On Saturday, May 16, the popular ‘Rich Dad Poor Dad’ author, Robert Kiyosaki, took a break from recommending what he believes are the best investments and weighed in on the less tangible assets critical for any entrepreneur.
Specifically, the prominent investor explained that ‘no man is an island,’ while stating that one’s ‘brain and dedication to life long learning’ is the most important asset to have, with the second spot taken by ‘team of advisors.’
Kiyosaki then, seemingly, created an eight-item ‘shopping list’ of people who can, taken together, constitute a team of advisors before proclaiming that ‘a team of advisors will outperform the solitary genius,’ and adding: ‘I love my team with all my heart.’
R. Kiyosaki reveals who should be in ‘a team of advisors’
Within the same X post, the ‘Rich Dad’ author specified that investors and entrepreneurs should hire a book keeper ‘for accurate numbers,’ an accountant, an attorney, a marketing manager, a Product developer, a banker, a gold and silver broker, and a stock and bond broker.
As per usual, Robert Kiyosaki offered little advice in terms of affording the team for those who are only at the beginning of their wealth-building journey, though his earlier counsel and admissions might offer some insights.
How to afford hiring ‘a team of advisors,’ per Kiyosaki’s advice
Specifically, the famed investor has spent years advocating against saving money and purchasing assets like Bitcoin (BTC), Ethereum (ETH), gold, and silver instead.
Furthermore, Kiyosaki has also been repeatedly opining that owning cash-generating businesses such as wagyu ranches is another trajectory to success, though, presumably, such a step would likely go hand-in-hand with ‘a team of advisors’ rather than preceding it.
Lastly, the ‘Rich Dad’ writer is known for having a favorable view of debt as a means of securing wealth and claims that he himself owes more than $1 billion.
‘Don’t be a school teacher,’ Robert Kiyosaki criticizes the school system
Elsewhere, Robert Kiyosaki took the opportunity to criticize the school system for penalizing ‘cheating’ – which he considers a form of cooperation – and punishing mistakes.
He also explained that such a mindset is ‘why most teachers are poor,’ before urging his followers not to ‘be a school teacher who knows all the answers and does not cheat or make mistakes.’
It is somewhat unclear if the X post indicates Kiyosaki recommends hiring accountants who heavily rely on CliffsNotes rather than books in their journeys of ‘life long learning’ and brokers who tend to make mistakes when picking stocks or placing orders more often than not.
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