RICH DAD

Poor Dad
By :Robert Kiyosaki Sharon Lecher C.P.A

Presented by: Pradeep Prabhuchanderkar E BA!" # Ro$$ %o.&'

What Rich Teach Their Kids About Money That Poor & Middle class

Do %ot (

)he poor * +idd$e c$ass

,ork -or +oney . . )he rich ha/e +oney ,ork -or the+. )HE RICH D0%1) 20RK 30R 0%E4.

Poor Dad Vs Rich Dad

The $o/e of Money is root of all Evil I can t afford it. !tudy hard so that you can find a "ood co#$any to %or& for Money Play it safe' (on t ta&e Ris& The $ack of Money is Root of all Evil )o% can I afford it * !tudy )ard so that you can find "ood co#$any to +uy. Money, (on t $lay safe' Play it S+art. Learn to +ana5e Risk.

Poor Dad Vs Rich Dad

(e$ends on co#$any-.overn#ent for $ay hi&e' #edical insurance' retire#ent $lan etc. I a# not interested in Money 0ur ho+e is our $ar5est in/est+ent and our 5reatest asset. +elieves in total financial self reliance.

Money is Po,er. y house is a $iabi$ity and i- your house is your $ar5est in/est+ent you are in )roub$e.

)here is a need.
Study Hard, Get Good Grades and you will Find a high paying job with Great Benefits Safe ! Secure "obs)

RA) RACE
Study Hard6 7raduation6 Post 7raduation6 8ob6 arria5e6 Chi$dren6Pro+otions98obchan5e6House6 Cars6 7ood Schoo$6 0/erti+e9Part )i+e 8obs6 :acations;;;;

3ast )rack Bi$$ 7ates6 icha$e 8ordon6

adonna;..

)here is a need.
Study Hard6 7et 7ood 7rades and you ,i$$ 3ind a hi5h payin5 <ob ,ith 7reat Bene-its =Sa-e * Secure 8obs/

IS A BAD AD:ICE
The world has changed & Changing very fast and current educational system has failed to cope up with the change. Education is the -oundation o- success so are the 3inancia$ ski$$s * Co++unication ski$$s.

)here is a need.
3inancia$ Inte$$i5ence is the enta$ Process /ia ,hich ,e so$/e our 3inancia$ Prob$e+s. But there are di--erent set o- ru$es ,ith ,hich Rich P$ays co+pared to Poor * idd$e c$ass. E>a+p$e : Do,n Si?in59 Ri5ht Si?in5 o- )he Co+pany.

2hy )each 3inancia$ Literacy @

Retire+ent 0 We can work or Not Work and our wealth grows automatically staying way ahead of inflation. In life it is not i#$ortant ho% #uch #oney you #a&e' It is ho% #uch Money you &ee$. Assets : Puts oney in your Pocket. oney out o- a Pocket.

Liabi$ity : It is so+ethin5 that takes

2ea$th : Persons ability to survive so #any days 1or%ard.

Poor 9 idd$e C$ass 3inancia$ State+ent

Inco+e E>penses Pay 2hec&. Ta3es' Mort"a"e 1i3ed E3$enses Assets Liabi$ities
)o#e' 2onsu#er 4oans' 2redit cards

Rich C$ass 3inancia$ State+ent

Inco+e (ividends' Interest' Rental Inco#e Assets
!toc&s' +onds' Real Estate'IPR

E>penses

Liabi$ities

2hy )each 3inancia$ Literacy @ AABBCCCC

)he ,ay to 5et Richer is to increase the Cash 3$o, -ro+ the Assets6 keep the e>penses $ess than the cash 3$o, 5enerated -ro+ these assets. Rein/est+ent process continues ,ith +ore and +ore inco+e -ro+ Sources other than the Physica$ $abor.

ind your 0,n Business

Profession & +usiness 0 Mc(onald !tory 1inancial !tru""le is often directly the result of Peo$le %or&in" all their life for so#e one else. 5%ner or !hare )olders of the 2o#$any .overn#ent 6 Ta3es / +an&s 6 Re$ay#ent of 4oans / Business re/o$/es around the Asset co$u+n.

History o- )a>es * Po,er o- Corporation

Robin Hood : Co$$ect it -ro+ Rich * Distribute it to the Poor.

3inancia$ I.D.
&E It is +ade up o- kno,$ed5e -ro+ 3our Broad Areas o- E>pertise. Accountin5 0 1inancial 4iteracy is the ability to read & understand financial state#ents. In/estin5 : Science oHnderstandin5 oney AKI%7 oney

FE GE IE

arket : )echnica$ aspect o- science o- Supp$y * De+and

La, : )o +ake ad/anta5es -ro+ /arious pro/isions in the $a, -or 7ro,th othe 0r5ani?ation.

)he Rich In/ent

E>a+p$e : 7raha+ Be$$ .3or+ation 0- A) * ).

oney

E/ery Person is 7enius 6but e>cessi/e 3ear * Se$- Doubt are the 5reatest Destructor o- Persona$ 7enius. 2hy De/e$op 3inancia$ I.D. @ In todayJs chan5in5 ,or$d 8ob security CA% %0) be taken -or 5ranted. Hence ,e ust ha/e +ore 0P)I0%S. 0%E4 IS %0) REAL In )odayJs In-or+ation A5e 8ust Ideas and a5ree+ents are e>chan5ed to 0%E4.

