1. RICH DADRICH DAD
Poor DadPoor Dad
By :Robert KiyosakiBy :Robert Kiyosaki
Sharon Lecher C.P.ASharon Lecher C.P.A

2. What Rich TeachWhat Rich Teach
Their KidsTheir Kids
About Money ThatAbout Money That
Poor & Middle classPoor & Middle class
Do Not !Do Not !

3. ““The poor & middle classThe poor & middle class
work for moneywork for money . “. “ The richThe rich
have money work for themhave money work for them”.”.
THE RICH DON’T WORKTHE RICH DON’T WORK
FOR MONEYFOR MONEY..

4. Poor Dad Vs Rich DadPoor Dad Vs Rich Dad
TheThe lovelove of Money isof Money is
root of all Evilroot of all Evil
I can’t afford it.I can’t afford it.
Study hard so thatStudy hard so that
you can find a goodyou can find a good
company to work forcompany to work for
Money Play it safe,Money Play it safe,
Don’t take RiskDon’t take Risk
TheThe lacklack of Money isof Money is
Root of all EvilRoot of all Evil
How can I afford it ?How can I afford it ?
Study Hard so thatStudy Hard so that
you can find goodyou can find good
company to Buy.company to Buy.
Money- Don’t playMoney- Don’t play
safe, Play itsafe, Play it Smart.Smart.
Learn to manageLearn to manage
Risk.Risk.

5. Poor Dad Vs Rich DadPoor Dad Vs Rich Dad
Depends onDepends on
company/Government forcompany/Government for
pay hike, medicalpay hike, medical
insurance, retirementinsurance, retirement
plan etc.plan etc.
I am not interested inI am not interested in
MoneyMoney
Our home is our largestOur home is our largest
investment and ourinvestment and our
greatest asset.greatest asset.
Believes in total financialBelieves in total financial
self reliance.self reliance.
Money isMoney is Power.Power.
My house is a liabilityMy house is a liability
and if your house isand if your house is
your largest investmentyour largest investment
you are in Trouble.you are in Trouble.

6. There is a need.There is a need.
Study Hard, Get Good Grades and you will Find a highStudy Hard, Get Good Grades and you will Find a high
paying job with Great Benefits (Safe & Secure Jobspaying job with Great Benefits (Safe & Secure Jobs))
RAT RACERAT RACE
Study Hard, Graduation, Post Graduation, Job, Marriage,Study Hard, Graduation, Post Graduation, Job, Marriage,
Children,Promotions/Jobchange,House, Cars,Children,Promotions/Jobchange,House, Cars,
Good School, Overtime/Part Time Jobs, VacationsGood School, Overtime/Part Time Jobs, Vacations……………………
Fast TrackFast Track
Bill Gates,Michale Jordon, Madonna…..Bill Gates,Michale Jordon, Madonna…..

7. There is a need.There is a need.
Study Hard, Get Good Grades and you will Find a highStudy Hard, Get Good Grades and you will Find a high
paying job with Great Benefits (Safe & Securepaying job with Great Benefits (Safe & Secure
JobsJobs))
IS A BAD ADVICEIS A BAD ADVICE
The world has changed & Changing very fastThe world has changed & Changing very fast
and current educational system has failedand current educational system has failed
to cope up with the changeto cope up with the change..
Education is the foundation of success so areEducation is the foundation of success so are
the Financial skills & Communication skills.the Financial skills & Communication skills.

8. There is a need.There is a need.
Financial Intelligence is the Mental Process viaFinancial Intelligence is the Mental Process via
which we solve our Financial Problems.which we solve our Financial Problems.
But there are different set of rules with whichBut there are different set of rules with which
Rich Plays compared to Poor & MiddleRich Plays compared to Poor & Middle
class.class.
Example : Down Sizing/ Right Sizing of TheExample : Down Sizing/ Right Sizing of The
Company.Company.

