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Rich Dad Poor Dad (Book Review)
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Rich Dad Poor Dad (Book Review)

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The book is largely based on Kiyosaki's upbringing and education in Hawaii. It highlights the different attitudes to money, work and life of two men (i.e. his titular "rich dad" and "poor dad"), and …

The book is largely based on Kiyosaki's upbringing and education in Hawaii. It highlights the different attitudes to money, work and life of two men (i.e. his titular "rich dad" and "poor dad"), and how they in turn influenced key decisions in Kiyosaki's life.The book is simply a must read for any aspiring entrepreneur.

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  • 1. RICH DADPOOR DAD by Robert T. Kiyoski
  • 2. This book is dedicated to all parents e a child’s most important teache
  • 3. Robert T. Kiyoski An American investor, businessman, self-help author, motivational speaker, financial literacy activist, and occasional financial commentator. Kiyosaki is also an active real estate investor. A large portion of his wealth is concentrated within real estate investing. Have been on number one on the top 10 best-seller lists simultaneously on The Wall Street Journal, USA Today and
  • 4. Table Of Contents There is a NeedLESSONS Chapter One Rich Dad,Poor Dad Chapter Two The Rich Don’t Work for money Chapter Three Why Teach Financial Literacy? Chapter Four Mind Your Own Business Chapter Five The History of Taxes and the power of
  • 5. IThere Is
  • 6. There Is a Need  The “RAT RACE”- the birth of another hardworking generation  You, Accountant and Banker– stuck in the same traffic jam.  Each child needs more education-Different Education and Different set of rules.  Importance of financial and communication skills .Rich Dad, Poor Dad
  • 7. CRich Dad, P
  • 8. Rich Dad, Poor Dad “The Lack of money is root  “The Love of money is root Of all evil.” Of all evil.” How can I afford it?  I Can’t afford it. Study hard so you can  Study hard so that you can find a good company to find a good company to buy. work for. Learn To Manage Risks  When it comes to money, Play it safe, don’t take risks. Money works for me.  I Work for money. Simply created investments.  Struggled to save dollars. Rich Dad, Poor Dad
  • 9. The Road Finally Take “Two roads diverged in a wood , and I took the one less travelled by, And that has made all the difference” - Robert Frost
  • 10. CThe Rich Don’t Work For
  • 11. The Rich Don’t Work For Money  Life is the best teacher of all.  The poor and the middle class work for money ,the rich have money to work for them.  Avoiding one of lifes biggest traps – fear and greed.  School not the end but the beginning.  Ignorance about money causes so much greed and so much fear.  Seeing what others missed.Rich Dad, Poor Dad
  • 12. CWhy Teach Financial L
  • 13. Why teach Financial Literacy?  The rich acquire assets, while the poor and the middle class acquire liabilities, which they think are assets.  Assets are things that create a cash flow.  Liabilities are things that result in expenses.  Being Rich vs. Being Wealthy  How long can you survive without ever having to work?Rich Dad, Poor Dad
  • 14. CMind Your Own B
  • 15. Mind Your Business  People confuse their profession with their business.  Ray Kroc is a salesman by profession but is in the Business of Real Estate.  When you do a job, you work for everyone except yourself.Rich Dad, Poor Dad
  • 16. CThe History of Taxes a Power of Corp
  • 17. History of Taxes and The power of corporations.  Taxes were invented to ‘penalize’ the rich.  But taxes end up hurting the middle class more.  The rich use corporations to save on their tax liability.  Individuals pay tax first and then get to spend their income.  Corporations spend first and pay taxes later.  Corporations also protect you from lawsuits.Rich Dad, Poor Dad
  • 18. CThe Rich Invent
  • 19. The Rich Invent Money  You invent your own luck.  Just like luck, money should also be invented.  Always try to plant seeds in your asset column.  Intelligent people are those who work with or hire people more intelligent than them.  Invest in what you love or what your interest is.Rich Dad, Poor Dad
  • 20. CWork To Learn – Don’t Wo
  • 21. Work To Learn, Not for Money.  You never stop learning.  Knowledge is power supreme.  You should know a little about a lot.  Most people work only because of the paycheck, not because they get to learn.  First Specialize, Then Unionize.Rich Dad, Poor Dad
  • 22. Overcoming ObstaclesFEAR CYNICISM LAZINESS ARROGANCE BAD HABITS Rich Dad, Poor Dad
  • 23. How to develop your God Given Talents?
  • 24. 10 Steps For Success Find a reason greater than reality Choose Daily Choose Friends Wisely Master a Formula and then learn a new one Pay Yourself First Pay your brokers well Be an “Indian Giver” Assets buy Luxuries The Need for Heroes Teach and you shall Receive. Rich Dad, Poor Dad
  • 25. THANK YOU ANKIT AULUCK ANISH JERATH ANISH JERATH ARIHANT JAINCRITICA LUNIAL ARIHANT JAINCRITICA LUNIAL