Summary Of Rich Dad Poor Dad

ENTERPRENEURSHIP AND LEADERSHIP
ASSINGMENT 3
(RICH DAD POOR DAD)
SUMMARY
Rich dad poor dad is the story of author Robert T. Kiyosaki.

CHAPTER 1: THE RICH DON’T WORK FOR MONEY, MONEY WORKS FOR THEM
Robert T. Kiyosaki decides he wants to start his own business with his friend Mike, to be his partner.
They fitted a dream to make money out of their neighbors lead toothpaste tubes by melting them down and using a nickel as a template.
Robert’s father suggests that they should talk to Mike's dad if they truly want to learn how to be rich.
Mike's father had a reputation in town for his business expertise and talent with earning money.
Mike's dad informs Robert that if he wants to keep learning from him, he will return the next week and continue to

Save a percentage of your income.
XII. Know your worth.
XIII. Venture into Entrepreneurship.
XIV. Tracking finances.
XV. Provide more values in some other ways to your Employees.
XVI. Saving versus craving.
XVII. Borrow when times are good.
XVIII. Pay down your debt.
XIX. Education and learning.
XX. Invest in marketing.
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Q: How can money be just an idea?
ANSWER:
• Money can only be an idea because success is the main thing which leads you to your idea(money).
• Learning is the first step to get to that idea. Without learning anything nothing can be achieved.
• Money is the goal and learning is the step to get to the goal.
• Learning leads you to earn money but money cannot teach you anything by itself.
• No doubt learning is sometimes the purpose to get rich only and to get more money but education can teach you many more things which you require to live life.
• Money can’t buy happiness.
• Remember, Lack of money is the root of all Evil.
• The goal isn’t more money; the goal is living life on your terms.
• A business that makes nothing but money is a poor business.
• Success isn’t measured by money only but rank, discipline and power.