My rich dad just played the game smart and he did it through corporations.The biggest bully was not the boss or the supervisor, but the tax manCorporations have tax advantages and protection from lawsuits.﻿Business owner with corporations :<ol><li>Earn</li><li>Spend</li><li>Pay Taxes</li></ol>Employees:<ol><li>Earn </li><li>Pay Taxes</li><li>Spend</li></ol>

4. Taxes And Cooperation

The rich focus on their asset columns while everyone else focuses on their income statements"I'm not in the hamburger business, My business is real estate. Ray Kroc"<ul><li>The reason so many talented people are poor is because they focus on building a better hamburger and know little to nothing about business systems.</li><li>The mistake in becoming what you study is that too many people forget to mind their own business. They spend their time minding someone's business and making that person rich.</li></ul>

3. Mind Your Own Business

"I can't afford it." "Study hard so you can find a good company to work for." "When it comes to money play it safe. Don't take risks.""Our home is our largest investment and our greatest asset"

<ol><li>Find a Strong Purpose </li><li>Make Daily Chooses </li><li>Choose Friends Carefully </li><li>Learn Things Quickly </li><li>Pay Yourself First</li><li>Pay Your Brokers Well</li><li>Be an Indian Giver</li><li>Use Assets to Buy Luxuries </li><li>Choose Your Heros</li><li>Teach and You Shall Receive </li></ol>

10 Steps To Awaken Your⁷ Financial Genius

💰 It's not how much money you make, It's how much money you keeps ASSETS × LIABILITIESAssets put money in your pocketsLiabilities takes money out of Your PocketsYou must know the difference between assets and liabilities, and buy assets.

2. Why Teach Financial Literacy

The poor and middle class works for money, the rich have money work for them🐀 The Rat Race The pattern of get up, go to work, pay bills, go to work, pay bills. Offer them more money and they continue the cycle by increasing their spending"Those with IMAGINATIONS thrive while those without it are still looking for a job.""Keep using your brain, work for free, and soon your mind will show you ways of making money far beyond."People's lives are forever controlled by 2 emotions:😨FEAR & 🤤GREED"Fear pushes you out of the door, and greed calls to you. Thats the trap."

1. The Rich Don’t Work For Money

"How can I afford it?""Study hard so you can find a goodcompany to buy. When it comes to money, learn to manage risks.""Our home is a liability and if our house is our largest investment we're in trouble.

<ol><li>The Rich Don’t Work For Money</li><li>Why Teach Financial Literacy</li><li>Mind Your Own Business</li><li>Taxes And Cooperation</li><li>The Rich Invent Money</li><li>Work To Learn , Not For Money</li></ol><a href="https://elevatedpath.beehiiv.com/subscribe">The Art of Habits</a> (Its Free)

6 LESSONS FROM RICH DAD

<ul><li>In the workplace, in order to make more money, you need to specialize. But to be rich, you need to do exactly the opposite</li><li>Education is more valuable than money, in the long run.</li></ul>Management Skills You Need :<ol><li>Management Of Cashflow</li><li> Management of Systems </li><li>Management of Peoples </li></ol>Specialized Skills You Need :<ol><li>Sales & Marketing </li><li>Speaking & Negotiation </li><li>How to be a good Teacher</li></ol>

6. Work To Learn Not For Money

Often in the real world, it's not the smart who get ahead, but the bold."The main reason most people are not rich is because they are terrified of losing."Great opportunities are not seen with your eyes, they are seen with with your mind.3 skills you need to develop: <ol><li>Find an opportunity that everyone else missed. </li><li>Raise money. </li><li>Organize smart people</li></ol>

5. The Rich Invent Money

Read This and it will challenges your conventional wisdom about money and wealth-building. 

Although we have been successful in our careers, they have not turned out quite as we expected. We both have changed positions several times-for all the right reasons-but there are no pension plans vesting on our behalf. Our retirement funds are growing only through our individual contributions. Michael and I have a wonderful marriage with three great children. As I write this, two are in college and one is just beginning high school. We have spent a fortune making sure our children have received the best education available. One day in 1996, one of my children came home disillusioned with school. He was bored and tired of studying. “Why should I put time into studying subjects I will never use in real life?” he protested. Without thinking, I responded, “Because if you don't get good grades, you won't get into college.” “Regardless of whether I go to college,” he replied, “I'm going to be rich.”

marketingandsales

Marketing & Sales

moneyandinvestments

Money & Investments

entrepreneurship

Entrepreneurship

business

Business

books

Books

Kiyosaki is best known for his book Rich Dad, Poor Dad, the #1 New York Times bestseller. Kiyosaki followed with Rich Dad's CASHFLOW Quadrant and Rich Dad's Guide to Investing.