Book Report on Rich Dad Poor Dad - 1762 Words

KNUTSFORD UNIVERSITY COLLEGE KNUTSFORD BUSINESS SCHOOL ENTERPRENEURSHIP BOOK REPORT: Rich Dad Poor Dad by Robert T. Kayosaki with Sharon L. Lechter, CPA WRITTEN BY: Richmond Gyamfi Boateng (KBS0035) LECTURER: MR. ANTHONY ANNAN MONDAY APRIL 4, 2011 Rich Dad Poor Dad is a book that presents thought provoking teachings on wealth creation and financial independence. The book can be describes as a narrative motivational novel that features four interesting characters, Rich Dad, Poor Dad, Mike and Robert (the author). Poor Dad is a highly educated professor who despite have worked hard over the years barely meets his household expenses. His believe on money was that money is root of all evil. Rich Dad on the flip side was a school†¦show more content†¦Ã¢â‚¬Å"I don’t like being an employee†. 2. Use the power of choice, daily. You can choose to watch GTV, or watch TV3. It’s how you choose to use your time and energy everyday that brings financial success in the long run. 3. Choose your friends carefully. It pays to have friends who are focused and achieving their goals. Surround yourself with friends you can learn from. 4. Master a formula. Learn a new one, and learn fast. 5. Pay yourself first. Practice self-discipline by keeping expenses low. Tenants can pay for your expenses if you rent out apartments or ministorage, for instance. Savings are used for investing and creating more money, not for paying bills. 6. Pay your broker well. Attorneys, accountants, stockbrokers, and real estate brokers will have more incentive to work harder for you. If they make more money, it means you make more money as well. 3-7% is a good incentive. 7. Be an Indian giver. It’s the concept behind ROI. (Return on investment) Invest and then take the initial money out after a time when the investment has earned for you. 8. Buy luxuries last. Let the income from your growing assets afford you the new car. Wait for your asset base to grow first. Middle class people buy luxuries first, on credit. 9. Find yourself a hero. When you play golf you can imagine you are Tiger Woods. When you do business, you can ask yourself, â€Å"What would George Soros have done if he was in my place right now?† 10. TeachShow MoreRelatedBook Report on Rich Dad Poor Dad1750 Words   |  7 PagesENTERPRENEURSHIP BOOK REPORT: Rich Dad Poor Dad by Robert T. Kayosaki with Sharon L. Lechter, CPA WRITTEN BY: Richmond Gyamfi Boateng (KBS0035) LECTURER: MR. ANTHONY ANNAN MONDAY APRIL 4, 2011 Rich Dad Poor Dad is a book that presents thought provoking teachings on wealth creation and financial independence. The book can be describes as a narrative motivational novel that features four interesting characters, Rich Dad, Poor Dad, Mike and Robert (the author). Poor Dad is a highly educatedRead MorePersepolis Symbols Essay879 Words   |  4 Pagespleasures and freedoms because this government forbids Iranian families the ability to control their own lives. Iranian’s live in a country that demands they have obedience to their religious culture at all times or pay the consequences. The book, Persepolis, by Marjane Satrapi documents her childhood story using her own eyes to portray what life is like for an Iran child and their family. During 1980 at the age of ten, Marji witnessed government struggles facing Iran, one of which was theRead MorePersepolis Is The Realistic Novel1476 Words   |  6 Pagesbeen in the headline of the newspaper across Europe. As the result of Marjane mother bravery put fear in her just for short moment. In addition, from Marjane childhood propriety of understanding of the war were based upon listen to the daily new reports on the national TV that Iran is winning the war, yet Marjane knows this is a falsehood. She advises her more seasoned companions that not even the Americans have an armed force as extensive as the Iraqi one that has as far as anyone knows as of nowRead MoreFinancial Literacy8522 Words   |  35 PagesFINANCIAL LITERACY â€Å"Financial literacy is one of the most important investor basics, especially if you want to be a safe investor, an inside investor, and a rich investor. Anyone who is not financially literate cannot see into an investment. Just as a doctor uses X-rays to look at your skeletal system, a financial statement allows you to look into an investment and see the truth, the facts, the fiction, the opportunities, and the risk. Reading a financial statement of a business or individualRead MoreThe Year Of The Flood By Margaret Atwood1993 Words   |  8 PagesENG4U - Interim ISU Progress Report The book I have chosen to read for my ISU is Margaret Atwood’s ‘The Year of the Flood’. The book has 434 pages in total and I am currently on page 170. The book is not hard to read, but the fact that it switches from different times and perspectives every chapter, which are not consistent or within a certain pattern occasionally makes it confusing. This book is also different from the books I am used to reading, giving me a unique and interesting change in perspectiveRead MoreKrik Krak By Edwidge Danticat Essay2405 Words   |  10 PagesPast Present The book â€Å"Krik Krak† written by Edwidge Danticat contains a story of Danticat in the past and how could she became a famous author today. She was born Haiti and a survivor who escaped oversea to the United States. Danticat’s past is painful and horrible but it influenced her present. The Haitian politics repressed certain group of women and the fear surrounded them everyday. To find her own freedom and her rights, Danticat got on board then arrived at New York. The racist weighedRead MoreEvaluation Report For The Youth Investment And Savings Mobile Application1819 Words   |  8 PagesTo: Vidya Patil From: Jaime H. Cavazos Date: December 10th, 2015 Subject: Evaluation report for the Youth Investment and Savings Mobile Application Introduction In order for us to find the best way to build and create Revega in order to integrate it with Aviato’s financial platform, we contacted Dr. Robert Gunzel, Co-Executive Developmental Engineer for Aviato, with an idea for attractive youthful approach to financial investments, we then conduct research on our idea and determine success theRead MoreThe Is The Entitlement Beneficiary?1931 Words   |  8 PagesJared and Dad, please check out the following articles, information and analysis I am sharing with you. I feel compelled because I am concerned and I care. I think it will take about 30 minutes of your time. Western debt-based, consumption-driven societies have been living beyond their means for a very, very long time. For decades we have been consuming, as a group of people, more than we have been producing and we ve been financing it by mortgaging our children s future through national debtRead MoreAHSC 20Assignment Essay5025 Words   |  21 Pageswith a different language and climate would limit leisure opportunities shows the importance of providing leisure opportunities for people with such limitations. Part 1: Understanding/Recognizing how Free Time is spent This portion of the report is largely based on data I collected in a time diary (see appended materials). This diary contains all of my activity in half hour intervals over three days. In addition to a description of my activity, I recorded my mood during the time period andRead MoreEssay on Human Gene Therapy1921 Words   |  8 PagesHuman Gene Therapy Imagine this, you have just married your college sweetheart this past summer. You have now been happily married for over a year and you find out that the two of you are going to be parents. So as the typical soon to be mom and dad so commonly do, the two of you start going to the doctor for checkups to make sure the pregnancy is running smoothly. Early in the pregnancy you hear the worst, your baby has a fatal disease. The two of you are terribly heart broken over the situation

