The business school kiyosaki pdf

If you followed the news on Enron and WorldCom, the highly educated executives were accused of thinking only of themselves, and not the employees or investors who had entruste4d their lives and money with them. Many highly educated and highly paid executives were telling their employees to buy more of the company stock while the executives were selling theirs.

Although worldCom and Enron are extreme cases, that type of selfish behaviour goes on every day in the corporate world and in the stock market. A big reason I support the network marketing industry is that many companies in the industry are really business schools for the people rather than business schools that take smart kids and train them to be employees of the rich.

Many network marketing companies teach values not found in traditional business schoolsvalues such as the best way to become rich is to teach yourself and other people to become business ownersrather than teach them to be loyal employees working for the reach. Other Ways of Getting Rich Many people have acquired great wealth building a network marketing business.

In fact, some of my richest friends have created their fortune building a network marketing business. Yet, to be fair, there are other ways a person can acquire great wealth. Therefore, in the next chapter, this book will go into other ways people have become rich and, more importantly, financially freefree from the drudgery of earning a living, clinging to job security, and living pay check to pay check.

After reading the next chapter, you may have a better idea of whether building a network marketing business is the best way for you to create your own personal fortuneand as a vehicle to pursue your dreams and passions. I asked my teacher. No, my biology teacher replied. My job is to help you graduate so you can find a good job. But what if I dont want a job? What if I want to be rich?

Why do you want to be rich? Because I want to be free. I want to have the money and time to do what I want to do. I dont want to be an employee for most of my life. I dont want my lifes dreams to be dictated by the size of my pay check.

Thats nonsense. Youre dreaming about the life of the idle rich and you cant be rich if you dont have good grades and a high-paying job, said the teacher. Now get back to your frog. In my other books and educational programs, I often refer to the three different types of education that are required if we want to be financially successful in life: scholastic, professional and financial education. Scholastic Education This education teaches us to read, write and do math.

It is a very important education, especially in todays world. Personally, I did not do well with this level of education. I was a C student most of my life simply because I was not interested in what I was being taught.

I am a very slow reader, and I do not write well. Although a slow reader, I do read a lot; I just read very slowly, and I often have to read a book two or three times before I understand what I am reading. I am also a poor writer, though I continue to write.

My rich dads sales training did pay off even though it did not pay off in school when it came to my grades. Professional Education This education teaches you how to work for money. During my youth, the smart kids went on to become doctors, lawyers and accountants. Other professional schools teach. If you look in the yellow pages of your phone book under education or schools, you will find those pages filled with schools that teach people professions that help them become more employable.

Personally, since I did not do well at the first level of education the scholastic level becoming a doctor, lawyer or accountant was not encouraged for me. Instead, I attended school in New York where I became a ships officer, sailing ships such as tankers for Standard Oil and passenger liners like the ship on the television program, The Love Boat. After graduation, because the Vietnam War was on, instead of taking a job in the shipping industry, I went to Pensacola, Florida where I attended the U.

Navy flight School and became a pilot, flying for the Marine Corps in Vietnam. Both my dads said it was a sons duty to fight for his country, so both my brother and I volunteered to go to Vietnam. By the time I was 23, I had two professions: one as a ships officer and the other as a pilot, but I never really used either of them to make money.

On a side note, I think it ironic today that the skill I am most known for is writinga subject I failed twice in high school.

Financial Education This is the education where you learn to have money work for you rather than to have you work for money. This third level of education is not taught in most of our schools. My poor dad thought that a good scholastic and professional education was all a person needed to be successful in the real world. My rich dad said, If you have a poor financial education, you will always work for the rich. Learn to have money work for you rather than to have you work for money.

A Financial Disaster In my opinion, the United States and many Western nations have a financial disaster cominga financial disaster caused by our educational systems failure to adequately provide a realistic financial education program for students. As most of us unfortunately know, we did not receive much financial education in school, and, in my opinion, knowing how to manage and invest money is a very important life skill. Recently, we have seen millions of people lose trillions of dollars in the stock market.

In the near future, I predict a financial disaster because millions of people born after More important than money for retirement is money for medical care. I often hear financial advisors saying, Your living expenses go down after you retire.

What those financial advisors often fail to tell you is that after you retire what goes up are your medical expenses, even if your living expenses go down. My poor dad believed that the government should take care of anyone who did not have money. While in my heart I agree with him, my financial mind wonders how our government can afford to provide for the millions of people who will soon need financial support for living and medical expenses.

