Post on 13-Jan-2017
RICH DAD AND POOR DAD
- ROBERT T. KIYOSAKI
BUSINESS COMMUNICATION (BOOK REVIEW)V.I.T 2015-16
GROUP MEMBERS
Aishwarya K Sneha S Shubhra S Mansi C Vrudhi C Reshma K
Author : Robert T. Kiyosaki
Robert Toru Kiyosaki (born April 8, 1947) is –
An Japanese-American investor, Businessman, Self-help author, Motivational speaker, Financial literacy activist, and Occasional financial commentator
Introduction : RICH DAD POOR DAD
“Having two dads offered me the choice of contrasting points of view :
one of a rich man and one of a poor man” by- Robert Kiyosaki
Lesson 1 : The Rich Don’t Work For Money “The poor and the middle
class work for money. The rich have money work for them.”
Rich really did “make money.” They did not work for it.
Lesson 2 :Why Teach
Financial Literacy ?
“If you want to be rich, you need to be financially literate.
The rich buy assets.
The poor only have expenses.
The middle class buy liabilities; they think are assets."
Lesson 3 : MIND YOUR OWN BUSINESS
RICH POOR and MIDDLEAsset columns
Work for themselves
Indulge very rarely in Luxuries.
Income statements.
Work for owners of their companies, then for government through taxes.
Indulge in Luxuries very often, even buys it on Credits.
Lesson 4: THE HISTORY OF TAXES AND THE POWER OF CORPORATIONS
The rich created the corporation as a vehicle to limit their risk
Rich use their resources Employees earn and get taxed. A Corporation earns, spends
everything it can, and is taxed on anything that is left.
Lesson 5 :THE RICH INVENT MONEY –HOW ? Making MONEY is a SKILL.
Financial intelligence is simply having more options.
Invest more in financial education
The single most powerful asset we all have is our mind.
Lesson 6 :WORK TO LEARN— DON'T
WORK FOR MONEY Sales, accounting, investing, and law-
synergy of Making Money.
Sales and Marketing –Ability to Sell
Communication skills
How to overcome obstacles?
How to get started?
If one still wants more, here are some
dos
Why you should read ?
Broaden your vision
Redefine your views about money
How to start and run a company
In short , if you really have Dreams to touch the Sky , this book is highly recommended
THANK YOU