PADRE RICO PADRE POBRE(RESUMEN)

CHAPTER 1: THE RICH DON'T WORK FOR MONEY

Robert Kiyosaki reports that at the age of 9, he attended a public school that the rich
they sent their children. Robert's best friend was Mike, and they both considered each other as
"poor kids" from the school. While they were not really poor, that’s how they felt since the
The others had the best toys, bikes, new clothes, and they didn't.

Tired of the situation, Robert and Mike then decided to become partners and
they began to think about how to make money. While reading a science book, Mike comes up with
an idea, and that’s how they began. They collected used toothpaste tubes, then they melted the
Lead, and by pouring it into plaster molds, they made lead coins.

Upon discovering the situation, Robert's father (the Poor Father) explained to them that it was
illegal. In the face of the children's disappointment, the father still congratulated them because for the
Less, they had done something, and encouraged them to keep working on new ideas, without giving up.
He also opened up by telling them that he didn't know how to make money, but he suggested that he
they will consult Mike's father (the Rich Dad), who although he was not yet a person
multibillionaire, she would be building a great empire and seemed poised to be a
a very rich person in some years.

Mike's father worked a lot, he owned warehouses, a chain of stores, three

restaurantes y una compañía constructora. Ambos niños le pidieron que les enseñara a
make money and he proposed to them to work for him, as that way he would teach them
quickly. He considered it a waste of time for them to only learn while seated
listening, as they did in school.

The offer was to work three hours every Saturday in one of their stores. They would pay 10.
cents per hour, and although the children had to give up their Saturday games, they agreed.
the proposal.

They started to work very hard, but Robert began to be annoyed with his low salary. At the
fourth week, angry with the situation, he was willing to quit. He had accepted
work to learn how to make money, but had never spoken again with
Mike's father, whom Kiyosaki would later call his Rich Dad.

Robert felt like a slave working for 10 cents an hour. Even his true
father, whom Robert called his Poor Dad, was upset and advised him to
He would resign if Mike's father didn't give him a raise.

At the age of 9, Robert went to see his Rich Dad. He told him he was a cheat because he did not
he had not taught him anything, and he protested through sobs that he deserved a better salary.

After listening to him, his Rich Dad replied that he had designed a course similar to the
real life. In just one month, he had given him a taste of life. He advised him to
he will change his mind and stop blaming others, because in truth, he himself was the
problem and it should change.
Your Rich Dad explained that most people give up and look for another job with
a higher salary, believing that this will solve their financial difficulties. Others,
They simply accept a miserable salary knowing that they will face economic problems.
hoping that at some point they will get a raise. More money does not solve the
problem.

- Robert asked: So, which is the solution del problem?

- Your Rich Dad told you: This, (giving you some gentle taps on the head) what you have
between the ears.

Your Rich Dad gave you the 'Lesson number one':

The poor and the middle class work to earn money, the rich make money work.
I worked for them.

The Rich Dad congratulated him on his anger, paying him little was part of the lesson. If he did not
I would have been angry, I would not have been able to teach him. He also explained to him that earning more

money does not solve the problem, because most people, the more money
earns, the more it goes into debt. By touching his head, I was telling him that his own intelligence,
It was the one that had to get to work, to generate new ideas.

At the age of 9, Kiyosaki understood that his two fathers encouraged him to study things.
different. His Poor Father advised him to study, get good grades and
find a secure job in an important company. His Rich Dad also told him
he advised pursuing academic studies, but he also advised learning how to
money works, to make it work for itself. This was not taught in the
schools.

At his young age, Robert had experienced what it meant to work for money.
The disappointment he felt over a miserable pay was the same that most people feel.
employees upon receiving their salaries. In general, people do not realize that
Their lack of financial education is the real problem.

Lesson number one: The rich don't work for money.

Rich Dad asked Robert if he still wanted to learn how not to work for
dinero, y como contestó que sí, regresó al trabajo pero esta vez sin cobrar un sueldo, no
I wouldn't pay anything. His son Mike had already accepted the proposal, so Robert, although...
dumbfounded, he also agreed.

After three weeks of working without being paid, Rich Dad explained to them that the
Most people don't realize that they are caught in a trap. They work for little.
money, due to the illusion of a secure job.

