Despite his failures, Kiyosaki did not lose hope and decided to help people by educating them on how to avoid bankruptcy and achieve success

  1. In 1977 he had enough money saved to start his own company, which produced the first nylon Velcro surfer wallets. He tried to limit the costs of the wallets by lowering the quality and soon the demand went down, which caused the company to go bankrupt.
  2. At the beginning of the 1980s, Kiyosaki started a new business for T-Shirt licensing for heavy metal rock bands. The business was at first a success, but the change in trends in music made his company decline, eventually dissembling in 1985.
  3. During the peak of his business, Kiyosaki invested money in stock and real estate, but with the decline of his business, his debts to banks grew, and Kiyosaki was left homeless and penniless.
  4. He began writing a book titled;he Rich Dad, Poor Dad, together with Sharon Lechter, Kiyosaki. Since he could not find a publisher, he published the book himself.

Despite his failures, Kiyosaki did not lose hope and decided to help people by educating them on how to avoid bankruptcy and achieve success. The book was published in 2000 and since then has sold more than ten million copies. His next venture came in 2002 when he bought a silver mine in South America. Kiyosaki owns assets in several apartment complexes, hotels, and golf courses.

Leave a comment

Your email address will not be published. Required fields are marked *