Book Report on Rich Dad Poor Dad

A corporation is a separate legal entity that possesses distinctive liabilities and privileges than that of their members or shareholders. As an investor, a corporation’s advantage is liability for their own investments especially in risky investments (Kubasek, et al., 2012, p. 760). Among the various types of corporations for Betty to select from, an S corporation is an enticing venture for new entrepreneurs given that it grants limited personal liability for debts, sharing of corporate profits, and taxation relief. Double taxation is a main disadvantage of C corporations but not for S corporations. The General Corporation Law (Corp C §§100-2319) treats S corporations similarly to partnerships for taxation purposes.

Throughout the book, Bain discusses many different, but successful people, to indicate that the people that grow to success, are the ones that become a “deep learner” and possess a passion for their ideal career (p. 36). Jeff Hawkins, displayed a deep passion for building “contraptions” and questioning concepts and because he had his own motivation, he never allowed anything to stifle his passion (pp. 32-33). If assignments did not fit with his interest, he completed them and then went off on his own, to learn it (p. 34). This reveals how strong his passion was, he actively searched for new information without prompt from others and this proves to readers if they discover their own passion, then learning and

The idea of a self-made man has always been a centerpiece of the American Dream, an identity that embodies the belief that anyone can achieve prosperity and success from even the lowest-ranking positions. One of America’s finest “self-made men” reflects this flawed ideal that fails to account for the variety of factors stacked against an individual. In his speech, “The Road to Business Success: A Talk to Young Men”, Andrew Carnegie argues that the self made man exists, and it is possible to become a successful businessman and leader through hard work. He begins his speech by arguing that all successful individuals must start in lower ranking positions, as he did. He then highlights three requirements every leading businessman must follow

Many people have ways of influencing others. Most people use words to affect other people. An amount of individuals would utilize their gift of persuasion to convince others of their causes or maybe arguments, while some use authority to force people to do as they are told. These several differences can apply to fathers as well. Not all fathers are similar when it comes to educating their children. Many are gentle, while some are more dominant. Randy T Caldwell, a somewhat young spirited middle aged man. Dark skinned with black Gucci frames to accommodate his big brown eyes. Standing 5’11, board shoulders, happy, loving, man of

After reading Gerald’s story, I think students will believe in themselves more than ever before. Gerald showed us that book smarts doesn’t just mean doing well in school but that things you do in everyday life is showing your own intellectualism. He also states how once students and children realize that if they can argue and talk about things that are important to them or that they are passionate about then they can hopefully use that to tap into things they are leaning about in school.

In the short story, A Fathers Story by Andre Debus, a man named Luke Ripley is challenged by a decision that effects himself, the people he loves, and his faith. The author, Dubus, uses what a man named Paul Fussell describes as "the literary-artistic-historical sensibility"

In his article “Stop Coddling the Super-Rich”, Warren Buffett criticizes the fact that billionaires in United States actually pay less percentages of taxes than those working-classes. Buffett believes the government needs to stop protecting the “super-rich”.

Words in the English language can have numerous definitions and connotations; the term rich is no different than the rest. The first definition most people think of when they hear the word "rich" is having loads of money, which is exactly what Pete has in “The Rich Brother” by Tobias Wolff. This definition of rich and the title of the story lead many readers to assume that Pete is rich and his brother Donald is poor, but this is not necessarily the case. A person can also be rich because they supply a large amount of something that is needed, such as love or forgiveness. After further analysis and a different view of the definition of “rich,” it is discovered that Donald is in fact, the rich brother, not the monetarily rich Pete.

In his book, “Money and Class in America,” Lewis Lapham states, “The ardor of the American faith in money easily surpasses the intensity achieved by other societies in other times and places.” This notion is the reoccurring theme in Lapham’s book. America is so taken with the idea that without money your achievements do not mean as much as they would if they came with a large sum of cash. We as a society value money over more important qualities such as knowledge or integrity.

Carol Dweck said, “People may start with different attitudes and different aptitudes, but it is clear that experience, training, and personal effort take them the rest of the way.” Therefore, that's saying that if your not focus on what you need to do, you’re not going anywhere in your life. Robert Sternberg said,”The present-day guru of intelligence writes that the major factor in whether people achieve expertise is not some fixed prior ability, but purposeful engagement lots of practice or as his forerunner, Binet, recognized, it’s not always the people who start out the smartest who end up the smartest.” However, if you build your confidence and set your mind on something you will

“However, ‘I can’ won’t make you a quantum physicist, or a poet, or a composer, or a brilliant entrepreneur unless you also have the cognitive ability to compete seriously in those domains.”

We all want to be wealthy and for the most part many of us we chase attaining wealth and success for most of our lives. Author Sam Egube has attained wealth and experienced the highs and lows that come with attaining wealth. He has held jobs that ranged from some of the lowest wage earners to ones earning wealth and respect. And through his published work Thoughts from a Wealthy Perspective, that he disseminates his “wealth” of knowledge derived from his years of experiences and observations, told from his straightforward and very different perspective as a wealthy person.

The Millionaire Next Door is a book written by two professors of economics, Thomas Stanley and William Danko, and is difficult to immediately apply to one’s own life. It is not a self-help book; it is an economic study with significant implications for greater society. It is an attempt to study the behaviors, habits, and most importantly the attitudes of the United States’ wealthy, thereby providing a glimpse into what makes some wealthy while others remain less affluent. Because of this, the primary focus of the book is not how the findings within the book affect the average consumer, but why do the wealthy become wealthy. Therefore, to properly utilize this book a reader must compare his or her behavior to those of the wealthy and see where

Have you ever had a hero in your life, someone that is always there for you when you need them? I did, I called him "my dad." My dad was the only person that could make me laugh when I was feeling down. My dad was that person who had so much love for his family. My dad was the person who I could call and he'd always pick up. My dad was the person who would drop everything just to help me. My dad was the biggest hero in my life and to this day, still is.

I’ve summed up the introduction of Taxation to these slight words. Taxation is defined as a way that the government able to generate or collect revenue from the citizen of one’s nation through different sources. As what I’ve learned from Taxation course that there are two types of taxation, direct which are paid by the taxpayer directly to the government, and indirect which are collected by an intermediary (like a retail store) from the consumer. The intermediary who will file the tax return later and forward the amount of the money to the government with the return. This tax is applicable to organizations and individuals. In this reflection, I would like to highlight what I learned of business and individual taxation, the experience on working with a group for the project and what challenges I faced and how I was able to get past.