APPLICATION OF PRINCIPLES

a) Matter of Adaptation
The use of principles by any establishment or business is a matter of ada
ptation. They must be able to adjust with current researches and discoveries abo
ut that particular business.
b) Use of Good Sense
It must be using good senses in applying the knowledge that they have in
mind. Those ideas will be more productive and advantageous if they will be able
to make it reasonable enough but still, skills are equally important.
c) Based on Basic Principles
All things start with basics but even though they're basic, they are not a
bsolute and they have their limitations. Basic principles are guides and they he
lp businesses in comprehending and applying management. They must be used carefu
lly and discreetly.
d) Carefully Planned
Planning is very essential in every business. Businesses must be built al
ong definite, carefully planned lines so that it will be sturdy and will not fal
l down under its own weight.
e) Flexible
A business must be able to withstand the continually changing conditions i
n the business world.

For any business to be established, it must be well-organized and effectively m

anaged. It must be conducted efficiently, in humanized way, economically and goo
d for the public.
LIMITING FACTORS IN APPLYING PRINCIPLES
a) A successful businessman applies the basic underlying principles in accordanc
e with conditions in particular concern.
b) Basic principles can be applied for advantages while in other not, because th
ose limiting factors are there to hinder the way of a full application of the pr
inciples in question.
c) Developed an Ideal Organization
An idea must be constantly in mind and mustnt venerate without a good reaso
n, without using it as a fast pattern that should be maintained at all costs. A
plan can be considered ideal if there were no circumstances blocking in their tr
ack.
d) Limiting Factors
1. Scarcity of Money
Example:
A certain enterprise needs an executive for each of the four divisi
ons namely the finance, sales, production and engineering. But because of scarci
ty of money, they will hire a qualified executive who can be in charge in two ma
jor fields so that they can save money.
2. Placing a Friend or a Relative
Example:
A financially influential member of the company or a major stockholder reco
mmended or insisted of placing a friend or relative in an important position but
the person is not that qualified. So because it s hard to turn down the recomme
ndation, certain adjustments must be done. Those positions are very significant
so, persons who are fully qualified must be the one having it.
3. Company Policies
- Regulations and policies play an important role in stabilizing a busines
s. They keep the company away from big problems and as well as disciplining the
employees and personnel of higher ranks.
4. Available Personnel
- A business will be nothing without the persons behind it but when there
are only limited personnel in it, they must maximize their duties. Even though t
hey re only few, they will succeed if there is a collaboration between them.
5. Weight of Opinion of Influential Executives
- Before considering an opinion, they must talk about that matter deeply.
They must analyze whether it will be essential or not and even if they came from

influential executives, weighing them carefully must be done.

Applying those principles will be beneficial if you followed those limiting fact
ors rightfully.
Roushie :)

Troyrated it1 of 5 starsreview of another edition

I bought this book on the recommendation of a client, and from page one I was fe
eling uncomfortable with it. I pushed aside the part of my mind that was shoutin
g "This guy is trashing highly educated people and the working poor!" and I was
able to actually become enthusiastic about the message of the book.
Here is the message of the book, and as far as I can tell, the only thing of val
ue in its pages:
* When you own something, it is either putting money into your pockets, or takin
g money out of your pockets. Owning a business or earning royalties creates inco
me. Owning a house and a car incurs expenses.
* Try to own things that put money in your pocket.
* If you rely on earning a wage or salary to put money in your pocket, you will
be forever caught up in the vicious cycle of needing money, earning money and sp
ending money.
There you go. That s the big message this book will impart to you, and it will d
o it slowly and repetitively in the first three chapters, leaving the remainder
of the book for the author to drone on and on about how turned $60,000 into $80,
000 without ever going into specifics.
Early in the book the author lists royalties as a form of income. Later in the b
ook he disparages a young writer who laments that she hasn t been "discovered" y
et. He tells her to take courses in marketing, which horrifies her (as it would
me). He goes on to explain that his best-selling books are best sellers because
he knows how to market them.
I then saw the $10+ I dropped on this book as just another dollar in his pocket.
He writes about 200 pages of repetitive, non-specific advice with only one inte
resting message (see above), and people line up to throw money at him because of
a compelling title and a tough-love story. Towards the end, I felt embarassed t
o be seen with this book in public, just like I d feel for responding to a "get
rich quick" spam mail.(less)
flag166 likeslikesee review
Feb 11, 2008Danrated it1 of 5 stars
Recommends it for:nobody
Shelves:personal-finances,fiction
This book may do a good job of getting you excited about your financial future b
ut the false information it teaches negates any benefits.
I believe this book does a disservice to the public. I suspect it was written to
appeal to those who are failing in the world s conventional definition of succe
ss.Didn t go to college? Can t hold down a stable job? Good for you! You haven t
fallen for that waste of time and stupid rat race like all those other suckers!
Saying that higher education isn t worthwhile is misleading. I agree it isn t es
sential (and possibly not even helpful in rare circumstances), but the high corr

