Chapter 1
Your message has the ability to change someone's life, it could help save marriages, Repair families, change someone's health, grow your company, If u don't want to work hard all your life, this piece of advice is
for u.
Why A students work for C students and B students work for Govt. Every body is born genius, but the process of life degeniuses them, Children Dedication to parents the first most important teachers. Go to school to get a job, Good high paying job, killing the Americans dream, starting everything from the scratch and nurturing it to grow, Democracy is spoiling the spirit of Entreprenurship of capitalism, How many , New depression, globalisation, School system is not preparing the children for the real world, The real world is run by money not your certificate, Every child must have Financial Education, Without Financial education your child will, if u dont listen, u will never know whom you are listening, the parents should ask to themshelves whether the school is giving the true education to their children, The school administration will not admit that they arent preparing their child for the real world,
Chapter 2
We should always know the Core values and core differences, Never give up attitude, Active learning for Your freedom, Having fun in the process of building yourself,
A student
Chapter 3
Chapter 4
Turn your home a place of active learning, Real life money activity,
Chapter 5
Most of us are not changing, ahead of the time, poor dad was successful but not rich, Real life time education, was to be successful and rich,
Chapter 6
Assimilation of society encouraged me to learn more,
learn more retain more, get locked in my brain. Action steps for leaders, In almost
everyhome there is little discussion about money, there is only argument, painful memory of fight to our children, The rich dad discussed real money problem, we discussed about money rather than we fought about money, Follow the rituals of your Family to discuss the real life money problem,
Talk about problem and challenges and solve them, invest your time to
make your home a place of discussion about money , not a place of arguments about money.
Chapter 7
Prepare your child for the worse, Lead by example, open to new ideas, Rich & Rewarding mind, Change as the world changes, The world where our parents were grown up was much different than what is today, The phenomenon of growing old, Disability benefit application rose since 2007, Pension system is disaster, American dream house of your home, 4 generation under one roof, Largest Medicare liability, Baby boomers will live longer than their parents, power of compounding, most powerful force of the universe, New depression, prepare your child for future economic depression, printing money is foolish devaluing the money, pressure of inflation,
Chapter 8
Financial education must be included in our academic education, victims of lack of knowledge, only know to make money not to mend money, Govt Welfare, Life lying on paycheck, B-S quadrant are demanding, education is a process, game of monopoly, Use the quadrants to inspire, cripple your success journey,
Chapter 9
Dont Protect your child from Real life education. Direct selling Economy is going to booms, inflation and deflation, Dream fuels the mind, generates power,
Chapter 10
Chapter 11
Evolution of the game, Liability that takes money out of his pocket, Assets put money inside our pocket, He was preparing us from the real world, that is run by money, simplicity is genius, supretendent of education, sharing your expertise, Thinking is hard work, Respect is more important than money, i have to learn to work with people, success in Direct selling industry requires lot of personal growth, we had so many bad experience , that's the reason we are better leader today, Learning is a life long process, power of change and choices,
Chapter 12
Quantum learning, Window of learning 1, window of learning 2,
Chapter 13
Exploring the wisdom of this industry, past success does not gurantee future success, open new doors, We are producing world class Entrepreneurs, world of future belongs to those who embrace change, We have to produce real world success, academic achievements into career achievements, test score equals happiness, but havard university studies shows high test scores doesn't contributes to happiness, salary productivity, millionaires mind, super wealthy, Learn well by listening to lectures,
So pervasive,
Chapter 15
Failed to transform their income, S quadrant people are in trouble today because they failed to transform their income, Financial expert says, work hard and save money, When people work for money, they work for an ordinary income, they are highly taxed on their income, learning to transform their lives buy learning to transform their income, Most people go to school to learn how to generate ordinary income, Interest on saving is also taxed for an ordinary income, Portfolio income is also known as Capital gains, Capital gains occur when u buy low and sale high, Transform your life by transforming your Quadrant, Process of Simulation, In a school there is no room for mistakes, Making mistakes means you are stupid, Entrepreneurs know doing mistakes are learning experiences,
Chapter 16
