The document summarizes key lessons from the book "Rich Dad Poor Dad" by Robert Kiyosaki. It discusses how the rich earn money through assets instead of just salaries, and defines assets as things that generate monthly cash flow. Some examples of assets mentioned include real estate, businesses, stocks and bonds. The document also talks about how the rich use corporations and taxes to their advantage, and how developing your financial intelligence can open more career options. Overall, it provides an overview of several important concepts around building wealth that are expanded upon in the book.
Mad About Money is financial management with a difference. It aims to make financial freedom a reality through interactive media and personal and group connect. It is about developing a mindset apart from the general mindset – A mindset which has made the rich rich and left the poor to remain poor.
Mad About Money is financial management with a difference. It aims to make financial freedom a reality through interactive media and personal and group connect. It is about developing a mindset apart from the general mindset – A mindset which has made the rich rich and left the poor to remain poor.
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
Download The Ebook:Reading Books:The Ultimate Guide
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
Mad About Money is financial management with a difference. It aims to make financial freedom a reality through interactive media and personal and group connect. It is about developing a mindset apart from the general mindset – A mindset which has made the rich rich and left the poor to remain poor.
Finanscope, is yet another attempt to help people realize that their financial success is in their own hands and mind. However, job could be a decent way to start earning but one should always look at starting up their own stuff.
Help us to help you in building your business !
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.
10 Steps to Becoming Self Made Millionaire by Rhett Power24Slides
Don’t Expect to Be a Self-Made Millionaire Without these 10 Attributes. Adapted from Rhett Power’s 10 Steps to becoming a self made millionaire, we made a simple infographic that lists these 10 attributes of self-made millionaires.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
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
Download The Ebook:Reading Books:The Ultimate Guide
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
Mad About Money is financial management with a difference. It aims to make financial freedom a reality through interactive media and personal and group connect. It is about developing a mindset apart from the general mindset – A mindset which has made the rich rich and left the poor to remain poor.
Finanscope, is yet another attempt to help people realize that their financial success is in their own hands and mind. However, job could be a decent way to start earning but one should always look at starting up their own stuff.
Help us to help you in building your business !
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.
10 Steps to Becoming Self Made Millionaire by Rhett Power24Slides
Don’t Expect to Be a Self-Made Millionaire Without these 10 Attributes. Adapted from Rhett Power’s 10 Steps to becoming a self made millionaire, we made a simple infographic that lists these 10 attributes of self-made millionaires.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
2. Rich Dad Poor Dad
LESSON 1: THE RICH DON'T WORK FOR MONEY
The poor and the middle-class work for money,
the rich have money work for them.
In the first chapter, the author describes how he and his best
friend, Mike, want to get rich and make money using the illegal
method of creating nickels.
Their plan was foiled by Mike’s father or the rich dad. Rich dad
then shares the necessary financial education with both, and
their first lesson is about escaping the Rat Race.
3. The rich challenge themselves, take risks, break (preconceived)
rules (not laws), and seek financial freedom.
The rich get themselves ready for opportunities when they come
not get ready after the opportunity is come and gone.
Because opportunities in life come and go, the rich make sure
that they are ready to jump on.
The rich don’t get rich merely by being paid higher salaries
(though this is a great help). They get rich by owning things that
make them more money. them when they come.
4. The poor stay comfortable and play it safe in their jobs while
the rich take chances and make themselves uncomfortable
The quote ”nothing ventured, nothing gained” stands as a
reminder that if you don’t try and break out of the mold, you
will stay in it.
People who don’t become rich either spend all their income
on expenses or buy liabilities that increase their expenses but
don’t add income.
5. The key to financial independence is having money that makes
more money.
You want your money to make enough money that you don’t
have to work anymore.
6. Lesson 2:Why Teach Financial Literacy?
It’s not how much money you make. It's how
much money you keep.
In this lesson, rich dad teaches Robert the difference
between an asset and a liability.
We are all taught through the educational system that an
asset is something that you own, and a liability is something
that you owe.
Rich dad challenges this understanding of what an asset and
liability are.
7. Rich dad defines an asset as something that earns you money
in the form of positive cash flow every month.
He also defines a liability as something that Even though
bankers will tell you that your home is an asset because it has
value, the rich see their home as a liability.
The reason why is that a home takes money out of your
pocket every month. takes money out of your pocket every
month.
That same home can become an asset if you move out of the
house and rented the property to a tenant who paid you
enough to cover the expenses plus the extra money in the
form of rent.
