Financial literacy is crucial in today's world and books like Rich Dad Poor Dad by Robert Kyosaki can help. In this article, we'll explore some of the key concepts from his book, including the difference between assets and liabilities, the importance of passive income, and the role of education in financial success.

1. Financial
Literacy
D. Kirubhakaran

2. Why
Financial
Literacy?
• It is not how much money you make. It is
about how much money you keep.
• Understanding of Difference between
Assets and Liabilities
• Make money to work for us.
• Difference of Job and Business
• “Wealth is a person’s ability to survive so
many number of days forward – or, if I
stopped working today, how long could I
survive?” – RB. Fuller

3. Keywords of
Financial Literacy
• Income
• Expenses
• Assets
• Liabilities
• Cashflow

4. Assets
• Assets Give you money.
• Need not start a company, Just focus
on Assets.
• increases the cashflow.
• Examples:
• A business does not require your
presence.
• Stocks
• Bonds
• Real Estates
• Royalties
• Capital Gains
• Rental Incomes

5. Liabilities
• Liabilities take money out of
your pockets.
• Unlike Expenses, These are
obligation that you must
repay.
• Examples:
• Debt
• Mortgages or Home
Loans
• All other type of Loans
• Credit Cards

6. Cashflow
• The net amount of cash and cash equivalents
being transferred in and out of a company or a
person’s pocket.
• The Cash travel flow across income, expenses,
assets and liabilities.
• Generally generated by Assets.
• Increasing cashflow only making wealth.

8. Key Areas of
Financial IQ
• Accounting
• being able to read financial statements
and understanding the strengths and
weaknesses of a business
• Investing
• Understanding strategies and models for
making money
• Understanding markets
• knowing about supply, demand, and
market conditions
• Understanding the law
• knowing about tax advantages and
protections

10. Obstacles
• Fear
• You don’t win big with a safe, balanced
portfolio.
• Doubts
• self-doubt or doubts of people in our lives
• Laziness
• you may say you “cant afford it.” That may
be true, but if you ask “How can I afford
it?”
• Bad Habits
• good habits often require a sacrifice
• Arrogance
• Staying humble

11. Some to do
• Stop doing what you’re doing. Try taking a break to assess
what is working or not working for you.
• Look for new ideas. Read books, explore the world, and try to
find new opportunities.
• Find someone who has done what you want to do. Get their
advice.
• Learn. Take classes, read, and talk with people.
• Look for bargains.
• Think big.
• Learn from history.
• Action always beats inaction. When in doubt, act.

12. Lets Find
our Business
Cashflows

13. Thank You