American finance author and investor (born 1947)
Robert Toru Kiyosaki (born April 8, 1947) is an American investor, businessman, self-help author and motivational speaker. Kiyosaki is best known for his Rich Dad Poor Dad series of motivational books.
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Native Name:
Robert Toru Kiyosaki
Alternative Names:
Robert T. Kiyosaki
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Making a decision to own a house that is too expensive in lieu of starting an investment portfolio impacts an individual in at least the following three ways: 1.Loss of time, during which other assets could have grown in value. 2.Loss of additional capital, which could have been invested instead of paying high home maintenance expenses. 3.Loss of education. Too often, people count their house and savings and retirement plans as all they have in their asset column. Because they have no money to invest, they simply don’t invest. This costs them investment experience. Most never become what the investment world calls “a sophisticated investor.” And the best investments are usually first sold to sophisticated investors, who then turn around and sell them to the people playing it safe.
I think of money only as a medium of exchange. In reality, money by itself has very little value. So as soon as I have money, I want to exchange it for something of real value. The irony is that many people who cling desperately to money spend that money on things of very little value — and that is why they are poor.