By the year , the first of 83 million baby boomers will begin to retire. My question is how many of them have enough money to survive once their working days are over? And if millions will need billions of dollars to survive, are the young people of the world willing to pay for the living expenses of the old people?

In my opinion, it is imperative that our school systems begin teaching financial education as soon as possible. Learning how to manage and invest money is certainly as important as learning how to dissect a frog. A Personal Comment My wife and I were able to retire early in life without a job, without government assistance, and without any stocks or mutual funds.

Why did we not have stocks or mutual funds? The reason is, in our opinion, they are very risky investments. In my opinion, mutual funds are some of the riskiest of all investments; yet, they are a good investment if you do not have any formal financial education and experience.

If you have followed the financial news, you may have noticed that before the stock market crash, which started in March of , the financial advisors were saying, Invest for the long-term, buy and hold, and diversify. Now that the market has crashed, they are advising, Invest for the long-term, buy and hold, and diversify. Do you notice anything different? So, if you do not have a good financial education, then you may want to do as most financial advisors advise, which is to save money, buy mutual funds, invest for the longterm and diversify.

If you have a strong financial education, then you may not have to follow such risky advice. Instead, you can do what my rich dad advised me to do, which is to first build a business. He said, Building your own business is the best way to become rich. Rich dad also said, After you have built your business, and you have strong cash flow, then you can begin investing in other assets.

Building your own business is the best way to become rich. After you have built your business, and you have strong cash flow, then you can begin investing in other assets. The Other Ways To Become Rich Rich dad said, Because so many people do not have an adequate financial education, they come up with many interesting ways to become rich other than building a business network. For example, millions of people try to become rich playing the lottery or working hard and saving money.

And some people actually do become rich using these different methods. He also said, If you want to become rich, you need to find the way to become rich that best works for you. The following are some of the other ways people become rich. You can become rich by marrying someone for his or her money. This is a very popular way of becoming rich. Yet, rich dad would say, You know what kind of person marries for money. You can become rich by being a crook. Rich dad said, The trouble with being a crook is that you have to associate with other crooks.

Much of business is based on trust. How can you have much trust when your partners are crooks? He also said, If you are honest and make an honest mistake in business, most people understand and give you a second chance. In addition, if you learn from your honest mistakes, you will grow into a better businessperson. But if you are a crook and you make a mistake, then you either go to jail or your partners will punish you in their own efficient ways.

You can become rich by being greedy. My rich dad said, The world is filled with people who became rich by being greedy. Greedy rich people are the most despised of all the different types or rich people.

After the stock market crash of , the world feasted on stories of companies that distorted their financial records, CEOs who lied to investors, insiders who sold stock illegally, and corporate officers who told their workers to buy shares while they were selling theirs.

For months, the news was filled with stories about the leaders of Enron, WorldCom, Arthur Andersen and Wall Street analysts who were lying, cheating and stealing. In other words, some of these rich greedy people were so greedy they broke laws and turned into crooks. The first few years of the 21st century revealed some of the worst examples of greed, corruption and lack of moral guidance, proving that not all crooks deal in drugs, wear masks and rob banks.

You can become rich by being cheap. Rich dad said, Trying to become rich by being cheap is the most popular way people attempt to become rich. People who try to become rich by being cheap are people who often try to live below their means rather than finding ways to expand their means. He also said, The problem with becoming rich by being cheap is that in the end youre still cheap.

We have all heard stories of people who spent their lives hoarding money, pinching pennies, and shopping at sales just to acquire masses of money. To my rich dad, having a lot of money yet living like a poor person made very little sense. Rich dad had a friend who lived cheaply all his life, saving his money, never spending on anything except for the bare necessities. The sad thing was that his three grown children could not wait for him to die so they could get their hands on all his money in less than three years.

After all the money was gone, the kids were just as poor as their dad was, even though he once had lots of money. To my rich dad, people who hoard money yet live poorly are people who worship money, making money their master rather than learn to become a master of money. You can become rich via hard work. The problem rich dad had with hard work was that he noticed that hard-working people often had a hard time enjoying their money and their life.

