Rich Dad Poor Dad by Robert Kiyosaki is one of the bestselling books of this generation and is now taught in business schools around the world. What makes it so special? Our reviews present a concise summary of the main points of each book, as well as providing context, different perspectives and concrete examples to illustrate the key concepts. In The Business of the 21st Century, Robert Kiyosaki explains the revolutionary business of network marketing in the context of what makes any business a success in any economic situation.
This book lends credibility to multilevel marketing business, and justifies why it is an ideal avenue through which to learn basic business and sales skills Dad brand. He has written over 15 books which have combined sales of over 26 million copies.
Rich Kid Smart Kid was was published in , with the intent to help parents teach their children financial concepts.
He has created three 'Cash flow' board and software games for adults and children and has a series of 'Rich Dad' CDs and disks. A financial literacy advocate, advocate, Kiyosaki has been a proponent of entrepreneurship, business education, education, investing, and that comprehensive financial literacy concepts should be taught in schools around the world. Kiyosaki also operates his own blog and maintains a monthly column on Yahoo Finance writing about his latest thoughts on global economics, economics, investing, business, world financial world financial markets, and markets, and personal personal finance.
Robert Toru Kiyosaki is an American investor, businessman, self-help author, motivational speaker, financial literacy activist, and financial commentator. There are significant tax advantages to working in the B and I quadrants. They desire security, and they seek out a lifestyle that will provide them with this. They shy away from risk and subsequently they see no need to become educated in the tools of finance. They seek out benefits with their jobs. They do not like to have their income be dependant upon other people.
Lower sense of entitlement here. This group would include doctors, lawyers, and all others who are selfemployed. Independence is very important to this group of people.
This group often has a hard time finding good work because they have such a high standard. Their income is directly tied to how much they are working, meaning they effectively own a job. They hire competent talent and then delegate as much as possible. They recognize their own inability to perform all tasks well, so they hone their ability of finding and cultivating talented people to work for them.
Individuals in this group know that if they left one of their businesses, that in a year they could come back and find it more profitable and better running than when they left.
Being a successful B requires ownership or control of systems and the ability to lead people. These people are most adept at making money work for them. And if at all possible they are using other peoples money. They receive huge tax advantages. Investment Advice 1. The goal of all entrepreneurs should be to grow your assets to the point where the cash flow from all of your assets would be greater than your living expenses.
Wealth - The number of days you can survive without physically working, and still maintain your standard of living. Warren Buffet says that portfolio concentration is better than diversification. This allows for specialization. Bearing risk is a necessary component of becoming wealthy, therefore it is something to understand and manage as opposed to flee from. On the left hand side of the CFQ you have security, on the right hand lies freedom. Financial Intelligence is not so much how much money you make, but how much you keep, how hard that money works for you, and how many generations you keep it for.
The reason many people struggle financially is that the more money that they make, the more taxes and interest on debt they pay. The rich know that the best way to avoid taxes is to generate income out of the B and I quadrants.
Most people focus on income instead of investments. Looping between the B and I quadrants is the best way to make money, although there is a significant difference between the two.
It should not be assumed that you can instantaneously jump from B to I. It is best to become a successful B before attempting to be a successful I. Chapter 4 — Three kinds of Business Systems There are three main types of businesses 1. Traditional C corps — where you develop your own system 2. Franchises — where you buy an existing system a. By buying on a pre-existing and tightly controlled system you can focus on developing people rather than the system.
Network Marketing — where you buy into and become part of an existing system Keys to effective leadership 1. Managers often see their people as inferiors, leaders must direct people who are often smarter. To be successful you need to overcome the fear of being rejected and learn to lead people.
You may lose two or three companies before you build a successful one that lasts. Those with nothing to invest 2. Borrowers a. Typical consumerist behavior, redline spending. Savers a. Methodical and litigious in tracking their finances, but to risk averse to achieve a high ROI. Often waste time being tightwads while neglecting to brush up on financial intelligence.
Smart Investors a. They let their money sit and do a little in their retirement plan or turn it over to a financial planner who recommends safe diversification. This person is always slamming various investments. They speak with authority on investments even thought they are largely ignorant. They are influenced by emotion and consequently buy and sell at the worst times, although they keep their losses to themselves. They jump into the game without knowing the rules.
