Rich Dad Poor Dad - English

Rich Dad Poor Dad - English
Description
The book is largely based on
Kiyosaki's childhood upbringing and education in Hawaii.
It highlights the different attitudes toward money, work, and life of two men and
how they influenced key decisions in Kiyosaki's life.
Among some of the book's topics are:
· Robert Kiyosaki's
personal story, upbringing, and his business and investment ventures throughout
his early adult life and into the late 1990s.
· Differentiation
between assets and liabilities
· What the rich teach
their kids about money that the poor and middle class do not
· The base
definitions of income & expenses (profit and loss statement), assets &
liabilities (balance sheet), cashflow = income - expenses (statement of
cashflow) as the foundation of financial literacy and education, for example, the
next point.
· The concept that
your primary residence is not your asset, but the banks asset and your
liability (assets put money in your pocket, liabilities take money out of your
pocket, ie a mortgage takes money out of your pocket and puts it into the banks
pocket).
· The value of
financial intelligence and financial literacy
· How stronger
business and financial skills, aptitude, and experience play a role in one's
financial success
· The vitality of
entrepreneurial and investment skills are both necessary and useful traits to
prosper in a capitalistic society
· The importance of
investing and entrepreneurship in taking control of
one's financial future
Specifications
Product Info | |
Author | Robert T Kiyosaki |