Rich Dad Poor Dad


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Rich Dad Poor Dad

Page 111/114
http://motsach.info


Rich Dad Poor Dad
Robert T. Kiyosaki
and I naturally said sell, on a 1031 tax-deferred exchange.
Suddenly, he had nearly $80,000 to operate with. I called another friend in Austin, Texas who
then moved this tax deferred money into a mini-storage facility. Within three months, he began
receiving checks for a little less than a $1,000 a month in income which he then poured back
into the college mutual fund that was now building much faster. In 1996, the mini-warehouse
sold and he received a check for nearly $330,000 as proceeds from the sale which was again
rolled into a new project that would now throw off over $3,000 a month in income, again,
going into the college mutual fund. He is now very confident that his goal of $400,000 will be
met easily, and it only took $7,000 to start and a little financial intelligence. His children will be
able to afford the education that they want and he will then use the underlying asset, wrapped in
his C Corporation, to pay for his retirement. As a result of this successful investment strategy he
will be able to retire early.
Thank you for reading this book. I hope it has provided some insights into utilizing the power of
money to work for you. Today, we need greater financial intelligence to simply survive. The
idea that it takes money to make money is the thinking of financially unsophisticated people. It
does not mean that they're not intelligent. They have simply not learned the science of making
money.
Money is only an idea. If you want more money simply change your thinking. Every self-made
person started small with an idea, then turned it into something big. The same applies with
investing. It takes only a few dollars to start and grow it into something big. I meet so many
people who spend their lives chasing the big deal, or trying to mass a lot of money to get into a
big deal, but to me that is foolish. Too often I have seen unsophisticated investors put their large
nest egg into one deal and lose most of it rapidly. They may have been good workers but they
were not good investors.
Education and wisdom about money are important. Start early. Buy a book. Go to a seminar.
Practice. Start small. I turned $5,000 cash into a $1 million dollar asset producing $5,000 a
month cash flow in less than six years. But I started learning as a kid. I encourage you to learn
because it's not that hard. In fact, it's kind of easy once you get the hang of it.
I think I have made my message clear. It's what is in your head that determines what is in your
hands. Money is only an idea. There is a great book called Think and Grow Rich. The title is not
Work Hard and Grow Rich. Learn to have money work hard for you and your life will be easier
and happier. Today, don't play it safe, play it smart.
Take Action!
Many of you were given two great gifts: your mind and your time. It is up to you to do what you
please with both. With each dollar bill that enters your hand, you and only you have the power
to determine your destiny. Spend it foolishly, you choose to be poor. Spend it on liabilities, you
join the middle class. Invest it in your mind and learn how to acquire assets and you will be
choosing wealth as your goal and your future. The choice is yours and only yours. Every day
with every dollar, you decide to be rich, poor or middle class.
Choose to share this knowledge with your children, and you choose to prepare them for the
world that awaits. No one else will.
Page 112/114
http://motsach.info


Rich Dad Poor Dad
Robert T. Kiyosaki
You and your children's future will be determined by choices you make today, not tomorrow.
We wish you great wealth and much happiness with this fabulous gift called life.
Robert Kiyosaki, Sharon Lechter
About the Authors-Robert T. Kiyosaki
“The main reason people struggle financially is because they spent years in school but learned
nothing about money. The result is, people learn to work for money... but never learn to have
money work for them.” says Robert.
Born and raised in Hawaii, Robert is fourth-generation Japanese American. He comes from a
prominent family of educators. His father was the head of education for the State of Hawaii.
"After high school, Robert was educated in New York and upon graduation, he joined the U. S.
Marine Corps and went to Vietnam as an officer and a helicopter gunship pilot.
Returning from the war, Robert's business career began. In 1977 he founded a company that
brought to the market the first nylon and Velcro “surfer” wallets, which grew into a multi-million
dollar worldwide product. He and his products were featured in Runner's World, Gentleman's
Quarterly, Success Magazine, Newsweek, and even Playboy.
Leaving the business world, he co-founded in 1985, an international education company that
operated in seven countries, teaching business and investing to tens of thousands of graduates.
Retiring at age 47, Robert does what he enjoys most... investing. Concerned about the growing
gap between the haves and have nots, Robert created the board game CASHFLOW, which
teaches the game of money, here before only known by the rich.
Although Robert's business is real estate and developing small cap companies, his true love and
passion is teaching. He has shared the speaking stage with such greats as Og Mandino, Zig
Ziglar, and Anthony Robbins. Robert Kiyosaki's message is clear. “Take responsibility for your
finances or take orders all your life. You're either a master of money or a slave to it.” Robert
holds classes that last from 1 hour to 3 days teaching people about the secrets of the rich.
Although his subjects run from investing for high returns and low risk; to teaching your children
to be rich; to starting companies and selling them; he has one solid earth shaking message. And
that message is, Awaken The Financial Genius that lies within you. Your genius is waiting to
come out.
This is what world famous speaker and author Anthony Robbins says about Robert's work.
“Robert Kiyosaki's work in education is powerful, profound, and life changing. I salute his efforts
and recommend him highly.” During this time of great economic change, Robert's message is
priceless.
About the Authors-Sharon L. Lechter
Wife and mother of three, CPA, consultant to the toy and publishing industries and business
owner, Sharon Lechter has dedicated her professional efforts to the field of education.
Page 113/114
http://motsach.info


Rich Dad Poor Dad
Robert T. Kiyosaki
She graduated with honors from Florida State University with a degree in accounting. She
joined the ranks of what was then one of the big eight accounting firms, and went on to become
the CFO of a turnaround company in the computer industry, tax director for a national
insurance company and founder and Associate Publisher of the first regional woman's magazine
in Wisconsin, all while maintaining her professional credentials as a CPA.
Her focus quickly changed to education as she watched her own three children grow. It was a
struggle to get them to read. They would rather watch TV.
So she was delighted to join forces with the inventor of the first electronic “talking book” and
help expand the electronic book industry to a multi-million dollar international market. Today,
she remains a pioneer in developing new technologies to bring the book back into
children's lives.
As her own children grew, she was keenly involved in their education. She became a vocal
activist in the areas of mathematics, computers, reading and writing education.
“Our current educational system has not been able to keep pace with the global and
technological changes in the world today. We must teach our young people the skills, both
scholastic and financial, that they will need not only to survive, but to flourish, in the world they
face.”
As co-author of Rich Dad Poor Dad and the CASHFLOW Quadrant she now focuses her efforts
in helping to create educational tools for anyone interested in bettering their own financial
education.
Page 114/114
http://motsach.info

Document Outline

  • INTRODUCTION
  • CHAPTER ONE
  • CHAPTER TWO
  • CHAPTER THREE
  • CHAPTER FOUR
  • CHAPTER FIVE
  • CHAPTER SIX
  • CHAPTER SEVEN
  • CHAPTER EIGHT
  • CHAPTER NINE
  • CHAPTER TEN
  • EPILOGUE

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