• Save
Rich dad, poor dad
Upcoming SlideShare
Loading in...5
×
 

Rich dad, poor dad

on

  • 1,046 views

Visit http://www.gofinancials.com

Visit http://www.gofinancials.com

Statistics

Views

Total Views
1,046
Views on SlideShare
1,032
Embed Views
14

Actions

Likes
0
Downloads
0
Comments
0

2 Embeds 14

http://www.gobuildup.com 11
http://gobuildup.com 3

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Rich dad, poor dad Rich dad, poor dad Presentation Transcript

  •  
  • Rich Dad, Poor Dad What the Rich Teach Their Kids About Money – That The Poor and Middle Class Do Not! AUTHOR: Robert T. Kiyosaki PUBLISHER: Warned Books DATE OF PUBLICATION: 2000 NUMBER OF PAGES: 207 pages Book pic
    • A job is a short-term solution to a long-term problem.
    • A highly paid slave is still a slave.
    • Why climb the corporate ladder when you can own the ladder?
    • You are what you think.
    THE BIG IDEA
  • Lesson 1: The Rich Don’t Work For Money
    • Work to Learn.
    • Some people quit a job because it doesn’t pay well. Others see it as an opportunity to learn something new.
  • Lesson 2: Why Teach Financial Literacy?
    • They don’t teach financial literacy at school.
    • Steps to get out of the proverbial rat race:
      • Understand the difference between an asset and a liability.
      • Concentrate your efforts on buying income-earning assets.
      • Focus on keeping liabilities and expenses at a minimum.
  • Lesson 3: Mind Your Own Business
    • Keep your day job but start minding your own business.
    • Don’t spend all your wages.
    • Build a good portfolio of assets.
    • Spend later when these assets bring you greater income.
  • Lesson 4: The History of Taxes and the Power of Corporations
    • Use the Corporation to shelter yourself from heavy taxation.
    • Do your own research and find out what tax laws will bring you the best advantages.
    • Pay yourself first!
    • Key Financial IQ Components:
      • Accounting
      • Investment Strategy
      • Market Behavior
      • Law
  • Lesson 5: The Rich Invent Money
    • Make good use of your time and find the best deals.
    • Identify an opportunity everyone else has missed.
    • Two Types of Investors :
      • Buyers of Packaged Investments.
      • The Professional Investor
        • Identify an opportunity everyone else has missed.
        • Raise capital
        • Organize smart people
  •   Lesson 6: Work to Learn –Don’t Work for Money
    • Learn skills like PR, marketing, and advertising.
    • Take a second job if it means learning more.
    • Three Main Management Skills:
      • Management of Cash Flow
      • Management of Systems
      • Management of People
  •   Lesson 6: Work to Learn –Don’t Work for Money
    • Five Obstacles to Financial Independence
      • Fear.
      • Cynicism.
      • Laziness.
      • Bad Habits.
      • Arrogance.
  •   Lesson 6: Work to Learn –Don’t Work for Money
    • Ten Steps to Awaken Your Financial Genius:
      • Find a reason greater than reality, a big dream.
      • Use the power of choice, daily.
      • Choose your friends carefully.
      • Master a formula. Learn a new one, and learn fast.
      • Pay yourself first .
      • Pay your broker well.
      • Be an Indian giver.
      • Buy luxuries last.
      • Find yourself a hero.
      • Teach and you shall receive.
  •   Lesson 6: Work to Learn –Don’t Work for Money
    • Ten Steps to Awaken Your Financial Genius:
      • Find a reason greater than reality, a big dream.
      • Use the power of choice, daily.
      • Choose your friends carefully.
      • Master a formula. Learn a new one, and learn fast.
      • Pay yourself first .
      • Pay your broker well.
      • Be an Indian giver.
      • Buy luxuries last.
      • Find yourself a hero.
      • Teach and you shall receive.
  • BusinessSummaries.com is a business book Summaries service. Every week, it sends out to subscribers a 9- to 12-page summary of a best-selling business book chosen from among the hundreds of books printed out in the United States every week. For more information, please go to http://www.bizsum.com. ABOUT BUSINESSSUMMARIES