Rich Dad Poor Dad
By Robert Kiyosaki
It’s been almost a long time since Robert Kiyosaki’s Rich Dad Poor Dad originally caused a ripple effect in the Personal Finance field.
It has since become the Personal Finance book ever… converted into many dialects and sold all throughout the planet.
Rich Dad Poor Dad is Robert’s account of growing up with two fathers — his genuine dad and the dad of his closest companion, his rich father — and the manners by which the two men formed his considerations about cash and contributing. The book detonates the legend that you need to procure a top level salary to be rich and clarifies the contrast between working for cash and having your cash work for you.
Rich dad poor dad book presentation. tells about how rich teaches their children about money that poor dad does not and also tells about savings and start ups
Rich Dad Poor Dad
By Robert Kiyosaki
It’s been almost a long time since Robert Kiyosaki’s Rich Dad Poor Dad originally caused a ripple effect in the Personal Finance field.
It has since become the Personal Finance book ever… converted into many dialects and sold all throughout the planet.
Rich Dad Poor Dad is Robert’s account of growing up with two fathers — his genuine dad and the dad of his closest companion, his rich father — and the manners by which the two men formed his considerations about cash and contributing. The book detonates the legend that you need to procure a top level salary to be rich and clarifies the contrast between working for cash and having your cash work for you.
Rich dad poor dad book presentation. tells about how rich teaches their children about money that poor dad does not and also tells about savings and start ups
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.
The title Rich Dad, Poor Dad refers to the two main male influences that Robert had as a child. His own father, the figurative “poor dad,” worked at a steady job for a living, while the “rich dad” (the father of a friend) ran a multitude of businesses. Most of this book is told from the perspective of Robert learning from his “rich dad” about how to make money – and seeing how his “poor dad” made huge money mistakes. The first two thirds of the book covers six lessons taught to Robert by his rich dad.
In Rich Dad Poor Dad, Robert Kiyosaki summarises the lessons
learned from two different perspectives, that of a poor man, and that of a rich man. Drawing on his own experiences, Kiyosaki discusses how to create financial independence through investing, property ownership and building businesses.
The presentation talks about the very famous book written by the famous author Robert kiyosaki, it talks about how to actually spend money in a smart sensible manner rather than buying anything which will act as a liability. It clearly distinguishes between assets and liability.
Rich dad poor dad book a briefy summary. tells about how rich teaches their children about money that poor dad does not and also tells about savings and start ups
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.
The title Rich Dad, Poor Dad refers to the two main male influences that Robert had as a child. His own father, the figurative “poor dad,” worked at a steady job for a living, while the “rich dad” (the father of a friend) ran a multitude of businesses. Most of this book is told from the perspective of Robert learning from his “rich dad” about how to make money – and seeing how his “poor dad” made huge money mistakes. The first two thirds of the book covers six lessons taught to Robert by his rich dad.
In Rich Dad Poor Dad, Robert Kiyosaki summarises the lessons
learned from two different perspectives, that of a poor man, and that of a rich man. Drawing on his own experiences, Kiyosaki discusses how to create financial independence through investing, property ownership and building businesses.
The presentation talks about the very famous book written by the famous author Robert kiyosaki, it talks about how to actually spend money in a smart sensible manner rather than buying anything which will act as a liability. It clearly distinguishes between assets and liability.
Rich dad poor dad book a briefy summary. tells about how rich teaches their children about money that poor dad does not and also tells about savings and start ups
Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter is a book that came out in 1997 and focuses on the importance of financial literacy from an early age. Throughout the book, the author explains how a person can increase their wealth by investing in assets and by being smart with money.
Book Title— Rich Dad Poor Dad
Author— Robert Kiyosaki, Sharon Lechter
Date of Reading— February, 2023
Rating— 9/10
Table Of Contents
What Is Being Said In Detail
Introduction
Chapter One
Chapter Two – Lesson One: The Rich Don’t Work For Money
Chapter Three – Lesson Two: Why Teach Financial Literacy?
Chapter Four – Lesson Three: Mind Your Own Business
Chapter Five – Lesson Four: The History of Taxes and The Power of Corporations
Chapter Six – Lesson Five: The Rich Invent Money
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Chapter Seven – Lesson Six: Work to Learn – Don’t Work for Money
Chapter Eight – Overcoming Obstacles
Chapter Nine – Getting Started
Chapter Ten – Still Want More? Here are Some To Do’s
Epilogue
Most Important Keywords, Sentences, Quotes
INTRODUCTION
Download The Ebook:Reading Books:The Ultimate Guide
CHAPTER ONE
CHAPTER TWO – Lesson One: The Rich Don’t Work For Money
CHAPTER THREE – Lesson Two: Why Teach Financial Literacy?
CHAPTER FOUR – Lesson Three: Mind Your Own Business
CHAPTER FIVE – Lesson Four: The History of Taxes and The Power of Corporations
CHAPTER SIX – Lesson Five: The Rich Invent Money
CHAPTER SEVEN – Lesson Six: Work to Learn – Don’t Work for Money
CHAPTER EIGHT – Overcoming Obstacles
CHAPTER NINE – Getting Started
CHAPTER TEN – Still Want More? Here are Some To Do’s
EPILOGUE
Book Review (Personal Opinion):
This Book Is For:
If You Want To Learn More
Download The Ebook:Reading Books:The Ultimate Guide
How I’ve Implemented The Ideas From The Book
One Small Actionable Step You Can Do
Download The Ebook:Reading Books:The Ultimate Guide
The most precise summary of rich dad poor dad book by Robert Kiyosaki.
The theme, key points, and the financial advice offered by the Robert Kiyosaki.
This Rich dad poor dad book summary requires only 2-3 minutes.
