This book is about financial literacy and the differences between how the rich and poor view and handle money. It discusses how the rich acquire assets that generate income, while the poor and middle class focus on liabilities that cost money. The book recommends starting a business rather than just having a job, learning to see opportunities that others miss, using corporations to reduce taxes, and continually learning in order to build wealth over time. The key message is that one should work to learn rather than just for money and focus on building an asset column rather than being stuck in a paycheck mindset.
2. This book is dedicated to all parents e
a child’s most important teache
3. Robert T. Kiyoski
An American investor,
businessman, self-help author,
motivational speaker, financial
literacy activist, and occasional
financial commentator.
Kiyosaki is also an active real
estate investor. A large portion of
his wealth is concentrated within
real estate investing.
Have been on number one on the
top 10 best-seller lists
simultaneously on The Wall
Street Journal, USA Today and
4. Table Of Contents
There is a
Need
LESSONS
Chapter One Rich
Dad,Poor Dad
Chapter Two The Rich
Don’t Work for
money
Chapter Three Why Teach
Financial
Literacy?
Chapter Four Mind Your
Own Business
Chapter Five The History
of Taxes and
the power of
6. There Is a Need
The “RAT RACE”- the birth of
another hardworking
generation
You, Accountant and Banker–
stuck in the same traffic jam.
Each child needs more
education-Different Education
and Different set of rules.
Importance of financial and
communication skills .
Rich Dad, Poor Dad
8. Rich Dad, Poor Dad
“The Lack of money is root “The Love of money is root
Of all evil.” Of all evil.”
How can I afford it? I Can’t afford it.
Study hard so you can Study hard so that you can
find a good company to find a good company to
buy. work for.
Learn To Manage Risks When it comes to money,
Play it safe, don’t take risks.
Money works for me. I Work for money.
Simply created investments. Struggled to save dollars.
Rich Dad, Poor Dad
9. The Road Finally Take
“Two roads diverged in a
wood , and
I took the one less
travelled by,
And that has made all the
difference”
-
Robert Frost
11. The Rich Don’t Work For Money
Life is the best teacher of all.
The poor and the middle class work for
money ,the rich have money to work
for them.
Avoiding one of life's biggest traps –
fear and greed.
School not the end but the beginning.
Ignorance about money causes so
much greed and so much fear.
Seeing what others missed.
Rich Dad, Poor Dad
13. Why teach Financial Literacy?
The rich acquire assets, while
the poor and the middle class
acquire liabilities, which they
think are assets.
Assets are things that create a
cash flow.
Liabilities are things that result
in expenses.
Being Rich vs. Being Wealthy
How long can you survive
without ever having to work?
Rich Dad, Poor Dad
15. Mind Your Business
People confuse their profession
with their business.
Ray Kroc is a salesman by
profession but is in the Business
of Real Estate.
When you do a job, you work for
everyone except yourself.
Rich Dad, Poor Dad
17. History of Taxes and The power
of corporations.
Taxes were invented to ‘penalize’ the
rich.
But taxes end up hurting the middle
class more.
The rich use corporations to save on
their tax liability.
Individuals pay tax first and then get to
spend their income.
Corporations spend first and pay taxes
later.
Corporations also protect you from
lawsuits.
Rich Dad, Poor Dad
19. The Rich Invent Money
You invent your own luck.
Just like luck, money should also
be invented.
Always try to plant seeds in your
asset column.
Intelligent people are those who
work with or hire people more
intelligent than them.
Invest in what you love or what
your interest is.
Rich Dad, Poor Dad
21. Work To Learn, Not for Money.
You never stop learning.
Knowledge is power supreme.
You should know a little about a
lot.
Most people work only because
of the paycheck, not because
they get to learn.
First Specialize, Then Unionize.
Rich Dad, Poor Dad
24. 10 Steps For Success
Find a reason greater than reality
Choose Daily
Choose Friends Wisely
Master a Formula and then learn a new one
Pay Yourself First
Pay your brokers well
Be an “Indian Giver”
Assets buy Luxuries
The Need for Heroes
Teach and you shall Receive.
Rich Dad, Poor Dad