Eastern Religious Philosophy Quotes Free Essays

The first quotation that I would like to discuss is Buddhism: Siddhartha Gautama. Siddhartha was a great figure because one day on a trip to the city, he discovered that many people with in the city were suffering. He wanted to know why people had suffered that way they did so he chose to leave his life of luxury, abandon his family and live in the woods as one of them for several years. We will write a custom essay sample on Eastern Religious Philosophy Quotes or any similar topic only for you Order Now When doing he so he came to the conclusion that suffering can be avoided. He explains that ignorance and selfishness causes suffering. Suffering is in part with Karma which means â€Å"action† or â€Å"deed†, karma reflects in the later life through the actions or deeds done right now. Quote: â€Å"All wrong-doing arises because of mind. If mind is transformed can wrong-doing remain? † I like this quote because a person does have a choice to change their selfish ways, by understanding how it affects people, and how ignorance and selfishness can be locked away permanently through cleansing of the mind. Lao Tzu- â€Å"To know that you do not know is the best. To pretend to know when you do not know is a disease. † He believed that even the wisest if humans is still ignorant, and this quote show some reflection on that thought process. Tzu was very interested in how we should live ad different ways that a good society is governed. The quote reminds us that we can always be open to learning and discovering even when we think we have mastered something! Another thing that I would like to add is that Tzu believed that all enduring change is brought by weakness and not by strength; by submission and not intervention. I feel that this means people bring about change on themselves. Selfishness and ignorance can blind us and we eventually have to submit to change. There were three great systems of thought dominate Chinese civilization: Confucianism, Taoism and Buddhism. The predominant system is the one founded by Confucius. He loved to learn and sought a better way and order of doing things. He believed that learning and knowledge must in a way be practical. Confucius – â€Å"What you do not want done to yourself, do not do to others† Confucius taught that to establish one’s own humane character was important and could be done by following positive role models from the past. People can always better themselves through learning and servicing others. It makes sense that a man who believes these principles would quote such a simplistic, yet profound statement. I chose this quote because it makes a huge point. I feel that this quote is related to karma in a way. I say this because things that a person does to another, can be done right back to them now or in the future. Mencius â€Å"Seek and you will find, neglect and you will lose it† According to Mencius, he believed that the natural goodness of humans was perverted by circumstances. On the other hand he still believed that a person still had time to change their ways. He felt that every person had the potential to set aside the selfish ways, but in order to change they have to recover the lost mind and the forgotten heart. It is a matter of thinking naturally and following intuition and conscience.    How to cite Eastern Religious Philosophy Quotes, Papers

