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Sanket Gadkari 19
Purav Khotari 29
Darshak Pandya 38 Sharanjeetkaur Minhas 34
Manjunath Taradi 56
Pratibha Trivedi 58
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Some Books and Stuff by Robert
Kiyosaki and Sharon Lechter
Rich Dad. Poor Dad.
Cashflow Quadrant
Cashflow Game
Cashflow, The E-Game
Rich Dads Guide to Investing Retire Young. Retire Rich.
Rich Kid. Smart Kid.
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Rich Dont work for
money The poor and the
middle class work
for money
The rich think of
ways to makemoney work for
them
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Why Teach Financial
Literacy? Money cannot work for you unless you
understand how money works
The current education system does notteach how money works
Most educated people do not know ordo not understand the basics of money
management
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Assets vs. Liabilities
Asset: Puts money in your pocket
Liability: Takes money away from you
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Types ofAssets
Paper: Stocks, Bonds,Mutual Funds, andInsurance (Portfolio Income)
Real Estate: Residential and Commericalproperties (Passive Income)
Businesses: (Passive Income)
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Types of Income
Portfolio Income: Derived from paper assets easiest to manage
Passive Income: Derived from real estate orroyalties from patents
Earned Income: Paycheck highest taxed typeof income
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Cashflow pattern
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How The Poor Live
They only have small incomes and
small expenses
IncomeStatement
BalanceSheet
Income
Expenses
Assets = Zero Liabilities = Zero
$The
Wealthy
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How The Middle Class Live
They buy expenses and
liabilities they think are assets
IncomeStatement
BalanceSheet
Income
Expenses
Assets
Liabilities
Assets
$The
Wealthy
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IncomeStatement
BalanceSheet
Income
Expenses
Assets
Liabilities
$ Poor andmiddle class
income
How The Wealthy Live
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Business that do not require my presence.
I own them, but they are managed or
run by other people. If I have to work
there it is a not a business. It becomes
my job.
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The Rich Invent Money Accounting. HOW?!!!
1. Financial Literacy
2. Investment Strategies
3. The Market - Supply and Demand (Learn
how to exploit the market)
4. The Law
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Financial strategy
Rich and Poor Dad
The Rich with
corporation
People who work
for corporation
1.Earn Earn
2.Spend Pay taxes
3.Pay taxes Spend
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Two main vehicles to achieve
financial growth : real estate and
small stocks.1. To let people know it is easy if foundation is
strong
2. anyone can achieve great wealth
3. There are millions of way to achieve your
goals.4. Its not rocket science.
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WORK TO LEARN
DO
NT WO
RK FO
RMO
NEYLearn the management skills of success:
TheManagement of cash flow.
TheManagement of system
(including your self and time with
family.)
The management of people.
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Overcoming Obstacles
Fear
Cynicism
Laziness
Bad Habits
Arrogance
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Getting started
Need a reason greater than reality
Choose friends carefully
Master a formula then learn new one Pay yourself first
Assets buy luxuries
The need for heroes
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Conclusion
1. Dont work for money
2. Become financially literate
3. Mind you own business4. Understand the tax laws and the use of
corporations as a tax shelter
5. Invent money6. Work to learn Dont work for money
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