The Book in Three Sentences
Rich Dad Poor Dad is about Robert Kiyosaki and his two dads—his real father (poor dad) and the father of his best friend (rich dad)—and the ways in which both men shaped his thoughts about money and investing.
You don’t need to earn a high income to be rich.
Rich people make money work for them.
The Five Big Ideas
The poor and the middle-class work for money. The rich have money work for them.
It’s not how much money you make that matters. It’s how much money you keep.
Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.
Financial aptitude is what you do with the money once you make it, how you keep people from taking it from you, how to keep it longer, and how you make money work hard for you.
The single most powerful asset we all have is our minds.
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Rich Dad Poor Dad Lessons
Lesson 1: The Rich Don’t Work for Money
Lesson 2: Why Teach Financial Literacy?
Lesson 3: Mind Your Own Business
Lesson 4: The History of Taxes and The Power of Corporations
Lesson 5: The Rich Invent Money
Lesson 6: Work to Learn—Don’t Work for Money
Rich Dad Poor Dad Summary
“There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.”
“Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.”
“People’s lives are forever controlled by two emotions: fear and greed.”
“So many people say, ‘Oh, I’m not interested in money.’ Yet they’ll work at a job for eight hours a day.”
“Thinking that a job makes you secure is lying to yourself.”
“Intelligence solves problems and produces money.”
“You must know the difference between an asset and a liability and buy assets.”
An asset puts money in your pocket. A liability takes money out of your pocket.
“Illiteracy, both in words and numbers, is the foundation of financial struggle.”
“Money often makes obvious our tragic human flaws, putting a spotlight on what we don’t know.”
“Cash flow tells the story of how a person handles money.”
“Most people don’t understand why they struggle financially because they don’t understand cash flow.”
“The number-one expense for most people is taxes.”
Higher incomes cause higher taxes. This is known as “bracket creep.”
“More money seldom solves someone’s money problems.”
“The fear of being different prevents most people from seeking new ways to solve their problems.”
“A person can be highly educated, professionally successful, and financially illiterate.”
“Many financial problems are caused by trying to keep up with the Joneses.”
Once you understand the difference between assets and liabilities, concentrate your efforts on buying income-generating assets.
“The problem with simply working harder is that each of these three levels takes a greater share
Rich Dad Poor Dad is about Robert Kiyosaki (author) and his two dads—his real father (poor dad) and the father of his best friend (rich dad)—and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you do not need to earn a high income to become rich.
The problem of entrepreneurs is raising capital but raising is not only stategy but the Psychology.
There are 2 keys to success.
1. Startegy 20%
2. Psychology 80% (the Psychology of Raisinging Capital ) is what you want to Become Rich and successful.
3. Mindset of the success if not no matter how much you earn you will never never become Successful .
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This prentation is about money and how to create wealth. It teaches you how to cure an empty pocket and makes known to you the proven principles of wealth creation.
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Suzanne Lagerweij - Influence Without Power - Why Empathy is Your Best Friend...Suzanne Lagerweij
This is a workshop about communication and collaboration. We will experience how we can analyze the reasons for resistance to change (exercise 1) and practice how to improve our conversation style and be more in control and effective in the way we communicate (exercise 2).
This session will use Dave Gray’s Empathy Mapping, Argyris’ Ladder of Inference and The Four Rs from Agile Conversations (Squirrel and Fredrick).
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2. Introduction of author
ROBERT TORU KIYOSAKI WAS BORN ON APRIL 8, 1947.
AN AMERICAN INVESTOR, BUSINESSMAN, SELF-HELP
AUTHOR, MOTIVATIONAL SPEAKER, FINANCIAL LITERACY
ACTIVIST, AND OCCASIONAL FINANCIAL COMMENTATOR
KIYOSAKI IS THE FOUNDER OF THE RICH DAD COMPANY, A
PRIVATE FINANCIAL EDUCATION COMPANY THAT PROVIDES
PERSONAL FINANCE AND BUSINESS EDUCATION TO PEOPLE
THROUGH BOOKS.
3. Detail of Publication
Publisher :- Warner Books Ed
Date :- April 1, 2000
4. LESSONS
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 Corporations
Chapter Six The Rich Invent Money
Chapter Seven Work to Learn – Don’t Work for money
5. 1. Rich Dad, Poor Dad
“The Lack of money is root
Of all evil.”
How can I afford it?
Study hard so you can find a
good company to
buy.
Learn To Manage Risks
Money works for me.
Simply created investments.
“The Love of money is root
Of all evil.”
I Can’t afford it.
Study hard so that you can
find a good company to
work for.
When it comes to money,
Play it safe, don’t take risks.
I Work for money.
Struggled to save dollars.
6. 2. 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 life's 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.
7. 3. 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?
8. 4. Mind Your Own 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.
9. 5. 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.
10. 6. 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.
11. 7. 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.
12. SUMMARY
The book is largely based on Kiyosaki`s childhood upbringing and education in Hawaii. It
highlights the different attitudes to money, work, and life of two men (i.e. “rich dad”and “poor dad”),
and how they in turn influenced key decision in Kiyosaki`s life.
Kiyosaki`s personal story, upbringing and his business and investment ventures thoughts his early
adult life and into the late 1990s.
What the rich teach their kids about money that the poor and middle class do not.
The idea that your primary residence and financial literacy.
How stronger business and financial skills, aptitude and experience play a role in one’s financial
success.
13. Critical Appreciation and Conclusion
Some chapter of this book focuses on tips to create and build
personal wealth. The author says to find a motivator grater than
reality and to empower the mind. He says people need to have a
strange purpose for living.
The next tip he gives is to feed the mind. He also says to choose
friend carefully. The author also says to have heroes because they
can be inspiring. He also preaches generosity and to pay your
broker well. He also says to drop what you’re doing if it’s no longer
working.