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RICH DAD AND POOR DAD
ROBERT T. KIYOSAKI
BUSINESS COMMUNICATION (BOOK REVIEW)V.I.T 2015-16
Aishwarya KSneha SShubhra SMansi CVrudhi CReshma K
Author : Robert T. Kiyosaki
Robert Toru Kiyosaki(born April 8, 1947) is
An Japanese-Americaninvestor,Businessman,Self-helpauthor,Motivational speaker,Financial literacy activist, andOccasionalfinancial commentator
Introduction : RICH DAD POOR DADHaving 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 Dont 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
RICHPOOR 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 riskRich use their resourcesEmployees 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
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