RICH DAD POOR DAD

Robert Kiyosaki
Rich do not Why teach
work for financial
money literacy

The history of
Mind your own taxes and
business power of
corporations

Rich invent
Work to learn
money
not for money

Overcoming Getting
obstacles statrted
This book nine lessons:

 Rich do not work for money

 Why teach financial literacy
 Mind your own business
 The history of taxes and the power of corporations
 The rich invent money
 Work to learn don’t work for money
 Overcoming obstacles
 Getting started
 Still want more
I. Rich do not work for money

 Poor work for money but rich have money work for them
 Passion does not direct them but fear does
 People’s lives are always controlled by two emotions;
a) fear
b) greed
 So many people will say I’m not invested in money yet they work for hours a
day
 A job is really a short-term solution for long-term problems
 Emotional thought
II. Why teach financial literacy

 It’s not how much money you earn it’s about how much money you keep
 Intelligence solves problems and produces money
 If you want to be rich you need to be financially literate
 Rich acquire assets but poor acquire liabilities
a) differentiate between assets and liabilities
b) assets put money in pocket but liabilities take out
c) cash flow tells how money is being handled
d) how financial dream turns into financial nightmares
e) rich assets, middle class liabilities, poor expenses
III. Mind your own business

 The rich focus on their assets column while everyone else focus on their
income statement
 Financial struggle is often result of people working all their lives for someone
else
 Be focused on what you are doing
 Stuck to your work
IV. The history of taxes and the power
of corporation
 Taxes were made to punish the rich
 Once government gets taste of money it’s appetite grew
 Large organizations are respected ( less people are hired less are paid)
“if you work for money you give the power to your employer
if money works for you , you keep the power and controls it”
 Business owners with corporation
a)earn
b) spend
c) pay taxes
 Employees who work for corporation
a)earn
b) pay taxes
c) spend
V. The rich invent money

 Resist change
 Comfort zone addiction
 Cash-flow cycle
“the single most powerful asset we all have in our mind
if it is trained well it can create enormous wealth”
 Technical skills:
a) accounting
b) investing
c) understanding markets
d) the law
“ the problem with secure investments is that they are
often sanitized that is made so safe that gains are less”
 Find an opportunity that everyone else missed ,raise money ,organize smart people
VI. Work to learn do not work for
money
 Pro educated mindset
 Education system
 Main management skills are:
a) management of cash flow
b) management of system
c) ) management of people
VII. Overcoming obstacles

 fear
 Cynicism
 Laziness
 Bad habits
 Arrogance
VIII.Getting started

 Find a reason greater than reality ( the power of spirit)

 Make daily choices(the power of choice, invest in education)
 Choose friends carefully (the power of associations)
 Master a formula and then learn a new one (the power of learning quickly)
 Pay yourself first(the power of discipline)
a) cash flow
b) people
c) personal time
 Pay your broker well (power of good advice)
 The power of getting something for nothing
 Use assets to buy luxuries (the power of focus)
 Choose heroes(the power of myth)
 Teach and you shall receive the power of giving
IX. Still want more

 Stop doing what you are doing

 Look for new ideas
 Find someone who has done with what you want to do
 Take classes , read and attend seminars
 Make lots of efforts
 Finding a good deal , right business , right people, right investors
 Jog , walk, or drive a certain are once for a month for 10min
 Shop for bargains in all markets
 Look in the right place
 Look for the people who want to buy first
 Think big
 Learn from history
 Actions always beats inaction