8. If a home puts money in your pocket every month it’s an asset, but if
that same home takes money out of your pocket every month it is a
liability.
The rich become rich by accumulating assets and these assets put
money in their pocket every month.
Robert explains that if you want to be rich, you need to play Monopoly.
We all know the monopoly was a fun game but not many of us knew
that it had financial principles that we could all learn to help us be
financially free.
Rich dad said that if you want to be rich you need to play Monopoly
because it will show you how to gain assets that make you money
9. In Monopoly you can earn money through hotels, houses, utility
companies, railroads, etc.
The way you win in Monopoly is by collecting the most assets
and gaining the most money than your opponents.
In Monopoly you are buying businesses and real estate that
make you money if you work or not.
The Business or property is doing all the work for you, so you
don’t have to work.
11. Lesson 3:Mind Your Own Business
Employed people mostly work for everyone but themselves – they enrich
their employers or the owners of their company, then they pay their taxes to
the government, then they pay the bank where they mortgaged their house.
When you see a financially struggling family, that didn’t happen overnight.
That’s usually the culmination of a lifetime of making poor financial
decisions, working everyday to make somebody else’s dreams come true,
reporting every month to a boss whose only goal in life is to wring out one
more drop productivity out of your lifeblood to turn a profit for the company.
12. Professionals have only their job as a source of income.
Rich people, on the other hand, have their assets as sources of multiple
income streams.
13. Types Of Real Assets
● Businesses Run By Other People (Managers)
● Mutual Funds
● Bonds
● Stocks
● Notes (IOU)
● Real Estate
● Royalties From Music, Books, Patents
● Any Valuable Item That Produces Income
14.
15. Taxes were originally voted into law only for the wealthy
citizens, but as government bureaucracies grew bigger and
needed more funding, taxes were levied on the middle class.
But the rich found ready loopholes and created corporation to
limit their risks.
Knowledge of how a corporation works gives the rest an unfair
playing field to lord it over the middle class.
Corporations protect the rich because they’re taxed way less
than an individual worker gets taxed.
16. Corporations can also write off certain expenses as tax deductible,
saving even more money for the company.
Make sure each dollar in your asset column multiplies and gives birth
to more dollars so that you can quit your day job and focus on
nurturing your own business.
17. Lesson 5:how The Rich Invent Money
Each person naturally holds massive potential inside.
Each one is gifted with a skill or talent that’s more developed
than a few others.
But self-doubt and insecurity get in the way of our “becoming”
that we settle for safe, unfulfilling jobs that won’t rock the
boat too much.
Once out of the safety of the academic gates, a person needs
to rely on more than just his scholastic degrees to make it big:
inner resolve, guts, bravado, sixth sense.
18.
19. This something extra, when called forth and used liberally in
everyday dealings, makes the difference between a so-so
future or an awesome one.
This something extra, when called forth and used liberally in
everyday dealings, makes the difference between a so-so
future or an awesome one.
Develop your financial IQ in order to open more options in
your future.
20. This something extra, when called forth and used liberally in
everyday dealings, makes the difference between a so-so future
or an awesome one.
Kiyosaki developed and launched a financial education game
called Cashflow 101 specifically to familiarize his students with
investment terms and understand complex financial concepts.
.
21. LESSON 8:There is gold everywhere. Most people
are not trained to see it.
I wish I could say acquiring wealth was easy for me, but it wasn’t. So
in response to the question “How do I start?” I offer the thought
process I go through on a day-to-day basis.
It really is easy to find great deals. I promise you that. It’s just like
riding a bike.
After a little wobbling, it’s a piece of cake. But when it comes to
money, it takes determination to get through the wobbling.
22. That’s a personal thing. To find million-dollar “deals of a lifetime”
requires us to call on our financial genius.
I believe that each of us has a financial genius within us. The problem is
that our financial genius lies asleep, waiting to be called upon.
It lies asleep because our culture has educated us into believing that
the love of money is the root of all evil.
It has encouraged us to learn a profession so we can work for money
but failed to teach us how to have money work for us.
It taught us not to worry about our financial future because our
company or the government would take care of us when our working
days are over.
23. I offer you the following steps as a process to develop your God-
given powers, powers over which only you have control.
Find a reason greater than reality: the power of spirit
Make daily choices: the power of choice
Choose friends carefully: the power of association
Master a formula and then learn a new one: the power of learning
quickly
24. Pay yourself first: the power of self-discipline
1. Cash flow
2. People
3. Personal time
Pay your brokers well: the power of good advice