| Robert Kiyosaki is the most influential person in | | | | How to Build a Strong Business? According to Rich |
| financial education in the world, he educates people | | | | Dad, the B-I (Business owner and Investor) Triangle |
| to become multi-millionaires and to be rich. Money | | | | is the key to great wealth. This comprises of the |
| working for money is the philosophy of the rich and | | | | mission, the team, leadership, cash flow |
| wealthy and that's how all the greatest wealth has | | | | communications, systems and legal management and |
| been created. "Rich Dad's Guide to Investing" is | | | | product. |
| another excellent book regarding this subject and I | | | | Rich Dad said that product is the least important part |
| rated this book five stars at Amazon. | | | | of the B-I triangle. I personally disagree with this; if |
| If you have read Rich Dad books you are aware of | | | | we look at some of the most respected and |
| his famous four cash flow quadrants; Left Quadrant: | | | | successful corporations in the world such as |
| E: Employees and S: Self Employed; Right Quadrant: B: | | | | Microsoft, Google, Sony, Apple, Samsung, LG, |
| Business Owners and I: Investors. Robert Kiyosaki | | | | Mercedes, BMW they produce some of the best and |
| says that the right quadrant is the area of wealth | | | | most exclusive products in the world. Rich Dad |
| where all the wealthiest people are operating from. In | | | | mentioned about McDonalds hamburgers that we can |
| order to become truly wealthy it is necessary to | | | | make better hamburgers than them, but no one is as |
| create assets, (own businesses) build a system as a | | | | successful as McDonalds. However, as the founder of |
| business owner and acquire assets ( as investor) with | | | | McDonalds, Ray Kroc said, his company is in real |
| your business. | | | | estate business not the hamburger business. |
| He says that most investors never get very rich as | | | | McDonalds and Coke have been successful, but |
| they invest individually rather than investing as a | | | | personally I hardly ever eat in McDonalds or drink |
| business. Rich Dad said his business buys assets with | | | | coke as those foods are associated with junk food |
| pre-tax dollars, while private investors buy assets | | | | that causes obesity and general health problems to |
| with after-tax dollars. Rich Dad said we need | | | | the public. |
| knowledge and experience to become an insider | | | | The ultimate investors create assets that are worth |
| investor to be able to invest in where the rich invest | | | | billions dollars, people such as Bill Gates and Warren |
| in which is not available to the middle and poor | | | | Buffet have made their fortunes in the traditional |
| classes. | | | | way like Ford and Rockefeller did. They built |
| When it comes to money and investing you have the | | | | companies and sold shares in their companies to the |
| following three choices 1) To be secure, 2) To be | | | | public, they worked hard to become selling |
| comfortable 3) To be rich. Rich Dad says that when | | | | shareholders rather than buying shareholders. In other |
| it comes to money the 90/10 rule applies and this is | | | | words, by being selling shareholders, they printed |
| due to the fact that 90% of people choose comfort | | | | (invented) their own money - legally; this is the |
| and security over being rich. Rich dad said there are | | | | biggest secret of the ultra rich and the ultimate |
| only two kinds of money problems; one problem is | | | | formula for wealth! |
| not enough money. The other problem is too much | | | | Rich dad believed in giving back and he knew the |
| money, which type of money problem do you want? | | | | most important law of money "Give and you shall |
| Investing is confusing as it is a very large subject and | | | | receive". He was a generous man who donated his |
| what most people call investing is not really investing. | | | | money to churches, his favourite charities and even |
| It is very important to write down your financial plan | | | | after his death his foundation has continued to earn |
| and be clear what you really want in your life and | | | | and donate money to good causes. |
| where you are going. If you have a good plan and | | | | The book concludes that You Do Not Need Money |
| stick to it, all you need is a little discipline and do not | | | | to Make Money! Rich Dad said " You can choose to |
| be obsessed with get rich quick schemes. Rich Dad | | | | live in a world of not enough money or too much |
| said investing is not risky, being financially uneducated | | | | money. That choice is up to you." |
| is risky. You need to take control over yourself and | | | | There are lots of people in this world who are much |
| need to be financially educated and gain experience | | | | richer than Robert Kiyosaki, however not many of |
| to become a successful insider investor. | | | | them share the secrets of how they became rich or |
| If you want to be a rich investor you need to learn | | | | teach you how to create wealth. I gained great |
| how to read financial statements. Rich dad said " The | | | | information about wealth building for just the cost of |
| income statement and balance sheet are like a magic | | | | this book; this is another wonderful book that I will |
| carpet". The best investment opportunities come | | | | recommend to my family and friends and I truly |
| from understanding accounting, the tax code, | | | | respect Robert Kiyosaki's generosity and willingness |
| business law and corporate law, in these invisible | | | | to share many of his valuable lessons, knowledge and |
| realms where the real investors shop for the biggest | | | | secrets with the world. |
| investment bargains. | | | | |