RICH DAD PDF
Rich Dad Poor Dad. Robert T. Kiyosaki. INTRODUCTION. There is a Need. Does school prepare children for the real world? “Study hard and get good grades. Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money. Pages· · MB·, Rich Dad's Guide to Investing-Robert weinratgeber.info “Rich Dad Poor Dad is a starting point for anyone looking to If you download this book w Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money.
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“Rich Dad Poor Dad is a starting point for anyone looking to If you download this book without a cover, or download a PDF, jpg, or tiff copy of this book. weinratgeber.info it's my Google Drive link download it from here. What The Rich Teach Their Kids About Money – That The Poor And Middle Class Do Not!. Robert T. Kiyosaki.
Look at Michael Jordan and Madonna. There are other ways to be successful with money, ways that not many people seem to be talking about.
Kiyosaki explains that this education at home is the driver behind the rich getting richer, the poor getting poorer and the middle class continues to struggle with constant debt. He believes that the considerable debt that countries face is a result of politicians and government officials having very little education on money, yet being in a position of power.
But what is more powerful is financial education. Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth. Study so you can work for a good company vs.
He explains that too many people let life push them around, they let their boss, their job or their families dictate their lives. These are the people who will be successful, they acknowledge the problem and understand that changing themselves, learning and becoming wiser is going to get them where they want to go.
The rich have money work for them. The driving force behind their money behaviour is, therefore, fear rather than passion.
However, Kiyosaki explains that you need passion if you want to learn anything new or find real success. You cannot be living in fear. No matter what the fear is, the fear is whats driving people to stay put. Kiyosaki explains that in many cases when someone is given more money, say in the form of a pay rise, they only land themselves in more debt than before.
They are stuck in the cycle. Most people become a slave to money… and then get angry at their boss. As we previously discussed, the fear of having no money drives us to work hard. But once we are paid, greed sets in and we plan how to spend all of our money on exciting things. Offer them more money, and they continue the cycle by also increasing their spending. This is the Rat Race. Despite the fact that their job may bring them no joy, the continue working because they have a desire for money and the things that money can download.
Rich Dad Poor Dad
However, Kiyosaki explains that joy from money is only ever temporary, something new is only new for a very short period of time. And suddenly you are left wanting for more, and to get more, you need more money. The assumption is that money solves all problems and brings joy, but Kiyosaki believes that the reality is that money does almost the opposite.
You are blinded by your paychecks.
And often these opportunities are missed because everyone is too concerned about the security that a job and a paycheck can bring. However, he explains that the only way to get rich is to become financially literate. The education is absolutely fundamental. Kiyosaki appreciates that accounting is boring, complicated and dull. However, despite its downfalls, accounting is the most important thing you can learn and understand if you want to make money in the long-term.
Rich Dad Poor Dad PDF by Robert Toru Kiyosaki
Keep it simple and straightforward but make sure that they know the essentials. Assets and liabilities Kiyosaki emphasises the importance of understanding that there is a clear difference between assets and liabilities.
You cannot spend your life downloading liabilities, you need to be downloading 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 downloading assets. If you want to be poor or middle class, spend your life downloading 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.
A liability is anything that takes money from your pocket. And make sure that you only control assets. If you download a house and live in it while paying mortgage and taxes, you got a liability. If you download a house and rent it and the rent pays the mortgage and puts something in your pocket, you got an asset. Kiyosaki in this regard gives a great simple advice: Only download a house if it makes sense today.
Is the cash flow positive an asset? Good investment. Is the cash flow negative and you believe it will appreciate soon? Kiyosaki shows a rather belligerent attitude towards government and taxes here, but what he says still rings damn true.
Corporates and rich people who shield behind corporates know the systems and use loopholes to pay as little as possible. Knowing the system, knowing accounting, loopholes, markets, investment vehicles and the law also helps you. The ignorant gets bullied, the knowledgeable is in with a fighting chance.
Kiyosaki says you are one skill away from dramatically improving your life. Many talented people are poor because they are only specialized in one skill only. The author uses the example of a girl with a master degree in literature who refused to enroll in a sales and marketing course because she thought that was too beneath her. He also uses a good example. He asked a room of people how many people can do a better hamburger than McDonald and everyone raised their hands.
Everyone can do a better hamburger than McDonald and yet McDonald is a multi-billion corporation because it can sell well. Kiyosaki says some key skills to learn are management skills, business system knowledge, and sales and marketing skills. The author also suggests you hire people smarter than you are, something Napoleon Hill also talks about, and the business systems which is something Michael Gerber stresses in his great The E-Myth Revisited.
I loved the story Kiyosaki shares. My Note: To me, more than example of looking at the detail, this is a typical example of letting your ego get in the way of what you really want. And a typical example of sacrificing long term goal achievements for short term pain. To increase your financial IQ you must understand the following:.
Online PDF book : Rich Dad Poor Dad by Robert Toru Kiyosaki
The employee in the first square have a job, have no leverage and exchange time for money. The self-employed own a job and how much they work is related to what they earn also read: The E-Myth Revisited. The investor leverages money to make money. And he then proceeds to tear the book apart.
Hamm says that he initially got very inspired by Rich Dad Poor Dad. But after reading John Reed criticism he went through the book a second time and concluded it was a waste of time. A good chunk … is self-help boilerplate. Much of the wisdom can be best described as simplistic, unsophisticated and in some cases, totally absurd. Formal education is a waste of time if you want to get rich.
I look at my own family and cannot help but think how richer they could be if they had heeded the advice which is in this book. They live in the countryside in their way too big houses with gardens. I wonder how that might be.. The truth is deeper than it might seem: If you want to quit the rat race, escape the middle class or be your own man, I find Rich Dad Poor Dad to provide very strong neuro-associations to support it.
Here are some you can use to grow your disgust for being an employee:. Mind you, greed is not bad per se and sometimes you gotta mind your business, but the bigger view should tell us a different story. I believe for example that the best businesses are built with an eye both to the bottom line and to adding value to the customers and the stakeholders.In other words, the deal would have been good if the guy in charge of the deal had stepped aside.
Kiyosaki has co-authored two books with Trump and endorsed him in is presidential campaign. Use your failure to inspire yourself to become a winner. Simply ind a inancial word, look it up in the dictionary, ind more than one deinition for the word, and make ax mental note to use the word in a sentence that week.
Second, most investors lack control or are out of control. Each person has a weak and needy part of their soul that can be bought. The rich focus on their asset columns while everyone else focuses on their income statements. And the idea of downloading time rather than saving time was important to rich dad, but it was not important to me yet. And when it comes to investing, I learned more from my bad investments, investments where I lost money, than I learned from the investments that went smoothly.