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Unformatted text preview: Rich Dad, Poor Dad Copyright Philosophers Notes page 1 Rich Dad, Poor Dad What Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not! by Robert T. Kiyosaki Business Plus 2000 207 pages The Big Ideas Work & Money Do you work or does your money? Money Psychosis Avoiding? Attached? Choose Your Thoughts Control your responses. Financial Literacy Get smart. Rule One Buy assets. Opportunity Costs Dont tie yourself up. Wealth How many days? Overcoming Obstacles And having fun. Fear (Again) Always, always, always... Focus The suns rays. Give, Give, Give! Give what you want. The Big Ideas One dad would say, The love of money is the root of all evil. The other, The lack of money is the root of all evil. ~ Robert Kiyosaki from Rich Dad, Poor Dad Can you believe that Robert Kiyosaki has written 18 books in the Rich Dad, Poor Dad series that have sold over (gasp!) 26 million copies?!? Yep. And, as with all success stories, theres a reason. Kiyosaki has a knack for getting right at the heart of the issue and in his simple, unpretentious prose, he captures our attention and gives us some powerful ideas to think about and implement into our lives--addressing what has to be one of the most challenging arenas for all of us: money. One dad had a habit of saying, I cant afford it. The other dad forbade those words to be used. He insisted I say, How can I afford it? Juxtaposing his biological, educated, government-employed father who always struggled financially (Poor Dad) with his best friends entrepreneurial, wealthy father (Rich Dad), Kiyosaki weaves a compelling story about how the rich think more than a little differently than the poor and the middle class. The challenge with this book, as with so many others, is that there are so many Big Ideas to discuss and so little time! If you havent already read the book, its a must if youre com- mitted to getting your financial house in order. If youve read it, you may dig a re-read! In any case, lets get to work! Work & Money Just know that its fear that keeps most people working at a job. The fear of not paying their bills. The fear of being fired. The fear of not having enough money. The fear of start- ing over. Thats the price of studying to learn a profession or trade, and then working for money. Most people become a slave to money... and then get angry at their boss. Well, that (unfortunately) sums it up, doesnt it? How about you? Rich Dad, Poor Dad Copyright Philosophers Notes page 2 The poor and the middle class work for money. The rich have money work for them. ~ Robert Kiyosaki God will not have his work made manifest by cowards. ~ Ralph Waldo Emerson I want to teach you to master the power of money....
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This note was uploaded on 03/07/2011 for the course SLS 2000 taught by Professor Mitchell during the Fall '06 term at FIU.
- Fall '06