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Rich Dad Poor Dad by Mind Map: Rich Dad Poor Dad
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Rich Dad Poor Dad

Lesson 1: The rich don't work for money

The poor and middle class work for money. The rich have money work for them.

People's are controlled by two emotions: fear and greed.

Money is in control of their emotions and souls

Many people are ignorant about money

See what others miss

Lesson 2: Why Teach Financial Literacy?

Rule 1: Know the difference between assets and liabilities and buy assets

Who are you working for?

Lesson 3: Mind Your Own Business

Start buying assets, not liabilities or personal effects with no real value

Be Active in your asset column

Lesson 4: The History of Taxes and The Power of Corporations

Knowledge is power

If you work for money, you give power to your employer.

The tax man will take more if you let him

Financial IQ

Lesson 5: The Rich Invent Money

self doubt and lack of confidence hold us back

play Cashflow to increase understanding

"I don't know how to do that here yet"

Professional Investor puts deals together

Lesson 6: Work to Learn - Don't work for Money

Learn to sell

Know a little about a lot

Learn constantly

"Workers work just hard enough to not get fired. Owners pay just enough that workers wont quit."

Management skills for success

Marketing & Comms

Be Good Learner, seller, marketer and teacher

Overcoming Obstacles

Fear

Cynicism

Laziness

Bad habits

Arrogance

To Do's

1. Find a reason greater than reality: the power of spirit

2. Make daily choices: The power of choice

3. Choose friends carefully: power of association

4. Master a formula and then learn a new one: the power of learning quickly

5. Pay yourself first: the power of self-discipline

6. Pay your brokers well: the power of good advice

7. Be an Indian giver: the power of getting something for nothing

8. Use assets to buy luxuries, the power of focus

9. Choose Heros: the power of myth

10. Teach and you shall receive: the power of giving

Do it now

Stop doing what you are doing

Look for new Ideas

Find someone who has done what you want to do

Take classes, read, attend seminars

Make lots of offers

Jog, walk or drive a certain area once a month for 10 minutes

Shop for bargains in all markets

Look in the right places

Look for people who want to buy first, then look for people who want to sell

Think big

Learn from history

Action always beats inaction