Rich Dad Poor Dad pdf -It is written by Robert Kiyosaki about his two fathers, one was his father who was Poor and another is his friend’s father, who was financially Rich. This is about his fathers finance literacy and their approach about investing money His biological father was highly educated but not financially literate ,always struggling for money.
His second father was not that literate, only passed 8th standard but had good financial literacy. Rich dad poor dad according to Robert Kiyosaki, High Education does not mean to be financially strong, rather to make the decision to invest money in the right place to make you financially literate.
Contents of pdf rich dad poor dad
His second father says for becoming financially strong, people need to invest money on making assets not to buy liabilities. when people earn more money he spends money on purchasing luxury items to facilitate himself whereas he should invest money on making assets so that assets give returns. His Rich father told him some important tips to follow. Below are the content of rich dad poor dad on which author has discussed
- The Rich Don’t Work for Money
- Why Teach Financial Literacy?
- Mind Your Own Business
- The History of Taxes and the Power of Corporations
- The Rich Invent Money
- Work to Learn—Don’t Work for Money
- Overcoming Obstacles
- Getting Started
- Still Want More? Here Are Some To Do’s
- Final Thoughts
The Rich Don’t Work for Money
in rich dad poor dad ,the rich dad says that do not work for money let money be work for you. a person should invest money where they earn money from money, people should invest money on intellectual property (learning new skills) Income Generating Real estate , Business and Stock, from where you can get better return from your investment.
Why Teach Financial Literacy?
Here Rich dad says Financial literacy is necessary to learn. Finance management is not taught in schools and colleges. They prepare students to obtain good jobs not to utilize money in the right place. Accounting Knowledge plays a very vital role in balancing Income and expenses where you can find how one can reduce liabilities and increase assets.
rich dad poor dad pdf download
Mind Your Own Business- In Rich Dad and Poor Dad pdf download ,Keeping your expenses low , reducing liabilities and preparing a strong foundation of assets Rich dad says an individual should start his own business apart from going from a safe zone . hours A business you can control where you earn money when others work for you. whereas Poor Dad said go to school , study hard and secure a good job in a big company for you.
The History of Taxes and the Power of Corporations –Taxes are imposed to give benefits to the middle and poor gradually. Taxes are paid by the Middle and upper middle class along with the rich class. Rich dad says what Middle class people do, they earn, pay taxes then spend on the other hand Rich Person and Corporation houses earn money, spend on business then they pay taxes. A middle class person always struggles to save money because of his liabilities. Rich people mostly save themselves from paying tax rather than middle class individuals.
The Rich Invent Money- Rich try to find ways to invent money means their idea to invent money, Rich execute their idea to make money. According to the Book every person has talent but they suppress their talent by doubting them. if he doubts himself. whether person with bold, smart and adventurous personality would always struggle with finance even if he has a lot money.
Rich dad poor dad pdf
Work to Learn—Don’t Work for Money- Rich people learn all the time, they always work to learn , focus on learning new things and skills. find the skills to be learnt and learn how to sell the idea so that it could reach the maximum people. In the book Kiyosaki gives an example of Macdonald , a simple burger can make money for you because many people can make a better burger than Macdonald but Macdonald provides a burger at a rate equal to street burger. This is the idea of selling the burger to the maximum people and making the money.
Overcoming Obstacles- overcoming obstacles is important. People do not take risks in life due to their fear . According to Kiyosaki many people have fear of losing money because of this they do not take risk to invest money even rich people also have the same fear but they take risk even after having the fear of losing money and win. because they play to win.
Many people struggle financially due to fear, laziness, bad habits and cynicism. they need to overcome them. After death, his highly educated father left unpaid bills to be paid behind him whereas his illiterate father left millions of Dollars behind him for the family, charity and churches. This was because of their different ideas, principles and financial practices.
Rich dad poor dad Summary- Rich dad poor dad Summary talks about managing finances in such a way so that money works for you. People need to focus on learning new skills and work to learn something new so that they can make money by using and overcoming their weakness, which is what rich people do Robert T. Kiyosaki closely watched his both father how his fathers have different approach towards treatment of money and he followed the principles told by his Rich dad to be rich.
Related details of rich dad poor dad pdf drive
|Book Title||Rich Dad Poor Dad|
|Author||Robert T. Kiyosaki|
rich dad poor dad pdf free download by Robert T. Kiyosaki is available in English and Hindi language and the PDF Downloading link of the book is given below to read book online and link of the book is given below to so users can read book online by clicking on the given link.
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