Professional Documents
Culture Documents
Poor Dad
By :Robert Kiyosaki
Sharon Lecher C.P.A
Presented by:
Pradeep Prabhuchanderkar
EMBA05 – Roll No.16
What Rich Teach
Their Kids
About Money That
Poor & Middle class
Do Not !
“The poor & middle class
work for money . “ The rich
have money work for them”.
RAT RACE
Study Hard, Graduation, Post Graduation, Job, Marriage,
Children,Promotions/Jobchange,House, Cars,
Good School, Overtime/Part Time Jobs, Vacations…………
Fast Track
Bill Gates,Michale Jordon, Madonna…..
There is a need.
Study Hard, Get Good Grades and you will Find a high
paying job with Great Benefits (Safe & Secure
Jobs)
IS A BAD ADVICE
The world has changed & Changing very fast
and current educational system has failed
to cope up with the change.
Income Expenses
Pay Check. Taxes,
Mortgage
Fixed
Expenses
Assets Liabilities
Home,
Consumer
Loans,
Credit cards
Rich Class Financial Statement
Income Expenses
Dividends,
Interest,
Rental
Income
Assets Liabilities
Stocks,
Bonds,
Real
Estate,IPR
Why Teach Financial Literacy ?
88997777
The way to get Richer is to increase the Cash
Flow from the Assets, keep the expenses less
than the cash Flow generated from these
assets.
4) Law : To make advantages from various provisions in the law for Growth of
the Organization.
The Rich Invent Money
Example : Graham Bell .Formation Of AT & T.
Every Person is Genius ,but excessive Fear & Self Doubt are the greatest
Destructor of Personal Genius.
In today's changing world Job security CAN NOT be taken for granted.
Hence we Must have more OPTIONS.
MONEY IS NOT REAL
In Today's Information Age Just Ideas and agreements are exchanged to MAKE
MONEY.
The Rich Invent Money
Financial Intelligence.
To develop Financial Intelligence fallowing 3 skills needs to be Developed.
1) Skill to apply your mind , what others miss to see with their Eyes.
2) Cynicism
3) Laziness
4) Bad Habits
5) Arrogance
Overcoming Obstacles
To Overcome
Start Educating yourself by finding an Expert or a book on a subject where you know you are
ignorant.
Getting Started
1) You need a reason greater than Reality.
a) I don’t want to work whole of my life.
b) I don’t want to be Employee.
C) I want control over my Time & Life
d) I want Money to work for Me.
2) I choose daily.
I choose to be rich & I make that choice Every Day.
I choose to invest in Education & welcomes NEW Ideas.
3) Choose Friends Carefully.
Choose Rich friends & Poor Friends carefully.
Rich Friends to learn about inside trading, & From poor friends
You can learn What not to Do.
Getting Started
4) Master a formula and then NEW ONE.
In changing world learning New formula Quickly is the secrete of Success.
5) Pay Yourself First.
A) Don’t get into large Debt Position.
B) When you come up short, Don’t dip into your savings or investment.
Let pressure inspire your Financial intelligence to come up with new ways of Making Money to pay
your bills.
6) Pay your brokers well : Take good care of those people who help you to make money work for you.
Getting Started
7) Be An Indian Giver :
How fast do I get my Money back?
So in any investment recover your principle as quickly as possible
8) Assets buys luxuries:
luxuries:
Assets generates Income, Income buys Luxury items.
9) The need for Heroes : When it comes Investing ,too many people make it sound hard. Instead find heroes (Experts )who
will make it look easy.
10) Teach and you shall receive it : Teach , what you know to others who needs it and you will receive new ideas & finer
distinction.
To Do’s
Take Actions
PLAY SMART
Who Said it?
The book that rocked THE FINANCIAL WORLD! J.P.
Morgan declares “ Rich Dad Poor Dad, a must read A Must
read for Millionaires. – THE WALL STREET JOURNAL.