Wisdom of Rich Dad

Robert Kiyosaki is an American investor, businessman, self-help author and motivational speaker, who has written 15 books, with combined sales of over 26 million copies.

Three of Robert’s books, Rich Dad Poor Dad, Rich Dad’s CASHFLOW Quadrant, and Rich Dad’s Guide to Investing, have simultaneously been on the top 10 best-seller lists of The Wall Street Journal, USA Today and the New York Times.

In this Q&A interview with Alex Pirouz, Robert Kiyosaki discusses what it takes to be successful in business, the No 1 skill every entrepreneur should learn and the five qualities required by every entrepreneur in order to become successful.

What does it take to be a successful entrepreneur?

It takes ambition and the desire to truly master the art and science of becoming a successful entrepreneur. And in my opinion ambition is far more important than brains, because if you have ambition you can always hire good brains.

What is your number one rule of thumb in business?

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An interview with Donald Trump and Robert Kiyosaki, whose Midas Touch is out this week from Plata Publishing

Working from your new book’s title, what’s your definition of the Midas touch?
Donald Trump: We are specifically pointing out the skill set needed to be a successful entrepreneur. Entrepreneurs are crucial today because they create jobs. People who can successfully incorporate the skills and imagination required to create new businesses are significant to the current economic landscape on several levels. The job forecast is greatly improved when jobs are literally created by someone who has had the fortitude and vision to bring something new to the table. I’ve provided thousands of jobs and continue to do so, and I know the process involved. Midas Touch explains this process, and we hope we will inspire others to become entrepreneurs.

Robert Kiyosaki: The Midas touch is also called alchemy—when you can touch something and turn it into gold. I’ve had my share of bad luck and expect I will continue to have setbacks and challenges. If you can turn bad luck into good luck, that’s the Midas touch. Right now, I see a lot of opportunity out there. Do you have the skill set to see opportunity, pursue it and make it work? I “drilled for oil” in publishing. I struck gold in the brand Rich Dad—in discovering that there was a huge mass of people who wanted to hear that message. The guys behind search engines like Google struck massive IT oil. FedEx struck oil; Facebook struck oil. Perceiving opportunity is part of the Midas touch.

The book’s subtitle says that most entrepreneurs don’t get rich—why not?
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Rich Dad “Robert Kiyosaki” and his entire adviser team discuss how they have prepared for the coming depression:
- Year’s supply of food
- Guns
- Gold & silver
- Cash on hand

They speak of the coming depression (inflationary or not it’s going to happen), shutting down the credit card system, and higher taxes no matter what. Budget-cutting police forces promotes lawnessness.

What scares me now is these are not some local yocals on youtube speaking their wacky thoughts. Instead, these are calm, straight speaking, successful businessesmen in the know, telling us what they have done. We should take notice. They are prepared.

Robert Kiyosaki talked about Conspiracy Of The Rich, New rules of Money and the US economy on ABC News.

Robert Kiyosaki talks about:

• The loser’s mentality.
• “If you can’t control your emotions, you can’t control your money.”
• Everybody wants to go to heaven, but nobody wants to die!
• “Why doesn’t our school system teach us about money in school?”
• “You know why they call brokers, brokers?”
• Understanding the 80/20 rule – Kiyosaki style.
• What the church will tell you.
• Are you in the right relationship to be wealthy?

Rich Dad, Poor Dad” author Robert Kiyosaki shares with SkyQuestCom how being fully educated about money matters can lead to financial freedom.

Here are excerpts from the interview.

SQC: SkyQuestCom RK: Robert Kiyosaki

SQC: It is my honour and privilege today to introduce our guest, Mr. Robert Kiyosaki, who is a millionaire, investor, entrepreneur and author. He is the bestselling author of the book Rich Dad, Poor Dad, which struck a chord with readers, selling millions of copies and topping the New York Times Bestseller’s list.

Robert retired as a multi-millionaire at a very early age and travels the world as a motivational speaker teaching people to become millionaires. According to Robert, the main reason people suffer financially is because people work hard for money instead of making money work for them. So let’s get some insights from the man himself on how to improve financial literacy. Thank you Mr. Kiyosaki for joining us today.

RK: (Robert smiles) Thank you!

SQC: First of all, could you tell us what your definition of wealth is and is it possible for anybody in the world to attain financial mastery?

RK: Well, that’s a very, very big question. Wealth is many, many things to many people but I think wealth is primarily what you know. The definition of wealth I subscribe to, financially, is that, wealth is the number of days you can survive without working while also maintaining your lifestyle.

For example, let’s say, it costs you 3000 dollars a month to live as your lifestyle and you have $12000 in the bank. That means your wealth is measured in days or in this case, 4 months. You know, (Robert pauses) 3 into 12000 means you can survive 3 months. (Robert pauses) 3 into 12 is 4 months, you can survive 4 months.

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