9. Why Teach Financial Literacy ?Why Teach Financial Literacy ?
RetirementRetirement :: We can work or Not Work and our wealthWe can work or Not Work and our wealth
grows automatically staying way ahead ofgrows automatically staying way ahead of
inflation.inflation.
In life it is not important how much money you make, It isIn life it is not important how much money you make, It is
how much Money you keep.how much Money you keep.
AssetsAssets : Puts Money in your Pocket.: Puts Money in your Pocket.
LiabilityLiability : It is something that takes Money out of a: It is something that takes Money out of a
Pocket.Pocket.
WealthWealth :: Persons ability to survive so many days ForwardPersons ability to survive so many days Forward..

10. Poor /Middle Class Financial StatementPoor /Middle Class Financial Statement
IncomeIncome
Pay Check.Pay Check.
ExpensesExpenses
Taxes,Taxes,
MortgageMortgage
FixedFixed
ExpensesExpenses
AssetsAssets LiabilitiesLiabilities
Home,Home,
ConsumerConsumer
Loans,Loans,
Credit cardsCredit cards

11. Rich Class Financial StatementRich Class Financial Statement
IncomeIncome
Dividends,Dividends,
Interest,Interest,
RentalRental
IncomeIncome
ExpensesExpenses
AssetsAssets
Stocks,Stocks,
Bonds,Bonds,
RealReal
Estate,IPREstate,IPR
LiabilitiesLiabilities

12. Why Teach Financial Literacy ?Why Teach Financial Literacy ?
8899777788997777
The way to get Richer is to increase the CashThe way to get Richer is to increase the Cash
Flow from the Assets, keep the expensesFlow from the Assets, keep the expenses
less than the cash Flow generated fromless than the cash Flow generated from
these assets.these assets.
Reinvestment process continues with moreReinvestment process continues with more
and more income from Sources other thanand more income from Sources other than
the Physical labor.the Physical labor.

13. Mind your Own BusinessMind your Own Business
Profession & Business : McDonald StoryProfession & Business : McDonald Story
Financial Struggle is often directly the result ofFinancial Struggle is often directly the result of
People working all their life for some one else.People working all their life for some one else.
Owner or Share Holders of the CompanyOwner or Share Holders of the Company
Government ( Taxes )Government ( Taxes )
Banks ( Repayment of Loans )Banks ( Repayment of Loans )
Business revolves around the Asset columnBusiness revolves around the Asset column..

14. History of Taxes & Power of CorporationHistory of Taxes & Power of Corporation
Robin Hood : Collect it from Rich & Distribute it to the Poor.Robin Hood : Collect it from Rich & Distribute it to the Poor.
Financial I.QFinancial I.Q..
It is made up of knowledge from Four Broad Areas of ExpertiseIt is made up of knowledge from Four Broad Areas of Expertise..
1)1) AccountingAccounting : Financial Literacy is the ability to read & understand: Financial Literacy is the ability to read & understand
financial statements.financial statements.
2)2) InvestingInvesting : Science of Money MAKING Money: Science of Money MAKING Money
3)3) Understanding MarketUnderstanding Market : Technical aspect of science of: Technical aspect of science of
Supply & DemandSupply & Demand
4)4) LawLaw : To make advantages from various provisions in the law: To make advantages from various provisions in the law
for Growth of the Organization.for Growth of the Organization.

15. The Rich Invent MoneyThe Rich Invent Money
Example : Graham Bell .Formation Of AT & T.Example : Graham Bell .Formation Of AT & T.
Every Person is Genius ,but excessive Fear & Self Doubt are theEvery Person is Genius ,but excessive Fear & Self Doubt are the
greatest Destructor of Personal Genius.greatest Destructor of Personal Genius.
Why Develop Financial I.Q. ?Why Develop Financial I.Q. ?
In today's changing world Job security CAN NOT be taken forIn today's changing world Job security CAN NOT be taken for
granted.granted.
Hence we Must have more OPTIONS.Hence we Must have more OPTIONS.
MONEY IS NOT REALMONEY IS NOT REAL
In Today's Information Age Just Ideas and agreements areIn Today's Information Age Just Ideas and agreements are
exchanged to MAKE MONEY.exchanged to MAKE MONEY.

