Robert T. Kiyosaki

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About Robert T. Kiyosaki
Robert Kiyosaki, author of Rich Dad Poor Dad - the international runaway bestseller that has held a top spot on the New York Times bestsellers list for over six years - is an investor, entrepreneur and educator whose perspectives on money and investing fly in the face of conventional wisdom. He has, virtually single-handedly, challenged and changed the way tens of millions, around the world, think about money.In communicating his point of view on why 'old' advice - get a good job, save money, get out of debt, invest for the long term, and diversify - is 'bad' (both obsolete and flawed) advice, Robert has earned a reputation for straight talk, irreverence and courage.Rich Dad Poor Dad ranks as the longest-running bestseller on all four of the lists that report to Publisher's Weekly - The New York Times, Business Week, The Wall Street Journal and USA Today - and was named "USA Today's #1 Money Book" two years in a row. It is the third longest-running 'how-to' best seller of all time.Translated into 51 languages and available in 109 countries, the Rich Dad series has sold over 27 million copies worldwide and has dominated best sellers lists across Asia, Australia, South America, Mexico and Europe. In 2005, Robert was inducted into Amazon.com Hall of Fame as one of that bookseller's Top 25 Authors. There are currently 26 books in the Rich Dad series.In 2006 Robert teamed up with Donald Trump to co-author Why We Want You To Be Rich - Two Men - One Message. It debuted at #1 on The New York Times bestsellers list.Robert writes a bi-weekly column - 'Why the Rich Are Getting Richer' - for Yahoo! Finance and a monthly column titled 'Rich Returns' for Entrepreneur magazine.Prior to writing Rich Dad Poor Dad, Robert created the educational board game CASHFLOW 101 to teach individuals the financial and investment strategies that his rich dad spent years teaching him. It was those same strategies that allowed Robert to retire at age 47.Today there are more that 2,100 CASHFLOW Clubs - game groups independent of the Rich Dad Company - in cities throughout the world.Born and raised in Hawaii, Robert Kiyosaki is a fourth-generation Japanese-American. After graduating from college in New York, Robert joined the Marine Corps and served in Vietnam as an officer and helicopter gunship pilot. Following the war, Robert went to work in sales for Xerox Corporation and, in 1977, started a company that brought the first nylon and Velcro 'surfer wallets' to market. He founded an international education company in 1985 that taught business and investing to tens of thousands of students throughout the world. In 1994 Robert sold his business and, through his investments, was able to retire at the age of 47. During his short-lived retirement he wrote Rich Dad Poor Dad.
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Blog postPodcast Episode #78
Eating used coffee grounds for breakfast and black-market cash deals with taxi drivers
Today’s Notes is a bit different…
I recorded a conversation I had with my colleague Sean Goldsmith about my recent travels to Venezuela. I explain how I exchanged my US dollars on the black market for Bolivar (with a taxi driver I’d never met before)… and how the situation in Venezuela will get worse before it gets better. Plus, I share observations and stories of5 years ago Read more -
Blog postApril 9, 2014
Santiago, Chile
Imagine that your country and banking system are so broke that you have to receive approval from a special committee just to send your own money to your kids who are away at university…
Crazy, right?
But that’s exactly what’s going on in Cyprus. And it all happened overnight.
Just over a year ago, people across Cyprus went to bed thinking everything was just fine. They woke up the next morning to a brand new reality: their go8 years ago Read more -
Blog postApril 11, 2014
En Route to Buenos Aires
Every now and again, the universe presents us with opportunities that are so obvious we have to wonder why everyone else isn’t doing it too.
This is how I felt yesterday while attending an invitation-only “Demo Day” for startup companies based in Chile.
