Rich Dad Poor Dad for Teens: The Secrets about Money--That You Don't Learn in School!

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Please be aware that the delivery time frame may vary according to the area of delivery - the approximate delivery time is usually between 1-2 business days. Access-restricted-item true Addeddate 2011-10-25 15:05:55 Bookplateleaf 0002 Boxid IA159421 Boxid_2 CH123101 Camera Canon EOS 5D Mark II City Scottsdale, AZ Donor A gold miner in Peru once told Robert Kiyosaki, “There is gold everywhere. Most people are not trained to see it.” 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. There is no evidence that his 'rich dad' ever actually existed, and Kiyosaki has said 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 even go into his support of con artist Casey Serin. Before you win, you lose. Like all those times you fell off a bicycle before you learned how to ride it. Before people became rich, they lost money. Most people are more afraid of the pain of losing money than the happiness of becoming rich.

Protection from lawsuits: The rich use corporations to protect their assets from creditors, whereas the poor and middle class try to own everything themselves.

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Rich people acquire assets. The poor and middle class acquire liabilities they think are assets,” rich dad says. Delivery with Standard Australia Post usually happens within 2-10 business days from time of dispatch. Please be aware that the delivery time frame may vary according to the area of delivery and due to various reasons, the delivery may take longer than the original estimated timeframe. After three years of hard work, his real estate business was making more than he was at Xerox. His company bought him his first Porsche. His coworkers had no idea that he wasn’t spending his commissions on the Porsche but assets. The world is not comprised of “the rich”, “the middle class” and “the poor” and even if you look at it that way, it is a dangerous (and derogatory) to consider that people are poor because they don’t make their money work for them. Because they’re “losers” (I shit you not) who are too scared to take a risk. Learn business systems, sales and marketing skills, become better at communicating, negotiating, handling fear of rejection, fear of losing money and overcoming cynicism.

The strategy of the average person is: “Work hard, save, and borrow.” But instead of working hard, they should aim to improve their financial intelligence so that they can make more money. The people who get rich the fastest are those who realize that money isn’t real. urn:lcp:richdadpoordadfo00kiyo:epub:86efb566-49a5-4f50-8412-ddaee7c111ff Extramarc University of Toronto Foldoutcount 0 Identifier richdadpoordadfo00kiyo Identifier-ark ark:/13960/t6252wc07 Isbn 0446693219 Lccn 2004006069 Ocr_converted abbyy-to-hocr 1.1.20 Ocr_module_version 0.0.17 Openlibrary OL23028270M Openlibrary_edition For a comprehensive overview of personal finance, How to Money: Your Ultimate Visual Guide to the Basics of Finance by Jean Chatzky and her co-authors would be hard to beat. Steve Burkholder’s I Want More Pizza might be the best choice for teens who want (or need) to know the basics but cringe at the idea of anything resembling homework. Books on more specialized aspects of personal finance are also worth exploring, with Kalman Chany’s Paying for College being a good example. Why Trust Investopedia? Take the time to develop your financial intelligence. Harness the power of your brain and asset column.”However, there is a difference between being a doctor and telling someone they have cancer to help them move on, and lying that there is no cancer because it seems more 'kind' or 'uplifting'. The latter, is, of course, morally reprehensible (said the atheist). If you search for the best non-fiction (business) books list, the one that is popular even today is “Rich Dad, Poor Dad” and after reading it, I understand why. It’s one of the best books on finance and it changed my perspective of looking at money. Robert’s rich dad taught him to be charitable. His poor dad taught him to give away his time and knowledge, but not money. I fear this is the end of positive things I can say on this book. As others have pointed out, Kiyosaki recognizes the importance of professionals and educated people and yet, consistently bashes them. Much of this book is filled with condescending and rude rhetoric towards intellectuals and the working class.

This is a GREAT book! I can definitely say it changed my life and they way I look at money and finances. For example, my husband and I bought investment properties after I had him read it as well. It is very easy and interesting to read. READ IT! READ IT! READ IT! It’s terribly written – it really is abysmal. This book bats you over the head with a few ideas (one of which is that The Poor should just stop being so poor!) through numerous “conversations” with his Rich Dad (who is supposedly the father of his friend). It’s horrendous dialogue; it actually.. I just can’t. It’s horrible. It talks about his father (the Poor Dad) who is university educated and hard working, but supposedly foolishly believes that getting an education and then a secure job is a waste of time. Education – what a joke, right? What a waste of time and money, that could otherwise be spent on high risk ventures that will always make you millions. That can be further invested to make billions. As teenagers, Mike and Robert would work with their rich dad. They studied how he held meetings with his bankers, attorneys, accountants, investors, so forth. Even though his rich dad had left school at 13, he was now directing some very educated people.

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The problem with ‘secure’ investments is that they are often sanitized, that is, made so safe that the gains are less.” In a new deal, rich dad negotiated that Robert continues working for him, but for free. For the next three weeks, Robert and Mike worked for their rich dad for free. Then, on the third Saturday, he took them out to a park for some ice cream. He decided to introduce him to the trap of the rat race. He did this by offering to pay them twenty-five cents an hour. They said no. Rich dad then offered a dollar an hour. They said no. Then, two dollars an hour. They said no. Then, five dollars an hour. And they once again said no. The boys knew that they couldn’t be bought. They were committed to becoming wealthy. People who pay themselves first end up using the money to acquire assets that pay for their expenses, and then they’re leftover is income. People who pay themselves last, lose all their money with expenses. While most people assume that Ray Kroc, the founder of McDonald’s, is in the hamburger business, Kroc once told an MBA class that he’s actually in the real estate business. That’s why he carefully chose every location for his franchises. Today, McDonald’s owns more real estate than any other organization in the world –even the Catholic church. Robert shares, “In conclusion, I became both dads. One part of me is a hard-core capitalist who loves the game of making money. The other part is a socially responsible teacher who is deeply concerned with this ever-widening gap between the haves and the have-nots. I personally hold the archaic education system primarily responsible for this growing gap.” Chapter Seven: Overcoming Obstacles