16. The Rich Invent MoneyThe Rich Invent Money
Financial Intelligence.Financial Intelligence.
To develop Financial Intelligence fallowing 3 skills needs to beTo develop Financial Intelligence fallowing 3 skills needs to be
Developed.Developed.
1)1) Skill to apply your mind , what others miss to see with theirSkill to apply your mind , what others miss to see with their
Eyes.Eyes.
2)2) Skill to raise Money :Investing is not buying. It is more caseSkill to raise Money :Investing is not buying. It is more case
of knowing.of knowing.
3)3) Skill to choose your advisors.Skill to choose your advisors.

17. Work To Learn – DON’T WORK FOR MONEYWork To Learn – DON’T WORK FOR MONEY
Specialization narrows your options and hence your EarningSpecialization narrows your options and hence your Earning
Abilities.Abilities.
The main management skills needed for Success are,The main management skills needed for Success are,
1)1) The management of CASH FLOW.The management of CASH FLOW.
2)2) The management of Systems ( Including yourself & time withThe management of Systems ( Including yourself & time with
family)family)
3)3) The management of People.The management of People.
4)4) Skill of selling & MarketingSkill of selling & Marketing
5)5) Communication skill and Most importantly,Communication skill and Most importantly,
6)6) We need to be a good Teacher.We need to be a good Teacher.
To be truly Rich , we need to be able to give as well as toTo be truly Rich , we need to be able to give as well as to
receive.receive.

18. Overcoming ObstaclesOvercoming Obstacles
The five main reasons Financially literate people struggle toThe five main reasons Financially literate people struggle to
became Financially Independent are,became Financially Independent are,
1)1) Fear of loosing Money :Fear of loosing Money :
2)2) CynicismCynicism
3)3) LazinessLaziness
4)4) Bad HabitsBad Habits
5)5) ArroganceArrogance

19. Overcoming ObstaclesOvercoming Obstacles
To OvercomeTo Overcome
1)1) Fear of loosing MoneyFear of loosing Money ::
A) Start EarlyA) Start Early
B) Plan Your Retirement ( Hire Financial Planner )B) Plan Your Retirement ( Hire Financial Planner )
C) Be FocusedC) Be Focused
Winning means being unafraid to loose.Winning means being unafraid to loose.
2)2) CynicismCynicism : Unchecked doubts & Fear creates a cynic.: Unchecked doubts & Fear creates a cynic.
Cynic Criticizes, Winners Analyzes.Cynic Criticizes, Winners Analyzes.
3)3) LazinessLaziness ; Cure for laziness is to induce a little GREED.; Cure for laziness is to induce a little GREED.
A little greed to have better life.A little greed to have better life.

20. Overcoming ObstaclesOvercoming Obstacles
To Overcome,To Overcome,
4) Bad Habits : Developing Good Money habit is very important.4) Bad Habits : Developing Good Money habit is very important.
Example : Paying bill on the LAST DAY of due Period isExample : Paying bill on the LAST DAY of due Period is
A GOOD HABIT.A GOOD HABIT.
Paying You First Is A GOOD HABIT.Paying You First Is A GOOD HABIT.
5) Arrogance : Arrogance is defined as an EGO + Ignorance.5) Arrogance : Arrogance is defined as an EGO + Ignorance.
Arrogance always makes you to loose Money.Arrogance always makes you to loose Money.
Start Educating yourself by finding an Expert or aStart Educating yourself by finding an Expert or a
book on a subject where you know you are ignorant.book on a subject where you know you are ignorant.

