Presented By :

Deveshi Singh
Mba(Gen)- A



Robert Kiyosaki ( April 8, 1947) was born and raised in,
Hawaii.

He is an American investor, businessman, self-help
author, motivational speaker, financial literacy activist, and
occasional financial commentator.

He is well known for his rich Dad Poor Dad series of
motivational books & other material published under the
Rich Dad brand.

He has written over 15 books , which have
combined sales of over 26 million copies.

The book is largely based on Kiyosaki's
upbringing and education in Hawaii.

It highlights the different attitudes towards
money, work and life of two men i.e. his so
called "rich dad" and "poor dad

And how they in turn influenced key decisions
in Kiyosaki's life.
Rich Dad, Poor Dad revolves around three main
characters:

Poor dad very educated but not street smart.

Rich dad attained education only till 8th
grade, but is very street smart.

Kiyosaki the spectator who learns lessons
from both but internalizes only rich dads traits.

The author compares his poor dad to the millions of
fathers who encourage their sons to do well in school
so they could get a good job with a good company.

Poor dad believed in the traditional principles of
working hard, saving money, and not buying material
things that one cannot afford.

He believed that having a good job with a solid
company is what one should aspire for.

He was the father of the authors best friend Mike.

When the author was 9 years old he started realizing that
his rich dad made much more sense than his poor dad.

It was from rich dad that the author learned not to say, I
cant afford it, but instead to ask, how can I afford it?

He explains this principle by relating an incident when he
and his best friend Mike went to work for Mikes father.

Rich dad paid them very low wages deliberately so that
would stir anger & a sense of injustice in them & eventually
make them to realize that in order to get ahead, one must
work for himself and not for others.
He learned valuable lessons from both of them, but in
Chapter 1 it becomes evident which father had the
more sensible approach towards money.

He compares and contrasts both fathers views about
working hard, getting an education, saving and
investing and realizing how habits of the rich and poor
significantly differ.

He attributes his financial acumen through the many
conversations he carried out with his rich dad.

The love of Money is
root of all Evil

I cant afford it.

Study hard so that you
can find a good
company to work for.

Play it safe, Dont take
Risk
The lack of Money is
Root of all Evil.

How can I afford it ?


Study Hard so that you
can find good company
to Buy.


Money- Dont play safe,
Play it Smart.
Learn to manage Risk.
Depend on
company/Govt for pay
hike, medical
insurance, retirement
plan ,etc .


I am not interested in
Money


Believes in total
financial self reliance.





Money is Power.


Dont work for money
i.e. dont depend your boss to make you rich.

Learn how to make money work for you
i.e. cutting your expenses moderately, investing
wisely and creating opportunities to earn passive
incomes outside of salaries.

Seek to be a business owner and/or an investor,
rather than an employee.


This specific lesson is meant to teach people not to be wise with
your money once you have it, but rather be smart with your
money before you have it.

In a way, dont try to build a skyscraper or even a house without
building a strong foundation first.

He says, Intelligence solves problems and produces money.
Money without financial intelligence is money soon gone.

People have to understand that its not how much they make, but
how much they keep according to the author, and this is an
essential principle that this chapter focuses on.



The author develops the concept of self-doubt. He says
that each person is born with talent but that talent is
suppressed because of self-doubt and fear.

The author discusses the importance of an education.
He is clear by saying, a trained mind is a rich mind.

The authors idea is that people create luck; they
should not wait around for it. Its the same with money.
It has to be created.
There are skills individuals need to develop
for financial success.

The author mentions management skills. He
says individuals need to know how to manage
cash flow, systems, and people.

He puts equal emphasis on communication
skills.
One theme thats apparent in this book is that for an individual
to be wealthy, he must aim to own the system or means of
production, rather than work for another individual.
The author stresses that there is obviously something confining
about being an employee; it shuts the mind to other possibilities
and it stunts initiative.

Financial intelligence is THE most powerful asset:
By studying the precepts of accounting and investing, the author
believes that individuals will be able to see the difference
between an asset and a liability.
in fact it is the more concrete application of learning whats right
and whats wrong. Generating a string of expenses is wrong,
building assets is right.


The author concluded by stating that parents should teach
these lessons to their children early enough, in order to
guarantee their childrens financial future.

It is never too late to start building your financial empire.
You could start right now, with your next pay check, or by
looking around you, to see which need you can fulfill