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. 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