21. Getting StartedGetting Started
1) You need a reason greater than Reality.1) You need a reason greater than Reality.
a) I don’t want to work whole of my life.a) I don’t want to work whole of my life.
b) I don’t want to be Employee.b) I don’t want to be Employee.
C) I want control over my Time & LifeC) I want control over my Time & Life
d) I want Money to work for Me.d) I want Money to work for Me.
2) I choose daily.2) I choose daily.
I choose to be rich & I make that choice Every Day.I choose to be rich & I make that choice Every Day.
I choose to invest in Education & welcomes NEW Ideas.I choose to invest in Education & welcomes NEW Ideas.
3) Choose Friends Carefully.3) Choose Friends Carefully.
Choose Rich friends & Poor Friends carefully.Choose Rich friends & Poor Friends carefully.
Rich Friends to learn about inside trading, & From poor friendsRich Friends to learn about inside trading, & From poor friends
You can learn What not to Do.You can learn What not to Do.

22. Getting StartedGetting Started
4)4) Master a formula and then NEW ONE.Master a formula and then NEW ONE.
In changing world learning New formula Quickly is the secrete ofIn changing world learning New formula Quickly is the secrete of
Success.Success.
5)5) Pay Yourself First.Pay Yourself First.
A) Don’t get into large Debt Position.A) Don’t get into large Debt Position.
B) When you come up short, Don’t dip into your savings orB) When you come up short, Don’t dip into your savings or
investment.investment.
Let pressure inspire your Financial intelligence to come up withLet pressure inspire your Financial intelligence to come up with
new ways of Making Money to pay your bills.new ways of Making Money to pay your bills.
6)6) Pay your brokers wellPay your brokers well :: Take good care of those people who helpTake good care of those people who help
you to make money work for you.you to make money work for you.

23. Getting StartedGetting Started
7)7) Be An Indian GiverBe An Indian Giver ::
How fast do I get my Money back?How fast do I get my Money back?
So in any investment recover your principle as quickly as possibleSo in any investment recover your principle as quickly as possible
8)8) Assets buys luxuriesAssets buys luxuries::
Assets generates Income, Income buys Luxury items.Assets generates Income, Income buys Luxury items.
9)9) The need for HeroesThe need for Heroes :: When it comes Investing ,too manyWhen it comes Investing ,too many
people make it sound hard. Instead find heroes (Experts )who willpeople make it sound hard. Instead find heroes (Experts )who will
make it look easy.make it look easy.
10)10) Teach and you shall receive itTeach and you shall receive it :: Teach , what you know toTeach , what you know to
others who needs it and you will receive new ideas & finerothers who needs it and you will receive new ideas & finer
distinction.distinction.

24. To Do’sTo Do’s
Take ActionsTake Actions
DON’T PLAY IT SAFEDON’T PLAY IT SAFE
PLAY SMARTPLAY SMART

25. Who Said it?Who Said it?
The book that rocked THE FINANCIAL WORLD! J.P.The book that rocked THE FINANCIAL WORLD! J.P.
Morgan declares “ Rich Dad Poor Dad, a must read AMorgan declares “ Rich Dad Poor Dad, a must read A
Must read for Millionaires. –Must read for Millionaires. – THE WALL STREETTHE WALL STREET
JOURNAL.JOURNAL.
The main reason people struggle financially isThe main reason people struggle financially is
because they have spent years in school but learnedbecause they have spent years in school but learned
nothing about money. The result is that people learnnothing about money. The result is that people learn
to work for money …. But never learn to have moneyto work for money …. But never learn to have money
work for them. –work for them. – Robert T. Kiyoaski.Robert T. Kiyoaski.
““ I love my children & want to ensure they get theI love my children & want to ensure they get the
best education possible! Traditional schooling, whilebest education possible! Traditional schooling, while
very important, is no longer enough, we all need tovery important, is no longer enough, we all need to
understand money and how it works.”understand money and how it works.” – Sharon– Sharon
Lechter.Lechter.

26. ThanksThanks