In other words, hard work was all they knew. They did not know how to have a good time. Working Hard for a Bad Income Rich dad also taught his son and me that many people work hard for the wrong kind of income. He said, People who physically work hard for money often work hard for the wrong kind of income. Income that is physically worked for is the highest taxed of all income. People who work for the wrong income often work harder and harder only to be taxed more and more.

In my rich dads mind, to work for income that is taxed more and more was not financially intelligent. Most people who have a job work for the highest taxed of all income. In addition, the people who are paid the least often pay the highest percentage in taxes. When I was a boy, my rich dad taught me that there is more than one kind of income. He said, There is good income and bad income. In this book, you will find out what kind of income to work hard forwhich is income that is taxed less and less even though you earn more and more.

Rich dad also pointed out to his son and me that many people work very hard all their lives but had little to show for their hard work at the end of their lives. In this book, you will find out how you may have to work hard for a few years but eventually be free to choose never to work againif that is what you choose to do. You can become rich by being exceptionally smart, talented, attractive or gifted.

Tiger Woods is an example of an exceptionally gifted golfer a golfer who spent years developing his gift. Yet being gifted, smart or talented is still no guarantee of becoming rich. Rich dad would say, The world is filled with gifted people who never become rich. Just go to Hollywood and you find many beautiful, handsome and talented actors who earn less than most people.

Statistics also show that 65 percent of all professional athletes are broke five years. In the world of money, it takes more than God-given brains, talent or good looks to become rich.

You can become rich by being lucky. Trying to become rich by being lucky is also most as popular as trying to become rich by being cheap. As most of us know, millions of people bet billions, maybe trillions, of dollars on the lottery, the race tracks, casinos and on sporting events, all hoping to strike it rich by being lucky.

Moreover, as we all know, for every lucky person there are thousands, maybe millions, of unlucky people. Again, studies have shown that most lottery winners are broke five years after winning more money than they could have earned in five lifetimes.

Therefore, even being lucky once or twice does not mean you hold on to your wealth. You can become rich by inheriting money. By the time we are in our twenties, we should know if we are going to inherit anything.

If you know you are not going to inherit anything, then obviously you need to find some other way to become rich. You can become rich by investing.

One of the most common complaints I have is that it takes money to invest. In addition, in most cases that is true. There is another problem with investing. You can lose everything you invest if you are not financially educated and trained to be an investor.

As many of us have seen, the stock market is risky and volatile, which means one day you make money and the next day it could be all gone. With real estate, although you can use your bankers money to invest, it still takes some money and education to accumulate great wealth. In this book, you will find out how to acquire the money to invest. More importantly, you will learn how to become an investor before you risk your money.

You can become rich by building a business. Building a business is the way most of the rich became very rich. The problem is that building a business from scratch remains the riskiest of all the ways to become rich. Even purchasing a franchise, which is less risky, can be very expensive. On top of the initial fee, there are monthly payments to the headquarters for training, advertising and support. In addition, even all this support is still no guarantee of great wealth.

Many times a person must continue to pay money to the franchisor or headquarters, even when his or her personal franchise is losing money. The Difference between Big Business Owners And Small Business Owners Before moving on to the eleventh way of becoming rich, I want to discuss the difference between a small-business owner and a big-business owner.

The difference is that bigbusiness people build networks. The world is filled with small-business owners who own restaurants. The difference between a single-restaurant owner and Ray Kroc, who founded McDonalds, is that McDonalds is a network of hamburger restaurants known as a franchise network.

Another example, in contrast, is a small-business owner who owns a television repair shop as compared to Ted Turner, who built CNN, which stands for Cable News Network. Again, notice the word network. The point is that the difference between a small-business owner and a big-business owner is simply the size of their network.

While many small-business owners own businesses, very few business owners build networks. Simply put, building a business network is how the richest people in the world became rich.

The Eleventh Way to Become Rich You can build a network marketing business. The reason I put a network marketing business as the eleventh way of becoming rich is that it is a very new and revolutionary way to acquire great wealth.

If you will quickly glance over the first 10 ways of becoming rich, you may notice that the focus is a selfl-centere4d focus on who becomes rich. In other words, it might be seen as a greedy focus. For example, someone who tries to become rich by being cheap is primarily focused on themselves and maybe a few family and friends becoming rich. Someone who marries for money is definitely focused on the money for himself or herself.

