Rich dad poor dad by Robert T.Kiyosaki

#Richdadpoordad

First Sessional Papers 7/8th sem ECE


7/8 sem Papers ECE, GNDEC, Ludhiana


Guwahati To Macchiwara by an author of Ludhiana

Important lines of Rich Dad Poor Dad to make Money.

**Following images have no concern with paragraphs. These are just to draft article cool.**

"The love of money is the root of all evil."The other said, "The lack of money is the root of all evil."

one of the reasons the rich get richer, the poor get poorer, and the middle-class struggles in debt is hat the subject of money is taught at home, not in school.

"I can't afford it" was a sign of mental laziness.

"There is a difference between being poor and being broke. Broke is temporary. Poor is eternal."

"I don't work for money!" were words he would repeat over and over. "Money works for me!"

You're only poor if you give up. 

Being able to know when to make quick decisions is an important skill.

Life is the best teacher of all.

Most of the time, life doesn't talk to you. It just sorts of pushes you around. Each push is life saying, "Wake up. There's something you to learn.

You really wanted to win, but the fear of losing was greater than the excitement of winning.

The poor and the middle-class work for money. The rich have money work for them.

People's lives are forever controlled by two emotions: Fear and Greed.

Many rich people are rich isn't because of desire, but because of fear.

"The avoidance of money is just as psychotic as being attached to money."

The word 'emotion' stands for 'energy in motion'.

So many people say,"oh, I'm not interested in money." Yet they'll work at a job for eight hours a day.

The main cause of poverty of financial struggle is fear and ignorance, not the economy or the government or the rich.

History proves the great civilizations collapse when the gap between the haves and have-nots is too great.

Learn to use your emotions to think, not think with your emotions.

A job is only a short-term resolution to a long-term problem.

Keep using your brain, work for free, and soon your mind  will show you ways of making money far beyond what anyone could ever pay you.

Keep an open mind and learn, it will grow richer and richer despite tough changes.

It's not how much money you make. It's how much money you keep.

If you want to be rich, you need to be financially literate.

Rich people acquire assets.
The poor and middle classes acquire liabilities that they think are assets.

You must know the difference between an asset and a liability, and buy assets. 

THE KISS PRINCIPLE:

Keep it simple, stupid.

or 

Keep it super simple. 

An asset puts money in your pocket.
A liability takes money out of your pocket.

If you want to be rich, You've got to read and understand numbers.

In 80% of most families, the financial story paints a picture of hard work to get ahead.
However, this effort is for naught because they spend their lives buying liabilities instead of assets.

You must be aware of three powers: the power of the sword, the power of the jewel and the mirror.

According to psychiatrists, the fear of public speaking is caused by the fear of ostracism, the fear of standing out, the fear of criticism, the fear of ridicule, and the fear of being an outcast.

The fear of being different prevents most people from seeking new ways to solve their problems.

A person can be highly educated, professionally successful, and financially literate.

An intelligent person hires people who are more intelligent than he is.

When it comes to money, high emotions tend to lower financial  intelligence.

Money has a way of making every decision emotional.

Wealth is a person's ability to survive so many numbers of days forward- or, if you stopped working today, how long you could survive?

To become financially secure, a person needs to mind their own business.

A business that doesn't require my presence:

I own them but they are managed or run by other people. If I have to work there, it's not a business. It becomes my job

Financial struggle is often the result of people working all their lives for someone else.

Money was handed out to government workers in the form of jobs and pensions, and it went to rich via their factories receiving government contracts.  

Start miding your business. Keep your daytime job, but start buying real assets, not liabilities.

My rich dad did not see Robin Hood as a hero. He called Robin Hood a crook.

If you work for money, you give the power to your employer. If money works for you, you keep the power and control it.

Be smart and you won't be pushed around as much.

Each dollar in my asset column was a great employee, working hard to make more employees and buy the boss a new Porshe.

Investing is the science of "money making money."

Employees earn and get taxed, and they try to live on what is left. A corporation earns, spends everything it can, and is taxed on anything that is left. It is one of the biggest legal tax loophole that the rich use.

The wealthy person actually owns nothing. They control everything but own nothing. The poor and the middle class try to own everything and lose it to the government or to fellow citizens who like to sue the rich. 

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.

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