elation in the general public between education and wealth cannot be ignored.
He also gives poor advice in finances and investing. For example, not adhering t
o diversification. Or getting out of a stable job (a.k.a. "rat race") where "eve
n if you win you re still a rat."
The author praises learning correct accounting but then proceeds to butcher even
the most fundamentals. For example, his first rule is "You must know the differ
ence between an asset and a liability" but then he proceeds to claim that your h
ome is a liability, not an asset. Completely backwards. Any accountant will tell
you so.
The book is full of exaggerated and sometimes completely false anecdotes -- for
example, it appears the entire premise of the book is false -- there never was a
rich dad and Robert wasn t wealthy until he embraced MLM and started selling ge
t-rich books.
If you just want some motivation, please try another book such as "The Millionai
re Next Door." If you want sound personal financial advice, please read "The Onl
y Investment Guide You ll Ever Need."
Seehttp://www.johntreed.com/Kiyosaki.htmlfor an in-depth critique of Kiyosaki and
charts showing the correlation between education and wealth.(less)
flag59 likeslikesee review
Jul 18, 2007Lrated it5 of 5 starsreview of another edition
Recommends it for:everyone
This book is not just about money. It s about how we are taught to think; how we
are programmed by schools, family, and friends to look at the rich as greedy no
good bloodsuckers and opportunities as risks. It is an attempt to reprogram min
ds to look at why we do what we do.. why do we buy all these shoes, clothes, car
s, jewelry.. have we earned it or are we just trying to maintain an image?
To me the most important thing it teaches is that being educated is the key.. ed
ucated in our motives, in money, in the world around us.. educated does not alwa
ys mean a degree lessons can be learned anywhere at anytime..
The book is great for people like me who think in pictures and in theory. He exp
lains his financial theories clearly and adds diagrams to explain how money flow
s into and out of our wallets. I have read other financial self-help books and t
hey were too detailed, too "do this...do that..." For me that didn t help or mot
ivate me because, I don t do anything unless I want to do it. Other books never
really gave me the why. They told me what I needed to correct.. but if I don t s
ee anything wrong in what I am doing.. why should I take steps to correct it? Th
is book broke down to me the whys. And now I am ready for action.
(less)
flag46 likeslikesee review
Jun 13, 2007Keelyrated it2 of 5 starsreview of another edition
Shelves:non-fiction,reviewed
I read this book while in an Entrepreneur phase. On one hand, it is rather inspi
ring, in a John Madden sort of way. You see, John Madden (American football broa
dcaster) always makes everything sound easy, which may be how he coached the Rai
ders to the superbowl. He ll say something like "now what they need to do here i
s score a touchdown. I think that if they can do that, they will turn this game
around".
I still recall a memorable game where a quarterback s contact fell out, and whil
e he and the refs looked for it, Madden said "now here s a guy who when he wears
glasses, he can see better". When it s explained in such a simple way, it reall

