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The Makings of a Self-Help Investment Guru: The Early Years of Robert Kiyosaki
Article Overview: “The size of your success is measured by the strength of your desire; the size of your dream; and how you handle disappointment along the way,” says Robert Kiyosaki. With 18 books under his belt, and 26 million copies sold combined around the world, this millionaire self-help investment guru must have had a very strong dream. Indeed, three of his books have been on the best sellers lists of The Wall Street Journal, USA Today, and the New York Times simultaneously. From his humble beginnings in Hawaii, Kiyosaki has today become one of the most respected – and controversial – businessmen and motivational speakers in the world.
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The Makings of a Self-Help Investment Guru: The Early Years of Robert Kiyosaki
“The size of your success is measured by the strength of your desire; the size of your dream; and how you handle disappointment along the way,” says Robert Kiyosaki. With 18 books under his belt, and 26 million copies sold combined around the world, this millionaire self-help investment guru must have had a very strong dream. Indeed, three of his books have been on the best sellers lists of The Wall Street Journal, USA Today, and the New York Times simultaneously. From his humble beginnings in Hawaii, Kiyosaki has today become one of the most respected – and controversial – businessmen and motivational speakers in the world.
Robert Toru Kiyosaki was born on April 8, 1947 in Hilo, Hawaii, the island’s largest coastal city. He is a fourth-generation Japanese American, whose father was a respected educator in Hawaii and served as state superintendent of schools while the young Kiyosaki was growing up. After graduating from Hilo High School, Kiyosaki debated about whether he should attend the U.S. Naval Academy in Annapolis, or the U.S. Military Academy at West Point. Finally, he decided on enrolling in the U.S. Merchant Marine Academy in New York.
Kiyosaki graduated from the Merchant Marine Academy in 1969 as a deck officer. Soon after, his brother volunteered to join the Air Force as part of the Vietnam War effort. Kiyosaki began to question his own nerve. “Am I a coward or not?” he asked himself. No, he decided. He was not a coward. “I didn’t have to go,” says Kiyosaki. “I volunteered not because I liked the war, but because it was the right thing to do.”
Kiyosaki began to look into joining one of the Armed Services, when a Marine Corps recruiter told him, “If you talk to them, don’t talk to me.” With that, Kiyosaki had made up his mind. He immediately enlisted in the Marine Corps in what would prove to be a life changing decision. “If you’re going to be successful in business, you have to find a place to develop character,” says Kiyosaki. “The Marine Corps did that for me.”
Living in Arizona at the time, Kiyosaki was sent to Vietnam as an officer and a helicopter gunship pilot. During his very first flight, he came into close contact with tracer bullets. After letting out a few expletives, a nearby sergeant told Kiyosaki that “his type” would not last long. “Mariners actually lost people in the war,” says Kiyosaki. “It was what was called a battle standard.”
Kiyosaki did survive his time in Vietnam, and in fact, was even awarded the distinguished Air Medal. In 1974, Kiyosaki ended his service at the Marine Corps Air Station in Kaneohe Bay, Hawaii.
After leaving the Corps, Kiyosaki went to work as a salesman for the Xerox Corporation. It was a less than glamorous career, and a drastic change from the war. Kiyosaki wanted more, and it would not be long before he got it.
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Re: How do you budget your life?
- Good advice David and something that all parents should teach their children by example from a very early age. Trouble is that many people know they need to budget and save, but they have no idea about how to do it. Like Robert Kiyosaki says, financial intelligence should be taught in school.
MichelleJ
How to valuate a business
- Hi Garth - here is how we did it at Northern Crown Capital when I was helping them raise venture capital for Toronto-based entrepreneurs. Assume the start date is 2003 so 2008 projections are 5 years out:
How Northern Crown Capital Valuates a Business
2008 Financial Projections
Earnings Before Tax
$5,865,000
Tax Rate
42%
Taxes
$2,463,300
Net Earnings
$3,401,700
Amount Seeking to Raise Today
$3,500,000
Discounted Value of Future Opportunity, 5 Years Out
2008 P/E Ratio
15
Value of Company in 2008
$51,025,500
Discount Rate Applied
30%
Year 2008
$51,025,500
Year 2007
$35,717,850
Year 2006
$25,002,495
Year 2005
$17,501,747
Year 2004
$12,251,223
Value of Company at Investment in 2003
$12,251,223
Less: Investment Amount
$3,500,000
Present Value
$8,751,223
Discount for Risk & Private Company
40%
Less: Discount for Risk & Private Company
$3,500,489
Private Company Value
$5,250,734
Present Value (What the Owner Keeps)
$5,250,734
60.00%
Financing (What the Investor Gets)
$3,500,000
40.00%
Total
$8,750,734
100.00%
I hope this helps!
Re: Invest in Real Estate or Stocks?
- I agree with both David and Aneshia that your home is not an investment. Robert Kiyosaki defines and investment or asset as anything that brings money to you. Your home does not do this, it is an ongoing expense even if it is mortgage free, there are other expenses connected to it that are on an ongoing basis. A property that earns you an income is an asset.
MichelleJ
Investment Advisors vs Faciltators
- Investment advisors provide advise to investors on public companies or investments. Leadsco is a telemarketing company for advisors - providing leads.
Investment advisors will not put you in touch with investors. Violates compliance regulations.
Facilitators are the best way to help you with strategy and offering for private investors or venture capital.
Re: Best way to start a business?
- Hi Rob
Welcome to the forum, nice to see you in here.
I agree that many people have started franchises without prior business knowledge, but if one listens to what Robert Kiyosaki says in one of his interviews where he is discussing franchise and MLM types of businesses. He says that for anyone joining these types of business their first priority is to learn what the franchise or MLM company can teach them. This will give them a solid start of business knowledge which can then be used in starting their own businesses from scratch.
MichelleJ
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