Rich Dad Poor Dad by Robert Kiyosaki (Part 3)



GET AUDIOBOOK FREE WITH AUDIBLE TRIAL ► http://goo.gl/Vj9NYH GET THE BOOK ► http://amzn.to/2gidfwn Get the Mind Map... http://www.josephrodrigues.com/download Rich Dad Poor Dad by Robert Kiyosaki Among some of the book's topics are: Robert Kiyosaki's personal story, upbringing, and his business and investment ventures throughout his early adult life and into the late 1990s. Differentiation between assets and liabilities What the rich teach their kids about money that the poor and middle class do not The idea that your primary residence is not an asset, but a liability The value of financial intelligence and financial literacy How stronger business and financial skills, aptitude, and experience play a role in one's financial success The vitality of entrepreneurial and investment skills are both necessary and useful traits to prosper in a capitalistic society The importance of investing and entrepreneurship in taking control of one's financial future

Comments

  1. 18:16 Props From Toronto !! Yolo ! :D T dot over here too! :P
  2. Good to hear that you are from Toronto. I'm enjoying your book study. I'm also from Toronto. Etobicoke
  3. 😊
  4. it's one of the things many middle class or economically challenged parents have failed at...... even many well educated people have no idea about the power of saving money (compounding/time value) and investing in the stock market ( they fail to realize that if you use toothpaste, food products, toilet paper, and have a car you are in the stock market- just that you represent the revenue earned by these publicly held corporations....... also the market has a major correction about every 10 years....as well as season and industry changes. but the astute investor can easy still manage these changes by adjust their expose to the market... and having a well balance financial attack by investing in bonds, real estate, business ventures, etc......some investors only need to invest a very small percentage of their capital in the stock market..... because they make enough of a return by utilizing options/hedging/and getting in and out of positions in the same day.)

    They also will take advantage of the next stock market correction- by buying all the stock at a big discount... while others will be confirming their fears of investing.......

     Also having your own personal business- even if it's baking cakes and pies or lawn service or hair care or make up artist or playing a musical instrument.......whatever your passion/hobby should be transformed to a way to make money..... even if   you start off making  $200 a year......... so at some point you at least have the ability to keep your head if you lose your job or if another business venture goes under....... you at least have a chance to go all in on something you love and have managed for a while--

    even a economically challenged family living in the US can gain access to a computer/books in the public library/school......or you can partner with a non profit, church, friend, family member to expose your child to the business world,  saving money, and investing......

    economics comes before getting a formal education/politics/etc........ because if you don't have money/resources you will die within 6-8 weeks without food......you can have a PH D and still be homeless........ If you have a successful business/career and no education---- you will be able to still provide shelter, food, and comfort for your family. And you can hire a college professor to  teach you whatever you want to learn...........or go to school on your own terms.........

    sorry I got carried away- happens to be one of my passions- since I grew up poor and in public housing....... hope some one can benefit from this ..........


Additional Information:

Visibility: 1792

Duration: 28m 18s

Rating: 29