The books (or only good books) appear faster than you read, so is mandatory to read all the time and to have friends recommending you books they think to be ok. This time Vlad told me about “Rich Dad, Poor Dad” when visiting Finland for JCI European Congress 2016. Written by Robert Kiyosaki in 1997 (i missed it then, i was still in university – so by reading it i noticed things changed ALOT from then). He invented a boardgame that you can play it online now, called Cashflow. For me the book is good to motivate but lacks an european perspective of things, tradition and family values in business. Anyhow, preety interesting.
It advocates the importance of financial independence and building wealth through investing, real estate investing, starting and owning businesses, as well as increasing one’s financial intelligence to improve one’s business and financial aptitude. Rich Dad Poor Dad is written in the style of a set of parables, ostensibly based on Kiyosaki’s life. (wikipedia). Here are the things i extracted from the book, worthing in my opinion to retain.
“Life is not about how much money you make, is how much money you keep”
“Rich people aquire assets. The poor and middle class aquire liabilities, but they think they are assets. The rich buy assests, the poor have only expenses, the middle class buy liabilities they think are assets.” + “Old ideas are the biggest liability”
“KISS principle – Keep It Simple and Stupid”
“If you find you have dug yourself into a hole, stop digging”
“Fear of public speaking is a fear greater than death for many people. 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, the fear of being an outcast.”
“An individual with the knowledge of the tax advantage and protection provided by a corporation can get rich so much faster than someone who is an employee or a small business sole proprietor”
“Why using examples
1. To inspire people to learn more
2. To let people know that is esy if the foundation is strong
3. To show that anyone cand achieve great wealth
4. To show that there are millions of ways to achieve your goals
5. To show that is no rocket science”
“How to organize smart people – Intelligent people are those who work with or hire a person who is more intelligent than they are”
“It says ‘best-selling’ author not best ‘writing’ author”
“The emerging nations are not in Europe”
“The best is to go broke by 30” (i experienced twice this fall down)
“If most of you cand cook a better hamburger, how come McDonalds make more more money than you? The answer is obvious: McDondald’s is excellent at business systems. McDondald’s does not make the best hamburger, but theyare the best at selling and delivering a basic average hamburger”
“The most important law of money is Give and you shall receive. Instead of Receive and then you give”
“Everyone wants to go to Heaven but no one wants to die”
“Do a list with your wants and don’t wants. The ‘don’t wants’ hold the key to your success”
“The most common form of laziness is by staying busy. What is the cure for laziness? The answer is a little greed” + “Poor people are more greedy than rich people”
“The radio station WII-FM – What’s in it for me?”
“Arrogance is ego plus ignorance. What i know makes me money. What i don’tknow looses me money. Every time i have been arrogant i have lost money, because whan i am arrogant i truely believe that what o don’t know is not important”
“We hold the power to choose our future to be rich, poor or middle. Our spending habits reflect who we are”.
“The thiefs take the TV and the VCR but leave behind the books”
“You become what you study”
“To start a business you only need to know 1.Management of cashflow 2.Management of people 3.Management of personal time. In fact these are aplying to everything”
“Make offers. People (who are not investors) have no idea what it feels like to betrying to sell something”
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