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. ence—the dark night of the soul, the call for help, the responding voice, the.. clashes with any other item, Rumi wa Rich Dad, Poor Dad: What the Rich Teach. “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.
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Editorial Reviews. bestthing.info Review. Personal-finance author and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to. bestthing.info it's my Google Drive link download it from here. Rich Dad, Poor Dad is one of the best-selling financial books in history, selling over 35 million copies since its publication in
Rich Dad inverted this — he bought assets first, then paid his bills as late as possible. His reasoning — the threat of having bill collectors was supremely strong motivation to creatively find ways to make more money. Form your own corporation.
Here are the putative benefits:. More people have the potential to be happy, but common obstacles get in the way. People who overcome these obstacles get a huge advantage. Self-doubt or lack of self-confidence hold all of us back, to some degree. Some are affected more than others. In the real world, more than just intelligence and grades is required.
Guts, chutzpah, balls, daring, tenacity, grit are different names for the factor that plays a huge role in success. When you recognize a great opportunity, you must have the courage to chase it. Fear of losing makes you play it safe and avoid opportunities that can have huge upsides and relatively low downsides. Control your fear of losing, money or otherwise.
Everyone has fear of losing money, but you have to handle it properly. Failure will only make you stronger and smarter. Take a loss and make it a win. Use your failure to inspire yourself to become a winner. For winners, losing inspires them. For losers, losing defeats them. Use this to lower the perceived cost of failing.
When Texans win, they win big.
They brag when they lose. And how do Texans handle failure? If you fear all of these things, you can still be rich. Fixating on these reasons pessimistically will paralyze you from taking any productive step.
Some people feel developing financial intelligence is too much hassle. Consider, would you rather put in some hard work now and enjoy decades of a better life, or suffer through the rest of life? Counterintuitively , busy people are often the most lazy.
Rich Dad Poor Dad: Summary & Review in PDF
Forcing yourself to think about how to make more money is like exercising at the gym. The more you work your mental money muscles out, the stronger you get.
Find areas that people are loath to work in, and there are likely unclaimed opportunities there. In reality, self-interest generally, wanting to make your own life better drives innovation and value for other people.
This is the cornerstone of capitalism.
Condemning greed might be a trained defense, learned helplessness. Even though secretly I would love to be rich. Intelligent people welcome new ideas, since new ideas add synergy with other ideas.
Some people have an allergy to learning sales techniques, without realizing that much of the world runs on sales of some sort.
Rich Dad Poor Dad
Developing financial intelligence pays off huge returns. If your mind is trained well, you can create enormous wealth in what in the grand scope of things is an instant. An untrained mind can also create poverty that lasts lifetimes.
Taken together, financial intelligence allows you to construct creative ways to solve financial problems, vet the ones that are more likely to work, then have the technical ability to execute them. Consider that spending money on financial intelligence is like downloading yourself life — you may save on years of working because of making the right decisions. Great opportunities arise in a changing world.
Then factories and industry became the new basis for wealth. And by its nature, information changes more rapidly than land or manufacturing.
Robert Kiyosaki mentions jogging through his neighborhood to spot which houses were listed for sale for longer than others, and making low-ball offers for these houses. Charlie Munger: The more you learn and the more experience you get, the more money you make, which gives you more chances to learn even further. The faster you can iterate your knowledge, the faster the returns compound. Often, they just need to learn and master one more skill to dramatically boost their income.
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:.
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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. I think that if they can do that, they will turn this game around". I still recall a memorable game where a quarterback's contact fell out, and while he and th I read this book while in an Entrepreneur phase.
I still recall a memorable game where a quarterback's contact fell out, and while he and the refs looked for it, Madden said "now here's a guy who when he wears glasses, he can see better". When it's explained in such a simple way, it really seems like the easiest thing in the world.
Unfortunately, one must remember that the 6'5 defensive line is not just going to roll over and say 'uncle'. Real estate isn't any easier. There's always some conflict around the corner to trip you up and send you back to square one or often, square negative one.
So, while this book gives you such excellent advice as "learn from failure", "make profitable deals", and "work hard for yourself", it doesn't actually give you a system or method to make money.For these types, self-help and new age books act like a surrogate or additional religion: bolstering their self-esteem and making them feel as if their dreams are truly within reach.
But those mindsets are really good. A student studying cooking becomes a chef, someone studying law becomes a lawyer.
The more you learn and the more experience you get, the more money you make, which gives you more chances to learn even further. I still recall a memorable game where a quarterback's contact fell out, and while he and th I read this book while in an Entrepreneur phase.
Find someone who has done what you want to do.
Kiyosaki lives in Arizona with his wife Kim and interestingly as a close relationship with Donald Trump. Comments Andy says: But then I reminded myself I read to tease out great insights , not to criticize. It will sound like too much work.
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