The Rich Dad decided to put the kids to the test again. He offered to pay them 25
cents for the same hour of work. While both reflected on the proposal without saying
nothing, the Rich Dad went for more offering them a dollar an hour. Although inwardly the
the children wanted to accept, but no one responded. The Rich Father raised the bet and offered two
dollars per hour. The kids wanted to say "YESS", but they managed not to open the
mouth. Finally, he offered them 5 dollars an hour. Suddenly the temptation went away and appeared
the calm. The offer was excessive and absurd, there weren't too many adults earning
more than 5 dollars per hour in Hawaii in 1956.

The Rich Dad knew that the soul has a weak point full of need, that can
buying. The fear of not having money and the desire to buy establish the routine of
The Rat Race. People work to pay their bills, and if they earn more
money, they increase their expenses. But the soul also has a firm part that never
It could be bought. He wanted to know which of those two parts was more powerful in the
children.

Many people work in the hope that money will take away fear, without
that lie ends up directing their lives. The Rich Father wanted to teach them not to
falling into that trap. However, he also explained to them:

Avoiding money is just as negative as feeling attracted to wealth.

He advised the children to learn to choose their thoughts, to observe and

they would control their emotions instead of reacting to them. I wanted them to learn to
master the power of money, instead of being afraid of it. He stated that ignorance about
money is the cause of fear and greed. It made them notice that by offering them a
salary increase, their desire was growing, but even so, they were able to not yield
in the face of their emotions, delay their reactions and think.

In the face of the fear of not having enough money, people should ask themselves if a
employment will be the best remedy, or if it would actually be a short-term solution to a
long-term problem. It could be questioned whether working more would be the best solution to
his problem.

Mike's father advised the children to keep working for free, forgetting about receiving a
salary. He told them:

If you can work without thinking about earning a salary, I assure you that soon your mind will
would show opportunities that others do not see, because they are focused solely on searching
money and security.

That's how after a few weeks, they thought of opening a magazine library.
comics in the basement of Mike's house. The kids noticed that the store manager
from Rich Dad, where they worked for free, threw away the old numbers of
. They asked the distributor if they could keep them, and he agreed.
condition that they would not resell them. They hired Mike's younger sister to...
in the basement of his house, he would charge 10 cents to each child who wanted to read all the
stories that could be done in 2 hours. This was a very good price, since each magazine of
Comics cost 10 cents in stores. Here, in two hours they could read several.
The business was a success, but after three months, due to a fight within the
basement, among some kids from another neighborhood, Mike's father advised them to close the
business. They did so and also stopped working in the store.

The children had learned to make money work for them. By not receiving payment
for working in the store, they were forced to use their imagination to identify a
"opportunity to make money." Their business generated money for them, without them
they were physically present.

Instead of paying them with money, the Rich Father had given them much more, and was
excited because now I had new things to teach them.

CHAPTER 2: WHY TEACH FINANCIAL SPECIALIZATION?

Robert T. Kiyosaki recounts that his friend Mike took charge of the fortune in 1990.
reached by her father, she was even doing a better job than her father. For
For his part, Kiyosaki retires at 47 years old and Kim, his wife, at 37. Robert clarifies that
retiring does not necessarily mean stopping work. According to him, it means that they can
choose whether to work or not, and still their money grows automatically, remaining for
above inflation. This would mean Financial Freedom, that is, the assets are what
large enough to grow by themselves.

Kiyosaki observes that there are many people excessively focused on money,
instead of focusing on education, which would be the most important wealth.

Money without financial intelligence is lost quickly.

Tell the example of so many professional athletes who earn millions of dollars and then
At ten years old, they lose all their money, even ending up on the street.

Lo important in the life no it how much money earnings,

"but how much money do you have saved."

That's why the Rich Dad taught them that if they wanted to be wealthy, they needed to learn to
understanding numbers and knowing about finances. Kiyosaki warns that kids leave from
schools gaining academic and professional skills, but practically without
financial foundations. According to his Rich Dad, schools produced good employees,
instead of good entrepreneurs.

An easy way to start teaching accounting, without it seeming boring and

disconcerting, it could be through drawings and stories. On some pages of this
In this chapter, Kiyosaki presents some simple drawings that Mike's father had created.
to guide the two children.

At the same time, the author presents what he will call:

Lesson number two: You must learn to differentiate an asset from a liability, and acquire
assets.

Ensures that anyone who wishes to be rich, that will be all they need to know. Many people
They have financial problems because they do not understand the difference between a liability and an asset.
That is to say, the lack of education is the reason for the financial problems.

An asset is something that puts money in my pocket.

A liability is something that takes money out of my pocket.

