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Kiyosaki resigned after six months to join the Marine Corps,  serving as a helicopter gunship pilot during the Vietnam War in , where he was awarded an Air Medal. He took a job as a sales associate for Xerox until June The company went bankrupt in In , Kiyosaki sold the education company. In his book, he encouraged parents not to send their children to college and instead to enter the real estate business. As per an interview with Forbes , Kiyosaki's main earnings come through franchisees of the Rich Dad seminars.
Many are concentrated in the information technology mobile apps and internet , publishing, retail, education, mining, energy, financial market, and real estate industries. He has a series of authors and other "experts" that he often cites as "Rich Dad Advisors" on real estate investing, financial planning, and avoiding taxes.
He defines " liabilities " as things that devour cash out of one's pocket, such as one's personal residence, consumer loans, car loans, credit card payments, and student loans. Kiyosaki argues that financial leverage is crucial in becoming rich despite the risks from utilizing leverage to achieve financial independence.
Since , the Kiyosakis have lived in Phoenix, Arizona.
Upon tracking the success claims of "Rich Dad" seminar organizers, they discovered that these claims were not true. Investments in trailers and trailer parks, which were being propagated as "successful" by seminar teachers, were found to actually be barren pieces of land that no one was using. He was sued by his fellow author Sharon Lechter in for not keeping to the terms of their agreement. It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred.
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