Rich dad poor dad

Table of Contents

Lessons

  1. Lesson #1 The Rich Don’t Work for Money
  2. Lesson #2 Why Teach Financial Literacy?
  3. Lesson #3 Mind Your own Business
  4. Lesson #4 The History of Taxes and the Power of Corporations
  5. Lesson #5 The Rich Invent Money
  6. Lesson #6 Work to Learn Don’t Work for Money

Overview

This is great book that teaches a lot about the following topics.

Tags

  1. Assets column and the expense column
  2. Assets vs Liabilities
  3. Consumer behavior
  4. Financial IQ
  5. Financial intelligence
  6. Financial literacy and education
  7. Financial rat race
  8. Getting Started Towards Financial Independence
  9. How To Pay for a Child’s College Education for $7000
  10. How To Pay for a Child’s College Education for $7000
  11. How emotions direct people
  12. How to buy luxuries?
  13. Mind Your Own Business
  14. Net worth
  15. Overcoming financial obstacles
  16. Paycheck and Retirement
  17. Taxes
  18. The Rich Invent Money
  19. The Rich vs The Poor
  20. The power of corporation
  21. To do items for Financial Independence
  22. What to do when your kids asks you to buy a car or asks you for money to buy a car
  23. Work to Learn - Don’t Work for Money

Follow up on these books

  1. The Richest Man in Babylon, by George Classen, is where the statement “pay yourself first” comes from. Millions of copies have been sold. But while millions of people freely repeat that powerful statement, few follow the advice. As I said, financial literacy allows one to read numbers, and numbers tell the story. By looking at a person’s income statement and balance sheet, I can readily see if people who spout the words “pay yourself first” actually practice what they preach.
  2. One book in particular, Inc. and Grow Rich provides a wonderful insight into the power of personal corporations. It’s what is in your head that determines what is in your hands. Money is only an idea. There is a great book called Think and Grow Rich. The title is not Work Hard and Grow Rich. Learn to have money work hard for you and your life will be easier and happier. Today, don’t play it safe, play it smart.
  3. Look for new ideas. For new investing ideas, I go to bookstores and look for books on different and unique subjects. I call them formulas. I buy how-to books on a formula I know nothing about. For example, it was in the bookstore that I found the book The 16 Percent Solution, by Joel Moskowitz. I bought the book and read it.
  4. As for stocks, I like Peter Lynch’s book Beating the Street for his formula for selecting stocks that grow in value. I have found that the principles of finding value are the same regardless if it’s real estate, stocks, mutual funds, new companies, a new pet, a new home, a new spouse, or a bargain on laundry detergent. The process is always the same. You need to know what you’re looking for and then go look for it!
  5. It’s what is in your head that determines what is in your hands. Money is only an idea. There is a great book called Think and Grow Rich. The title is not Work Hard and Grow Rich. Learn to have money work hard for you and your life will be easier and happier. Today, don’t play it safe, play it smart.
  6. In his book The Retirement Myth, Craig S. Karpel writes: “I visited the headquarters of a major national pension consulting firm and met with a managing director who specializes in designing lush retirement plans for top management. When I asked her what people who don’t have corner offices will be able to expect in the way of pension income, she said with a confident smile: ”The Silver Bullet.’ " ‘What,’ I asked, ‘is The Silver Bullet?’
  7. The 16 Percent Solution, by Joel Moskowitz

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