Robert Kiyosaki: Can We Really Believe Him?
Robert Kiyosaki is a widely admired personality. And just in case you have any doubts about his popularity, a simple search in Google will convince you. Born Robert Toru Kiyosaki in Hawaii in 1947, he is a fourth generation Japanese-America. After his education, Robert joined the elite U.S. Marine Corps and fought in Vietnam as a military pilot. Back in the States after disengaging from the military, he worked briefly with the Xerox Company as a sales executive.
Robert is a successful businessman, investor and author of several books. His most famous book, RICH DAD POOR DAD remained on the New York Times bestseller list for a long time. It is now generally accepted that the book, more than anything else, has projected Mr. Kiyosaki\’s image to a worldwide audience. With carefully chosen words and vivid examples, the book highlights why people spend their entire life working to make ends meet but have nothing to show for it.
In the book, Robert unequivocally stated that the way to wealth and financial independence was not to be found in salaries, no matter how large. Robert advises every individual to start a business of their own as that is the only route to financial security.
There are insinuations in some quarters that Robert Kiyosaki exaggerated several aspects of his achievements and early childhood experiences. For example, there are doubts as to whether the Rich Dad in his book is merely a fictional character. There are also allegations that the millions of dollars he obviously grosses in income each year actually come from sales of books as well as from his audio and personal presentations. Some online gurus and others who read his books further claim that some of the wealth-building recommendations offered by Mr. Kiyosaki are impracticable for most persons.
I do not intend to join issues with those who hold these views. Maybe they\’re right. And maybe they\’re wrong. But so what? Though I do not hold brief for Mr. Kiyosaki, but as someone who has read several of his books and watched some of his presentations, I can only say that wherever they have been applied, the principles he offers do work. However, he never promises instant wealth to anyone.
Since individual circumstances differ, it is understandable that some persons due to their own unique situations may not be able to implement some of the steps recommended by Robert. Indeed, he was specific in telling readers and all his fans that when they do decide to start a personal business, this should be done alongside the daytime job, stating that total disengagement from the paid job should only come when the income from the new business equals or surpasses that of your daytime employment. Isn\’t that practical enough?
The most important lessons to be learnt from this great mentor is to be found in the way he has helped many individuals to re-appraise the way they view money and the mechanics for building wealth. In a very simple language, he urges everyone who wants to build enduring wealth to focus on increasing income while at same time reducing expenses.
This can be achieved by ensuring that most of your spending is on things that will bring you money with time (Assets) while ensuring that other types of expenses are reduced to the barest minimum. In my opinion, those are valuable lessons in these days of acute job shortages when so many persons are struggling financially.
What I think is that most of those who oppose many of Kiyosaki\’s views are already too enamored by personal habits such that they cannot even give the suggestions a try before labeling them impracticable or unrealistic. But again, I\’m entitled to my own opinions, just like Robert Kiyosaki\’s traducers!
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Category: Business
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