The middle class, for example, tends to increase its spending in the face of an increase in cash.
That is to say, the more they earn, the more they spend, which is where the expression 'the rat race' comes from.

The author asserts that we need to educate ourselves on how to spend money, not on how to make it.
money. This he calls 'Financial Fitness: What to do with money once earned, how
to prevent others from taking it away, how long to keep it, and how to make it work
money for you

Describe the situation of a newly married couple who decide to save to buy the ...
house of your dreams. With two salaries, the income begins to increase, but
Their expenses also rise. The first expense is that of taxes, that of property,
also health services, credit cards, interest rates, mortgage debt,
etc. In this way, liabilities increase. Their expenses lead this couple to seek
increase their income. But Kiyosaki notes that earning more money rarely solves
economic problems, because the more they earn, the more they spend. Intelligence
financial is the true solution.

People tend to follow the crowd. They do things because the majority do them.
They often repeat certain ideas such as 'your house is an asset' or 'your house is the investment.'
more important

Robert Kiyosaki comments that the fear of public speaking is, for many people,
greater than the fear of death. That fear is caused by the fear of criticism, of ridicule and
from the fear of being expelled. Notice that the fear of being different prevents many
people look for new ways to solve their problems.

Many financial problems begin when we follow the crowd and try to
keep up with others

Mike's father, whom Kiyosaki called his Rich Dad, dropped out of school at 13.
years and never followed the crowd. He built his own way of thinking and hated to hear the phrase
I can't. Even though he had no formal education, he had financial education.
which led him to success.

At just 16 years old and thanks to the teachings of his Rich Dad, Kiyosaki had a better
knowledge about money that his own family had. According to his Poor Father, the
the house was an asset and as a result of this idea, he had great arguments with his son. Robert
I knew that owning a house was better than not owning anything. But also
I had understood that if people, when they were young, started to invest more money in
acquire assets instead of liabilities, their last years would be easier.

Those who intend to have a bigger house should initially create assets that
they produce money to then buy the biggest house. It is common instead, that the
people acquire mortgage loans and credit card debts instead
of assets. In this way, they waste time, do not obtain additional capital, nor experience
financial.

The best way to start the journey to wealth is to strive to acquire only assets.
keeping liabilities and expenses low.

Kiyosaki takes from Buckminster Fuller, the definition of wealth:

Wealth is a person's ability to survive a certain number of days in the
future…or in other words: if I stop working today, how many days will I survive
with the money I have?

The author clarifies that the true definition of rich depends on who expresses it. But we
it is advisable to remember your observation:

The rich acquire assets

The poor only have expenses

The middle class builds liabilities that it thinks are assets.

In response to the question 'how do I start taking care of my own business?', Kiyosaki tells us
invites to read the next chapter, offering a story about Ray Kroc, who turned
McDonald's is a million-dollar business.

CHAPTER 3: MANAGE YOUR OWN BUSINESS

The chapter begins with an anecdote about Ray Kroc, who turned McDonald's into a
multibillion-dollar business. Ray Kroc asked a group of doctoral students in
business administration, what business they thought he was in. Everyone laughed thinking
It was just a joke, but Ray Kroc insisted on the question. A student
he replied, "we all know you are in the hamburger business." Ray
Kroc responded that it was not his business, his business was real estate.

He understood that the premises and their location were the fundamental factors for the
triumph of each franchise. Currently, McDonald's holds the most real estate.
biggest in the world, and even owns more properties than the Catholic Church.

Ray Kroc clarified the difference between his profession and his business. His profession was to be a
great salesman, sold franchises of hamburger restaurants. His business in
change, was based on accumulating real estate that produced assets.

Robert Kiyosaki points out that many people are unaware of the difference between their profession
and their business, and that it is very important to clarify that confusion.

In the previous chapter, Kiyosaki mentioned that most people work for
others (for company owners, for the government, for the bank where they have
his mortgage) instead of working for themselves. His Rich Dad taught him the same lesson.
that Ray Kroc gave to those students:

Lesson number three: Mind your own business. Frequently, the problems
Financiers are the result of working a lifetime for someone else.

It refers to building and firmly maintaining your assets. By putting a dollar in the column.
assets accountant, they should not allow him to leave.

Kiyosaki advises adults to keep their jobs, to keep their expenses low.
expenses and start building a solid asset base, instead of
obtain liabilities.

For young people, it is recommended that they build a solid asset column before
leaving his parents' house, getting married, buying his house, and having children. About
otherwise, they could become trapped in a risky financial position.

