Rich Dad Poor Dad | S5 – E50 | Lesson VIII | Teach & You Shall receive – The power of giving

If I could leave one single idea with you, it is that idea. Whenever you feel short or in need of something, give what you want first and it will come back in buckets. That is true for money, a smile, love, or friendship. I know it is often the last thing a person may...

Rich Dad Poor Dad | S5 – E48 | Lesson VIII | Steps to Develop Your Powers #6 Use Assets to Buy Luxuries

A friend’s child has been developing a nasty habit of burning a hole in his pocket. Just 16, he wanted his own car. The excuse: “All his friends’ parents gave their kids cars.” The child wanted to go into his savings and use it for a down payment. That was when his father called me...

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RICH DAD POOR DAD | S5 – E45 | LESSON VII | OVERCOMING Arrogance

“What I know makes me money. What I don’t know loses me money. Every time I have been arrogant, I have lost money. Because when I’m arrogant, I truly believe that what I don’t know is not important,” rich dad would often tell me. I have found that many people use arrogance to try to...

RICH DAD POOR DAD | S5 – E40 | LESSON VII | Stories of Failures

In my own life, I’ve noticed that winning usually follows losing. Before I finally learned to ride a bike, I first fell down many times. I’ve never met a golfer who has never lost a golf ball. I’ve never met people who have fallen in love who have never had their heart broken. And I’ve...

Rich Dad Poor Dad | S5 – E34 | Lesson VI | Learn to Work — Don’t Work for Money

Job security meant everything to my educated dad. Learning meant everything to my rich dad. Robert Kiyosaki - Rich Dad Poor Dad Interview in Singapore with interviewee lead to this... “I’ll never stoop so low as to learn how to sell. People like you have no business writing. I am a professionally trained writer and...

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 to money-making opportunities, they're not seen with my eyes. I had...

Rich Dad Poor Dad | S5 – E29 | Lesson V | Continuation of Investing

$40,000 is created in the asset column. Money is invented without being taxed. At 10 percent interest, $4,000 a year in cash flow is added to income. - Robert Kiyosaki During this depressed market, Kim and I were able to do six of these simple transactions in our spare time. While the bulk of our...

Rich Dad Poor Dad | S5 – E28 | Lesson V | The Story of The Economy in Phoenix Circa 1990

That is why I invest in my financial intelligence, developing the most powerful asset I have. I want to be with people moving boldly forward. I do not want to be with those left behind. I will give you a simple example of creating money. In the early 1990s, the economy of Phoenix, Arizona, was...

Rich Dad Poor Dad | S5 – E26 | Lesson V | The Rich Invent Money

Once we leave school, most of us know that it is not so much a matter of college degrees or good grades that count. In the real world outside of academics, something more than just grades is required. I have heard it called many things; guts, chutzpah, balls, audacity, bravado, cunning, daring, tenacity, and brilliance....

Rich Dad Poor Dad | S5 – E25 | Lesson IV | Financial IQ

I remind people that financial IQ is made up of knowledge from four broad areas of expertise: 1. Accounting - Accounting is financial literacy or the ability to read numbers. This is a vital skill if you want to build an empire. The more money you are responsible for, the more accuracy is required, or...