y seems like the easiest thing in the world. Unfortunately, one must remember th
at the 6 5 defensive line is not just going to roll over and say uncle .
Real estate isn t any easier. There s always some conflict around the corner to
trip you up and send you back to square one (or often, square negative one). So,
while this book gives you such excellent advice as "learn from failure", "make
profitable deals", and "work hard for yourself", it doesn t actually give you a
system or method to make money.
This seems a strange irony to me, as this book is clearly marketed to people who
are not smart enough to realize that they should work hard and not give up if
they want to succeed, but who are smart enough to be able to figure all the res
t of the logistics out by themselves.
Now, there are supplementary books that give a lot more in-depth information, bu
t they still tend to fall into similar traps. It seems to me that you are either
the self-motivated entrepreneur-type, or you aren t, and that difference will s
how itself often and early in life. The self-made may use this book, but to cont
inue projects they are already working on, not to start their dream business f
rom scratch.
There is another option for the marketability of this book, but it is not one I
like to think about: depressed people who feel their lives going nowhere trying
to stave off depression by clinging to untenable dreams. For these types, self-h
elp and new age books act like a surrogate (or additional) religion: bolstering
their self-esteem and making them feel as if their dreams are truly within reach
.
Then, years go by and the dream draws no nearer. They get depressed. So they whi
p out this book (or another one like it) and suddenly feel like their millionair
e retirement is only 6 months away! This makes them feel self-satisfied and comp
lacent, so they end up doing nothing until suddenly, months later, they realize
they re no closer to their goal. I m not saying people shouldn t have dreams, an
d I m definitely not saying not to follow them, and I know people get attached t
o their denial, but it s not going to make your life any better.
More than anything, this book is a symptom of the cult of the real estate bubble
, for whom property was never a bad investment: it would never go down and rates
would always get more and more favorable. To say that their view was naively ro
sy would be kind.
One day, so the story goes, Joseph P. Kennedy was getting a shoe shine when the
shine boy started talking about what stocks were good to invest in. This is what
we call market saturation --when one area of business becomes popular, and sud
denly, it seems like everyone is joining in. Kennedy got out before the crash of
29, and an intelligent investor, seeing how many books and reality shows there
were about flipping houses, should have seen the real estate crash coming.
Unfortunately, the fiscal prophets of the self-help section were unable to predi
ct the coming apocalypse--so it s lucky for them that their money was tied up in
book sales and speaking engagements rather than in the real estate deals they w
ere pushing on others. I d like to think that these sales would drop off after t
he miracle of real estate turned out to be another hollow investment bubble, b
ut in these dire times, people are even more desperate to find the path to econo
mic stability.
Now, I know that most people who (don t say peddle , don t say peddle ) market
these self-help (or new age) products are not usually scam artists. Most of the
m believe in what they do; they believe that they are helping people; and I hope
sometimes they do.

