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  • RICH DADRICH DAD Poor DadPoor Dad By :Robert KiyosakiBy :Robert Kiyosaki Sharon Lecher C.P.ASharon Lecher C.P.A
  • What Rich TeachWhat Rich Teach Their KidsTheir Kids About Money ThatAbout Money That Poor & Middle classPoor & Middle class Do Not !Do Not !
  • The poor & middle classThe poor & middle class work for moneywork for money . . The richThe rich have money work for themhave money work for them.. THE RICH DONT WORKTHE RICH DONT WORK FOR MONEYFOR MONEY..
  • Poor Dad Vs Rich DadPoor Dad Vs Rich Dad TheThe lovelove of Money isof Money is root of all Evilroot of all Evil I cant afford it.I cant afford it. Study hard so thatStudy hard so that you can find a goodyou can find a good company to work forcompany to work for Money Play it safe,Money Play it safe, Dont take RiskDont take Risk TheThe lacklack of Money isof Money is Root of all EvilRoot of all Evil How can I afford it ?How can I afford it ? Study Hard so thatStudy Hard so that you can find goodyou can find good company to Buy.company to Buy. Money- Dont playMoney- Dont play safe, Play itsafe, Play it Smart.Smart. Learn to manageLearn to manage Risk.Risk.
  • Poor Dad Vs Rich DadPoor Dad Vs Rich Dad Depends onDepends on company/Government forcompany/Government for pay hike, medicalpay hike, medical insurance, retirementinsurance, retirement plan etc.plan etc. I am not interested inI am not interested in MoneyMoney Our home is our largestOur home is our largest investment and ourinvestment and our greatest asset.greatest asset. Believes in total financialBelieves in total financial self reliance.self reliance. Money isMoney is Power.Power. My house is a liabilityMy house is a liability and if your house isand if your house is your largest investmentyour largest investment you are in Trouble.you are in Trouble.
  • There is a need.There is a need. Study Hard, Get Good Grades and you will Find a highStudy Hard, Get Good Grades and you will Find a high paying job with Great Benefits (Safe & Secure Jobspaying job with Great Benefits (Safe & Secure Jobs)) RAT RACERAT RACE Study Hard, Graduation, Post Graduation, Job, Marriage,Study Hard, Graduation, Post Graduation, Job, Marriage, Children,Promotions/Jobchange,House, Cars,Children,Promotions/Jobchange,House, Cars, Good School, Overtime/Part Time Jobs, VacationsGood School, Overtime/Part Time Jobs, Vacations Fast TrackFast Track Bill Gates,Michale Jordon, Madonna..Bill Gates,Michale Jordon, Madonna..
  • There is a need.There is a need. Study Hard, Get Good Grades and you will Find a highStudy Hard, Get Good Grades and you will Find a high paying job with Great Benefits (Safe & Securepaying job with Great Benefits (Safe & Secure JobsJobs)) IS A BAD ADVICEIS A BAD ADVICE The world has changed & Changing very fastThe world has changed & Changing very fast and current educational system has failedand current educational system has failed to cope up with the changeto cope up with the change.. Education is the foundation of success so areEducation is the foundation of success so are the Financial skills & Communication skills.the Financial skills & Communication skills.
  • There is a need.There is a need. Financial Intelligence is the Mental Process viaFinancial Intelligence is the Mental Process via which we solve our Financial Problems.which we solve our Financial Problems. But there are different set of rules with whichBut there are different set of rules with which Rich Plays compared to Poor & MiddleRich Plays compared to Poor & Middle class.class. Example : Down Sizing/ Right Sizing of TheExample : Down Sizing/ Right Sizing of The Company.Company.
  • Why Teach Financial Literacy ?Why Teach Financial Literacy ? RetirementRetirement :: We can work or Not Work and our wealthWe can work or Not Work and our wealth grows automatically staying way ahead ofgrows automatically staying way ahead of inflation.inflation. In life it is not important how much money you make, It isIn life it is not important how much money you make, It is how much Money you keep.how much Money you keep. AssetsAssets : Puts Money in your Pocket.: Puts Money in your Pocket. LiabilityLiability : It is something that takes Money out of a: It is something that takes Money out of a Pocket.Pocket. WealthWealth :: Persons ability to survive so many days ForwardPersons ability to survive so many days Forward..
