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Saturday, November 11, 2006

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Rich Dad Poor Dad book Review

Read this book and take action advised if you want to become financially freedom.

The Big Idea

E B
S I
The letters in each quadrant represent the Employee, Self-Employed, Business Owner, and
Investor. Discover how to move from the left side to the B and I Quadrants, where you work less,
earn more, pay less taxes and have more free time to spend with your loved ones!

It helps to take some courses to gain financial literacy; rich dad stresses the importance of learning -

  • Accounting. It pays to know how to read financial statements. When acquiring businesses or assets you need to quickly see the financial standing of the company you are acquiring. Many grown adults do not know how to balance a balance sheet. In the long term, this knowledge will pay off for you and your business.
  • Investment Strategy. This skill will sharpen with experience. Talk to investors and observe how they play the game. Kiyosaki and Mike spent many boyhood hours sitting in on Rich Dad's meetings with brokers, accountants, and attorneys.
  • Market Behavior . Know the laws of Supply and Demand. No business owner can do without understanding these basic principles of the market. Bill Gates saw what people needed. Open your eyes to opportunities. Look at what sells and who buys.
  • Law Kiyosaki recommends doing everything you can to grow your business within legal boundaries. Know your corporate, state, and accounting laws.



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1 comments:

Made on November 13, 2006 at 4:21:00 PM GMT+8 said...

If everyone is learning investment, accounting, and such, who's gonna be the IT expert? =P

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