RICH

DAD
POOR DAD
PRESENTED BY-
T.KRUSHI KUMAR
ROLL NO-109
SECTION-C
WHAT THE RICH TEACH
KIDS ABOUT MONEY-

THAT THE POOR AND

MIDDLE CLASS DO NOT!
Details
RICH DAD , POOR DAD
Author : Robert T. Kiyosaki
Publisher : Plata Publishing , LLC
Printed in USA
First Edition : 1997
Category : Economics
 Author : Robert T. Kiyosaki

Robert Toru Kiyosaki (born

April 8, 1947) is an Japanese
American investor, business
man, self-
help author, motivational
speaker, financial literacy
activist, and
occasional financial
commentator
“Having 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
Salient Features
 Financial Literacy
 Concepts are explained using the
numbers , pictures and metaphors
 Mantra to become rich
 Informative + Inspiring
 Down-to-earth
CONTRAST
POOR DAD RICH DAD

 Get job in good company Create or buy a

 “ The love of money is company
the root of all evil.”  “ The lack of money
 I can’t afford it is the root of all evil.”
 Play safe  How can I afford it ?
 Works for money  Learn to manage
risks
“There is difference between being
 Moneypoorworks
and being
for him
broke . Broke is temporary , poor is eternal. “
Why Teach Financial Literacy?
It is not important how much money you
make , it is how much money you keep.

Understand the difference between assets

and liability.
Financial Statement
MIND YOUR OWN BUSINESS

Financial struggle is often the result of people

working all their life for someone else.

Owner or shareholders of the company.

Government

Banks
History Of Taxes & Power Of
Corporation
Robin Hood : Collect it from the rich and
give it to poor.

Learn to minimize the taxes.

The Rich Invent Money
 Make Good Use of Time
 Identify an opportunity Everyone else
missed

Two Types of investors:

1.Buyers of packaged Investments
2.The PROFESSIONAL Investor
Work to Learn, Don’t Work for Money

 Learn skills like PR, Marketing and

advertising.

 Take a second job if it means learning

more.
Overcoming Obstacles
Five Obstacles to Financial Independence
1. Fear
2. Cynicism
3. Laziness
4. Bad Habits
5. Arrogance
 10 steps to awaken your financial genius:

The power of spirit. The power of choice.

Greatness is not a
function of
circumstance.
Greatness , it
turns out , is
largely a matter of
conscious choice
 The power of association.
 “A man only learns in two ways, one by
reading, and the other by association with
smarter people.”
-by Will Rogers.

 The power of learning quickly.

 “He is most original who adapts from the
most sources.”
-by John Adair.
• The power of self-discipline. The power of
good advice
 The power of getting something for nothing.
 The power of focus.

 The power of myth.

 The power of giving.
 Think and take action.
 Stop doing what you are doing.
 Action beats inaction.
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
CONCLUSION

Not everyone seems pleased with the rather blunt

way Robert Kiyosaki explains these money making
principles in his book, and I partially agree.
However, there is much knowledge to be gained if
you are able to look past that layer.