They are in reality lazy when it comes to investing. Long term Investors a. They are aware of the need to invest and they have a clearly laid out long term strategy. They take advantage of periodic investing and, whenever possible, invest in a tax-advantaged way.
They likely are not investing in real estate, businesses, and other higher yielding vehicles. They have control of their spending habits and minimize their debt and liabilities. Sophisticated Investors a. He had suggested network marketing is the best suitable for that. So first join network marketing and get business training from that. Then risk your money in business.
It also underlines many aspects of our financial life that we should care as aware persons. Good Book!! Mar 15, Carol rated it it was amazing. I now work for profits not wages I LOVE helping people but was buring myself out working for wages Dec 17, Akshat Solanki rated it really liked it.
I read this book in just 2 hours. This is called fast pacing narration in the genre of management and finance. It's a nice read, Robert, the author has written down many things that are useful in terms of your profession and the business you're going to do. This book focuses on many topics, and it's a better one than that of RDPD by him. Apart from this, it needs no more details review. For more reviews follow BookRature I read this book in just 2 hours. For more reviews follow BookRature Dec 29, Ronald rated it liked it.
Not very useful. If you have read Rich Dad poor Dad this is just a brush up on that bookand Robert here like a frantic evangelist continues to sing praise for the Network Marketing Business. He is again and again pointing out the benefits of Network marketing and nothing else.
Oct 11, Alexander rated it did not like it Shelves: business. I still don't see options for making real money in MLM. It is close to working for someone than to have own business. If you have your own business all the profit is yours.
In MLM someone else gets most of your money. Oct 31, Amy Ambarani rated it really liked it Recommends it for: people who likes to read.
Shelves: business. Feb 14, Cipto sugiarto marked it as to-read. Jun 24, Jessica rated it really liked it Shelves: reads. Definitely good advice on choosing a network marketing company to work with, and it made me rethink my own strategy for choosing one to get involved with.
Would help who like to have their own business one day. Jun 02, Brian rated it really liked it Shelves: personal. I learned enough to know that a network marketing business is not for me. Apr 07, Alendra added it. Now I know how to build a big business with a small amount of capital. May 27, Connie rated it it was amazing. This is an excellent book for anyone who is considering a network marketing business. Mar 17, Shubham Adke rated it it was amazing.
I was skeptical before going into this book as I thought it would be full of network marketing and pyramid schemes thingy in general. But it's by Robert Kiyosaki And his name speaks for himself so I decided to give it a try. About the book - 1. It specialises in clarifying and justifying the the conventional term 'Networking' and it's benefits and not specifically focused network marketing. It's not exactly a self help book. And it's not exactly a business bible that you could use to become the I was skeptical before going into this book as I thought it would be full of network marketing and pyramid schemes thingy in general.
And it's not exactly a business bible that you could use to become the next Bill Gates. The book definitely succeeds to provide its readers the importance of networking, investing, communication and some of the skills that are paramount to become successful not just in the business but also in life.
If you keep an open mind and are at least willing to consider what Robert sir has to say in this book. You will surely find something useful in there. This book is great for any mendable individual.
Last but not the least. The principles in this book are not biased towards the people in B and I quadrant. Robert made sure to tell you that no matter in which quadrant you currently are, there's always a scope to do a little better. Kiyosaki's seminars in the United States and Canada are conducted in collaboration with a company called Whitney Information Network and are contracted out to local companies as franchisees in other countries.
This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA. Home current Explore. Kiyosaki as PDF for free.
He then tacked on a class, which was free, which is also honorable. These are great tips for network marketing companies. Robert Kiyosaki on Network Marketing. Many thanks. Read time Last updated: May 07,. In Rich Dad Poor Dad, the 1 Personal Finance book of all time, Robert Kiyosaki shares the story of his two dad: his real father, whom he calls his poor dad, and the father of his best friend, the man who became his mentor and his rich dad.
One man was well educated and an employee all his life, the others education was street smarts over traditional classroom education and he took the path of entrepreneurshipa road that led him to become one of the wealthiest men in Hawaii. Roberts poor dad struggled financially all his life, and these two dadsthese very different points of view of money, investing, and employmentshaped Roberts thinking about money.
Robert has challenged and changed the way tens of millions of people, around the world, think about money and investing and he has become a global advocate for financial education and the path to financial freedom. Rich Dad Poor Dad and the Rich Dad series it spawned has sold over 36 million copies in English and translated editions around the world.
0コメント