AKE

)he Rich In/ent

&E FE GE

oney

3inancia$ Inte$$i5ence.
)o de/e$op 3inancia$ Inte$$i5ence -a$$o,in5 G ski$$s needs to be De/e$oped. Ski$$ to app$y your +ind 6 ,hat others +iss to see ,ith their Eyes. Ski$$ to raise oney :In/estin5 is not buyin5. It is +ore case o- kno,in5.

Ski$$ to choose your ad/isors.

2ork )o Learn # D0%1) 20RK 30R

0%E4

Specia$i?ation narro,s your options and hence your Earnin5 Abi$ities. )he +ain +ana5e+ent ski$$s needed -or Success are6 &E )he +ana5e+ent o- CASH 3L02. FE )he +ana5e+ent o- Syste+s = Inc$udin5 yourse$- * ti+e ,ith -a+i$yE GE )he +ana5e+ent o- Peop$e. IE Ski$$ o- se$$in5 * arketin5 "E Co++unication ski$$ and ost i+portant$y6 'E 2e need to be a 5ood )eacher. )o be tru$y Rich 6 ,e need to be ab$e to 5i/e as ,e$$ as to recei/e.

0/erco+in5 0bstac$es
)he -i/e +ain reasons 3inancia$$y $iterate peop$e stru55$e to beca+e 3inancia$$y Independent are6 &E FE GE IE "E 3ear o- $oosin5 Cynicis+ La?iness Bad Habits Arro5ance oney :

0/erco+in5 0bstac$es
)o 0/erco+e &E 3ear o- $oosin5 oney : AE Start Ear$y BE P$an 4our Retire+ent = Hire 3inancia$ P$anner E CE Be 3ocused 2innin5 +eans bein5 una-raid to $oose. FE Cynicis+ : Hnchecked doubts * 3ear creates a cynic. Cynic Critici?es6 2inners Ana$y?es. GE La?iness K Cure -or $a?iness is to induce a $itt$e 7REED. A $itt$e 5reed to ha/e better $i-e.

0/erco+in5 0bstac$es
)o 0/erco+e6 IE Bad Habits : De/e$opin5 7ood oney habit is /ery i+portant. E>a+p$e : Payin5 bi$$ on the LAS) DA4 o- due Period is A 700D HABI). Payin5 4ou 3irst Is A 700D HABI). "E Arro5ance : Arro5ance is de-ined as an E70 L I5norance. Arro5ance a$,ays +akes you to $oose oney. Start Educatin5 yourse$- by -indin5 an E>pert or a book on a sub<ect ,here you kno, you are i5norant.

7ettin5 Started
&E 4ou need a reason 5reater than Rea$ity. aE I don1t ,ant to ,ork ,ho$e o- +y $i-e. bE I don1t ,ant to be E+p$oyee. CE I ,ant contro$ o/er +y )i+e * Li-e dE I ,ant oney to ,ork -or e. FE I choose dai$y. I choose to be rich * I +ake that choice E/ery Day. I choose to in/est in Education * ,e$co+es %E2 Ideas. GE Choose 3riends Care-u$$y. Choose Rich -riends * Poor 3riends care-u$$y. Rich 3riends to $earn about inside tradin56 * 3ro+ poor -riends 4ou can $earn 2hat not to Do.

7ettin5 Started
aster a -or+u$a and then %E2 0%E. In chan"in" %orld learnin" 7e% for#ula 8uic&ly is the secrete of !uccess. "E Pay 4ourse$- 3irst. A/ (on t "et into lar"e (ebt Position. +/ When you co#e u$ short' (on t di$ into your savin"s or invest#ent. 4et $ressure ins$ire your 1inancial intelli"ence to co#e u$ %ith ne% %ays of Ma&in" Money to $ay your bills. 'E Pay your brokers ,e$$ : Ta&e "ood care of those $eo$le %ho hel$ you to #a&e #oney %or& for you. IE

7ettin5 Started
CE Be An Indian 7i/er : )o% fast do I "et #y Money bac&* !o in any invest#ent recover your $rinci$le as 9uic&ly as $ossible AE Assets buys $u>uries: $u>uries: Assets "enerates Inco#e' Inco#e buys 4u3ury ite#s. BE )he need -or Heroes : When it co#es Investin" 'too #any $eo$le #a&e it sound hard. Instead find heroes 6E3$erts /%ho %ill #a&e it loo& easy. &!E )each and you sha$$ recei/e it : Teach ' %hat you &no% to others %ho needs it and you %ill receive ne% ideas & finer distinction.

#o Do$s
#a%e &ctions D'($# P)&* +# S&F, P)&* S-&R#

.ho Said it/

The book that rocked THE FINANCIAL WORLD! J.P. Morgan dec are! " R#ch Dad Poor Dad$ a %&!t read A M&!t read 'or M# #ona#re!. ( THE WALL )TREET JO*RNAL. The %a#n rea!on +eo+ e !tr&gg e '#nanc#a , #! beca&!e the, ha-e !+ent ,ear! #n !choo b&t earned noth#ng abo&t %one,. The re!& t #! that +eo+ e earn to .ork 'or %one, /. 0&t ne-er earn to ha-e %one, .ork 'or the%. ( Robert T. 1#,oa!k#. " I o-e %, ch# dren 2 .ant to en!&re the, get the be!t ed&cat#on +o!!#b e! Trad#t#ona !choo #ng$ .h# e -er, #%+ortant$ #! no onger eno&gh$ .e a need to &nder!tand %one, and ho. #t .ork!.3 ( )haron Lechter.

Thank!