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Robert Kiyosaki is a well known author and successful businessman!
A large part of Kiyosaki’s teachings focus on generating passive income by means of investment opportunities, such as real estate and small businesses, with the ultimate goal of being able to support oneself by such investments alone. Kiyosaki also defines “assets” as things that generate money, such as rental properties or businesses, and “liabilities” as things that cost money, such as house payments, cars and so on. Kiyosaki also proclaims financial leverage to be critically important in becoming rich.
He stresses what he calls “financial literacy” as the means to obtaining wealth. He says that life skills are often best learned through experience and that there are important lessons not taught in school. He says that formal education is primarily for those seeking to be employees or self-employed individuals, and that this is an “Industrial Age idea”. And according to Kiyosaki, in order to obtain financial freedom, one must be either a business owner or an investor, generating passive income.
Kiyosaki uses the “rich dad, poor dad” series of books to illustrate his view that the majority of people are stuck in what he refers to as “the rat race”-living paycheck to paycheck and spending all of their time working to pay bills. In his books, Kiyosaki advocates tax-advantaged investment vehicles, such as real estate or businesses, rather than ownership of securities. This idea is further developed in his later books and “Rich Dad” became Kiyosaki’s personal brand for various publishing ventures.
Although Kiyosaki recommends investing in real estate usually for rental income, there is one thing that he doesn’t seem to teach…how to pay-off your rental property and even your house in one-third the time! If you would like to know how to rapidly pay-off your mortgage and other debts and supercharge your retirement account, visit my site for a free report at: http://www.financialadvantages.com