However, there is a difference between being a doctor and telling someone they h
ave cancer to help them move on, and lying that there is no cancer because it se
ems more kind or uplifting . The latter, is, of course, morally reprehensible
(said the atheist).
Kiyosaki has built an empire off of this book, and made himself a pretty penny.
He has also been investigated by some critics who have challenged his assertions
about his wealth, real estate successes, and the very premise of the book. Ther
e is no evidence that his rich dad ever actually existed, and Kiyosaki has sai
d in interviews that the character is, at best, a combination of people. However
, at other times he has stated that he definitely does exist. And that doesn t e
ven go into his support of con artist Casey Serin.
Maybe I m wrong, maybe you will buy this book and it will turn your life around,
maybe Kiyosaki is relating a true story of struggle and inspiration--but maybe
not, maybe it will just be another $5 in his pocket and less room on your booksh
elf for real economic and legal texts.(less)
flag42 likeslikesee review
Dec 25, 2008Nolarated it4 of 5 stars
Recommends it for:people who don t want to think "poor" or want to learn about mo
ney
Shelves:nonfiction-financial
While driving for the Thanksgiving vacation, my husband and I listened to Robert
Kiyosakis book, Rich Dad, Poor Dad, on CD. This book helped us to expand and to
think outside the box when it came to money. It gave us many things to think abo
ut and other ways to view our finances. I enjoyed it so much that I not only lis
tened to it twice on CD, but also read the book itself.
In his book, Kiyosaki reveals that he had two fatherly perspectives while growin
g up. His biological father maintained an attitude towards money that kept him s
truggling financially throughout his life. His friends father, who he spent a lot
of time with, held a different perspective, and ultimately prospered. The two m
en regarded money differently, which caused young Robert to compare and ponder t
he different things each dad taught. In doing so, he had to choose which path to
follow, rather than just blindly accept what he learned. He applied these princ
iples in his life, and, like his rich dad, prospered financially.
I enjoyed the way Kiyosaki introduced us to both fathers. He puts us in the scen
e of action, rather than lecturing us, and like he did as a boy, we learn from a
ctions rather than words. This is more successful, I think, than most financial
books, which while helpful can be a little boring.
Kiyosaki presents the six lessons that his rich dad taught him, and then expands
on them. He provides examples and applications. Much of what he says caused me
to change my normal perspective as I considered a different way of thinking. Sim
ilarly, as I read, I could see phrases that I and others have used that mark us
as poor. In fact, over the Thanksgiving holiday, my dad unknowingly repeated about
six or seven things that Kiyosakis poor dad had said! These statements have caused
me to realign many of my thoughts on money.
As we drove, my husband and I frequently stopped the CD to discuss not only the
changes in our thinking but also the inspiration that occurred to us. We began s
eeking opportunities, rather than just blindly accepting the fact that we were b
roke. We discussed business opportunities, and chances we could work to earn rathe
r than work for money.
If this book has a failing, it is that it is more of an overview than a how-to.
It left me wanting to learn more. However, I understand that Kiyosaki has severa

l other books written that appear to dive into the subject more thoroughly, and
I look forward to reading those. Still, this works as a great stepping-off point
to make us reconsider our view of financial issues.
This was clear, well-written, and thought-provoking, and left me wanting to lear
n more. It made for great discussion with my husband, and I felt like we both gr
ew closer as we considered the opportunities around us. I highly recommend this
book to anyone who wishes to increase their financial knowledge.
(less)
flag25 likeslikesee review
Jul 08, 2011Egybookmaster Kottprated it4 of 5 starsreview of another edition

(
flag25 likeslikesee review

Nov 02, 2011Will Thomasrated it5 of 5 stars

Shelves:daily-reading
This book goes on my shelf of four books I read over and over, books I read devo
tionally. It totally revolutionized my outlook not only on making money, but als
o on education. I wish everyone would read this. I wish the close-minded, those
who graduated from whatever school they attended and haven t allowed themselves
a new thought since, could break through the stone walls they have erected aroun
d their souls and let this in. This message can save our world! I am not exagger
ating.
flag22 likeslikesee review
Jun 14, 2010Audreyrated it5 of 5 stars
The life changing book that has been a personal finance best seller for over a d
ecade written by author Robert T. Kiyosaki. This little book has changed the liv
es of many people and their perspective on money, who are in misery, not knowing
how to make ends meet due to lack of financial education. The contents of this
book, tells the story of a young man, who is the author himself, being brought u
p by his natural father the conventional way of getting a job, saving every penn
y, working hard and climbing the corporate ladder. At the same time, he also had
a "second father" who taught him a different way to view things and how to star
t from scratch and build his business into an empire.
I am sure many of us can relate to the story on the part where we were being bro
ught up the conventional way to become workers. As much as we don t wish it to b
e that way, ironically, the education system plays a very big part in educating
our fathers and their fathers to be trained into workers instead of educating th
em and inspire them to become business owners. Ignorance of other available choi
ces, we are trapped in a eternal cycle of working for money, saving up and spend
ing on wasting assets that constantly drains our finances and loses value over t
ime. Welcome to the rat race! Unless we learn and educate ourselves on personal
finance, we will be unknowingly stuck with only one way of thinking, and passing
that knowledge on to the next generation. Talk about vicious cycle!
The main point of this book is to educate yourself on personal finance, which is
to learn how to become financially independent by making money work hard for yo
u and not you working hard to earn every single penny. It teaches you that you d
o not have to be a slave to money and to turn the situation to your advantage. T
here is no need for you to work for another person if you do not want to, in ord
er to fulfill what you want in life. You are in control of your situation and yo
u no longer need to take orders from anyone. You decide how much work you need.
You are your own boss!

