Lessons of Rich Dad Poor Dad

Despite the importance of finance, accounting, and consumer intelligence, these topics are typically neglected in high schools. Unfortunately, personal finance is often learned by trial and error. The problem with this method of learning is that it only takes one costly financial mishap to set you back for years. This is why I created a basic personal finance book for total beginners. With these concepts you can use the other books in the Smart Money series to further build your knowledge of personal finance topics.

The author of this book, Dave Ramsey, is a man who has gone through many struggles in his life. Throughout his book he talks about the times when he went bankrupt and couldn’t provide for his family. Dave Ramsey sat down and wrote a plan on how to be smart with your money. Ramsey says, “The principles are not mine. I stole them all from God and your grandmother” (xi). He talks about how these are not new ideas and that these are not theories because they are proven to work every single time. The central concept of this book is to help people succeed in life with money but also their personal relationships. Ramsey wants to give people hope and happiness by playing a small role in their financial freedom.

In this society, some of the most important things in your life have to deal with money. In Chad Foster’s book, Financial Literacy for Teens, he taught his readers how to save, spend, invest and give away your money. Reading this book has taught me to start saving when I’m young, know the differences of what I need to buy rather than what I want, to make money while I sleep and giving away some of your money will not only help yourself, but help many others as well.

Whew, where to start? The personal finance class through Dame Ramsey’s Foundations in Personal Finance textbook and video series really had a lot of useful information, and it is hard to pick out the most impactful chapters and topics. However, I think the most important stuff for me was his five foundations for financial success, which were reinforced throughout the course. I am not downplaying the other important stuff in the course, including learning about the history of credit, budgeting, consumer awareness, investing, insurance, and taxes, but I think that mastering the fundamentals is important, which is why I am choosing to highlight them in this paper.

To be successful it is important to look ahead to the future. The future is very important to thing about for many reasons. To be well off in the future its good to know about money, and what a person does with it. People should put it in retirement plans and such things because a person has to think to their self if they want to live comfortably like they do now.

So often we hear about teaching the whole child. Today, more than ever, personal finance knowledge and awareness are a critical part of what it means to teach the whole child.

Herbert A. Simon, a Nobel laureate, suggested that a decision maker did not always make the best financial decision because of limited educational resources and personal inclinations. Because of this, we seek the advice of others to make better financial decisions. In David’s Chiltons The Wealthy Barber Returns, he explains why saving first, spending less, and investing your money now will help secure your financial future. In my opinion, the advice he gives are simple but well founded. After reading this book, I will put my credit/debit cards in the freezer, set up an automatic savings plan with Tangerine, and invest 5% of my pre-tax income. Even though you are probably confused as to why I’m doing this, hopefully everything will be clear

The purpose of this memo is to address each of the loans made to family members by Brunswick this year from a tax perspective.

To begin with, he demonstrates humor because he’s always making people laugh including himself. He always looks on the bright side and loves to tell jokes. He’s a very cheerful person and is always happy. He always is coming up with new jokes to share with his friends. If you ask him a question, his first answer will probably be “my face”. If you hear a joke of his, you will laugh

My ultimate value is my family. My vision for my own self is to live happily with my family in the future. I love to spend my spare time with them. Hanging around with friends and family make me feel well. I love to play on computer. I also love to play with the magical numbers. I like surfing on the internet, exploring new things, reading articles related with health, life, and economic events such as the stock market, financial companies, investment corporations, etc. I think being a citizen of a country, we should somewhat at different aspects of life to better know how well or bad the economy of our country is experiencing. My goal is to become a businessperson. I believe doing business is an important way to improve the economy of a

I read Rich dad poor dad book about 4 years ago, it did not really hit me the importance of taking control of your financial life.

This lesson revolves around givers. Grant elaborates on a story about an investor named David Hornik, he offered an entrepreneur a large amount of money for his business idea. He gave him no deadline on the offer, hornik believed entrepreneurs need time to evaluate their decisions and of course that's what he did. The entrepreneur eventually found a better offer and walked away from Horniks deal. David Hornik learned his lesson the hard way: good guys finish last. Or do they?

It should be highlighted that money may allow one to get all the temporary comforts of life, but it must also be considered as to which type of person benefits from money as well. For example, an individual dying from an incurable illness, cannot be satisfied while being in possession of a great deal of money, when they are not even able to spend and enjoy it to its fullest content. Furthermore, someone with vast riches may be considered lucky by many, but the individual himself only realizes that if there is no one to share the bounties with, there is indeed no sweetness, no matter how ripe the fruit may be. Then again, if you happen to pick out someone from the opposite end of the upper class and elite, someone who belongs to a third class community, having a large family, loving spouse and even the beloved pet, he or

This knowledge has made me lean toward what used to be my father’s and sister’s view on what I need to do for my future. I want to make as much money as I possibly can because money may not buy happiness but it certainly helps create it. I have become a person with many expensive and rich-like tastes that I cannot see me losing anytime soon. This dream of mine is not only for me, but is also for my wife and kids in the future; I do not want them to have to struggle for much of anything and if I can make that reality then it is a win for me.

How do wealthy people succeed? In short, they are programmed for it. My realization is this. Its not your surroundings but what's inside you that causes success. My conclusion is this. Its not the tools, it's the person that determines how successful they will be.