rich dad poor dad presentacion

8/9/2019 Rich Dad Poor Dad Presentacion

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The Consumer Economy andRich Dad. Poor Dad.

What The Wealthy Teach Their Kids

About MoneyThat The Poor And Middle Class Dont.


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The Consumer Economy

Continuous growth through continuous consumption.

Most of us define ourselves in terms of:

How much and what we consume.

Our role in the making of what we consume.

Our ability to persuade others to consume.

Its philosophy is spreading throughout the world. Is it truly satisfying?

If your reason for becoming rich is to look rich, you

will never become rich.


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The Consumer Economy

We are a free country, not necessarily a faircountry. We are all free to fail.

Were being taught to be Good Employees.Go to schoolGet good gradesGet a good JOB

Work hardMaintain good creditSo we can consume lots of stuff.

JOB for most means Just Over Broke.

Should we be taught how to become Wealthy?


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Most of the following ideas about money and wealth creation

are From Robert Kiyosaki and his partner and co-author,Sharon Lechter. I highly recommend that study their writings

more deeply on your own.


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Financial Intelligence

It is not your boss job to make you wealthy or

secure.Its her job to give you a paycheck. . .

nothing more.

Making more money will not solve your

problem if money management is your problem.

Money is a drug.


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Money pushes you around. You will obeymoney.Employers/Bosses

LandlordsBill collectorsTax collectorsFamily and friends

Can you push back? Are you smarter than your money? Answer: Do you work for money, ordoes

money work for you?


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When money works for you, every dollar is anemployee.Each dollar works to bring you evenmore dollars while youre asleep.Passive Income: Interest, dividends, real estate

income, royalties, residuals, annuities

Your money can work for you or it mostcertainly will work for someone else.

What do you do? versus What do you own?The key is What investments do you own that will

bring you passive income?


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Being Rich versus Being Wealthy Being Rich is about how much money you possess in a

specific moment in time. Being Wealthy is about . . .

how much money you keep

how hard it works for you how much is left for future generations (who know what to do

with it) Being Wealthy is about exploding yourPassive Income.

(How long you can survive without ever having to go towork?)


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Financial IntelligenceRich Dad. Poor Dads Basic Philosophy

Know the difference between an ASSET and a

LIABILITY, and only buy assets.A True Asset gives a positive cash flow each andevery month.

Live below your means, while constantly

increasing your means. Make your PASSIVE INCOME cover your

Lifestyle Expenses forever.


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Financial Literacy

Sadly, most of us have been taught to read

words and books, but not numbers andfinancial statements.

Two keypersonal andbusiness financialstatements we all must be able to read.The Income Statement shows the amount of

money coming in and going out.

The Balance Sheet shows the balance of whatyou own and what you owe.


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Income

Statement

Balance

Sheet

Income

Expenses (Payments)

Assets (Own) Liabilities (Debts)

Financial Literacy (continued)


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Income

Statement

Balance

Sheet

Income

Expenses (Payments)


Paycheck, dividends, interest,

rents, royalties, profits, advances



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Income

Statement

Balance

Sheet

Income

Expenses (Payments)


Taxes, mortgage/rent, cards,

car, food, fun, rent, clothes,

child care, insurance,

medical





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IncomeStatement

Balance

Sheet

Income

Expenses (Payments)





medical



Mortgage, carloan, credit cards,school loans



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IncomeStatement

Balance

Sheet

Income

Expenses (Payments)

Assets (Own) Liabilities (Debt)




medical



Mortgage, carloan, credit cards,school loans

Stocks, bonds, notes,

real estate, business,

intellectual property



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IncomeStatement

BalanceSheet

Income

Expenses

Assets = Zero Liabilities = Zero

How The Poor LiveThey only have small incomes and small expenses


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IncomeStatement

Balance

Sheet

Income

Expenses

Assets = Zero Liabilities = Zero

How The Poor LiveThey only have small incomes and small expenses

$The

Wealthy


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IncomeStatement

Balance

Sheet

Income

Expenses

Assets

Liabilities

How The Middle Class LiveThey buy expenses and liabilities they think are assets

Assets

h ddl Cl


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IncomeStatement

Balance

Sheet

Income

Expenses

Assets

Liabilities

How The Middle Class LiveThey buy expenses and liabilities they think are assets

Assets

$The

Wealthy


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IncomeStatement

Balance

Sheet

Income

Expenses

Assets

How The Wealthy LiveThey take the income of the poor and middle

class, and buy assets that produce more income

Liabilities


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h d


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Rich Dads

Cash Flow Quadrant(modified)

Note: Kiyosaki calls the D

Quadrant the Big Business

Owner Quadrant.

