Rich dad poor dad ppt

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The poor and the middle class work for money , the rich have money work for them

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Transcript of Rich dad poor dad ppt

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The poor and the middle class work for money , the rich have

money work for them

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RICH DADPOOR DAD

Amit KumarAnkit Chauhan

Gaurav Kumar SinghSabyasachi Sethi

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Details

RICH DAD , POOR DADAuthor : Robert T. KiyosakiBest Seller Publisher : Plata Publishing , LLCPrinted in USAFirst Edition : 1997Category : Economics

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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

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“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

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Salient Features

• Financial Literacy• Concepts are explained using the numbers ,

pictures and metaphors• Mantra to become rich• Informative + Inspiring• Down-to-earth

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CONTRAST

POOR DAD• Get job in good company• “ The love of money is

the root of all evil.”• I can’t afford it • Play safe• Works for money

RICH DAD• Create or buy a

company• “ The lack of money is

the root of all evil.”• How can I afford it ?• Learn to manage risks• Money works for him

“There is difference between being poor and being broke . Broke is temporary , poor is eternal. “

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Why Teach Financial Literacy?

It is not important how much money you make , it is how much money you keep.

Understand the difference between assets and liability.

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Financial Statement

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Financial struggle is often the result of people working all their life for someone else.

Owner or shareholders of the company.

Government

Banks

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History Of Taxes & Power Of Corporation

Robin Hood : Collect it from the rich and give it to poor.

Learn to minimize the taxes.

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The Rich Invent Money

• Make Good Use of Time

• Identify an opportunity Everyone else missed

Two Types of investors:

1.Buyers of packaged Investments

2.The PROFESSIONAL Investor

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Work to Learn, Don’t Work for Money

• Learn skills like PR, Marketing and advertising.

• Take a second job if it means learning more.

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Three main managements skills1. Management of Cash Flow2. Management of Systems3. Management of People

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Overcoming Obstacles

Five Obstacles to Financial Independence1. Fear2. Cynicism3. Laziness4. Bad Habits5. Arrogance

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10 steps to awaken your financial genius:

The power of spirit. The power of choice.

Greatness is not a function of circumstance. Greatness , it turns out , is largely a matter of conscious choice

- JIM COLLINS

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• The power of association.• “A man only learns in two ways, one by

reading, and the other by association with smarter people.”

-by Will Rogers.

• The power of learning quickly.• “He is most original who adapts from the most

sources.” -by John Adair.

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• The power of self-discipline. The power of good advice.

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• The power of getting something for nothing.• The power of focus.

• The power of myth.• The power of giving.

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• Think and take action.• Stop doing what you are doing.• Action beats inaction.

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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

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Criticism

• Brutal use of language for lower and middle section of society

• Rejected the importance of degrees and qualification

• Does not comply with the concept of Taxation

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THANK YOU

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