Notice that the rich obtain their luxuries in the end, with the profit from assets, in
The poor and the middle class try to buy them at first with the money that
they should be using to create assets. The latter sink into debt for luxuries
that end up being a financial burden.

The author organizes the assets into different categories:

1-Businesses that do not require my presence

2-Company stocks
3-Obligations of companies
4-Mutual funds
5-Income generating real estate
6-promissory notes
Royalties for intellectual property, such as music, scripts, patents
8- And everything that has value, generates income or appreciates, and has a market.
available

Kiyosaki suggests acquiring these assets based on personal preference. For example, if to a
A person who does not like real estate should not pay attention to it.

He, for his part, prefers the stocks of small companies. Regarding the goods
roots, start by buying small properties, and then continue buying and
selling increasingly larger properties. He does it this way to delay
the payment of taxes on profits, a tax benefit.

CHAPTER 4: THE HISTORY OF TAXES AND THE POWER OF CORPORATIONS

In this chapter, Robert Kiyosaki pays attention to the idea that 'the rich should
pay more taxes to give it to the poor.” It explains that the reason why the class
The media pays so many taxes because of that Robin Hood syndrome.

In truth, the rich don’t pay taxes; it is the middle class that pays for the poor.

Kiyosaki takes a journey examining the history of taxes. His Rich Dad teaches him
he explained that originally in the United States and England, the poor and the
middle class to vote in favor of a law that would punish the rich, forcing them to
pay a permanent tax on your income.

Once the government tasted the flavor of money, its appetite grew.

The government's problem was the fiscal management of wealth. The demand for money was
was increasing and the idea of taxing the rich began to spread to the class
media and the poor.

Because the rich understood the power of money, over time, they found a
clever way to overcome the system. Their knowledge of the legal structure of the
corporations gave them a significant advantage. The income tax rate of
corporations were lower than the income tax rate for individuals.
They found a way to save on taxes, and the corporations turned out to be the
the biggest secret of the rich.

Kiyosaki asserts that those who lose are the ones who are not informed. Every time
that when people try to punish the rich, they do not resign themselves, but react.
Buscan minimizar su carga fiscal, contratan contadores y abogados hábiles, convencen a
politicians either create legal loopholes.

Point out, for example, section 1031 of the internal revenue code (Tax Code of
the United States). This allows for the postponement of tax payments. As long as they make
exchanges for more expensive real estate properties do not pay taxes on the
profits until they are settled. That is, if a property is sold to buy another one of
mayor valor, y se hace esta práctica varias veces, solo se paga el impuesto cuando se
sell the last property (the one of highest value). The wealthy take advantage of this benefit of
save taxes, in the meantime to build their asset column. This benefit
it would be available to all people, but it is usually the wealthy who do it
they are looking, as they are well informed and busy taking care of their own business.

His Rich Dad taught him that it is essential to know the law and how the system works.
it works.

Lesson four: Knowledge is power.

With money comes great power that requires the right knowledge to
keep it and make it multiply. Without knowledge, the world pushes you from a
side by side.
I used to remind him too that the biggest scoundrel is not the boss, but the collector of
taxes that will take more and more, if people allow it.

At 15 or 16 years old, Robert Kiyosaki made a decision that would change his life. He decided not to
continue the path that his Poor Father advised him. At 25 years old, the advice of
Your Rich Dad about 'being the owner of your own corporation' started to take
meaning. He had just left the Marine Corps and was working as
salesman for the company Xerox. Although he earned a lot of money, he couldn't stop listening to
Your Rich Dad who used to say to him, "Who are you working for? Who are you..."
enriching?

In 1974, Robert formed his first corporation (a real estate holding company)
even being an employee of Xerox. He was determined to stop being an employee and to do
to grow the assets I already had.

Kiyosaki manages to get out of the rat race, thanks to the financial knowledge he had.
achieved.

Explain that the Financial Intelligence Quotient comes from the combination of four
skills and areas of expertise:

1- Accounting: What he calls Financial Education, which provides the ability to read and
to understand the state of accounts.

2- Investment: What he calls the science of making money produce money.

3- Understanding markets: The science of supply and demand. Asking oneself if

an investment makes sense, depending on market conditions.

4- The Law: Knowledge of tax advantages and protection against lawsuits, which
they offer the corporations.

Taking into account the combination of these skills, it broadens Financial Intelligence.
Towards the end of the chapter, Robert T. Kiyosaki recommends owning a corporation.
own, and that it protects its assets.