Even a big business is focused on only a few selected people becoming rich. Therefore, I am not saying these people are bad or greedy people; I am simply saying that in most cases, the focus I not on a lot of people becoming rich. The focus is on the individual becoming rich. A network marketing business is a new and revolutionary way to achieve wealth.

The reasons I put network marketing as an eleventh way of becoming rich all by itself is because it is a revolutionary new way of sharing the wealth with anyone who truly wants to acquire great wealth. A network marketing system is set up to make it possible for anyone to share in the wealth. A network marketing system a system I often call a personal franchise or an invisible big business network is, in my opinion, a very democratic way of wealth creation.

The system is open to anyone who has drive, determination and perseverance. The system does not really care what college you went. Most network marketing companies care primarily about how much you are willing to learn, to change and to grow, and whether you have the guts to stick it out through thick and thin while you learn to be a business owner.

A network marketing system a system I often call a personal franchise is a very democratic way of wealth creation. Recently, I listened to an audio recording of a very famous and rich investor, delivering a speech to a famous business school. I do not mention the schools name or his name because what I am about to say is not very flattering. He said, I am not interested in teaching people to invest.

I am not interested in helping poor people get ahead in life. All I want to do is spend time with intelligent people like you, here at the famous business school. While I personally do not agree with what he said, I still commend him for his honesty. As a person who spent much of my life growing up with the rich friends of my rich dad, I often heard such comments, but they were said discreetly and quietly.

In public, they would attend charity events and donate money to popular causes, but many of them did that only to appear socially acceptable. In their private meetings, I often hear their real thoughts thoughts that were of similar context to the famous investor speaking at the famous business school. Obviously, not all rich people share that attitude. Nonetheless, I am constantly amazed at how many rich and successful people are rich and successful because they are greedy and have very little interest in helping those less fortunate.

Again, I will state that not all rich people share this attitude, but the percentage is significant from my experience. A primary reason I support the network marketing industry is that their systems are fairer than previous systems of acquiring wealth. Henry Ford, one of the worlds greatest businesspersons, became rich by fulfilling the mission statement of his company, the Ford Motor Company. Fords mission statement was, Democratize the automobile. The reason that mission statement was so revolutionary was because at the turn of the century, automobiles were only available to the rich.

Henry Fords idea was to make the automobile affordable for everyone, which is what Democratize the automobile means. Interestingly enough, Henry Ford was an employee of Thomas Edison, and in his spare time, Henry designed his first automobile. In , the Ford Motor Company was born. By slashing production costs and adapting the assembly line to mass-produce standardized inexpensive cars, Ford became the largest automobile producer in the world.

In other words, Henry Ford was a man who became rich because he cared not only for his customers, but because he cared for his workers. He was a generous man rather than a greedy man. Henry Ford also came under much criticism and personal attack by the socalled intellectual society. Henry Ford was not well educated and, like Thomas Edison, was often ridiculed because of his lack of formal education.

One of my favorite stories of Henry Ford was when he was asked to submit to a test by so-called smart people from the world of academics. On the appointed day, a group of smart people came in to give him an oral test. They wanted to prove he was ignorant. The test began by one scholar asking him a question such as, What is the tensile strength of the rolled steel you use.

Ford, not knowing the answer, simply reached for one of the many phones on his desk and called his vice president who knew the answer. The vice president came in, and Ford asked him the question. The vice president gave him the answer the panel wanted. The next smart person then asked another question and again Ford not knowing the answer, called someone else from his staff who knew the answer.

This process went on until finally one of the smart people on the panel shouted, See, this proves you are ignorant. You dont know the answers to any of the questions we ask you. Henry Ford reportedly replied, I dont know the answers because I do not need to clutter my head with the answers you seek. I hire smart young people from your schools who have memorized the answers you expect me to have memorized. My job is to not to memorize information that you thin is intelligence.

My job is to keep my head clear of such clutter and trivial facts so that I can think. At that point, he asked the smart people from the world of academics to leave. For years, I have committed to memory what I believe is one of Henry Fords most important sayings: Thinking is the hardest work there is.

That is why so few people engage in it. Thinking is the hardest work there is. Wealth for Everyone In my opinion, this new form of business, the net work marketing business, is a revolution simply because for the first time in history it is now possible for anyone and everyone to share in the wealth that, until now, has been reserved only for the chosen few or the lucky.

