Rich Dad Poor Dad: What the Rich Teach Their Kids about Money That the Poor and Middle Class Do Not!

April 2017 marks 20 years since Robert Kiyosakis Rich Dad Poor Dad first made waves in the Personal Finance arena.It has since become the #1 Personal Finance book of all time... translated into dozens of languages and sold around the world.Rich Dad Poor Dad is Robert's story of growing up with two dads his real father and the father of his best friend his rich dad and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.20 Years... 20/20 HindsightIn the 20th Anniversary Edition of this classic Robert offers an update on what weve seen over the past 20 years related to money investing and the global economy. Sidebars throughout the book will take readers fast forward from 1997 to today as Robert assesses how the principles taught by his rich dad have stood the test of time.In many ways the messages of Rich Dad Poor Dad messages that were criticized and challenged two decades ago are more meaningful relevant and important today than they were 20 years ago.As always readers can expect that Robert will be candid insightful... and continue to rock more than a few boats in his retrospective.Will there be a few surprises? Count on it.Rich Dad Poor Dad... Explodes the myth that you need to earn a high income to become rich Challenges the belief that your house is an asset Shows parents why they can't rely on the school system to teach their kids about money Defines once and for all an asset and a liability Teaches you what to teach your kids about money for their future financial success
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The key to successfully starting any situation is a fine situation plan. In his ebook, Rich Dad Poor Dad: What the Rich Teach Their Kids about Money That the Poor and Middle Class Do Not!, Mike Elia walks you through the situation scheme process step-by-step: from addition the evidence youll use to construct your scheme to delivering your scheme to endorsed investors.
His tape provides the basic information you craving to write a situation plan. But its genuine focus is revealing how to communicate your scheme to investors and persuade them that your situation is their best investment choice.
When I first opened situation scheme Secrets Revealed, my heart sank. You see, I had promised Mike I would read his tape categorically back writing a review. And situation scheme Secrets Revealed is no secret ebook subsequently one sentence paragraphs, large fonts and hefty margins. Its crammed full of information!
But as I began to read, I was warmly surprised. Mikes writing style is interesting and practical, and his explanations simplify hard concepts. Throughout the book, I felt as though a pal was sitting subsequently me upon the urge on porch, matter-of-factly explaining exactly how to accomplish something. Its the nice of simple practicality that you can reach on your own subsequently you fully comprehend a subject.
Mikes clear covenant of situation planning concepts results from experience spanning more than 20 years. Mike helps situation owners buy, sell and finance their businesses. He has overseen manufacturing and sales locations in more than nine countries. He is a CPA, holds a Masters in situation Administration, and has served as Chief Financial bureaucrat of two publicly held companies.
Business scheme Secrets Revealed starts subsequently tips for collecting and organizing the information youll need. From the beginning, Mike concentrates upon overcoming your biggest single challengebridging the speculator confidence gap. In the chapter Show Me the Numbers, Mike provides some of the clearest explanations of situation financial statements that Ive ever read If concepts subsequently stockholders equity or statements of cash flow make your eyes glaze over, subsequently your salvation has arrived.
Later chapters of situation scheme Secrets Revealed in reality forward upon Mikes covenant to urge on you communicate your situation scheme effectively. There are resolved instructions upon writing your situation plan, including how to acquire your scheme opened and read, and how to avoid nine common writing mistakes. He explains how choosing the right design can make your situation scheme easier to read. Mike wraps things up by telling you how to prepare for valuable face-to-face times subsequently investors, including developing a 60-second, to-the-point, verbal field for your business. Tips upon finding investors and a resources section resolved the book.
I must take that several times as I was reading, I would ask myself, Do I in reality craving this much situation plan? This is not a fill-in-the-blanks-and-print-it-out situation scheme solution. But subsequently I realizedif Im massive nearly succeeding, subsequently I accomplish craving to know as much as realistic nearly my situation up front. back Ive started spending money. back I put myself upon the line out in the market.
By the way, I did make it through the total book. And I avowed that Mike delivers what he promises upon the title page: he teaches you how to quickly gather evidence, construct a war for your business, and write a readable scheme that attracts investors and makes your situation the most captivating investment choice. Even if you already own supplementary situation planning resources, I severely recommend situation scheme Secrets Revealed
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