Tag: businesswoman

RICH DAD POOR DAD | S5 – E38 | LESSON VI | People Skills

Today, I meet ex-schoolteachers earning hundreds of thousands of dollars a year. They earn that much because they have specialized skills in their field as well as other skills. They can teach, as well as sell and market. I know of no other skills…

Rich Dad Poor Dad | S5 – E33 | Lesson V | Two Types of Investors & How to Get Started

Great opportunities are not seen with your eyes. They are seen with your mind. Most people never get wealthy simply because they are not trained financially to recognize opportunities right in front of them. Rich Dad Poor Dad I love this. When it comes…

Rich Dad Poor Dad | S5 – E27 | Lesson V | The CASHFLOW GAME

Just like a board game, the world is always providing us with instant feedback. We could learn a lot if we tuned in more. One day not long ago, I complained to my wife that the cleaners must have shrunk my pants. My wife…

Rich Dad Poor Dad | S5 – E24 | Lesson IV | All Americans Work For The Government

Average Americans today work four to five months for the government just to cover their taxes. In my opinion, that is simply too long. The harder you work, the more you pay the government. That is why I believe that the idea of “take-from-the-rich”…

Rich Dad Poor Dad | S5 – E23 | Lesson IV | The History of Taxes & The Power of Corporations

I remember in school being told the story of Robin Hood and his Merry Men. My teacher thought it was a wonderful story of a romantic hero who robbed from the rich and gave to the poor. My rich dad did not see Robin…

Rich Dad Poor Dad | S5 – E22 | Assets you DON’T Have to Follow!

So what kind of assets am I suggesting that you or your children acquire? In my world, real assets fall into the following categories: Businesses that do not require my presence I own them, but they are managed or run by other people. If…

Rich Dad Poor Dad | S5 – E20 |Lesson III | Mind Your Own Business

In 1974, Ray Kroc, the founder of McDonald’s, was asked to speak to the MBA class at the University of Texas at Austin. A friend of mine was a student in that MBA class. After a powerful and inspiring talk, the class adjourned and…

Rich Dad Poor Dad | S5 – E19 | Building Excess Cash-flow

Wealth is a person’s ability to survive so many number of days forward—or, if I stopped working today, how long could I survive? Unlike net worth—the difference between your assets and liabilities, which is often filled with a person’s expensive junk and opinions of…

Rich Dad Poor Dad | S5 – E18 | The Risk Faced by Average Middle-Class People

The real tragedy is that the lack of early financial education is what creates the risk faced by average middle-class people. The reason they have to play it safe is because their financial positions are tenuous at best. Their balance sheets are not balanced….

Rich Dad Poor Dad | S5 – E17 | The Richer get Richer like THIS

I’m going to give you two financial statements: poor dad’s and rich dad’s. First thing is first, we have the income statement and balance sheet. Poor dad’s financial statement is right down the middle; 50/50. Income takes up half and expenses take up half….

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