Rich Dad Poor Dad
Written By: Robert Kyosaki
Click Below to visit Robert Kyosaki’s website!! He will tell you himself how financial freedom through cash-flow is 100% possible if you stick to a plan!
Lesson 1: The Rich Don’t Work for Money
The first question I had when I started reading this book was,” How is it possible for people to not work for money? The world revolves around the idea of money! Buying and Selling parties coming together to find an agreement.
If someone were to ever tell you that they don’t work for money, you would respond with, ” What do you mean? Everyone has to work for money.”
You reply no. Employees that work for companies have to work for money. Salary or hourly, whatever it is. An employee is someone who gets hired by a business owner or contractor to complete a pre-scoped job. Show up, stay busy, get paid. Not too bad right? That’s what I used to think…
You simply cannot run a business with an employee mindset. The business would crumble over time if you don’t pay attention to the right analytics.
Lesson 2: Why Teach Financial Literacy?
What is financial literacy? To be financially literate, means to understand the language of money and finances. From Pay-out ratios, to annual dividends, and all the way over to Cash-flow! In order to fully learn something, you need to know how to talk the talk.
So what about walking the walk? Where can I become financially literate? ANYWHERE!! You can go to any library or bookstore and find hundreds of book titles that are specifically titled to helping people understand finance and why we should care.
List of basic financial literature:
- Accounts receivable
- Cash flow
- Cash flow statement
- Profit and loss
- Income statement