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what you Know about Money $$

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this slides will help you to understand about money.

this slides will help you to understand about money.

Published in: Business, Economy & Finance

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  • 1. What you Know about Money $$$ Presented by Ali Al-Qahtani Qahtani6
  • 2.
    • The Wealthy Teach Their Kids About Money.
    • The Poor And Middle Class Don’t.
  • 3.
    • “ If your reason for becoming rich is to look rich, you will never become rich.”
    • We’re being taught to be “Good Employees.”
      • Go to school
      • Get good grades
      • Get a good “JOB”
      • Work hard
      • Maintain good credit
      • So we can consume lots of stuff .
  • 4.  
  • 5.  
  • 6. JOB
  • 7. Financial Intelligence
    • Making more money will not solve your problem if money management is your problem.
  • 8. It is not your boss’ job to make you wealthy or secure. It’s her job to give you a paycheck . . . nothing more .
  • 9.
    • Money is a drug
  • 10. Financial Intelligence
    • Money pushes you around. You will obey money.
      • - Employers/Bosses
      • - Bill collectors
      • - Tax collectors
      • - Family and friends
    • Can you push back?
    • Are you smarter than your money?
    • Answer: Do you work for money, or does money work for you?
  • 11. Financial Intelligence
    • When money works for you,
    • Passive Income: Interest, real estate income, Salary,
    • Your money can work for you or it most certainly will work for someone else.
    • The key is “What investments do you own that will bring you passive income?”
  • 12. Financial Intelligence Rich Dad. Poor Dad’s Basic Philosophy
    • Know the difference between an ASSET and a LIABILITY , and only buy assets .
      • A True Asset gives a positive cash flow each and every month.
    • Make your PASSIVE INCOME cover your Lifestyle Expenses forever.
  • 13. Financial Education
    • Two key personal and business financial statements we all must be able to read.
      • - The Income Statement shows the amount of money coming in and going out.
      • - The Balance Sheet shows the balance of what you own and what you owe.
  • 14. Financial Education Income Statement Balance Sheet Income Expenses (Payments) Assets (Own) Liabilities (Debts)
  • 15. Financial Education Income Statement Balance Sheet Income Expenses (Payments) Assets (Own) Liabilities (Debts) Paycheck, dividends, interest, rents, royalties, profits, advances
  • 16. Financial Literacy (continued) Income Statement Balance Sheet Income Expenses (Payments) Assets (Own) Liabilities (Debts) Taxes, mortgage/rent, cards, car, food, fun, rent, clothes, child care, insurance, medical Paycheck, dividends, interest, rents, royalties, profits, advances
  • 17. Financial Education Income Statement Balance Sheet Income Expenses (Payments) Assets (Own) Liabilities (Debts) Taxes, mortgage/rent, cards, car, food, fun, rent, clothes, child care, insurance, medical Paycheck, dividends, interest, rents, royalties, profits, advances Mortgage, car loan, credit cards, school loans
  • 18. Income Statement Balance Sheet Income Expenses (Payments) Assets (Own) Liabilities (Debt) Taxes, mortgage/rent, cards, car, food, fun, rent, clothes, child care, insurance, medical Paycheck, dividends, interest, rents, royalties, profits, advances Mortgage, car loan, credit cards, school loans Stocks, bonds, notes, real estate, business, intellectual property Financial Education
  • 19. How The Poor Live They only have small incomes and small expenses Income Statement Balance Sheet Income Expenses Assets = Zero Liabilities = Zero
  • 20. How The Poor Live They only have small incomes and small expenses Income Statement Balance Sheet Income Expenses Assets = Zero Liabilities = Zero $ The Wealthy
  • 21. How The Middle Class Live They buy expenses and liabilities they think are assets Income Statement Balance Sheet Income Expenses Assets Liabilities Assets
  • 22. How The Middle Class Live They buy expenses and liabilities they think are assets Income Statement Balance Sheet Income Expenses Assets Liabilities Assets $ The Wealthy
  • 23. How The Wealthy Live They take the income of the poor and middle class, and buy assets that produce more income Income Statement Balance Sheet Income Expenses Assets Liabilities
  • 24. How The Wealthy Live They take the income of the poor and middle class, and buy assets that produce more income Income Statement Balance Sheet Income Expenses Assets Liabilities $ Poor and middle class income
  • 25. Rich Dad’s Cash Flow Quadrant
  • 26. Rich Dad’s Cash Flow Quadrant (modified) You have a job . Someone else is the boss. Security before money.
  • 27. Rich Dad’s Cash Flow Quadrant (modified) You have a job. Someone else is the boss. Security before money . You own a job . Loner/”boss.” Perfectionists. Small bus. owners: Drs. Restaurateurs. Independence before money.
  • 28. Rich Dad’s Cash Flow Quadrant (modified) You have a job. Someone else is the boss. Security before money . You own a job. Loner/”boss.” Perfectionists. Small bus. owners: Drs. Restaurateurs. Independence before money. You own a system that others operate. Coordinator. Delegator. Franchiser. Use other people's time and money.
  • 29. Rich Dad’s Cash Flow Quadrant You have a job. Someone else is the boss. Security before money . You own a job. Loner/”boss.” Perfectionists. Small bus. Owners: Drs., restaurateurs. Independence before money. You own a system that others operate. Coordinator. Delegator. Franchiser. Use other people's time and money. Your money works for you. Make money with money. Other’s liabilities are your assets.
  • 30. Rich Dad’s Cash Flow Quadrant (modified) Job Security Financial Security Financial Freedom Ultimate Financial Freedom Wealth Side Rat Race Side
  • 31. Sample Paths To Financial Freedom Wealth Side Rat Race Side Start End or Start
  • 32. Sample Paths To Financial Freedom Wealth Side Rat Race Side Start End
  • 33. Some Final Thoughts
  • 34.  
  • 35.  
  • 36.