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Kiyosaki's Life As a Background for Writing ‘Rich Dad Poor Dad’

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An entrepreneur is an innovator, generator of new creative business which has not been tested before while taking a risk.

Entrepreneurship is the process of designing, launching and running new business while gilling to develop.

Robert Kiyosaki is an American businessman and author, who knows as the writer of ‘Rich Dad Poor Dad book’.

We consider this person as an entrepreneur because this person grew up in a middle-class family and made it all the way to be investor and an entrepreneur.

He changed the way of millions of people who think about having money or trying to be rich, he believes that the people in the world need more entrepreneurs who will make and creates new jobs.

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Innovation is the process of innovating, creating new ideas or a product that can help in making human life easier, according to Robert kiyosaki, he spent most of his time trying to come up with new ideas, he had a motivation inside him that he wanted to come rich, he started chasing his dreams and learning every step from his rich dad to be an entrepreneur and to be an innovator, his rich father started putting him in different tests to check his tolerance to follow his dreams and innovate, he made him work in a lot of different things, step by step he taught him that life must be your school of learning because general schools do not teach you to innovate.

He started doing everything practical and taking the way to design thinking, he had to first empathize with himself and the people around him, he started defining his problems that he was a middle class child while he lived in super rich neighbourhood, and then he noticed he had to come up with an idea to start from and had to make a prototype sample to start with, he tested first the real estate business where he purchased a house at very low price in a poor area, and sold it again after this area was rebuild by the government, step by step repeating the same process,

He lifts many jobs like first one was oil tanker sailor, marine corps and he earned himself the Air Medal Award but he lifts the marine to be a salesman for Xerox the copy machine company, after four year he lift Xerox. He dropped out the MBA program which dad pushed hem to enrol, to study real estate investing and started his way in being an entrepreneur in real estate and now he is investing money in education of innovation to be teach to the youth.

His friend’s rich dad is the most important person to his success, there are many reasons for that, first the rich dad was a high school dropout but he become successful in business in fact he was one of the richest men in Hawaii so he was a great businessman model for hem, the rich dad taught him how to build himself and being an entrepreneur. He was inspired and encouraged from his friend’s Rich Dad.

Robert Kiyosaki design thinking was leveraged his sales experience to make money through classes about entrepreneurialism and building wealth, in the other hand he was good in knowing the stock market and knowing when is the best time to sell or to buy to earn good profit through prices difference.

References:

  1. Rich dad boor dad book (by Robert T.Kiyosaki 2012).
  2. 'Marketwatch - Rich dad's seminar's deceptive marketplace'. CBC. Retrieved November 13, 2017smartasset.com https://www.youtube.com/watch?v=dv6feHB0AE4
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Kiyosaki’s Life As a Background for Writing ‘Rich Dad Poor Dad’. (2022, September 27). Edubirdie. Retrieved March 28, 2024, from https://edubirdie.com/examples/kiyosakis-life-as-a-background-for-writing-rich-dad-poor-dad/
“Kiyosaki’s Life As a Background for Writing ‘Rich Dad Poor Dad’.” Edubirdie, 27 Sept. 2022, edubirdie.com/examples/kiyosakis-life-as-a-background-for-writing-rich-dad-poor-dad/
Kiyosaki’s Life As a Background for Writing ‘Rich Dad Poor Dad’. [online]. Available at: <https://edubirdie.com/examples/kiyosakis-life-as-a-background-for-writing-rich-dad-poor-dad/> [Accessed 28 Mar. 2024].
Kiyosaki’s Life As a Background for Writing ‘Rich Dad Poor Dad’ [Internet]. Edubirdie. 2022 Sept 27 [cited 2024 Mar 28]. Available from: https://edubirdie.com/examples/kiyosakis-life-as-a-background-for-writing-rich-dad-poor-dad/
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