“When I was a kid, there were no credit cards. Instead, retailers offered layaway plans. My mom would go to a store, such as a furniture outlet, choose the sofa she wanted, and put it on layaway. That meant she put a little money down to hold the sofa, and every payday she'd pay a little toward the purchase.”

American businessman, entrepreneur, and author

Robert Kiyosaki is an American businessman, entrepreneur, and author, known for the Rich Dad Poor Dad series of personal finance books. He founded the Rich Dad Company, which offers personal finance and business education through books and videos, and Rich Global LLC, which filed for bankruptcy in 2012. His writing is centered on money, business, and financial education.