...mor

This book has certainly made a huge impact on my life, why not read it and see i
f it will change yours as well? Make that difference now.
Review by Ben Ang
Article Source:Ben Ang
(less)
flag14 likeslikesee review
Apr 02, 2011Mohammed Alsalehrated it5 of 5 starsreview of another edition
Shelves:
..
..
..
..
..

...more

flag14 likeslikesee review

Apr 10, 2008Abbyrated it5 of 5 stars
This is a GREAT book! I can definitely say it changed my life and they way I loo
k at money and finances. For example, my husband and I bought investment propert
ies after I had him read it as well. It is very easy and interesting to read. RE
AD IT! READ IT! READ IT!
Here is one of my favorite lines from it, approximately quoted: "I have never me
t a rich man who hasn t lost a lot of money, but I have met a lot of poor men wh
o have never lost a dime." True! SO TRUE. Everytime I lose money in an investmen
t, I remember how much better I am for investing and making my money work for me
than just hiding it and hoping nothing bad happens to it.
Also, I loved the story of the young talented writer who came to Robert Kiyosaki
and lamented not being able to get published. He told her she was very talented
, and that she should take a sales class. She was mortified. SALES? She was a gi
fted writer, not a lowly salesperson. (I excelled at sales, so I personally alre
ady was thinking she was kind of dumb.) Robert Kiyosaki pointed out that the cov
er if his book said "Best SELLING author", not "Best WRITING author". She was mi
ffed. He was right.
I saw some other reviews saying they disliked the way he talks about people with
tons of education always being poor, as if he is above them and so much smarter
. Honestly, there is nothing wrong with having lots of education and still being
poor, if that s all you want. This book is about how to be smart financially, t
hough. Feel free to be poor. I want to be a millionaire soon. So I learn about m
oney. And I love and learn from Robert Kiyosaki, who is great at that.
Lots of people look at him and get annoyed that he is so rich and successful, an
d don t like him. I instead look at how he is rich and successful, and try to fi
gure out how he did it. Amen.(less)
flag14 likeslikesee review
Jan 21, 2009Daninerated it1 of 5 stars
Recommends it for:Suckers
I ve been wanting to read this for a couple of years. After some recent events i
n my life I wanted to understand the financial thinking of people who were raise
d wealthy and those who were not. The first chapter was great. The storytelling
was simple and informative. It made so much sense to me and I related to it. The
n I started Lesson Two: Why Teach Financial Literacy. It was this chapter that I