R h D d


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Rich Dads


W o r k

s w

i t h

B o

d y

.

L o v

e s t o

D o

. W

orkswithMind.

Lovesto

Deal.

R h D d


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Rich Dads


You have ajob.Someone else is the boss.

Security before money.


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Exempt vs Non-Exempt Jobs

Management/Exempt

Considered a professional At least 50% of timeusing intellect, directing,creativity

Has discretion with

decisions Sets own work schedule

Receives a salary

No overtime pay

Non-Exempt

Considered non-professional Up to 100% doing routine,

non-thinking tasks

Does only what is told to do

Has a pre-set schedule Punches a time clock

Paid hourly

Receives overtime pay

Ri h D d


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Rich Dads


You have a job.Someone else is the boss.


You own ajob. Loner/boss.

Perfectionists. Small bus.

owners: Drs. Restaurateurs.

Independence before money.

Ri h D d


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Rich Dads




You own a job. Loner/boss.


owners: Drs. Restaurateurs.Independence before money.

You own a system that others operate.Coordinator. Delegator. Franchiser.

Use other people's time and money.

Ri h D d


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Rich Dads




You own a job. Loner/boss.


Owners: Drs., restaurateurs.

Independence before money.

You own a system that others operate.Coordinator. Delegator. Franchiser.

Use other people's time and money.

Your money works for you.

Make money with money.

Others liabilities are your assets.

Ri h D d


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Rich Dads


W o r k

s w

i t h

B o

d y

.

L o

v e s

t o D

o .

W

orkswithMind.

L

ovestoD

eal.

Rich Dads


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Rich Dad sCash Flow Quadrant(modified)

Job Security

Financial Security

Financial Freedom

Ultimate FinancialFreedom

Wealth

Side

Rat

Race

Side


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Sample Paths To Financial Freedom

Wealth

Side

Rat

Race

Side

Start

EndorStart


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Wealth

Side

Rat

Race

Side

Start

End


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Wealth

Side

Rat

Race

Side

Start

End


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In Which Quadrant Are You Headed?

What are your financial goals?

Which would you choose?

Job security

Financial security

Financial freedom

Systems and Discipline Are The Key


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Systems and Discipline Are The KeyFor All Quadrants

Am I hauling buckets or building a pipeline?

Can you make a better hamburger than McDonalds?

Can you build a better system for making hamburgersthan McDonalds?

There are tons of great ideas, but few great systems.

You must also have the disciplineto diligently work

the system.


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Some Final Thoughts

RiskIts risky not to build a business or not to invest.9 out of 10 business fail; so I need to fail 9 times.

MoneyThere are two problems associated with money: You

can have too little or too much.Money comes from inside out, not the outside in.

So, money is an idea, not a thing. Thus, your ideascan create money out of nothing.You create money in your spare time. Creating ideas

and searching for bargain assets.Its not how much money you make; its about how

much you keep.


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Some Final Thoughts (continued)

Emotional IntelligencePractice delayed gratification.

Buy assets first, luxuries last.Ask how can I afford it? This stimulates yourcreativity.

Some Books and Stuff by Robert Kiyosaki


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Some Books and Stuff by Robert Kiyosakiand Sharon Lechter

Rich Dad. Poor Dad.

Cashflow Quadrant

Cashflow Game

Cashflow, The E-Game

Rich Dads Guide to Investing

Retire Young. Retire Rich. Rich Kid. Smart Kid.

rich dad poor dad presentacion

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