Robert Kyosaki Advice for Entrepreneurs
“We go to school to learn how to work hard for money. I write books and create products that teach people how to make money work hard for them.” -Roberto Kiyosaki
“I retired at 32,” says Jason Wells, thanks to what I read in Robert Kiyosaki’s books. “A friend of mine introduced me to Rich dad poor dad.” Wells sees Kiyosaki’s books as a “real road map to financial freedom.” He says “if you look Rich Dad Poor Dad Cash Flow Quadrant and Rich Dad’s Guide to InvestingThere is a tremendous amount of valuable information. . . (that) I have analyzed and applied these concepts to retire.” Wells has analyzed these steps:
- What the poor, the middle class and the rich buy on payday is different.
- Brilliant Compensation: Understand why wealth comes to those who are willing to help others.
- Rich Dad Business: Robert Kiyosaki, Bestselling Author rich dad poor dadoffers his advice on where the average person should start to accumulate wealth.
Wells finds this information above Kiyosaki’s offerings more useful, but entrepreneurs have found Kiyosaki’s tips for real estate investing more useful. Buying real estate is “good debt.” It makes you money, as Kiyosaki says: “Most investors say ‘Don’t take risks.’ The rich investor takes risks.”
Kyosaki and Donald Trump wrote Why do we want you to be rich? because entrepreneurs need to change the way they think about money. Thoughts lead to actions and actions lead to results. Successful people spend their time using the resources around them (including employees). Business owners install systems in many companies. Selling the systems (or businesses) frees them up to build more assets, or as Kiyosaki puts it: “The rich build assets that they use to buy other assets. The poor just have expenses.”
If you don’t have a lot of experience, Kiyosaki suggests investing in network marketing. Educational programs will empower you, and the business is bound to help many owners become wealthy. Kiyosaki sees it as a better paradigm “Within every problem lives an opportunity.” Traditional business education relies on just one or two people succeeding at the expense of others. Don’t learn the academic models of business success. Learn the financial wisdom of the rich. Kiyosaki says “Fortune favors the prepared mind.”
Both rich men want you to learn new ways of thinking about money, key to putting the goals and ends you desire into action. “If you can understand the idea that money is not real, you will get rich faster.”
Sounds terribly philosophical? Get reading and you will see a path to wealth. “Your future is created by what you do today,” Kiyosaki has written. Who would argue with someone whose books have been on the bestseller lists for 4 years?