realized that homeboy Kiyosaki is quite pompous. I understand that he was using
specific examples in his financial success which is essential for writing a boo
k in this genre but he was just being pretentious and inflated.
It was a line in chapter six that made me halt and decide to put down the book f
or good. It was an example of how his friend bought a rundown house. Kiyosaki wr
ites "It was spooky to look at." What? did this supposedly financially intellige
nt man just say, "It was spooky to look at"? He did. He s not worth my time.
I checked out this book at the library. If I would have bought this book I would
have made him $16.95 richer and me $16.95 poorer. He does know how to invent mo
ney by creating a need. The need is for people to buy his books and products.
Kiyosaki s lectures and advice may appeal to some but I felt like I was being sw
indled. I won t finish this book and will read financial advice from people who
are intelligently wealthy, more humbled and less pompous.(less)
flag13 likeslikesee review
Dec 04, 2013The other Johnrated it3 of 5 stars
Shelves:borrowed,curiosity
"And I will say to my soul, Soul, you have many goods laid up for many years to
come; take your ease, eat, drink and be merry. "
But God said to him, "You fool! This very night your soul is required of you; an
d now who will own what you have prepared?"
That parable popped into my mind when I read this book. This book is about "what
the rich teach their kids about money that the poor and middle class do not." I
t s not so much a manual on how to get rich, but more of a book on the underlyin
g worldview of the wealthy. In it Mr. Kiyosaki contrasts his own father--Poor Da
d--who got a good education, worked hard, but never quite made it big, with the
father of one of his friends, who was quite successful and took Mr. Kiyosaki und
er his wing. I was moved to read this book because, as I ve been looking over my
finances, I wonder if I might not have been doing things wrong. It turns out th
at I m not totally off Mr. Kiyosaki s track. By the grace of God I ve been able
to avoid major debt and I tend to avoid transient luxuries such as fancy cars an
d the latest electronic gadgets. (Of course, my two year "vacation" overseas was
hardly a wealth building choice.) On the other hand, I m too lazy to work hard
and invest my finances responsibly. I m content to stick my excess cash in the b
ank and forget about it. So has the book changed me? I don t know. I don t need
to be rich, but I sure do covet the financial independence that wealth can buy.
Even while I recognize the wisdom that Mr. Kiyosaki offers, I couldn t really bu
y into his world view. I m going to have to think about this some more before I
make any lifestyle changes. Could I recommend this book? Well, it was an enjoyab
le read despite the fact that I find finances boring. But I have two big reserva
tions about it. The first that it was written about ten years ago, in a differen
t financial climate. The second is that Mr. Kiyosaki has other books and materia
ls for sale. I sometimes wonder if maybe the unspoken secret to financial succes
s is to get a lot of people to buy your books and attend your seminars.Caveat em
ptor!(less)
flag13 likeslikesee review
Aug 01, 2012Awab AlShwaikhrated it4 of 5 starsreview of another edition

flag11 likeslikesee review

Feb 03, 2010Angela Alcornrated it4 of 5 starsreview of another edition

Shelves:american-author,business-entrepreneur-career,essential-reading-for-teens,mon
ey,non-fiction,parenting-pregnancy-teaching,we-own,read-2006,ange-recommends,1990-1999
,20th-century,young-adult-educational-material,gtd-lifehack-self-help
I thought this book was great! Along with being a very pleasant read it had many
valuable financial lessons to teach us. Ill quickly go through some of the very
important points.
We really dont get taught anything about financial management in school. Im shocke
d at how many of my friends know nothing about how their credit card works, let
alone how to use simple accounting to correctly assess their financial position.
We need to have financial literacy to survive.
The book explores the types of financial management lessons the rich teach their
children. These are the lessons that the poor and middle class miss out on. The
y are simple and basically revolve around learning as much as possible so that y
ou can make educated decisions about money. Most importantly, this book gives yo
u some basic ideas of things you will need to learn more about.. so youre not jus
t learning useless facts and you are in fact learning the right things to become
financially literate.
A most important thing to learn from this book is that you dont get rich working
for money. Wages will only keep you just above broke. Seriously, how many times
do we have to be told this before we believe it enough to change our lives? Get
out of the rat race!
Most people never see the trap they are in. Robert T Kiyosaki
Most people work because they are afraid of not having money or they desire thin
gs that they think will make them happy. Then they are stuck working for fear of
losing that income. They want security. The aim is to not let money run your li
fe. Curb your desires and dont be afraid of having nothing. Beware of the hole in
your pocket. Dont let your emotions rule your decision making. Think with your h
ead!
With each dollar bill that enters your hand, you and only you have the power to d
etermine your destiny. Spend it foolishly, you choose to be poor. Spend it on li
abilities, you choose to be middle class. Invest it in your mind and learn how t
o acquire assets and you will be choosing wealth as your goal and future. The ch
oice is yours and only yours. Every day with every dollar, you choose to be rich
, poor or middle class. Robert T Kiyosaki
Learn to correctly identify assets and then buy assets. For most people, a home
is a liability not an asset. Assets put money back into your pocket. Make every
dollar you get work for you. Invest it. Then it will come back as more income. E
asy!
Build and keep your asset column strong. Once a dollar goes into it, never let it
come out. Think of it this way, once a dollar goes into your asset column, it b
ecomes your employee. Robert T Kiyosaki
Always make sure you pay yourself first - and that means assets, not splurging!
If you invest your money wisely it will create the income you need to pay the bi
lls later. Plus, it will scare you into making your brain think about how to cre
ate some more money in the meantime. Forbid the words I cant afford it and replace
them with How can I afford it?. Youll turn your brain on and force it to come up wi
th a solution.
Learn legal ways to avoid paying so much in taxes. Protect your investments thro
ugh corporations. Corporations pay less in tax than the highest income brackets.
Now, due to the tiering structure in Australia youd have to be earning quite a b

