RICH DAD POOR DAD

Presented By

Division A Division Alpha

Natasha Bharvani(11) Vishal Phadke(82)

Ninad Bhate (12) Pradnyesha Rode(87)
Rohan Gholkar(31) Pooja Shah(93)
Nishit Gogri(33) Kush Tandon(123)
Ankush Gupta(36)
Nikhil John(46)
Supreet Kaur(54)

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SECRET TO BECOME RICH?

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 AUTHOR:
ROBERT KIYOSAKI

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 Who is Robert Kiyosaki?

 Investor, businessman, self-help author and

motivational speaker
 Gunship pilot at Marine Corps.

 Selling Copy machines (1975)

 Started many business

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 Who is Sharon Lechter?

 Best known as the co-author of ‘Rich

Dad, Poor Dad’ Series.

 Is a CPA, Author, Entrepreneur,

educator, International Speaker and

Philanthropist.

 Actively engaged to advance financial

literacy across the nation.

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 Why this book?
 To learn and practice to become financially
independent
 Two different points of view

 Schools do not equip kids for financial

independence

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 Central Theme

 There is a need for financial literacy

 The poor and middle class work for money

 The rich have money work for them

 The concept of ‘Rat Race’ & how to get out of it

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 Central Theme

 Change ourselves with fast changing world

 Concept of assets, liabilities and wealth

 Strategies and tips for becoming financially

independent
 Overcoming obstacles

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 Rich don’t work for money

 The rich makes money does NOT work for it

 Fear and desire leads life to a big trap (rat race)

 Cut your expenses moderately

 Invest wisely

 Create opportunities to earn passive incomes

 Seek to be a business owner and/or an investor

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 Financial Literacy

 Money KEPT v/s money MADE

 Assets v/s Liabilities

 Your home : Liability or Asset?

 Difference between Cash Flows

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Cash Flow : Poor person
Job
Income

Expense
Taxes
Food
Rent
Clothes

Asset Liabilities

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Cash Flow : Middle class person
Job
Income

Expense
Taxes
Mortgage
Clothes
Fun

Asset Liabilities

Mortgage
Customer loans
Credit Cards

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Cash Flow : Rich person

Income

Expense
Taxes
Food
Rent
Clothes

Asset Liabilities

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 Mind your own business

 Excel with your qualifications

 Do not depend on a salaried job

 Build the asset column first

 Profession generates income while business

generates assets

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 Stark Difference

People with Corporations

 Earn
 Spend
 Pay taxes

People who work for Corporations

 Earn
 Pay taxes
 Spend

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 Financial IQ

Four main areas of expertise of Financial IQ

 Accounting

 Investing

 Understanding Markets

 Law

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 Hard Truths

 Luck is created- just as money

 Money isn’t real, it is what we agree it is

 Humans think with their minds, not bodies

 3 types of people:
 Wait for the right opportunities

 Get the right opportunity but have no money

 Have the right opportunity and the money, but don’t

identify it
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 4 technical skills of Financial Intelligence:
 Financial literacy
 Investment strategies
 The market

 The law

 ‘ Guts’, ‘daring’ and ‘audacity’ decides our future

 Best deals for those who understand the game

 You can’t do that! v/s I don’t know how to do that

yet… 18
 Work to Learn not only for Money
 Two investors –
Buys a packaged investment

Creates investments

 To be the second type:

 Find an opportunity everyone else has missed

 Learn How to raise money

 Learn How to organize smart people

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 Roadblocks

 Fear- Its Real

 Cynicism- What if?

 Laziness- Work out

 Habits- Pay yourself

 Arrogance- Educate yourself

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 How do I Start?

 I need a reason greater than a reality

 I choose daily

 Choose friends carefully

 Master a formula and then learn a new one

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 How do I Start?

 Pay yourself first

 Pay your brokers well

 Be an Indian giver

 Assets buy luxuries

 The need for heroes

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 Here’s something more…

 Stop doing what you are doing

 Look for new ideas

 Find who has done what you want to do

 Take classes and buy tapes

 Make lots of offers

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 And something more…

 Look in the right places

 Look for people who want to buy first, then I

look for someone who wants to sell
 Learn from history

 Action always beats inaction

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 Summary
 A tale of two Dads-
 Highly educated professor (Poor Dad)

 Eighth grade drop-out (Rich Dad)

 Rich Dad teaches lessons on money by

making them learn through experience

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Conventional or Poor Dad’s outlook
 Go to school and get good grades

 Work for a respectable firm

 Earn a livelihood

 Pay your bills and taxes

 Buy liabilities (mortagage, credit card debt)

 Rat Race repeats

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Unconventional Rich Dad’s Outlook:
 You are what you Think

 Job is short-term solution to a long-term

problem
 A highly paid slave is still a slave

 Why climb the corporate ladder when you can

own the ladder?
 Identify an opportunity everyone else has 27
 Perspective on the book
 Entrepreneur’s biggest problem today :
Funding.
 Is it practically possible?

 An eye-opener for new investors in stock

market & real-estate
 Great source of inspiration

 Risk Management 28
 Examples
 Wipro Story

 Infosys Story

 Other multibaggers (Kotak Mahindra etc.)

 Real Estate and Gold

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Hit the road to become rich!

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