Characters in the Book

8/6/2019 Characters in the Book

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Presentation on:

Prepared By:Kalpesh Gadaria

Ankur Joshi

IF YOU'RE DOING SOMETHING YOU CARE DEEPLY ABOUT AND IF YOU BELIEVE IN IT,

IT'S IMPOSSIBLE TO IMAGINE NOT TRYING TO MAKE IT GREAT."

Guided By:Prof. Sangita Soman

Rich Dad, Poor Dad


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Characters in the book:


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Poor Dad


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Poor Dad

Rich Dad


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Poor Dad

Rich Dad

Robert T. Kiyosaki (author)


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Poor dad

Educated but lacking the street smarts

Emphasis on learning, and taking a job in

reputed company, working hard, savingmoney

Work for money, security, salaries, raise,

promotion

Trapped in rat race


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Rich dad:

very little education (eighth grade), tons of

street smarts

Manage risk instead of not taking risk Instead of I cant afford it, Think How can I

afford it


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Robert T. Kiyosaki

the spectator who learns lessons from both

but internalizes only rich dads traits


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Attitude contrast or difference

between rich dad and poor dad:RICH DAD POOR DAD

the lack of money is the root of all evil love of money is the root of all evil

How can I afford it I cant afford it

Have people work hard to put money in your

pocket.

Put a little money in your pocket and a bunch

of money in someone elses pocket

Earns money, invest most of it

, and is taxed on anything thats left

earn money, pay taxes on that money, and live

with whats left.

Manage risk instead of not taking risk Dont take risk & dont bother about manage it

Rich build up the asset column Poor build up the liability column (expenses).

make ones money work for him. work hard to have enough money to pay the

bills


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Important Lessons from the Book:

1. Rich Dad, Poor Dad

- Dont trapped in Rate Race

2. Why teach financial Literacy- Financial literacy = financial independence

- Intelligence solves problems and produces .

Money without financial intelligence ismoney soon gone.


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3. Mind your own Business:

->Ex. Of Xerox photocopiers & Real estate

4. The History of Taxes and the Power ofCorporations

-> individuals earn money, pay taxes on thatmoney, and live with whats left. The

corporation, on the other hand, earns money,spends everything it can, and is taxed onanything thats left.


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5. Rich Invent money

- A trained mind is a rich mind.

- By capitalizing on the knowledge of others, anintelligent individual builds his own knowledge baseand therefore has more power over those who donthave knowledge

6. Work to Learn, Dont Work for Money

- The author mentions management skills. He says

individuals need to know how to manage cash flow,systems, and people. To that he throws in selling andmarketing skills. He puts equal emphasis oncommunication skills


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7. Overcoming Obstacles:

- fear, cynicism, laziness, bad habits, arrogance.

- that it is healthy to be greedy, so when faced with adecision, a person must always ask, Whats in it forme?

8. Getting Started

- financial genius in oneself by empowering the mind.

- The author also advises people to choose friends

carefully- Have heroes

- Pay yourself first

Characters in the Book

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