Rich Dad Summary Mindmap Part 1 PW
Rich Dad Summary Mindmap Part 1 PW
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“ “ “
1 +
PEOPLE’S LIVES
THE POOR
AND MIDDLE CLASS WORK
One of life’s biggest traps
+ THEY WORK VERY HARD
ARE FOREVER CONTROLLED BY TWO
LESSON
FOR LITTLE MONEY, CLINGING TO THE
FOR MONEY. THE RICH HAVE Fear and Greed EMOTIONS:
MONEY WORK FOR THEM. ILLUSION OF JOB
FEAR AND GREED
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SECURITY...3 WEEKS VACATION....AND
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A SKIMPY PENSION
“
INCOME INCOME
“ EXPENSES
+
EXPENSES
2
IT’S NOT HOW MUCH MONEY
ASSETS
LESSON
IT’S NOT HOW MUCH MONEY YOU MAKE IT’S HOW MUCH
VS BALANCE SHEET BALANCE SHEET
YOU MAKE IT’S HOW MUCH MONEY YOU KEEP
MONEY YOU KEEP LIABILITIES ASSETS LIABILITIES ASSETS LIABILITIES
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WHY TEACH FINANCIAL LITERACY?
ASSET LIABILITY
Habit
Your home is NOT an
asset
Cash-Flow
Patterns
+ JOB
INCOME STATEMENT
INCOME
JOB
INCOME STATEMENT
INCOME
INCOME STATEMENT
INCOME
DIVIDENDS
RENTAL INCOME
SALARY SALARY ROYALTIES
INTEREST
INCOME STATEMENT
INCOME
“
EXPENSES
+
BALANCE SHEET
+
3
THE RICH FOCUS ON ASSETS LIABILITIES
Put your savings into
LESSON
THEIR ASSET COLUMNS WHILE EVERYONE ELSE FOCUSES
” BALANCE SHEET
LIABILITIES
“
EACH DOLLAR IN MY ASSET COLUMN WAS
A GREAT EMPLOYEE
MAKING MORE EMPLOYEES
TO BUY THE BOSS A NEW PORSCHE
ESCAPING
ORDINARY
PART II - COMING SOON....