CHAPTER 5: THE RICH INVENT MONEY

In this lesson, Robert Kiyosaki explains that we all have enormous potential.
but fear and doubt about oneself paralyze human intelligence.

Often, it is not the smartest one who progresses and moves forward, but the one who...
dare.

Financial intelligence requires technical knowledge and courage. According to him, the greatest
Some people are not rich because they are afraid of losing, but the people who avoid
Failure also prevents success. Winners are not afraid of losing.

Financial intelligence consists of having more options. If opportunities are not

They present, what else can you do to improve your position?

Simply for the fact of having more options, and to prosper enormously, is why
it becomes essential to develop financial intelligence. Moreover, for those
they develop their financial intelligence, more opportunities will be presented to them. They will be able to
distinguish a bad business, or how to make a bad business good. There will always be
risks, but financial intelligence improves the possibilities. It is about creativity
what can be done to solve financial difficulties.

The author warns that in the face of the significant changes that are coming, those who have
The right information is what leads to acquiring wealth. This financial wisdom takes time.
time to develop, but Robert encourages people to invest in their education
financial, before investing in other markets.

Kiyosaki comments that he has invented a board game called Cashflow. This game
Didactic was designed to teach people how it works
money. The purpose of the game is to teach people to reason and create new ones.
financial options.

In general, people only know one way out: work a lot, save, and ask.
loans. For his part, Robert assures that those who save money are wasting it.
extraordinary opportunities to achieve greater growth of your money.

According to him, luck is created, just like money. His Rich Dad had...
taught

Lesson five: Money is not real, it is what we agree it to be.

Explain that money is invented, created, and preserved using intelligence.

financial.

An example of how Kiyosaki took advantage of an opportunity to increase his column.

of assets:

In the midst of an economic crisis, where everyone was getting rid of their
things, Kiyosaki instead was buying. He started looking for houses but not in agencies.
real estate agencies, but through lawyers specialized in bankruptcies or in courts. In
in those places, he found a house for 75,000 dollars, which could be bought
for 20,000 dollars. He borrowed 2,500 dollars from a friend, in exchange for 200 dollars.
additional in 90 days. He gave the lawyer that money as an initial payment. While
managed the acquisition of the house.

He published an ad offering a house that was worth $75,000, for so

only 60,000 dollars with a low down payment. Interested parties were appearing everywhere and the
the house was sold immediately.

He sold a property for 60,000 dollars that had cost him 20,000. He returned to his
friend the 2,500 dollars, plus the additional 200 dollars. The remaining 37,300 were
created in its asset column in the form of a promissory note signed by the buyer.

There are still opportunities to buy through bankruptcy, but they are becoming increasingly rare.
that the market has changed. Kiyosaki insists that we need to educate ourselves
financially, to seek new opportunities that allow for growth
our asset column.

The most powerful asset we have is our mind. If we train it

correctly, it can create enormous wealth. An untrained mind can also
create poverty.

Financial intelligence would consist of four fundamental skills:

Financial education.
2- Investment strategies.
3- The market. Supply and demand.
4- The law. Know and play according to the rules.

Personally, Kiyosaki uses two main ways to achieve his growth.

financial: real estate and small company stocks.

Explain that we can find two types of investors:

1- People who acquire a 'packaged' investment. It is the most

common. Example: they go to a reseller in real estate, to a stockbroker, or to a
financial planner and buy something.

2- Investors who create investments. They are the people who create the business. They are the ones who
they are getting closer to the professional investor.

Expone tres habilidades necesarias para ser inteligente desde el punto de vista financiero:

1- Find an opportunity that everyone else has overlooked.

2- Obtain money. Achieve it without the help of banks. Most people

allow the lack of money to prevent them from starting a business. Those who manage to evade that
obstacle, they will have made a great advancement.
3- Organize smart people. Work with or hire smarter people.
than oneself.

Robert Kiyosaki concludes this chapter by reminding that risk will always exist, but
we will have to learn to manage it instead of avoiding it.

CHAPTER 6: WORK TO LEARN, NOT TO MAKE MONEY

In 1955, Robert Kiyosaki gave an interview to a newspaper. The reporter said to him:
"Some day I will be a bestselling author like you." Kiyosaki had read several articles
from her and had dazzled him, as it captured the reader's interest.

Robert asked her what was preventing her from achieving her dream, she replied that people believe
that her novels were excellent, but nothing happened, and that is why she continued working in
the newspaper. Kiyosaki suggested that he attend a sales training course, which
that would help him. However, the journalist was offended because she considered herself a
professional, had a doctorate in English literature and had gone to university to
to train in a profession, in order not to be a salesperson.

