I am going to talk about 6 lessons which took author to master them 30 years
Rich dad poor dad
Robin toru kiyosaki
is an Japanese American
self-help author, motivational
speaker, financial literacy
activist and occasional
Does orthodox education provides
knowledge on financial education?
Why the rich get richer and poor
Poor/Middle : I work for money!
Rich : Money work for me!
#1 The Rich Don't Work for Money
#2 Why Teach Financial Literacy?
#3 Mind Your own Business
#4 The History of Taxes and the Power
#5 The Rich Invent Money
#6 Work to Learn Don't Work for Money
#1 The Rich don’t work for
work for money money work for
Fear and greed use emotions to
cause ignorance think
#2 Why teach financial
Golden rule to be rich: know the difference
between the asset and the liability, and buy
Asset :Puts money into your pocket.
Liability : Takes money from your pocket.
Cash flow of poor, middle
• The poor only have assets.
• The middle class buy liabilities they think are assets.
• The rich buy assets.
#3 Mind your business
Mind your own business.
i.e. while excelling with your qualifications and keeping
your day time job, also look for other opportunities
elsewhere to accumulate wealth
Do not depend only on a salaried job.
Some sources of unearned income:
• Interest Payments
#4 The History of Taxes
and the Power of Corporations
Robin Hood : Collect it from the rich and distribute it
to the poor.
It is made up knowledge from four broad areas of expertise
• Accounting : financial literacy is the ability to read and
understand financial statements.
• Investing : science of money MAKING money
• Understanding market : technical aspect of science of supply
• Law : To make advantage from various provisions in the law for
growth of the organization.
#5 The Rich Invent Money
Example : graham bell formation of AT&T
Every person is a genius , but excessive fear & self
doubt are the greatest destructors of personal genius.
Financial genius requires both technical knowledge
as well as courage. If fear is too strong, the genius is
The person who has the most timely information
owns the wealth.
Get creative and take calculative risks
#6 Work to Learn Don't
Work for Money
Job is an acronym for ‘Just Over Broke’.
The main management skills needed for success are:
1. The management of cash flow
2. The management of systems (including yourself
and time with family).
3. The management of people.
The most important specialized skills are sales and
To be truly rich ,we need to able to Give and as well
as to receive.
Five Obstacles to Financial Independence
4. Bad Habits
10 steps to awaken your
The power of spirit.
The power of focus.
The power of myth.
The power of giving.
The power of choice.
The power of association.
The power of good advice.
The power of self discipline.
The power of learning quickly.
The power of getting something for nothing.
Why you should read ?
Broaden your vision
Redefine your views about money
How to start and run a company
In short , if you really have dreams to
touch the sky , this book is highly