Doing mistakes means preparing yourself for the real world, solving puzzles gifted by , these people are communicators, emotional intelligense, deep understanding of yourself, learning your weakness and strengths, control your emotions, emotional intelligence is not void of emotions, emotional intelligence is means u know u can be angry but never out of control, Greatness is the result of high emotional intelligence, emotional intelligence is equated with success intelligence, Stressful situations, You need to have high emotional intelligence, Many people grow physically but fail to grow emotionally, Persistent and disciplined behaviour, Ego of money, knowledge is a big Hinder in real world, rather doing that they need to do, Taking financial education, even if u dont want to, going for a walk rather than eating, telling the truth even if it makes u look bad, controlling your temper rather than losing it, Making a phone call even if u dont want, Emotional intelligence is important for long term success, going to gym rather than staying on bed, Caterpillar to butterfly, My desire to learn accelerated, I no longer care for my school and college grades, How to convert your ordinary income into passive income and portfolio income, you know your transformation has become, 1000 Rs is not a big money, but is a giant step towards B and I quadrant, my focus has changed, my transformation is beginning, Dont rest on laurels, Remember the world is changing, how to transform their money, transforming their money is transforming their lives, most kids in schools comes from home where parents comes from ordinary income, Kids are Reinforced to work for ordinary income, Transformation is difficult for A students because it requires emotional intelligence, When a person decides to change their ordinary income to passive and portfolio income, They decide to change their life, in the context of B,I quadrant, If u want to change your life, change your context, money dont make u rich, money makes u poor, this paradox of thought , the relationship between having Money and being rich, Why most people having most assets are the richest people of the world, Talk about what makes people rich, talk about following a system to build your Assets, talk about personal growth, u are leading a life of your speech pattern level, Why rich people become poor, this discussion will open the mind,
Chapter 17
Greeds or genorisity what does your school teach, Why genius are generous, what is the secrets, Without financial education children leave school and colleges needy and greedy, What are our School giving our children Fish to eat, or teaching them how to fish and making them self reliant, making them innovative and responsible enough to feed themselves, create a life without Fear and doubts that how can they survive in this world, How school and colleges are killing the dreams of our children, American dreams, the spirit of Entreprenurship, move from present to middle class to upper middle class and to the Rich class, Our bedrock, Rank of poor, white collar crime, Capitalist will become the new enemy, Attitude of entitlement, public servant to self service servant, They are employess not Entreprenurs, shareholder lose their investment, most respected CEOs of the , soul of capitalism, They are giant companies, Warren Buffet greater investor of his time, you get little value as a consumer, but u get great values as a prosumer, Give a 1 dollar to bureacrat, they will spend all the dollar, but when u give this 1 dollar to an Entrepreneur, he will make it 100 dollars, the theory of motivations, Most advanced needs,
Chapter 18
Maslows hierarchy of needs, needy people becomes greedy people and greedy people becomes desperate people,
We work because we love our work, we dont work for paychecks,
White collar criminals, Every cloud has a silver lining, What happens when our education system fails at the second level of Maslow hierarchy need, the new industry Direct selling industry comes to support us.The new India, specialist vs generalist, generalist should be mission driven, sense of mission, trials and tribulations, he was fired by the CEO, whom he hired, Generosity is the key to success, school doesnt teach to create a job, if we live in terror and fear , u dont have to cheat people to be rich, Entrepreneurs are generous, School has its own definition of being genious,
Chapter 19
Entitlement identity, tax breaks for the rich, We have to save the middle class today, they are the poor class of tomorrow, Why dont u teach me about money, Why dont u teach me about how to get rich, mass entitlement mentality, dream fuels u to take action,
Chapter 20
money comes from taxpayers, most parents teach their children for ordinary income, portfolio income or capital gains, Rich dont work for money, willingness to become financially educated, Passive income are truly rich, that is the Cash flow, he was the multi millionaire, how do the rich make money, by working in B and I quadrant, Passive income puts your life on fast track, E,S quadrant money puts u in rat race, Financial education change ur status, desire to change,
Chapter 21
You dont need to be a rocket scientist, ordinary income , income of the poor, portfolio income , income of the middle class, passive income , income of the rich, education is a life long process, it is more than a evening discussion, the rich are welcome every where, portfolio income is the income from the stock market, they will destroy the American democracy, work harder and harder for ordinary income, living in a free country, u are free to choose your income, Final words, No financial education in schools, entitled to success and money, medium of exchange, u give something and in return u receive something, the more u give the more u receive,
Work for free, do not have entitlement mentality, we have to learn to cook and clean,
Chapter 22