Kiyosaki pointed out an observation. Among the notes that the reporter had in her
notebook, she had written: "Robert Kiyosaki, author of the best-selling books." It didn't say
"author of the best-written books." The author mentioned that in truth, he was a writer.
very bad, but I had gone to sales school. However, the reporter kept her
notes and left offended by the advice to 'learn to sell'.

Robert Kiyosaki clarifies that it is not enough to have great talent.

She is constantly surprised by how little talented people earn. If these people
will develop your intelligence Financial (relationship betweenaccounting investment
marketing and legislation), their income would increase considerably. But the reason
the reason many times they continue with financial problems their whole life is because
they know very little or nothing about business systems. They focus on perfecting their
skills, instead of improving their ability to sell.

The author puts himself in the shoes of the young journalist, and says that if he were her, he would take courses.
about sales and advertising. Instead of working in a newspaper, I would work in an agency
from advertising. Even if the salary were lower. While learning, he would write his novel,
and in that way, she could become a 'bestselling author'.

Public opinion supports the idea of 'specialization'. They believe that people
they need to specialize, and in that way they will earn more money or a promotion. Their Father
educated adhered to that idea, that's why he had achieved his doctorate. His rich father in
change, encouraged Kiyosaki to do the opposite:

Knowing a little about a lot.

For this reason, Robert worked for several years in different areas of the companies.
his Rich Dad.

At the moment Kiyosaki left his well-paying job at Standard Oil, his
educated father had a conversation with him. He could not understand Robert's decision to
resign, since that job offered him a high salary, many benefits, free time and
possibility of promotions.

Job security was the most important thing for his educated Father. Learning
it was the most important thing for his rich Father.
His educated father thought that Robert had gone to school to train as an officer.
Ship. His rich father knew that he was actually doing it to study international trade.
His educated father did not understand why Kiyosaki had resigned and joined the Corps.
from the Marines. His son explained that it was to learn how to fly, but in truth, he desired
learning to command troops. His rich father had taught him that the most complex part
To run a company, it was to manage the staff. Leadership is what I would need.
learn.

Then, Kiyosaki found a job at Xerox. He joined there because

had one of the best sales training courses. Robert
I considered myself a very shy person, and although the idea of selling terrified me, I was
willing to learn. He worked there for four years, overcoming his fear of being rejected.
and managed to remain among the top five sellers.

In 1977, Robert Kiyosaki formed his first company. Manufacturing nylon and velcro wallets.
in the East and send them to New York. It was time to put what I had learned to the test.

My rich dad thought it was better to go broke before turning 30. You still have
time to recover.

The author recommends:

Let young people seek a job according to what they can learn, more than
according to what they earn. You should look from a distance at what skills you need to acquire before
choosing a specific profession and getting trapped in the rat race.

Suggest that people look at the future of their lives and question where they are heading.
They are directing. Instead of working for money and security, it suggests that they seek a
second job that teaches them another skill.

Lesson six
Education, in the long term, is more valuable than money.

If despite the advice, some decide to do what the school recommends and insist on
to specialize, Kiyosaki then suggests working in a company that has
a union for your protection, since unions were designed to protect
the specialists. The rule would be:

"Obtain a high specialization and join a union."

His educated father never believed that overspecialization was the cause of the need.
of union protection. The more people specialize, the more trapped and
dependents are of their specialty.

Key administrative skills needed for success:

1- The management of cash flow.
2- The management of systems (including yourself and time with your family)
3- The management of personnel.

The most important specialized skills:

1- Sales
2- The understanding of marketing.

Kiyosaki also explains that communication skills are fundamental for

a successful life. His rich dad also taught him the importance of what today is
known as synergy of professional specialties. Working with more people
smarter than oneself, and ensure that those people work as a team. It guarantees
what

To be truly rich, we need to be able to give as well as to receive.

His two parents were generous, teaching was one of their ways of giving. How much
the more they gave, the more they received. Their wealthy father donated a lot of money to others. The law more

importance of money:
Give and you shall receive.

Kiyosaki ends this chapter by stating that he finally became his two fathers.
One part of him was a capitalist who adored the game of money. The other part was that of
a teacher with a social conscience who is concerned about the growing gap
between those who have and those who do not, and blames the archaic as responsible for this situation
educational system.

Efrain Vazquez Unzueta MT37M