When Robert Kiyosaki was nine years old, his father taught him an important lesson—one that would serve well for the rest of Kiyosaki’s life—the importance of cash flow. In simple terms, cash flow is having more cash come in than go out in the form of expenses.
Kiyosaki parlayed that early life lesson into the Cashflow board game that he created in 1996. A year later, he published Rich Dad Poor Dad, which became one of the seminal books about personal finance with over 32 million copies sold. Rich Dad Poor Dad also had its detractors, with many calling the book simplistic or provided bad advice.
Yet, Kiyosaki has built an empire built around personal finance advice. There are Cashflow clubs all over the world where folks get together to play the board game. And Kiyosaki conducts hundreds of coaching sessions and offers classes and seminars. And as personal finance and the financial markets have evolved, so too has Kiyosaki’s organization. Today, one can learn about cryptocurrencies and other new(ish) tools.
The markets in September have been volatile due to numerous factors, including the Evergrande debt crisis affecting China.
“Will real estate crash spread to US? Yes,” Kiyosaki tweeted to his 1.7MM followers. “Great stock and real estate opportunities coming for smart investors. Disaster for foolish investors.”
For months, Kiyosaki has been telling his followers to invest in gold, silver and bitcoin to hedge against a monetary crash. Whether a crash happens remains to be seen – at the time of this writing, the markets have been relatively stable.
Kiyosaki, 74, will join the HBS Club of NY in an exclusive conversation as he reflects on his career, discusses opportunities where he missed (and those that he was right on), and provides advice to the next generation of investors. Join the Club for this exciting discussion.
Participants must register by NOON on October 26th to receive details on joining the discussion. The Zoom link will be sent out 24 hours before the event.
Please note that no refunds will be issued.
Author Entrepreneur Investor
Robert Kiyosaki is best known as the author of Rich Dad Poor Dad —the #1 personal finance book of all time—Robert has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes the world needs more entrepreneurs.
With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education.
The year 2022 will mark the 25th Anniversary of the 1997 release of Rich Dad Poor Dad. That book and its messages—viewed around the world as a classic in the personal finance arena and which still holds the top spot as the #1 personal finance book of all time—have stood the test of time and continue to resonate with audiences of all ages around the world.
Partner, Vici Partners
Lance Stuart is a partner at Vici Partners. He has over 30 years of consulting and operating experience, principally in the U.S., Japan and China. Clients span industries from cosmetics and consumer electronics to software, chemicals, insurance, airlines and telecoms. He has been an investor, co-founder, CEO, COO and board member of several companies in the U.S. and Asia. He began his career as a management consultant with McKinsey & Company in New York then transferred to Tokyo.
Lance earned a B.S. in economics and marketing, cum laude, from Boston College and an MBA from Harvard Business School (’78), where he was awarded two academic scholarships. He was raised in Tokyo and is an active volunteer in several non-profit organizations including the Harvard Business School Club of NY, the Harvard Business School Association of Orange County and as a Council Member on the U.S.-Japan Council.
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