My Vision free essay sample

What is your vision for the future? What is your purpose in life? What gets you out of bed every morning? These are questions we must constantly ask ourselves. As a college student, these are questions that are drowned out by the noise of academia, but as a young entrepreneur these are questions I ask myself daily. I have a vision for change that has come from a longing of something more by a Power greater than myself. Gandhi once said, â€Å"Be the change you wish to see in the world. † I read this quote everyday and I have made the decision to stop complaining about the world I live in and take action to change a world I believe in. It is my goal to inspire peoples imaginations again. To cause them to dream new dreams and remember old dreams that society forced them to forget. I want to help people become more than they every thought they could. We will write a custom essay sample on My Vision or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It is my goal to bring business to the streets and end poverty. I think people have forgot how to have fun in this world and cherish true friendships and genuine fun. My goal is simply to walk in integrity and brighten this world with others people’s smiles. People have forgotten what it is like to love, to laugh, and to dance, and to cry. To accomplish my goals and to live my dreams I know I need a plan. I have learned that any dream is just a fantasy if you don’t have a thought out, concrete plan of action that leads to the finish line. I know I will live my vision. I know my dreams will come true. I won’t sleep until the mission is complete. My plan is to build an unmovable foundation during my college years and prepare my heart and mind for the challenges ahead. Mistakes will come through challenging experiences, but I know that we learn best through the art of doing. I know that I will sometimes fail, but failure to me is just an opportunity to grow. I am a leader in organizations on my campus and use this opportunity to develop myself as a true leader. I save all my money and attend educational seminars to learn from people with more commas in their bank account than my professors in school. Most importantly, I have taken action from the things I’ve learned and have made tremendous progress to becoming financially free before graduation. During my summers I serve my neighbors. In 2009, I served in Miami, Florida’s poorest neighborhood, running day camps for kids. This past summer in 2010, I served in Tennessee as a youth minister for a downtown church. I also recently took a position to pioneer an entrepreneur program in Helena Arkansas for an organization called â€Å"Together in Hope†. I am connected with many of Charlotte’s wealthy business owners and real estate investors. I make it my duty to buy dinner twice a month for someone who has what I want in life. My vision for success is I am going to become a very successful real estate investor and business owner and then I’m going to give back to the streets that I serve. I have a vision for an intentional community right in the heart of poverty in Charlotte, NC. I have served my neighbors in Charlotte since I moved here and they have captured my heart. They all have amazing talents that only need to be focused. My vision is to have a community that will block out the violence of drug wars and be united by the hard work of true love. I will use my business skills and salesmanship to attract the brightest minds across the country, united for a cause greater than ourselves. I will get local, top-notch, teachers to volunteer their time for the kids in the neighborhood. I will build a community center in the middle of the hood where kids would have a safe place to hangout and play ball. I will hire a MMA Fighter to come teach the kids about discipline and hard work. I will make a park in the neighborhood surrounded with beautiful flowers so every time a kid looks out his window he won’t see concrete and construction. I will build a pool in the middle of the park where kids could learn how to swim and have a garden around it and walls to draw graffiti on. I will host an after school program that I will lead at first but then hire brighter people than myself to lead. It will teach kids real education. Children will learn communication skills, public speaking, sales, creativity and encouragement. I will not teach them how to get a job, I would teach them to be great. We will learn how to make things with our hands. Woodworking and crafts would be teamed up with cooking and sewing and we will all dream new dreams and imagine new lifestyles. A 5-star cook will show kids what real food taste like. I will have old ladies come in and teach the neighborhood the art of a garden. We will all plant foods and have a produce store in the neighborhood that runs like a business and it will make a profit. All of the profits will be used for a micro lending program that encourages locals to start their own small business and pursue their passion for success. The goal is to create systems so we can use business to take this comminute to other cites in America. The whole community will be run like a business and it will run to make a profit. But it will not be motivated by money it will be motivated by love. My vision is to be a different kind of businessman. I want to live in my neighborhood in Charlotte. I will live among the people. Because you cannot lead the people until you love the people.