
Rich dad poor dad presentation
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SlideShare9) Extra
i) Stop, Assess what is working and what is not
ii) Read - look for new ideas
iii) Find your guru - has done what you want to do
iv) Make offers in the buy & sell game
v) Shop for bargains - profits are made in the buying, not in the selling
vi) Look for buyer (demand), then look for seller (supply) - buy cheap bulk & sell expensive pieces
vii) Think big on how you can spend less to gain more
viii) Learn from histories of the successful
ix) Act. Now.
vii) Get Something for Nothing - Invest, once it achieve a level of return (profit), take your capital out. You now has your profit rolling as your asset, and your initial money ready for other investments
viii) Power of focus - Use what you have now to gain more instead of wasting. Focus on creating not borrowing
ix) By having heroes, we tap into a tremendous source of raw genius. Find a hero who make it look easy
x) Teach and you shall receive - if you want something, you first need to give
v) Discipline - master the management of cash flow, people & personal time. Pay yourself first - invest & pay the gov last. Don't get into large debt, keep your expense low & get yourself nice car and big house. When short, use the pressure to come up with new ways to make more money. Do not dip into your saving to pay bill, use it to create more money
vi) Pay the professionals - their advices are priceless because it make you more money.
8) How to Start?
i) Find reasons of what you 'want' & 'don't want' - you want to work until your 60's and retire leaving nothing? you don't want cashflow that pass onto generations?
ii) Power of Choice - choose to be rich, be humble to listen to new idea and educate yourself
iii) Choose your friends carefully - be open to listen to both sides. Don't time the market - Get in the position for next wave
iv) Master a formula and learn a new one - it's not how much you know, it's how fast you learn
iii) LAZY
-Laziness by staying busy- most people deny to take care important aspects of their lives because they are 'busy'
-Be a little greed, desire a better life
-instead of "I can't afford it", think more of "how can I afford it"
iv) BAD HABIT
-Pay yourself first, not the debt collector- your are going to be financially stronger, mentally & fiscally
v) ARROGANCE
-Not knowing will cost you-the arrogants lose money by thinking that it's not important
-Educate yourself with the experts or books
7) Overcome the Obstacles
i) FEAR
-Poor people afraid of losing money, that's why they never risk it.
-Whenever you lose, practice harder, study more & be better- take it as inspirations
-Imbalance at first is totally fine-Focus on lesser investment tools
ii) CYNICISM
-Doubt kills before you even start
-unchecked doubt and fear creates a cynic-analyze, not complain
-Focus on what you what, not the noises
6) Work to Learn-Don't Work for Money
-If you are good at produce something, learn to sell it
-Learn more than what your school taught you - finance, management, sales & marketing, etc
-Acquire new skills
-If you want to be highly specialized in your field, make sure your industry is unionize - otherwise, you are worthless outside the sector
-Success consisted of management of Cash Flow, Systems and People
-Give, and you shall receive
-The problem with “secure” investments is they are often sanitized, it become so safe that the gains are less.
-The greater your financial intelligence, the easier it is to tell whether a deal is good
-It is not gambling if you know what you’re doing - throwing money into deals and praying are gambling
-To become an investor who creates investments:
i) Find an opportunity that everyone else missed
ii) Learn how to raise capital
iii) work with people who are more intelligent than you
5) The Rich Invent Money
-It's not due to lack of technical information that holds us back, but self confidence. The bold get ahead, not the smart
-Financial intelligence is simply having more options - how many different solutions you can think to turn a lemon to millions
-Inventing money is the concept of buy cheap supply, create/find demand, & sell higher
-Market/Economy goes up and down - Seek opportunities & develop financial intelligence
-Be sensible and simple in investment