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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.
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RICH DAD POOR DAD by
Robert T. Kiyoski
This book is dedicated to all parents everywhere, a child’s most important teachers.
Robert T. Kiyoski An American investor,
businessman, self-help author, motivational speaker, financial literacy activist, and occasional financial commentator.
Kiyosaki is also an active real estate investor. A large portion of his wealth is concentrated within real estate investing.
Have been on number one on the top 10 best-seller lists simultaneously on The Wall Street Journal, USA Today and the New York Times.
Table Of ContentsThere is a NeedLESSONSChapter One Rich Dad,Poor DadChapter Two The Rich Don’t Work for moneyChapter Three Why Teach Financial Literacy?Chapter Four Mind Your Own BusinessChapter Five The History of Taxes and the power of CorporationsChapter Six The Rich Invent MoneyChapter Seven Work to Learn – Don’t Work for money
INTRODUCTION
There Is a Need
Rich Dad, Poor Dad
There Is a Need The “RAT RACE”- the birth of
another hardworking generation
You, Accountant and Banker–stuck in the same traffic jam.
Each child needs more education-Different Education and Different set of rules.
Importance of financial and communication skills .
CHAPTER ONE
Rich Dad, Poor Dad
Rich Dad, Poor Dad
Rich Dad, Poor Dad “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.
“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 Road Finally Taken“Two roads diverged in a wood , and I took the one less travelled by, And that has made all the difference” -Robert Frost
CHAPTER TWO LESSON ONE:
The Rich Don’t Work For Money
Rich Dad, Poor Dad
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.
CHAPTER THREE LESSON TWO:
Why Teach Financial Literacy?
Rich Dad, Poor Dad
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?
CHAPTER FOUR LESSON THREE:
Mind Your Own Business
Rich Dad, Poor Dad
Mind Your 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.
CHAPTER FIVE LESSON FOUR:
The History of Taxes and The Power of Corporations
Rich Dad, Poor Dad
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.
CHAPTER SIX LESSON FIVE:
The Rich Invent Money
Rich Dad, Poor Dad
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.
CHAPTER SEVEN LESSON SIX:
Work To Learn – Don’t Work For Money
Rich Dad, Poor Dad
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.
Rich Dad, Poor Dad
Overcoming Obstacles
FEAR
ARROGANCELAZINESS
BAD HABITS
CYNICISM
How to develop your God Given Talents?
Rich Dad, Poor Dad
Find a reason greater than reality
Choose Daily
Choose Friends Wisely
Master a Formula and then learn a new one
Pay Yourself First
Pay your brokers well
Be an “Indian Giver”
Assets buy Luxuries
The Need for Heroes
Teach and you shall Receive.
bb
10 Steps For Success
THANK YOUANKIT AULUCK
ANISH JERATH
ARIHANT JAIN
CRITICA LUNIAL
THANK YOUANKIT AULUCKANISH JERATHARIHANT JAIN
CRITICA LUNIAL
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