Robert Kiyosaki is best known as the author of Rich Dad Poor Dad – the #1 personal finance book of all time – which has challenged and changed the way tens of millions of people around the world think about money.
Rich Dad titles hold four of the top ten spots on Nielsen Bookscan List’s Life-to-Date Sales from 2001-2008 alone, and Robert has been featured regularly on shows such as Larry King Live, Oprah, and countless other shows and publications.
With perspectives on money and investing that fly in the face of conventional wisdom, Robert has earned a reputation for straight talk, irreverence, and courage.
Along with his path to becoming a world-famous expert on all things financial, Robert learned more than he ever expected about the riches money can’t buy. So here are some of the fundamental rules for success by Robert Kiyosaki himself!
“Every time I did an investment whether real estate or business, I got smater” – Robert Kiyosaki
The more you experience, the smarter you become. Life is one big lesson full of ups and downs, that not even a psychic can fully predict. Take everything that comes your way, good or bad as a learning curve your current failure will prepare you for future successes! Life is what you make it…
“When someone I meet doesn’t have any money it just means they’re not giving something.” – Robert Kiyosaki
Just like the saying “you reap what you sow” this is also true, even if the results aren’t immediate. The effort you put in should sooner or later have a good ROI ( Return on Investment). If not you should reevaluate your strategy or if the thing you’re investing in worth your time and energy… This goes for relationships as well.
“I used my bill collectors as inspiration, to work harder” – Robert Kiyosaki
Perspective is a big key to success. How you perceive your situation will help you either rise and overcome it, or wallow in despair. Choosing to make the best of a worst-case scenario, helps you handle life as we are bound to unexpected change.
“Focus means: Follow One Course Until Successful.”- Robert Kiyosaki
Be at least proficient in at what you’re doing before you start to diversify into other ventures. It is better to at least master one thing and than be mediocre in several. But once you master being good at one thing you can then repeat this success in ventures you pursue over and over again.
“Depression is the best time to make money” – Robert Kiyosaki
Hard times really reveal peoples true colours. The pressure can either make you or break you, find a way to make it work for your good! Learn to dance in the rain, there’s always a positive to every negative!
“Design a business that doesn’t need you to continue raising the capital” – Robert Kiyosaki
Making sure that all your systems can run without your involvement is essential for running a successful business. Your business shouldn’t depend on your presence for it to be profitable, it should be making you money even when you sleep.
“Work hard for Passive Income” – Robert Kiyosaki
Putting your time and effort in the thing that will get you the best return is essential. Robert explains that he made most of his earnings, by investing time an effort in making sure that he had good and sustainable passive income. Which allowed him to retire early…
“Most Successful Entrepreneurs Have Gone Bust” – Robert Kiyosaki
So many of the successful people that we see today have failed on they’re way to the top. Oprah got fired at 23, Henry Ford went bust 5 times. Steve Jobs was dismissed by his own board of directors. We are taught in school that failure is a bad thing. Therefore, taking risks can seem very daunting. The results of all this are that we often end up shackled comfort zone.
“The Rich Dad Company is getting stronger because every year we add more assets” – Robert Kiyosaki
Once you have mastered your focus and it is successfully running and generating income. Only then can you start to diversify and expand into different ventures to help scale your business to increase your cash flow.
“I think the big mistake is that I hear so many people say it’s important to save. That’s ridiculous!”
The value of money isn’t consistent as it can be printed on demand, so it loses value depending on the currency going down. So it is essential to invest your money so it can increase in value instead of decrease in value.
That’s it for our success tips by Robert Kiyosaki Robert Kiyosaki’s wisdom never ceases to amaze us! He’s such a master in his industry and that why we bring him all around the world! If you would like to see him live in Europe! Click on the banner below for more details.
Credit: Evan Carmichael