Robert Kiyosaki's Story From Rich Dad Poor Dad Seminar in 1996

Read Robert Kiyosaki's inspiring story and learn from his experience and advice:

Robert Kiyosaki, Rich Dad Poor Dad - Cashflow 101 High Paying Jobs "The story of Rich Dad Poor Dad is really a story of two different fathers with two different sets of values and completely different sets of advice. So I don't mean to insult anybody or damage your values. Really that was the difference.

For example, my poor dad always said, "Go to school, get good grades, get a high paying job, work hard, live below your means, save money, get out of debts, have a good retirement plan." Now that was my poor dad's values.

My rich dad said, "You probably won't get rich doing that way because very few people got rich following that plan."

Robert Kiyosaki said, "When I was 9 years old, I went up to my father. My father, strange for Japanese, was 6 foot 4 inches, 220 lbs, a very large man. I am the smallest man in all of my family."

Robert Kiyosaki went up to his dad and said,

"Dad, I finally figure out what I want to do for the rest of my life and what I want to be..." I said, "I want to be rich." He said, "Okay..." I said, "Dad, how do I become rich?" And he said, "What the rich know how to do is they know how to make money." I said, "Good."

Robert Kiyosaki continues his story:

"So, I ran off... I got my friend Michael, he was my first business partner at age 9. We were both in school together, and we set out to make money. And our first business venture was... what we did was we ran around our neighborhood in Hawaii and we collected Crest toothpaste tubes back in the 1950s.

In those days Crest toothpaste tube was made out of lead. Michael and I ran around and collected all these toothpaste tubes... Go to our neighbors, knock on their doors and say, "Would you mind saving your empty toothpaste tube for me?" They said, "Sure."

One day my Mother comes home, there was this box next to the washing machine full of these ugly looking toothpaste tubes. And she was wondering what Michael and I, my first business venture, were up to.

Robert Kiyosaki goes on telling his story:

Robert Kiyosaki - good grades, counterfeiting money, US coins, plaster of Paris, and Crest toothpaste tubes

"So one day my dad drives up with one of his school teacher friends and he found me out there with this fire going, Michael and I melting down those lead tubes... And dad and his friend come over and look at what we were doing, and said, "What are you doing? What are you boys doing here?"

And what we had done, we'd taken a plaster of Paris and we had put US coins in there. So we were pouring and popping out half dollars, quarters made out of lead. My father said, "What are you doing?" I said, "Doing what you told us. We're making money..." :) And his friend started laughing, he said, "Leave the boy alone, you might have a talent here..."

So, I found out at a very early age, what the words "counterfeiting money" meant. :) And so, I was very confused...

Robert Kiyosaki said to his father,

"Dad, I still want to be a rich man. How I make money?" My dad looked at me and said,

"There are two reasons. Don't ask me:

  1. Number one: I'm a school teacher, and school teachers don't know how to make money.
  2. Number two: I'm Japanese. Japanese don't know how to make money."

He said, "Why don't you ask Michael's father? His father knows how to make money. He is Chinese." :)

So, Michael and I ran off, and went to see his dad. And his dad was Chinese and he began to teach Michael and me the art of making money...

Robert Kiyosaki & his wife Kim Kiyosaki - my rich dad, buy and sell companies

So, as I grew older, it got really difficult in my family because my dad being a school teacher would say, "Be good, study hard..." and I'd say, "Why?" He would say, "So, you can get good grades..." and I would say, "Why?" "So you can find a good job..." I'd say, "Okay, why?" And he'd say, "So you can find a good company to work for."

And then I would go across the town, and talk to Michael's dad, and all he would say to me was, "You don't want a company to work for. You want to study hard to find out how to buy a company and sell it."

Robert Kiyosaki explains:

"And it really caused a conflict in me. If you can imagine me being seventeen years old sitting in high school... It was true, I flunked out twice, not just once but twice because I was bored.

And every time the teacher would try to threaten me and say, "You're not applying yourself... You don't have good grades... blah, blah, blah..." I'd say, "What for?" She'd say, "So, you get a good job." I'd say, "I don't need a good job because I'm going to buy and sell companies." :)

She'd say, "Well, company would never hire someone like you." I'd say, "Good. That might be a good company to buy." :) She'd say, "Well, I would never work for a man like you!" And I'd say, "Don't worry, we wouldn't hire you anyway." :)

I had a different educational background. And it was tough, like I said, with my two dads. Now, the reason I bring this up is how many people realize that America is in a fairly big financial crisis right now? ..."

~ Robert Kiyosaki ~
"Rich Dad Poor Dad Seminar in 1996"


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