businesses. He differentiates between businesspeople, small business owners,
self-employed and employees through his cashflow quadrant formula.
Robert Kiyosaki has developed various games to broaden the perspectives of people so
that more and more could acquire the thought processes of the wealthy. His game
Cashflow 101 makes the players cognizant of acquiring assets that help
to produce passive income. Another game Cashflow 202 deals with
sophisticated investing strategies as well. His book Rich Kid, Smart Kid
targets adolescents so that they learn the investing techniques rightly.
Teaching is a passion for Robert Kiyosaki, he quenches his thirst
through different games, and programs to enable greater number of people come
out of the “rat race”.