As we’ve discussed before, Chile is a top-20 Startup ecosystem worldwide. Entrepreneurs from all over the planet come to Chile to start their businesses, grow, and thrive. A8 years ago Read more -
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Blog postGet Jim’s new book here: http://amzn.to/1bwpYS6 Jim Rickards has been featured in 4 out of the 5 episodes that we have released so far in the ‘Hidden Secrets Of Money’ series – and for good reason. Jim is one of the most articulate thinkers and teachers in the world when it comes to explaining what is really happening in the world of economics today, especially when it comes to gold and silver.
Jim’s first book ‘Currency Wars’ was a bestseller and is highly recommended reading for any8 years ago Read more -
Blog postThe latest news is in…
The Chinese are selling U.S. government debt… and they’re buying gold. So let me ask you…
In your opinion, what will the signs be that the U.S. dollar’s heyday is ending?
What will the signs be that China is giving up on the U.S. dollar as the world’s reserve currency?
Specifically, we learned this week that the Chinese government shrank its holdings of U.S. government debt by $ 47.8 billion in December 2013, the most in two years. O8 years ago Read more -
Blog postFebruary 20, 2014
Sovereign Valley Farm, Chile
4.1%.
I read it twice to make sure my brain had processed the number correctly. Yep, 4.1%.
This was the annual yield promised on a new 5-year bond investment that a private banker colleague had sent to me. I couldn’t believe it.
The bond issuance was by a state-owned company in India. And despite the Indian government having a -very- recent history of capital controls, price fixing, and asset confiscation, a8 years ago Read more -
Blog postOn Sunday when NIA suggested January 2015 GDX $25 call options, we showed you a chart of the HUI/Gold ratio. The HUI index for the most part tracks the same exact stocks owned by GDX. The HUI/Gold ratio shows how undervalued gold stocks are vs. the price of gold. The HUI/Gold ratio has a 17 year average of 0.37 and currently is down to 0.164, the lowest it has been since 2001, at the very beginning of gold’s secular bull market.
However, this doesn’t tell the complete s8 years ago Read more -
Blog postStock indexes are making new highs. With share prices surging the collective mood must be ebullient. After all, stock prices are the collective present value calculations of investors’ guesses as to future earning streams. Future profits and prosperity equalcurrent high stock prices.
But this isn’t your ordinary market. While stock prices portray exuberance, at no time in history have American adults feared more for the futures of their children.
Americans answering a survey f8 years ago Read more -
Blog postRecently, we’ve discussed several different economic citizenship programs around the world. And while these programs are not for everyone due to their higher costs, they have all surfaced at the same time, and I would be derelict in my duties to not to inform you about these options.
Bottom line—it’s all good news. The supply of potential second citizenships is increasing. And I’m certain it’s going to continue to in crease, even despite the occasional grumblings and misgivings.8 years ago Read more -
Blog postDecember 31, 2013
Sovereign Valley Farm, Chile
The other night I played my first game of Monopoly in probably 20 years.
One of my friends gave me the infamous board game for Christmas, and as I’ve had a lot of guests down here over the last few days, we all thought we’d give it a go.
Guess who won? Nope. Not me. And not any of my friends either. The bank won.
The bank actually wins every game of Monopoly.
Think about it. All of the properties are8 years ago Read more -
Blog postIn 2014, NIA believes we will see precious metals and agricultural commodities make their largest gains in history. NIA’s #1 way to play next year’s agriculture boom is its stock suggestion Agria (GRO), which broke out big on Friday rising $0.10 or 7.24% to $1.48 per share. In NIA’s opinion, new 52-week highs are coming for GRO very shortly.
