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『Rich Dad,Poor Dad』(1997）
■Chapter3: Why Teach Financial Literacy? (p.73-105)
Know the difference between an asset and a liability,
and buy assets.
*Assets put money in your pocket.
*Liabilities takes money out of your pocket.
Rich people acquire assets.
The poor only have expenses.
The middle class buys liabilities they think are assets.
1)P/L and B/S, Cash-Flow
The Income statement (Profit and Loss Statement: PL)
measures income and expenses. Money in and money out.
The Balance Sheet(B/S) is called that because it is
supposed to balance assets against liabilities.
Many financial novices do not know the relationship
between PL and B/S. The relationship is vital to understand.
◆The Cash Flow pattern of an Asset:
◆The Cash Flow pattern of a Liability:
The arrows in the diagrams represent the flow of cash, or
"cash flow." Numbers alone really mean little.
Just as words alone mean little. It's the story that counts.
In financial reporting, reading numbers is looking for the plot,
the story. The story of where the cash is flowing.
In 80% of most families, the financial story is a story of working
hard in an effort to get ahead. Not because they don't make
money. But because they spend their lives buying liabilities
instead of assets.
2) what to do after you make money
Because students leave school without financial skills,
millions of educated people pursue their profession successfully,
but later find themselves struggling financially.
They work harder, but don't get ahead. What is missing from
their education is not how to make money, but how to spend
money- what to do after you make it.
It's called financial aptitude- what you do with the money
once you make it, how to keep people from taking it from you,
how long you keep it, and how hard that money works for you.
3) the fear of ostracism
According to psychiatrists, the fear of public speaking is
caused by the fear of ostracism, the fear of standing out,
the fear of criticism, the fear of ridicule, the fear of being
an outcast. The fear of being different prevents most people
from seeking new ways to solve their problems.
4) schoolig process discouraged creativity
Whenever the teacher said,"If you don't get good grades,
you won't do well in the real world," Mike and I just raised
our eyebrows. When we were told to follow set procedures
and not deviate from the rules, we could see how this schoolig
process actually discouraged creativity. We started to
understand why our rich dad told us that schools were
designed to produce good employees instead of employers.
5) Why the Rich get richer?
The asset column generates more than enough income
to cover expenses, with the balance reinvested into the
asset column. The asset column continues to grow and,
therefore, the income it produces grows with it.
◆rich dad's financial statement
6) Emplyoee's work for owner and governer, bank
As an employee who is also a homeowner, your working
efforts are generally as follows:
1. Your work for someone else.
Most people. Working for a paycheck, are making the owner,
or the shareholder, richer. Your efforts and success will
help provide for the owner's success and retirement.
2. You work for the government.
By working harder, you simply increase the amount of
taxes taken by government.
3. You work for the bank. After taxes, your nest largest
expense is usually your mortgage and credit card debt.
The problem with simply working harder is that each of these
three levels takes a greater share of your increased efforts
You need to learn how to have your increased efforts benefit
you and your family directly.
↑Thank You for One Click
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