caite.info it's my Google Drive link download it from here. Rich Dad Poor caite.info - Download as PDF File .pdf), Text File .txt) or read Poor Dad Page 2 The Big Idea FINANCIAL LITERACY = FINANCIAL. Rich Dad Poor Dad - Ebook download as PDF File .pdf) or read book online. Robert Kiyosaki - Cashflow Quadrant - Rich Dad's Guide to Financial Freedom. Uploaded by. jetion84 . N1T MasterofBusinessAdministration (2).
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Page 2/ http://motsach. .. What follows is the story of Robert's two dads, a rich one and a poor .. For example, my poor dad always said, “I'll never be rich. Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money Rich Dad Poor Dad is a starting point for anyone looking to gain control of their nancial fu. Page 2. “Rich Dad Poor Dad is a starting point for anyone looking to If you purchase this book without a cover, or purchase a PDF, jpg, or tiff copy of this book.
April 9, at 6: Robert T. Lesson 5: Rich Dad Mindsets 7. June 9, Rich Dad groomed Kiyosaki and Mike in the same manner.
Use the power of choice.
Professionals become so specialized they cannot apply themselves in other fields and need to form unions to protect their jobs. Enroll in useful seminars. Change your thinking.
Three Main Management Skills 1. Find a reason greater than reality. Bad Habits. They move him from department to department so he learns how each one relates to the other.
Remember you can have a profession. Spending habits should turn into saving and investing habits. Listen to your self and those who are doing what you aim to do. Pay yourself first. Wait for your asset base to grow first.
The Jewel money 3. Buy luxuries last. The Mirror self-awareness The most valuable of the three is the mirror. Teach and you shall receive. Middle class people buy luxuries first. As in money. Master a formula. When you play golf you can imagine you are Tiger Woods.
Tenants can pay for your expenses if you rent out apartments or mini- storage. Without this knowledge of self you will have no direction in life and in your business. Poor Dad Page 9 3. Let the income from your growing assets afford you the new car. The Sword weapons 2. Surround yourself with friends you can learn from. Choose your friends carefully.
Practice self-discipline by keeping expenses low. Pay your broker well. When you do business. If they make more money. If you give without expecting anything in return.
Be an Indian giver. It pays to have friends who are focused and achieving their goals. Return on investment Invest and then take the initial money out after a time when the investment has earned for you.
Savings are used for investing and creating more money. Learn a new one. Find yourself a hero. According to Kiyosaki. This goes for land and other investments.
Many single people sit at home waiting for the phone to ring instead of going out and hitting the dating scene. Take a step back to assess your situation. Learn from history. Think big. Make lots of offers. Stop doing what is not working and look for a new option. Look for new ideas. Take classes and buy tapes. Finding a good business deal is a lot like dating.
People buy only what they can afford so they think small. Ask for tips. Buy the pie and cut it into pieces. Bill Gates became rich before he was Take action. Take a walk through your neighborhood and look for bargain real estate deals.
Take them to lunch. You must go to the market and talk to a lot of people. Find someone who has done what you want to do. Rich Dad Poor Dad-summary2. Flag for inappropriate content. Related titles. Jump to Page. Search inside document. Jennifer Edwards. Maria Jones.
Anonymous XEA8fv4. Pearl Angeli Quisido Canada. Rajashree Muktiar. Dave Li. Iqbal Hossain. Free Starter Personal Finance Book: I'm Jonathan and I've been sharing about money since Father, husband, self-directed investor, financial freedom enthusiast, and perpetual learner. More about me. Follow mymoneyblog. Daily Updates by E-mail Join over 13, other subscribers: Input email and press Enter.
Advertiser Disclosure MyMoneyBlog. Any opinions, analyses, reviews or evaluations provided here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the Advertiser. Return to top of page. You cannot spend your life buying liabilities, you need to be buying assets. Kiyosaki explains that rich people acquire assets and poor people acquire liabilities. There should be one clear way to tell whether something is an asset or a liability.
Ask yourself, does it put money in your pocket, or take money out? An asset will put money into your pocket, be constantly providing a return. Whereas a liability will simply be sucking up your already limited funds. If you want to be rich, simply spend your life buying assets.
If you want to be poor or middle class, spend your life buying liabilities. And we know by now that spending more is not related to being happier. Kiyosaki explains that too many working professionals are struggling financially, they find themselves working harder and harder but never getting any further. The main reasons that people are entering the workforce with little financial education.
Whatever they have been taught in schools tends to be focused on how to make money, they forget about the importance of what to do with it when you have it and how to spend money wisely. SO one of the biggest questions we face now is about owning a house. Is a house considered an asset or a liability? Kiyosaki explains that the majority of working professionals never actually own their homes, they spend their entire working life paying off a mortgage. The pattern of upgrading and buying a new house every few years leads to new year loans, each one larger than the previous.
Kiyosaki believes that having all of your money tied up in your house results in missed opportunities. You are forced to work harder and are fearful of ever being in a position without a regular, steady income. You pour all of your hard earned cash into the house leaving little to invest in any other assets.
Kiyosaki points out that most people purchase houses that are in fact too expensive, this is often because banks are all too happy to lend big amounts of money with high interest. By purchasing a house that is outside of your reasonable budget you are missing out on opportunities.
Kiyosaki explains that you lose time, the time spent paying off your mortgage is time you lose with other assets that could be growing in value. You miss out on additional capital from investments. Often any extra money is spent on maintenance for the house rather than investing.
Because they have no money to invest, they simply do not invest. They work first for the owners of the company, then for the government through taxes, and finally for the bank that owns their mortgage.
Lesson No. Kiyosaki explains that people spend their entire life working for someone else, they are in constant financial strife and they have nothing to show for it when they reach the end of their career.
He explains that there are two schools of thought when it comes to earning an income:. Kiyosaki examined the current education system and how they are getting youth ready for the workforce. They focus all of the attention on getting a good job through learning scholastic skills. Students then go on to study engineering, science, arts, armed forces etc. Once they are appropriately prepared and have the right qualifications, they enter the workforce and start earning an income.
Whenever Kiyosaki asks someone what their business is, they tend to reply with their job title. This highlights the problem that Kiyosaki has with schooling.
Schools encourage students to become what they study. A student studying cooking becomes a chef, someone studying law becomes a lawyer. People are so focused on the career and becoming what they study that they forget about the potential of owning their own business.
Instead of focusing on making themselves richer, they dedicate all of their time and energy into making someone else richer. Your business revolves around your asset column, as opposed to your income column.
The rich focus on their asset columns while everyone else focuses on their income statements. So how do you start to mind your own business?