Kids are taught to live in a world of right or wrong, the idea of only one correct answer is the education of school but in the real world we have more than one correct answer, poor dad answer to the question of 1 + 1 is 2 but the rich dad answer is 11, The core lesson of the book, the best intelligence is to hold two opposed idea in the mind and still retain the ability to function, To teach entrepreneurship,
Out of fear, out of dream, monumental falsehood, time for a change, time for refocus, start ur new cash flow for generations, there are only waves , peaks and valleys, I encourage you to start this Unique journey of your own life, take time to recognize people, different perspective, different point of view, opposing point of view, On ES side taxes are bad , on BI side taxes are good, the rich on ES side are greedy, the rich on BI side are generous, communist vs socialist, vs fascist vs capitalist, economic philosophies, what is intelligence ? Getting out of the trap of right or wrong world, one fact is,
Maslows hierarchy of needs, the highest level is self actualisation, that there is more than one answers, facing the world without any prejudice, person is generous, giving back rather than taken,
Chapter 23
My employees value money more than financial education, that is why they are employees,
who is smarter, employees or employer, many worked for him, idea is so pervasive, coaching is much more valuable than money, working for money in free time, advised me to look for an opportunities,
I was looking for the opportunities rather than a job, A lawyer can do all the work alone, but an entrepreneur cannot and therefore he is the richest person of the world, Hire other people to do the work, and pay them for the work, It is priceless, multiple points of view, The real life, Intelligence is the ability to see both the sides of a coin,
Chapter 24
Why your banker does not ask for your report card, my banker was more interested in my cash flow, than my report card, your banker is not interested in your academic intelligence, your banker is interested in your financial intelligence, Many A students have good academic report card but poor in their financial report card, looking for job and paycheck , for their living expenses, window of learning, they are trapped between paycheck to paycheck, language of money, key drivers of economy, go to school and get good grades, power of balance sheet, without financial education they become poor, focussed on his income education, our poor dad believed that our house is an asset, but it was not, power of little green houses, Assets and liabilities, assets put money in your pocket even if u are not working, taking money from my pocket, warning for the future, i do not say dont buy your house, i say dont call your house as an assets, your assets is actually your liabilities, assets and liabilities in your balance sheet, Assets cannot assets without liabilities, Banker assets become your liabilities, your assets become your bankers liabilities, child learn by taking risks, financial ignorance, Middle class earns more money but they have more expenses, retirement money is your assets, Rich focus on the power of their assets, power of the balance sheet, Cashflow game, Why banker doesnt care whether u were A students, or a drop out, they do not ask for your report card, mortage company, credit score or your financial statement, if you have your financial statement, share it with your children,
Chapter 25
give and u will receive, Many thinks rich are greedy, capitalist are driven by this principle, the more people i serve, the more effective i become, free markets, producing more than less, all the job they create, it is not greed it is ambition, their success comes by creating the job and bringing innovation in our life, they have enriched other life to become rich, I have hard time labelling that as greed, Popular belief is that capitalist are greed, wanting more than they are ready to give, politician favours a special interest group it is greedy, when a worker expects more for what they produced is greed,when an employer favours employee it is greed, Greed knows no boundary, no caste, no creed, war of words, Serve and protect yourselves, every city in the nation,
Chapter 26
Small perks like Free bus and Library passes, competition in job, Entitlement mentality make everybody to suffers, happiest year of my life, professional and financial success, undersatand financial statement, hire but could not fire, Lack of financial education in school is the real cause between the rich and the poor, the real rich people are generous, Robin hood taking money from the rich and distributing among the poors, the owner of a sports team is mega rich, Largest group of millionaire, money in pocket as capital gain or cash flow, Recd income from their assets, Cash flow millionaire, open the new ways of thinking, many people invest money for long term for capital gain, few invest their money and time for Cash flow, Becoming generous rich people, Assets producing millions in cash flow, Real difference between rich-middle class- poor is the focus, the rich keep their focus on building their assets, Poor and middle class focus on their income, Money they earn in income coloumn, They tend to save their money, They get angry with the rich, they accuse being greedy, Poor Dad send their child to Go to school to get a job rather than go to school to acquire an assets, poor earn few assets, Investments that put money in your pocket every month, Most people have one job, most people have house, Most people have one retirement plan, the true spirit of capitalism is the most people u serve , the more effective you become, The more u give, the more u receive, the amount u receive depends upon the amount u give.Many people want to be paid more, do less and retire , offering ur child another point of view is generosity, The principle of being generous, results of sharing than being greedy, generosity is being the part of our life, very generous people who collected the wealth of the world,
