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)
Ankush Gupta(36)
Nikhil John(46)
Supreet Kaur(54)

Rich Dad Poor Dad 1

Secret to become rich?

Rich Dad Poor Dad 2

Author and the book

Vishal Phadke (82)

Rich Dad Poor Dad 3

 Who is Robert Kiyosaki?
• American investor, businessman, self-help author and
motivational speaker
• Served in the Marine Corps as a helicopter gunship
pilot
• In 1975, left Marine Corps and got a job of selling copy
machines at Xerox Corporation
• Has his hands in starting many businesses. Not all
were successful
Point wise
4
 Why this book?
• The book basically is about what people must learn
and practice in order to become financially
independent

• The book talks about two different points of view

about attaining financial independence

• Schools do not equip kids with the information

needed to ensure financial independence
Point wise
Rich Dad Poor Dad 5
 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 and how to get
out of it
 Central Theme

• The world is changing fast and we have to

change with it
• Concept of assets, liabilities and wealth
• Strategies and tips for becoming financially
independent
• Overcoming obstacles
Rich don’t work for money

Supreet Kaur (54)

Rich Dad Poor Dad 8

 Rich don’t work for money

• Don’t work for money i.e. don’t depend on your boss

to make you rich
• The rich makes money but not works for money
• Learn how to make money work for you by cutting
your expenses moderately, investing wisely and
creating opportunities to earn passive incomes
outside of salaries

Point wise
Rich Dad Poor Dad 9
Rich don’t work for money (contd)

• Seek to be a business owner and/or an investor,

rather than an employee
• Fear and desire leads life to a big trap (rat race)
• Use them in your favor, not against yourself.
• Rat race: the more you earn the more you spend.
The fear of not having job and then when we get job,
greed for more money increases.

Point wise
Rich Dad Poor Dad 10
Financial Literacy

- Ninad Bhate (12)

Rich Dad Poor Dad 11

 Financial Literacy
• Money KEPT v/s money MADE

• Assets v/s Liabilities

• Difference between Cash Flows

Rich Dad Poor Dad 12

Cash Flow : Poor person
Job
Income

Expense
Taxes
Food
Rent
Clothes

Asset Liabilities

Rich Dad Poor Dad 13

Cash Flow : Middle class person
Job
Income

Expense
Taxes
Mortgage
Clothes
Fun

Asset Liabilities

Rich Dad Poor Dad 14

Cash Flow : Rich person
Job
Income

Expense
Taxes
Food
Rent
Clothes

Asset Liabilities

Rich Dad Poor Dad 15

Mind your own business!

- Supreet Kaur (54)

Rich Dad Poor Dad 16

 Mind your own business

• Mind your own business. i.e. while excelling with

your qualifications and keeping your day time job,
also look for other opportunities elsewhere to
accumulate wealth
• Do not depend only on a salaried job, or else you will
continue to work for your boss, the government and
the banks (if you have taken a loan), with little or
nothing left to invest in yourself

Point wise
Rich Dad Poor Dad 17
 Mind your business (contd)…
• Rich people buy luxuries last. They build their asset
column first and the income generated from the
asset column is used to buy luxuries later.
• Poor people focus on their income column rather
than asset column. They spend their lives minding
someone else’s business and making that person
rich.
• Profession generates income (working for others)
• Business generates assets (own a business)
Point wise
Rich Dad Poor Dad 18
 Lesson 3: Continued…
• Some sources of unearned income:
– Dividends
– Interest Payments
– Rent
– Royalties
– Stocks
– Bonds
Club with previous slide /
remove this slide
Rich Dad Poor Dad 19
 Financial IQ

Rohan Gholkar (31)

Rich Dad Poor Dad 20

 Financial IQ
Financial IQ is made up of knowledge from four main
areas of expertise:

• Accounting
• Investing
• Understanding Markets
• Law

Rich Dad Poor Dad 21

 Stark Difference
Rich People with Corporations People who work for Corporations
• Earn • Earn
• Spend • Pay taxes
• Pay taxes • Spend
See if tabulating would look better
Try drawing flow Earn -> Spend -> Pay
taxes
Club with previous if it fits

Rich Dad Poor Dad 22

 Title please

Natasha Bharvani (11)

Rich Dad Poor Dad 23

• People’s attitude: why take risks? Why should I
develop my financial IQ?
• Wealth: 300 years ago- Land
Presently - Information
• Game: CashFlow- makes a person evaluate options
• Women now need to be financially independent

Title missing
Rich Dad Poor Dad 24
• Luck is created- Just as money is
• Money isn’t real, it is what we agree it is
• Latest revolution: Humans think with their minds, not
bodies
• Example of smart work: shopping at a bankruptcy
attorney’s office for real estate
Title
Formatting (Space
blank below)
Rich Dad Poor Dad 25
• Financial intelligence is made up of 4 main technical
skills:
- Financial literacy
- Investment strategies
- The market
Text exceeding slide limit
- The law
Title
• ‘ Guts’, ‘daring’ and ‘audacity’ decides our future

• The best deals that make the rich even richer are
reserved for those who understand the game

• People’s attitude= You Rich

CantDad Poordo
Dad that! v/s I don’t know 26
• Two kinds of investors: Those who-
a) Buy a packaged investment
b) Create investments
Title
• To be the second type:
- Need to find an opportunity everyone else has
missed
- Learn How to raise money
- Learn How to organise smart people
Rich Dad Poor Dad 27
Obstacles & Getting Started

Pradnyesha Rode (87)

Rich Dad Poor Dad 28

 Roadblocks to becoming Financially
Independent

• Fear- Its Real

• Cynicism- What if?
• Laziness- Work out
• Habits- Pay yourself
• Arrogance- Educate yourself

Try title in 1 line

Rich Dad Poor Dad 29
 How do I Start?

• I need a reason rather than a reality

• I Choose Daily
• Choose friends carefully
• Master a formula and then learn a new one

Rich Dad Poor Dad 30

 How do I Start?

• Pay yourself first

• Pay your brokers well
• Be an Indian Giver
• Assets Buy Luxuries
• The need for heroes

Rich Dad Poor Dad 31

Something More…

Ankush Gupta (36)

Rich Dad Poor Dad 32

 Here’s something more…

• Stop doing what you are doing

• Look for new ideas
• Find someone who has done what you want to
do
• Take classes and buy tapes
• Make lots of offers
• Jog ,walk or drive a certain area once a month
for ten minutes

Rich Dad Poor Dad 33

 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 beat inaction

Rich Dad Poor Dad 34

Hit the road to get rich!

Rich Dad Poor Dad 35