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Poor Dad And Rich Dad Free Account ToPoor Dad And Rich Dad Download RICH DADKIYOSAKI Miranda M Gultom Download with Google Download with Facebook or create a free account to download RICH DAD POOR DAD Telugu Edition by ROBERT T.KIYOSAKI Download RICH DAD POOR DAD Telugu Edition by ROBERT T.KIYOSAKI Miranda M Gultom Loading Preview Sorry, preview is currently unavailable.
Poor Dad And Rich Dad Upgrade Your BrowserRelated Papers Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not by Kiyosaki, Robert T. Mass Market Paperback By Emily Spruill READ PAPER Download pdf. The author also suggests you hire people smarter than you are, something Napoleon Hill also talks about, and the business systems which is something Michael Gerber stresses in his great The E-Myth Revisited. Start Here Power University Blog Social Power Dynamics Career Strategies Dating For Women Dating For Men Relationships Resources Speed Learning Forum Join In Rich Dad Poor Dad Summary Review in PDF September 19, 2017 By Lucio Buffalmano Our Rating Rich Dad Poor Dad teaches readers how a rich man thinks, and how you need to think if you want to become rich. Cash-flow Quadrant More Rich Dad Tips Rich Dad Poor Dad Criticism What I think of the criticism Real Life Applications Rich Dad Poor Dad Audiobook CONS Review Bullet Summary Working for someone else means helping someone get rich while putting little in your pocket The employed middle class pays all the taxes. They subsidized the poor while the rich avoid most taxes Work to learn, not for money Rid yourself of fear, laziness and arrogance to start down the path of wealth Rich Dad Poor Dad Summary Robert Kiyosaki, the author, focuses more on mindsets than on pure practical advice on how to get rich. For this Rich Dad Poor Dad summary I will skip the parables and focus on the concrete advice. Stop Working for People The first and possibly biggest lesson Rich Dad gives to Kiyosaki is to step off the rat race. Working for someone, being an employee, means putting little money in your pocket and lots of money in someone elses pocket. The Rich Dont Work for Money Kiyosaki says most people have been duped into playing it safe and not taking any risks. So we have a whole army of poor and middle-class people exchanging lots of their time for (little) money and some security. ![]() And make sure that you only control assets If you buy a house and live in it while paying mortgage and taxes, you got a liability. If you buy a house and rent it and the rent pays the mortgage and puts something in your pocket, you got an asset. Kiyosaki in this regard gives great simple advice: only buy a house if it makes sense from a cash-flow point of view today -not in the future-. Ask yourself: Is the cash flow positive If the cash flow is positive, then you have an asset. If the cash flow is negative and you believe it will appreciate soon, dont buy it. List of Assets Kiyosaki says the following count as assets: Stocks Bonds Notes (IOUs) Income-generating real estate Royalties from intellectual property (software, music, scripts, patents) Anything that produces income or appreciates (and bonus if it has a liquid market) 4. Rich Corporations Spend, The Poors Pay Taxes Kiyosaki shows a rather belligerent attitude towards government and taxes here, but what he says still rings damn true. Corporates and rich people who shield behind corporates know the systems and use loopholes to pay as little as possible. They accrue income, spend and then only pay taxes later on whats left. Comparatively, its as if you received your salary in full, without taxes detractions, and then paid taxes on what you left at the end of the month. The ignorant gets bullied, the knowledgeable is in with a fighting chance. Work to Learn, not for Money Kiyosaki says you are one skill away from dramatically improving your life. Many talented people are poor because they are only specialized in one skill only. The author uses the example of a girl with a master degree in literature who refused to enroll in a sales and marketing course because she thought that was too beneath her. He asked a room of people how many people can do a better hamburger than McDonald and everyone raised their hands. Everyone can do a better hamburger than McDonald and yet McDonald is a multi-billion corporation because it can sell well. Kiyosaki says some key skills to learn are management skills, business system knowledge, and sales and marketing skills.
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