Tag: entreprenur

Rich Dad Poor Dad | S5 – E21 |You Become What You Study

A problem with school is that you often become what you study. So if you study cooking, you become a chef. If you study the law, you become an attorney, and a study of auto mechanics makes you a mechanic. The mistake in becoming…

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 – 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….

Rich Dad Poor Dad | S5 – E12 | Assets vs. Liabilities | What’s Your Cash-flow Pattern?

Are you a poor, middle, or rich cash-flow possessing individual? Well, let me try to break this down in blog form. If you want the amazing podcast, make sure you scroll down to the bottom for it. Cash-flow of a poor person Your job…

Rich Dad Poor Dad | S5 – E10 | The Broken American School System

Our school system, created in the Agrarian Age, still believes in homes with no foundation. Dirt floors are still the rage. So kids graduate from school with virtually no financial foundation. One day, sleepless and deep in debt in suburbia, living the American Dream,…

Rich Dad Poor Dad | S5 – E9 | A Job is a Short-term Solution to a Long-term Problem

“Remember what I said before: A job is only a short-term solution to a long-term problem. Most people have only one problem in mind, and it’s short-term. It’s the bills at the end of the month, the Tar Baby. Money controls their lives, or…

Speed of Trust: Season 4 – Episode 47 – The Impact on Trust Accounts

When I teach my students a test preparation course called IELTS, which I’ve mentioned a many of times, I make sure I deliver on my results. When they tell me, “I need 5.5,” I tell them, “you’ll get a 6.0.” Why? Because I deliver…

Stephen Covey’s Speed of Trust: Season 4 – Episode 28 – Results – Past, Present, Future

One is past performance — your track record, your reputation, the things you’ve done, and the results you’ve already achieved. Another is current performance — how you are performing today. And the third is anticipated performance — how people think you will perform in…