I am aware that there has been some controversy over this new form of business and its had its share of greedy and sometimes crooked people trying to make a quick buck. Yet, if you step back and look at this new form of business, it is a very socially responsible system of sharing the wealth. A network marketing business is not a good business for greedy people.

By design, it is the perfect business for people who like helping other people. Saying it another way, the only way a network marketing business. To me, that is revolutionary, just as revolutionary as Thomas Edison and Henry Ford were in their days.

Before closing, I know that most people are generous. I am also not condemning greed, since a little greed and personal self-interest is always healthy. It is when greed or personal gain becomes excessive that most of us protest or shake our heads in disgust. Since most people are generous and want to help their fellow human beings, this new form of networking business systems gives more people the power to help many more people.

While this business is not for everyone, if you are a person who truly wants to help as many people as possible achieve their financial goals and dreams, then the network marketing business is worthy of your time to consider. In Summary Today there are many ways for a person to become rich. The best way to become rich is to find the way that works best for you. If you are a person who loves helping other people, I believe this new form of business system network marketing is for you.

If helping other people is not your cup of tea, then there are at least 10 other methods to choose from. In the following chapters, I will be discussing the core values I have found in most network marketing companies.

In my opinion, these core values are the most important for you to consider in deciding whether or not you will be a part of this industry. Rich dad taught his son and me that core values are far more important than money. He often said, You can become rich by being cheap and greedy. You can also become rich by being abundant and generous.

The method you choose will be the method that most closely matches the core values deep inside of you. Value 1: True Equal Opportunity I am often asked, Since you did not become rich from building a network marketing business, why do you recommend others get into the business? There are several reasons I recommend the network marketing business, and they are explained in this book. The Closing of My Mind It was sometime during the mids that a friend invited me to a presentation on a new business opportunity.

Recover your password. Style News. Get help. Business News Web. All Fashion. Do you have a creative profile name? If not, we are going to show you some of the coolest and rarest The Norse valkyries were female warriors who would fly into battle to bring back the souls of fallen heroes.

What's in Dwarves are a race of small, humanoid creatures that typically reside in mountains and hills. Many thanks. Read time Last updated: May 07,. In Rich Dad Poor Dad, the 1 Personal Finance book of all time, Robert Kiyosaki shares the story of his two dad: his real father, whom he calls his poor dad, and the father of his best friend, the man who became his mentor and his rich dad.

One man was well educated and an employee all his life, the others education was street smarts over traditional classroom education and he took the path of entrepreneurshipa road that led him to become one of the wealthiest men in Hawaii.

Roberts poor dad struggled financially all his life, and these two dadsthese very different points of view of money, investing, and employmentshaped Roberts thinking about money. Robert has challenged and changed the way tens of millions of people, around the world, think about money and investing and he has become a global advocate for financial education and the path to financial freedom.

Rich Dad Poor Dad and the Rich Dad series it spawned has sold over 36 million copies in English and translated editions around the world. Rich Dad Poor Dad will explode the myth that you need to earn a high income to become rich challenge the belief that your house is an asset show parents why they cant rely on the school system to teach their kids about money define, once and for all, an asset and a liability explain the difference between good debt and bad debt teach you to see the world of money from different perspectives discuss the shift in mindset that can put you on the road to financial freedom.

Buy from Amazon. Rich Dad Poor Dad is about Robert Kiyosaki and his two dads—his real father poor dad and the father of his best friend rich dad —and the ways in which both men shaped his thoughts about money and investing.

Rich people make money work for them. Rich Dad Poor Dad has sold over 32 million copies in more than 51 languages across more than countries been on the New York Times bestsellers list for over six years and received positive reviews from some critics. American talk show host and media mogul Oprah Winfrey endorsed the book on her show. Another celebrity supporter is actor Will Smith, who said he is teaching his son about financial responsibility by reading the book.

Goodreads helps you keep track of books you want to read. Want to Read saving…. Because each factual situation is different, specific advice should be tailored to the particular circumstances. Business school robert t kiyosaki pdf.

Kiyosaki This book was my introduction to Robert Kiyosaki and one that Ive read several times over. What he says is he didnt make his fortune from network marketing. Theres a big difference. Remember that when reading other reviews. Robert explains to the reader how his opinion of networking changed pg. With Roberts past disinterest in networking, Robert didnt understand why a man who just completed over a billion dollars in commercial real estate transaction would be involved in network marketing.

File Name: business school book robert kiyosaki pdf download.