Tuesday, December 24, 2019

Book Report on Rich Dad Poor Dad - 1750 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†¦show more content†¦The rich then adopted the concept of corporation as tax shield. This is because, corporations have the luxury to spend all it and the rest taxed. Individuals do not have that privilege. Therefore the rich formed corporations and thereby transferred their entire tax burden to these corporations. So whilst the individual is taxed in his or income before he or she can spend them the rich get the privilege of spending all they can before being taxed. Through this lesson, Robert encourages rea ders to take advantage of the tax benefits of corporations by forming one. Lesson Five: The rich invent money Robert page 140, paragraph one states that, â€Å"we all have tremendous potential and well are blessed with gifts. Yet, the one thing that holds us back is some degree of self doubt. It is not so much the lack of technical information that holds us back, but more the lack of self-confidence†. This quotation attests to the importance of believing in the potential, power of imagination and creativity of oneself. He points out that, life outside school is different and that it takes people with â€Å"balls† and â€Å"guts† who can make on the job market. He stresses that, excessive fear and self doubt are the greatest detractors of personal genius. In concludes, â€Å"in the real world, it is not the smart that gets ahead, but the bold†. Lesson six: Work to learn-don’t work for money. In thisShow MoreRelatedBook Report on Rich Dad Poor Dad1762 Words   |  8 PagesSCHOOL 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 educatedRead MorePersepolis Symbols Essay879 Words   |  4 Pagespleasures and freedoms because this government forbids Iranian families the ability to control their own lives. 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