NIA would like to take this opportunity to announce its #1 way to play next year’s rally in precious metals. NIA suggests for its members to rese8 years ago Read more -
Blog postPlease disregard our email from Sunday evening, which stated that gold’s high of $850 per oz in 1980 is the equivalent of $5,301.24 per oz today after adjusting for growth in real U.S. money supply and above ground gold stocks. Gold’s 1980 high of $850 per oz is actually the equivalent of $7,944.83 per oz in today’s economy. Furthermore, gold’s 1976 low of $103.50 per oz is the equivalent of $1,096.12 per oz in today’s economy. Gold’s 1985 low of $285.75 per oz is the equivalent of $1,276.258 years ago Read more
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Blog postIn this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss QE as the meals on wheels for over-leveraged, consum-oholic debt addicts with Ben Bernanke as the pusher with a story to tell which is that ‘cheap money is good’ for buying depreciating assets like cars and where ‘gold slamdowns’ are meted out to those who refuse to stay intoxicated on that cheap money. In the second half, Max interviews Barry Silbert of Second Market and BitcoinTrust.co about the future of bitcoin in8 years ago Read more
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Blog postThe town of Lugano lies on Lake Lugano nestled in the Swiss Alps in Italian-speaking southern Switzerland, arguably one of the most beautiful old towns in all of Europe. Dinning in Lugano one evening last month with Alex Stanczyk and Jim Rickards, the conversation turned to ‘Complexity Theory.’ Jim spends several pages describing details of the Theory in Chapter 10 of his excellent bestselling book Currency Wars: The Making of the Next Global Crisis (1).
One thing I learned from the d8 years ago Read more -
Blog postIn this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the melt down in the art market as the filthy rich scramble for safe havens from the taxpayers angry at the billions in free money they’ve been given. They also discuss financial irrigation, amputated gold and a special mince meat pie and Jamie stew for Christmas. In the second half, Max interviews Jim Rickards, author of Currency Wars, about central bank vaporware, straws in the dollar wind and about how Janet Yellen8 years ago Read more
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Blog postGovernment shutdown? Inefficient politicians? These things are nothing new, and pale in comparison to the real story developing quietly behind the noise and hoopla we receive from the press.
The death of the U.S. dollar as the global reserve currency is the elephant in the room that nobody wants to acknowledge.
It’s only been a short while since Michael Maloney delivered his keynote speech ‘Death Of The Dollar Standard’ in Singapore, where he showed the events that add up to8 years ago Read more -
Blog postFinal Plunge in Gold and Silver is Underway Commodities / Gold and Silver 2013 Nov 22, 2013 – 11:40 AM GMT
By: Jordan_Roy_Byrne
Two weeks ago we penned Gold Bear to end with a Bang, and noted the increasing probability that precious metals could be headed for a plunge to new lows ahead of a final major bottom. Two weeks later we continue to hold that view. The forthcoming charts present levels at which the more than two year old cyclical bear market could end. At the least, th9 years ago Read more -
Blog postNovember 22, 2013
Dallas, Texas
In George Orwell’s seminal work 1984, there’s a really great scene early in the book between Winston (the main character) and Syme, a low-level functionary at the Ministry of Truth.
Syme is working on the 11th Edition of the Newspeak Dictionary, and he explains to Winston how the Ministry of Truth is actually removing words from the English vocabulary.
In Newspeak, words like -freedom- have been struck from the dictionary altogeth9 years ago Read more -
Blog postIn his latest video, Peter Schiff shares his thoughts on the bitcoin mania that is sweeping the world. After rising from less than $20 to more than $600 in one year, many investors are wondering if bitcoin might be worth the risk. Early adopters pitch bitcoin as “gold 2.0″ – a digital currency that cannot be manipulated like fiat money. Bitcoins are even “mined,” similar to physical gold and silver. However, Peter explains why bitcoins still fail as a substitute for gold and strongly urges in9 years ago Read more
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Blog postGold was always considered as solid and save instrument. Many Countries currency was based on Gold reserves. People loved to make investment in Gold. But now this Gold is in crisis. These Gold crisis are linked with economic, financial, debt and currency crisis. Anyhow, too much dependence on one instrument always brings down fall. This video is showing What the Gold and Debt Crisis are?… Continue on Richer Daddy
(Read more on Richer Daddy)
9 years ago Read more -
Blog postIt’s almost never openly admitted in public, but the reality is that few if any investors actually beat the market in the long-term.
The reason for this is that most of the investment strategies employed by investors (professional or amateur) simply do not make money.