Chapter 27
Chapter 28
Chapter 29
Chapter 30
Rich class people use rich word, middle class people use middle class words, poor class people use poor words, ex. Poor people say i cannot afford it, Rich people say, how can i afford it, If u want to change ur life, change ur words, money talks as well as walks, Learn the language of money, School teaches us words like Calculus, physics, Noun, history, chemistry, they are important in our life but They fail to prepare students for the real world of money, , Financial crisis, Einstein said the difference between stupidity and geniuses, the geniuses has its limitation but the financial crisis is the result of unlimited stupidity,
Words are incredibly powerful, words can hurt , words can heal. Words can make u rich, words can make u poor, Words can encourage, words can discourage, Many financial problems begin with words, many dont understands the language of money, your house is the biggest asset, he seeks commission, Diversify your income, Bank do not make money on your savings, they make money on your debts, difference between your education and your advice, honest mistake with ur money, we learn through our mistakes, good time with your money, difference between goose and golden eggs, Living within the means vs expanding the means,
Chapter 31
Money keeps flowing as u keep building ur assets, so much greed in this world
Chapter 34
With new home, the expenses increase. They say to live below their means, expand your means, Rat race, the rats are winning, the context are good, How to beat the rats, by expanding your means, you cannot beat the rat by leaving below your means, Money and happiness, increase your emotional intelligence, people lack emotional intelligence, emotional intelligence is success intelligence, one emotion is delayed gratification, many people cannot wait long for success, they stay poor for generations,
Chapter 35
Only the A students can feel knowing the right answer can make them rich, most of the C student become millionaire by making the mistake first and learning from the mistake, you can win the game, you can be a millionaire, you can become a professional athelete, But the problem with them is that the professional athelete are bankrupt after 5 years of their retirement, canception and deception, baby boomers, cash flow millionaire, Financial crisis a long term crisis, working for richdad for free, therefore i am financially free,
The more u give , the more receive, most of the people dont know this. Primary job is to raise capital from people, Rich dad prepared me for the process, Leadership skill is very very important in Entrepreneurs, it will only happen when u will interact with a group, Govt gives significant tax breaks to business man, OPM, OPT, OPE, The tallest building is built by OPM, ES deposit money with I , Become OPM employees, The purpose of our education system is to produce OP, Different quadrants are different classroom, you have to teach your children about different classrooms early in your home, Remember Quadrants are more important than the professions, When i was bunking from the school, i make as much money i want, i do not need a paycheck or pension, Financial advantages of financial education, keep more of your money, protect more of your money, more peace of mind more generosity with financial education, more control over your life, Why learning about money will give them the unfare advantage of , education is not about equality, education is not about fare, they know the education is going to give advantages in life, Turn your home into classroom, Welcome questions and look in the life for challenges and their setbacks, Creating an environment of learning in your home will give your children a unfair advantage, with strong financial education in home your child will have the freedom to follow their dream,
Chapter 36
They became billionaires, legally print your own money, Phd in capitalism, bureauratic corruption is found all over the world, if u know how to make money, u will become a billionaire, most of the school teaches u how to be successful as a bureaucrat in a big corporation, not as how to start a company, develop entrepreneusr skill, most teachers are employees how can they teach about entrepreurship, schools are producing more and more mass bureaucrats, we need more entrepreneurs where people learn and grow, and learn to print their own money, Starting a business and selling it to people,
Technical strategy of trading, education and practice, every corner of the world, they are printing more money, their way of printing money, thinking like a generous capitalist, brain surgeon, you are your own imagination, incredible gift, Most of the people make jokes of B quadrant because most of the people belong to E quadrant, Real world business experience, Macdonald has the best business systems in the world, Work experience is priceless, Rich dad advise, it is not the profession, it is the quadrant, I am the Teacher in B&I quadrant making more money than teacher in E quadrant, Teaching in B & I quadrant is how i print my own money, protect yourself and your family than being crushed by rising inflation, more taxes, poverty and financial turbulence,
Chapter 37
Chapter 38
The desire to learn is the key to learning,
Chapter 39
Chapter 40
