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RICH FATHER POOR FATHER PDF

Wednesday, July 31, 2019


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 purchase this book without a cover, or purchase a PDF, jpg, or tiff copy of this book.


Rich Father Poor Father Pdf

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Editorial Reviews. resourceone.info Review. Personal-finance author and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to. resourceone.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

Storage units and sell space …. 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: Middle Class is gullible for paying for everyone Employees are enriching someone else while putting little in their own pockets Employees are enriching the government and fat cats politicians Employees are the equivalent of the nice guys who make everyone happy except themselves Rich Dad Poor Dad PDF Why on earth are you looking for Rich Dad Poor Dad PDF??

To ruin your eyes and posture in front of a computer? 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.

Rich Dad, Poor Dad

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. Caustic Towards Education There seem to be a hidden trend where Kiyosaki is hiding some anger towards the typical white collar well educated employee. I understand where that is coming from as I sometimes feel the same, but you gotta move beyond that.

Education, even university education, is not the antithesis of entrepreneurship, risk and hard work. As a matter of fact, I would advise to get that degree which will make your risks safer: whenever you fail or whenever you need a degree make it easier for you to get a job and rebuild some wealth to start afresh. I find it very demeaning and extremely simplistic.

There are plenty of employees who got wealthy — Jack Welch , technically, is an employee-. 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.

Is a job the best solution to this over the long run? How do I make income beyond just earning a higher salary? Congratulations on a good job with a solid employer. Who are you selling your time to? Who are you making rich? Borrow money to get what you want.

Focus on creating money first. Then buy things with the excess.

Learning the First Lesson As a 9 year old, Robert Kiyosaki is rejected socially by the rich kids in his public school. He asks his dad, a teacher, how to get rich and make money, but his dad has no satisfactory answer. He commiserates with his best friend Mike, the only other non-visibly-wealthy kid in the school. They start a misguided idea to melt down metal toothpaste tubes and mint their own nickels.

Rich Dad is different since he seems to be paving his own way. Rich Dad is busy, but meets with them early in the morning between his regular business meetings with his managers.

Take it or leave it. Opportunities come and go. Being able to know when to make quick decisions is an important skill.

You have an opportunity that you asked for. They know this is an unfair wage. After laboring for 3 hours over 3 weekends, Robert Kiyosaki gets upset and wants to quit.

Before the meeting, Poor Dad advises the author to demand what he deserved — at least 25 cents an hour. Without the raise, Robert Kiyosaki should quit immediately.

In less than a month, you sound like most of my employees. Fear governs their emotions around money, and they become a slave to working to make money.

Life pushes everyone around. Many people quit and let the pushing happen. Some get angry and push back, but in the wrong direction — against the boss, their job, their spouse, or the world. Others learn the lesson, try to get better, and move on. By getting angry, the author showed Rich Dad that he had enough passion and independence of mind to be worth teaching. I have more than employees, and not one of them has asked me what I know about money.

They ask me for a job and a paycheck, but never to teach them about money. So most will spend the best years of their lives working for money, not really understanding what it is they are working for.

So I decided to let life push you around a bit so you could hear me. When Kiyosaki is confused, Rich Dad advises him to use his head.

Each person has a weak and needy part of their soul that can be bought. Each person also has a part of their soul that is strong and can never be bought. The point of the lesson: most people run endlessly in a loop between fear and greed.

Fear of not having money makes people work hard. Then once they get a paycheck, greed gets them salivating over all the things money can buy. They spend the money thinking it can buy joy, but the joy is short-lived.

Rich Dad Poor Dad: Summary & Review in PDF

Soon they have money problems, and fear drives back in. This cycles endlessly, even as their paycheck increases — this is the Rat Race. Money ends up running their lives. Even rich people are subject to this fear — the more money they get, the more terrified they are of losing it. They fear losing social standing, and the weak part of their soul gets even more desperate. Rich Dad was trying to teach the kids not to give into emotions around money, but rather to delay reactions and think.

Taking on the job for free was the first resistance to emotions. Next, raising the hourly wage for the kids was a metaphor for adult salaries. Incremental raises trigger hopes for incremental advancements to life, causing people to live in a perpetual loop and never truly exploring their dreams.

Keep using your brain, work for free, and soon your mind will show you ways of making money far beyond what I could ever pay you. You will see things that other people never see.

Opportunities right in front of their noses.

Could they collect the books, then start a comic book library open to the public? They could charge other kids 10 cents admission for unlimited reading — a clear bargain, since a comic costs 10 cents each. After three months, bullies broke into the room, and Rich Dad suggested they shut down the business. But the lesson was learned: by not being paid, they were forced to find opportunities to make money. They avoided being distracted by the short-term carrot.

Many then take their earnings to 1 buy stuff they think will make them happy but this is short-lived , 2 save the remainder in a conservative way. They get rich so by owning things. No one on the Forbes billionaire list got there purely with a salary.

This can be a piece of a business, real estate, natural resource, intellectual property, or other similar things. But somehow or other, you need to own equity in something, instead of just selling your time.

Time only scales linearly. The key to financial independence is having money that makes more money. The bottom diagram is the balance sheet. It shows how much in assets and liabilities you have.

Assets are things that make money over time. Liabilities are something that spend money over time. Meanwhile, they minimize their spending on Expenses and buying Liabilities, to have more money to buy more Assets.

Your profession is how you draw a salary. Your business is how, independent of you, your money makes more money. The profession is selling hamburger franchises, but the business is accumulating income-producing real estate.

You might have the goal of financial independence, which is to no longer be dependent on your wages. The basic steps for financial independence are: Figure out how much money you need per year to survive.

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Figure out how much in assets you need to generate a return that exceeds the first number after taxes and expenses. Acquire assets that return that amount. So how do you put your money to work for you? The key is to buy things that generate income assets. You do NOT want to buy things that lose money over time or incur large expenses liabilities. This is obvious enough.

Rich Dad Poor Dad PDF 2019 book by Robert Toru Kiyosaki

But the most deceptive investments look like assets, but are actually liabilities. In steady state, this represents monthly negative cashflow that requires income to compensate. Now she has high monthly expenses, so she has to keep working to sustain it. The money tied up as a down payment, building up home equity, and paying expenses has a large opportunity cost. That money could be better spent on higher returning assets.

Even if real estate appreciates, you get the gain only on liquidation.

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Because your cash is spent on the house, you never have enough money to think about what to do with it. This prevents building up the financial education to become a sophisticated investor. And typically the monthly mortgage payment is lower than the monthly rent, which is where people often get tripped up. A proper analysis would compare the long-term outcome of these two options: the cost of buying a home, including the down payment, annual expenses, and likely appreciation of home value renting an identical property, increases in rental costs in proportion with home value appreciation, and investment returns of the extra cash from not buying a home e.Neither is a clear home run as you would expect in a relatively efficient market like real estate.

The tax man will always take more if you let him. I have more than employees, and not one of them has asked me what I know about money. You cannot spend your life buying liabilities, you need to be buying assets.

It will sound like too much work. He asked a room of people how many people can do a better hamburger than McDonald and everyone raised their hands. Misc: if you do specialize, make sure you have a union. The fear of losing is greater than the excitement of winning. While he loved both, they were very different when it came to dealing with finances.