Beruflich Dokumente
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Dabon BBM
Introduction
His two dad has always different teachings in life. More specifically in
terms of money. The other dad who is highly educated and completed four
years in College with Ph. D. always told him to study hard in order for him to
find a good company where he can work to in the future while the other one
who did not finished the eighth grade always taught him to study hard so he
The other dad who has a high degree in education doesn’t want to talk
about money and other one always motivating him to gain more money. So
You can really tell that in the introduction of this book is more on
identifying what path you prefer to follow. But I think, it is more likely that
his rich dad wanted him to explore and learn different things in order for him
to learn and know how to become rich in the future. The thing is he still
The introduction is letting him think that there are two options he can
choose in life; it’s either he will go for security or learn how to make money
in the future. And he still on the process of learning what is the first step to
in order to become rich. And I’m sure we will find it out after we finish
In the first chapter, author and his best friend Mike want to have their
own business. At the early age of 9, they were determined to earn money on
their own. They’re trying to figure out how they can earn their own money.
The author decided to have a partnership with Mike. They were trying to
think what would be their business. Until they taught of making nickel out of
toothpaste tubes that they asked humbly from their neighbor. But then, they
failed. The author and Mike, asked an advice to his rich dad which is Mike’s
biological father. They were paid 10cents an hour for 3 hours every
Saturdays. But then, the author decided to quit or not asked for raised. That
is the beginning of the words that would teach them how to earn money,
Though, the author had a hard time understanding the words of his
rich dad. He tried his best to understand and open his mind. I think, he is
really eager to learn however he cannot understand the teachings and was
disappointed of the 10cents per hour. But his rich dad let them choose
whether a raise or a moral lesson. Me, as a reader was having a hard time
also of what his rich dad’s words really mean. But I just keep on reading
until I figured out what he’s really in to. At first it’s really hard to understand
the “Rat Race” lesson. Then it made me realize that instead of working hard
for a little amount of money and put big amount of money in someone else
pocket, why not let other work hard to put money in your pocket.
For me, it is kind of insensitive since it’s like a working cycle. If you
don’t want to work a lot of hours for a little money and you let other do it for
you. It’s like the same. You will be rich but others will be at the path that
you don’t want to be with. But I guess, that is the reality. If you want to be
rich, of course there are people that will be under you. In this world, we
you will just be playing safe. Not taking risk. As long as you’re secured, that
you are receiving salary to feed your family, including the benefits then you
will stay as worker. But if you want to be on top then of course you take risk
In this chapter, this talks about taking risk is the key if you want to
get rich. The author then realize that the poor and the middle-class work for
money, fear, and greed because they were not taught to take risks. Also the
opportunities may come and go, and it’s always been recognize and grab it
while the poor and middle class is still playing safe. They just want to have
security. As long as they are earning and have a job that pays them, they
I’ve learned that in life if you want to level up the status of your life,
be a risk taker. Risking is not always just go with all the opportunities that
life might give you but it is also your stepping stone to achieve a much
better life. I mean, I’m not saying that being poor or middle is bad because I
also understand their point that they prefer to have assurance that they are
earning monthly to feed their family. That is why they settle for this.
Being a risk taker doesn’t mean also that you are not contented of
what you have. Life is full of challenges and that is one of them. I think it’s
the feeling that if you risk on something and you get something in return,
it’s the feeling that you did it, that you have another achievement again. I
think that is what the author realized in this chapter. That if you are just
busy of seeking money and security then you will just stay like that. While if
you try to understand and recognize the opportunities that life give you and
grab them, then it might change your life. Don’t be afraid of trying out new
things because it might push and lead you to a better chapter of your life.
There are a lot of things that we wish to have but we cannot get it or we
currently have. The author here is starting to realize what his rich dad was
In this chapter, the author and his best friend are now adults. Mike is
now the one who takes control of all his father’s business and currently
teaching his son who will took over the business once he retires in the
future. While with Robert the author, he was able to retire at the age of 47.
They had business meeting before in Chicago and talk about different
investments. Twenty five years later, most of the people they met in Chicago
was either in jail, dead or penniless. Now Robert says that there is only one
rule, you need to know the difference between assets and liabilities and to
make sure that you only control the assets. He also believe that you need to
before that if you only have the basic knowledge of how to compute the
build or manage your own business. You actually need to be wiser and have
a strong foundation in accounting because it will definitely help you, not just
you as a person but also your business. Robert also said that this is also one
reason why there are poor people because instead of controlling and make
your assets grow and keep your liabilities in minimum, the poor people do
the opposite. They have lots of liabilities while they have no assets.
I’ve also realize that building or managing a business is not that easy.
You need to be wiser and have enough knowledge on how to run your
business. Because if you don’t have knowledge about financial, even if you
have the money now there will be a bigger possibility that it will be gone
In this chapter, this talks about minding your own business. Robert
said that you should not mind other’s business. Instead, work hard to
become a boss and for your own business. He also points out Mcdonald’s as
an example of minding their own business. He said the Mcdonald’s may not
make the best hamburgers but they have the most valuable intersections
and streets in America. He also continue to discuss about assets, that a real
assets are anything that has a value like stocks, bonds, mutual funds,
need to focus and think your own business. Because if you keep on thinking
your competitor or other people’s business there is a big possibility that you
will be out of focus. You will be focusing on how to be like them or how to
You also need to determine on how and what should be the business that
will really fit your preference because building a business is not that easy. I
you want to invest on something you need to also to make sure that you
business you need to study or you can make a feasibility study to see if that
business is feasible while in investment you need to make sure that you
that every people has its own talent but because of self-doubt and fear
people can’t let it all out. He also said that not all the educated or the smart
one will be always on top but mostly those adventurous one. And those
people who have lots of money, most of them just sit around and wait for
because he said that “a trained mind is a rich mind”. He analyzed that there
are two types of investors and they have different mindset. The one who
goes for the packaged investment and the other one who customize
abilities and capabilities. The only thing that we cannot let it all out is that
the dilemma and the thinking of maybe it will not work. Some of us are
afraid to try new things. We always think to play safe. Because we always
think of “what ifs”. What if we fail? We are afraid to take risk. But we didn’t
think that if we take risk and push for it with courage there is a bigger
way we will learn and enhance our capabilities. The outcome might be bad
or good but the thing is we learn new things. And by keep exploring new
us to boost our self-esteem and confidence. We don’t just sit and wait for
opportunities. We need to work for our future. We are the only one who can
create our future. And also education can help us a lot because if we go to
school we learn a lot of things, it’s just that you don’t need to depend
suggests her learn to sell and direct marketing. Robert says that if someone
wants to get rich, he must learn how to manage his cash flow, people, and
the system. And this is why selling and marketing is an important part of
I’ve learned that you don’t need to stop learning. If you think that you
are good enough because you have a good and stable work already, there
are still things that you still don’t know how to do. It’s not always the money
that should motivate you to do things or to work for. Sometimes, you work
hard for you learn and to grow more. You need to expand your learnings and
In order for you to achieve success, there are a lot of factors that you
Kiyosaki wants us to realize to don’t limit our things but just staying on one
place. He wants us to explore and if possible try those things that once
feared us to try. Being secured is not how life’s teaches us but I think it’s for
us to try lots of things. It’s a different feeling if you limit yourself for security
than achieving goals by exploring new things. Be confident and trust yourself
that you can do it. Let that talent and capability of yours shine.