• What the Rich Teach Their Kids

About Money – That The Poor and

Middle Class Do Not !

Robert T. Kiyosaki Robert Toru

Kiyosaki (born April8, 1947) is

an Japanese American investor,

businessman, self-help author,

motivational speaker, financial

literacy activist, and occasional

financial commentator

1.Experience makes you smarter

2.The more you give the more you receive

3.Change the way you think

4.Focus

5.Hard times bring new opportunities.

6. Know what you working hard for.

7. Don’t want to be afraid of losses.

8. Design the business properly.

9. Aim to acquire assets.

10. Stop saving money HEDGE IT.

• 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

• Rich people acquire assets The poor and middle class acquire

liabilities that they think as assets.

• An asset puts money in my pocket .A liability takes money

out of my pocket.

• Cash flow tells the story of how a person handles money.

• A person can be highly educated, professionally successful,

and financially illiterate

• Profession & Business : McDonald Story Financial Struggle

is often directly the result of People working all their life for

some one else.

• Owner or Share Holders of the Company

• Government ( Taxes )

• Banks ( Repayment of Loans )

• Business revolves around the Asset column .

• Collect it from rich and give It to poor.

• You should have the knowledge of finance. Gain knowledge

from 4 broad areas of expertise.

1. Accounting

2. Investing

3. Understanding markets

4. The law

• Learn to minimize the taxes

• There are two types of investors

1. The professional investors ,and

2. The buyers of packaged investors

• Identify an opportunity Everyone else missed

Two Types of investors

• Make Good Use of Time

• Specialization narrows your options and hence your Earning.

• The main management skills needed for Success are,

2. The management of CASH FLOW.

3. The management of Systems

1. The management of People.

4. Communication skill and Most importantly , We need to be a good Teacher.

5. To be truly Rich , we need to be able to give as well as to receive.

• Fear of loosing Money

Start Early

Plan Your Retirement

Be Focused

Winning means being unafraid to loose.

• Cynicism

Unchecked doubts & Fear creates a cynic . Cynic Criticizes, Winners

Analyzes.

• Laziness

Cure for laziness is to induce a little GREED. A little greed

to have better life.

Developing Good Money habit is very important.

• Bad Habits

• Arrogance

Arrogance is defined as an EGO + Ignorance. Arrogance

always makes you to loose Money.

1. You need a reason greater than Reality :

a) I don’t want to work whole of my life .

b) I don’t want to be Employee.

c) I want control over my Time & Life

d) I want Money to work for Me.

2. I choose daily :

i choose to be rich & I make that choice Every Day.

I choose to invest in Education & welcomes NEW Ideas.

3) Choose Friends Carefully :

Choose Rich friends & Poor Friends carefully.

rich Friends to learn about inside trading, & From poor

friends You can learn What not to Do.

• Stop doing what you’re doing.

• Look for new idea.

• Find some one who has done what you want to do.

• Take classes,read,and attend seminars.

• Make lots of offers.

• Jog, walk or drive a certain area once a month for 10 minuts.

• Shop for bargains in all markets.

• Look in the right places.

• Look for people who want to buy first.

Then look for some one who wants to sell.

• Think big

• Learn from history.

• Action always beats inaction.

“How to create financial freedom”. He emphasizes on being

productive with a single person’s financial IQ; Increased in

financial IQ means knowing how to use it to his/her benefit.

Financial literacy if applied on the real world should make an

individual person financial status better. The author suggests

taking full advantage of other people’s skills and talents to

enhance the goals you set in your undertaking, he also

suggested to make do of people who is better than you in other

fields or far more intelligent and manage these resources to

achieve your set up goals.