I know this runs counter to the claims of the entire financial services industry. But it is factually correct.
In 2012, the S&P 500 roared up 16% including dividends. During that period, less than 40%9 years ago Read more -
Blog post
QE3 is running at $ 85bn, and directly increases FMQ by double that amount, or $ 170bn, indicating that other factors contributed $ 57bn to the FMQ total. This suggests that the current rate of QE was insufficient to provide the liquidity required in money markets consistent with current interest rates, at least for the month of September. However, bond yields are still high, despite the deferral of tapering, as shown in the second chart, which is of the US Treasury9 years ago Read more -
Blog postAnti-gold rules force consumers to buy silver instead, imports double from 2012…
DEMAND to buy silver amongst Indian households has pushed the country’s imports of the precious metal to twice last year’s level and may set a record in 2013, according to industry experts.
Between January and September, silver imports to India totaled more than 4,000 tonnes, already beating full-year 2012 says the Thomson Reuters GFMS consultancy.
The world’s largest end-consumer of silve9 years ago Read more -
Blog postBy Alasdair Macleod There are two indisputable economic facts to bear in mind. The first is that GDP is simply a money-total of economic transactions, and a central bank fosters an increase in GDP by making available more money and therefore bank credit to inflate this number. This is not the same as genuine economic progress, which is what consumers desire and entrepreneurs provide in an unfettered market with reliable money. The second fact is that newly issued money is not absorbed into a9 years ago Read more
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Blog postNovember 7, 2013
Bangkok, Thailand
Check out this chart below. It’s a graph of total US tax revenue as a percentage of the money supply, since 1900.
For example, in 1928, at the peak of the Roaring 20s, US money supply (M2) was $ 46.4 billion. That same year, the US government took in $ 3.9 billion in tax revenue.
So in 1928, tax revenue was 8.4% of the money supply.
In contrast, at the height of World War II in 1944, US tax revenue had increased to $ 429 years ago Read more -
Blog postIf you’re a retiree… or if you’re simply looking to earn safe interest on your money… you have two enemies:
1. Federal income tax rates that can take a 20%-30% bite out of your earnings. In some cases, that number is as high as 40%.
2. Interest rates that are near record lows. Right now, you’re lucky if you can make even 1% on your bank savings… And that’s before taxes.
Fortunately, you can fix this situation quickly.
You just need to know how to legally “opt o9 years ago Read more -
Blog postAccording to the Bureau of Labor Statistics (BLS), September brought 148,000 new jobs, enough to keep up with population growth but not reduce the unemployment rate. Moreover, John Williams (shadowstats.com) says that one-third of these jobs, or 50,000 per month on average, are phantom jobs produced by the birth-death model that during difficult economic times overestimates the number of new jobs from business startups and underestimates job losses from business failures.
The BLS repo9 years ago Read more -
Blog postInvestor sentiment towards precious metals is at the lowest level in over a decade. Many analysts believe the bull market is over and are calling for sub-$ 1,000 gold in 2014. Even diehard gold bugs are losing faith, as the correction has been longer and more severe than most had anticipated.
So, is it time to throw in the towel? Is the bull market in precious metals really over?
In order to answer this question, I thought it would be constructive to re-visit the fundamental d9 years ago Read more -
Blog postCommodities / Gold and Silver 2013
To paraphrase William Shakespeare, “the debt ceiling drama is a tale told by idiots, full of sound and political fury, signifying nothing.” We now have a reprieve for three months – the 11th hour deal, complete with payoffs and the usual corruption, will keep the world safe for more ineptitude, deficit spending, administrative hypocrisy and the guarantee of a sequel. All is well! Celebration! Champagne! Cut to a prime-time commercial promoting big go9 years ago Read more -
Blog postXinhua, China’s official press agency on Sunday ran an op-ed article which kicked off as follows:
“As U.S. politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanized world.”
China does have a broad strategy to prepare for this event. She9 years ago Read more
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