  • Poor /Middle Class Financial StatementPoor /Middle Class Financial Statement IncomeIncome Pay Check.Pay Check. ExpensesExpenses Taxes,Taxes, MortgageMortgage FixedFixed ExpensesExpenses AssetsAssets LiabilitiesLiabilities Home,Home, ConsumerConsumer Loans,Loans, Credit cardsCredit cards
  • Rich Class Financial StatementRich Class Financial Statement IncomeIncome Dividends,Dividends, Interest,Interest, RentalRental IncomeIncome ExpensesExpenses AssetsAssets Stocks,Stocks, Bonds,Bonds, RealReal Estate,IPREstate,IPR LiabilitiesLiabilities
  • Why Teach Financial Literacy ?Why Teach Financial Literacy ? 8899777788997777 The way to get Richer is to increase the CashThe way to get Richer is to increase the Cash Flow from the Assets, keep the expensesFlow from the Assets, keep the expenses less than the cash Flow generated fromless than the cash Flow generated from these assets.these assets. Reinvestment process continues with moreReinvestment process continues with more and more income from Sources other thanand more income from Sources other than the Physical labor.the Physical labor.
  • Mind your Own BusinessMind your Own Business Profession & Business : McDonald StoryProfession & Business : McDonald Story Financial Struggle is often directly the result ofFinancial Struggle is often directly the result of People working all their life for some one else.People working all their life for some one else. Owner or Share Holders of the CompanyOwner or Share Holders of the Company Government ( Taxes )Government ( Taxes ) Banks ( Repayment of Loans )Banks ( Repayment of Loans ) Business revolves around the Asset columnBusiness revolves around the Asset column..
  • History of Taxes & Power of CorporationHistory of Taxes & Power of Corporation Robin Hood : Collect it from Rich & Distribute it to the Poor.Robin Hood : Collect it from Rich & Distribute it to the Poor. Financial I.QFinancial I.Q.. It is made up of knowledge from Four Broad Areas of ExpertiseIt is made up of knowledge from Four Broad Areas of Expertise.. 1)1) AccountingAccounting : Financial Literacy is the ability to read & understand: Financial Literacy is the ability to read & understand financial statements.financial statements. 2)2) InvestingInvesting : Science of Money MAKING Money: Science of Money MAKING Money 3)3) Understanding MarketUnderstanding Market : Technical aspect of science of: Technical aspect of science of Supply & DemandSupply & Demand 4)4) LawLaw : To make advantages from various provisions in the law: To make advantages from various provisions in the law for Growth of the Organization.for Growth of the Organization.
  • The Rich Invent MoneyThe Rich Invent Money Example : Graham Bell .Formation Of AT & T.Example : Graham Bell .Formation Of AT & T. Every Person is Genius ,but excessive Fear & Self Doubt are theEvery Person is Genius ,but excessive Fear & Self Doubt are the greatest Destructor of Personal Genius.greatest Destructor of Personal Genius. Why Develop Financial I.Q. ?Why Develop Financial I.Q. ? In today's changing world Job security CAN NOT be taken forIn today's changing world Job security CAN NOT be taken for granted.granted. Hence we Must have more OPTIONS.Hence we Must have more OPTIONS. MONEY IS NOT REALMONEY IS NOT REAL In Today's Information Age Just Ideas and agreements areIn Today's Information Age Just Ideas and agreements are exchanged to MAKE MONEY.exchanged to MAKE MONEY.
  • The Rich Invent MoneyThe Rich Invent Money Financial Intelligence.Financial Intelligence. To develop Financial Intelligence fallowing 3 skills needs to beTo develop Financial Intelligence fallowing 3 skills needs to be Developed.Developed. 1)1) Skill to apply your mind , what others miss to see with theirSkill to apply your mind , what others miss to see with their Eyes.Eyes. 2)2) Skill to raise Money :Investing is not buying. It is more caseSkill to raise Money :Investing is not buying. It is more case of knowing.of knowing. 3)3) Skill to choose your advisors.Skill to choose your advisors.
  • Work To Learn DONT WORK FOR MONEYWork To Learn DONT WORK FOR MONEY Specialization narrows your options and hence your EarningSpecialization narrows your options and hence your Earning Abilities.Abilities. The main management skills needed for Success are,The main management skills needed for Success are, 1)1) The management of CASH FLOW.The management of CASH FLOW. 2)2) The management of Systems ( Including yo