it before a flat 30% tax rate was less expensive than your tiered rate. But the
point is to LEARN. Find out about taxes and legal ways to minimise them. Talk to
an accountant about your current situation. Hire intelligent people to help you
.
Dont just do what everyone else does. Educate yourself and then take educated ris
ks! Youll get better at it every time you try it.
Sometimes you win and sometimes you learn. Robert T Kiyosaki
Ensure you have enough money not tied up to be able to take advantage of good op
portunities. Just like when you are playing Monopoly, you need to ensure you hav
e sufficient cash to buy properties in auction or you could miss a bargain.
Young people should develop investment portfolios before deciding to own a house
. The benefits of the extra years on the portfolio are phenomenal. What are the
best types of assets? Things that make money by themselves: Businesses that dont
require your presence, managed funds, stocks, bonds, royalties and income-genera
ting real estate.
Money is only an idea. If you want more money simply change your thinking Robert T
Kiyosaki
To start off with, most people need to earn a wage to get their initial funds fo
r investing. This doesnt have to lead to a career. Choose jobs according to what
you will learn from them. Groom yourself as a CEO would groom an young, rising s
tar. Learn a little bit about everything and try not to over-specialise. Special
isation is a risk in itself. What happens if that profession becomes redundant?
Where will you be then?
Get over your fear, cynicism, laziness, bad habits and arrogance. Fear of losing
, rejection, lack of money. We learn by making mistakes. Make some! If what youre
currently doing isnt working you have to change it. Stop being a cynic and ask w
ealthy people you know how they did it. Find role models. Read books. Look for n
ew ideas. Go to seminars. Learn! Beat laziness by asking yourself Whats in it for
me?. Get off your butt and do something about your situation. Now!
A person needs to sit down and ask, Whats in it for me if Im healthy, sexy and good
looking? Or What would my life be like if I never had to work again Or What would I
do if I had all the money I needed?. Without a little greed, the desire to have s
omething better, progress is not made. Robert T Kiyosaki
To receive you must give. Give generously. Teach others what you know as you wil
l learn more also. Help others to have what you want as you will gain also. Give
money to charity. Smile at people. Help others gain contacts and sales. What yo
u give will come back.
e
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Curb your desires and get rid of the hole in your pocket
Make every dollar work for you
Always think "How can I afford it?"
Change what you re doing to something that works
Learn about finance, accounting and taxes
Learn about business communication, sales, advertising and PR
Learn about management: cash flow, systems, personal time management and peopl
Get over your fear of rejection and fear of failure
Work with people smarter than you are
Work to learn
Give generously
Learn about investment options

Learn about how to raise money to finance good opportunities

Keep your finances ready to take advantage of a great deal
Always keep your eye out for good investment opportunities
Make offers
TAKE ACTION!!

Action always beats inaction. Robert T Kiyosaki

Personal plug - I originally reviewed this book for my self-help blog, which is
here:http://bootstrapyourlife.net/(less)
flag9 likeslikesee review
Feb 13, 2009Leslierated it3 of 5 stars
Shelves:nonfiction,business
There were things that I liked and things that I disliked about this book.
Dislikes:
*Author makes exaggerations, blanket statements, and assumptions and then presen
ts them as facts. (i.e. He states that Americans pay 50% in income taxes. Not ma
ny Americans are in this tax bracket, certainly not the person that would be rea
ding this book!)
*Author doesn t understand economics, politics and law well. For instance he sta
tes that "Our staggering national debt is due in large part to highly educated p
...more
flag9 likeslikesee review
Feb 26, 2011Rehab sulimanrated it5 of 5 starsreview of another edition
Shelves:2011
"
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...more
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