Rich Dad Poor Dad Summary

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.

The obstacles landlords have to overcome causes them to lose their motivation to invest in rental properties and they instead flock towards other housing options to include condominiums, office towers, and hotels.

Over the course of the previous and current semester I have had the opportunity to experiment with investing on a level that I have never been able to before. Using Stock Trak, I was able to try out various methods of investing that I normally would not have had the chance to do. Using the $500,000 dollars that Stock Trak starts you off with, I had the opportunity to invest in options, futures, high end mutual funds, and bonds. I have learned a bit through this experience that will benefit me for the rest of my life. Although it was not a perfect experience; and there was more I wish I would have gained, there is no doubt that I will benefit from this experience. For the rest of this paper, I will be discussing how I used Stock Trak, the things I would have changed, what I learned, and how I plan to apply this experience to the rest of my life.

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

These decisions may include selling and buying of stocks, bonds, futures, currencies and so on. Stocktrak.com helps to implement the investment decision process as it includes evaluation tools for securities being traded at stock market. The website provides graphical historical performance of stock prices and this graphical performance can be analyzed for making different investment decisions related to those stocks. This project will be investing the given specified amount in a portfolio. The portfolio investment will help to reduce the level of risk associated with investment. With the reduction in level of risk, the average return of portfolio investment will increase as compare to individual investments. Thus, portfolio investment is better option for investment as compare to individual

In an article titled “Brainpower and Bankruptcy” by Wilson Quarterly, the idea that intelligence isn’t dependent on wealth is argued. Quarterly examines different IQ scores among varying incomes and argues that having a high IQ tends to put one in more financial distress. Quarterly states that “Intelligence alone doesn't explain why individuals succeed or fail in economic life.” This quote is a critical argument that supports Rose’s claim. Throughout Rose’s article his main idea is that a blue collar worker, receiving a low income, tends to hold more intelligence than typically perceived.

12. What advice about investing in the stock market did you find most interesting and/or useful?

A child’s abnormally high IQ may trigger thoughts of undoubted success for many of us, but Outliers shows us that many with unbridled promise fail to deliver. This study shows that almost all “geniuses” that fail to complete post-secondary degrees have one glaring trait in common: socioeconomic status. Gladwell presents the case of Chris Langan, a man who’s IQ nears 200 and taught himself to read by age four. Langan spend his adult years as a bouncer and later ran a horse farm. This is hardly dignified work for “the smartest man in America.” Langan’s only mistake was growing up poor. Gladwell compares Langan with Robert Oppenheimer, architect of the atomic bomb. While both were extremely intelligent, only Oppenheimer grew up affluent and gained necessary skills needed to succeed. While Langan had difficultly figuring out the procedures necessary to fill-out financial-aid forms in college, Oppenheimer was raised to learn social niceties. The author goes into great detail explaining how the experiences provided to Oppenheimer through family wealth helped separate him from a fate all-to-often

A father can be a son’s highest goal or lowest point, and it is all about how the father treats the son. In Li-Young Lee’s “Mnemonic,” Lee acknowledges his shortcomings that his father would not have been approved of. In Langston Hughes’s “Mulatto,” the father neglects his son and ignores his abuse of the mother. In James Masao Mitsui’s poem “Because of My Father’s Job,” the father has influenced the author’s life and how he sees himself. In these principle poems, each father takes a different approach to being a father. One of them holds himself highly. Another one neglects his responsibilities. The final one impacts the son’s entire life. A father is a son’s first role model, and the template in which the son is built after, but sometimes that template is not to the son’s liking.

Many professionals, young and old, are looking at investing their money in different areas. Some would choose investing on a start-up or banking it all on mutual funds. But there is one way people can invest their money for the “Betterment.”

Accumulating wealth is an important challenge for every adult. There are many sound reasons why individuals should take this task seriously. Financial independence is the best way to face an uncertain future with tranquility and optimism. Everyone can be affected by unforeseen expenses like medical emergencies or the unexpected loss of a job. Besides all this, people want to enjoy the beauty of life during retirement without having to worry about how to cover daily expenses. In order to do so, there are numerous ways to success. Among these, the stock market is an interesting investment alternative to save money and accumulate wealth. According to Bankrate’s Money Pulse Survey 48% of American adults have money in the stocks. Other respondents also expressed the desire to invest in the stock market, but think that they do not have the financial means to do so (CNN Money, 2015). This suggests that a large proportion of American have the desire to earn a return from stock market investments.

If you are a new investor who is interested in investment history or how to make investments, purchase this book by Burton G. Malkiel. This book is ideal for any experienced investor who wants to brush up on their knowledge of investment techniques and theories also. There are not many books that have been written about investing. A Random Walk Down Wall Street is broken down into four parts which include; Stocks and Their Value, How the Pros Play the Biggest Game in Town, The New Investment Technology and A Practical Guide for Random Walkers and Other Investors. In total, there are fifteen chapters that cover a lot of key points that many will find interesting and informative.

In the landlord’s eyes, their property is a money machine that will only keep dishing out more and more money. Landlords will often remodel and make improvements to their property so that the property value will go up and in turn they are able to increase their renting price. Sometimes improving a property proves to be too costly and the landlord will resort to selling their property to a third party. The Highland Park neighborhood in Los Angeles had “nearly 30 apartment buildings [that have] changed hands in…[the] last year.” (2015, Greenblatt) The new owner is free to do what they want with the property. They can raise their rents or

Next, I want you to play the "what if" game, but you need to play it all the way to the end. What if you leave your place of employment and the following employment isn’t successful? Would you survive? Think about it: you'd probably begin again and be considerably enlightened. If you'd be betting your mortgage or your family’s grocery money, then maybe the chance isn't worth it. But if that's not so, I'm wagering that the drawback isn't as unsatisfactory as you believe and the advantage could be transformative. You'll rarely move forward by being cautious.

I’m doing wonderful in the big house we live in in California. Its amazing. Tommy acts like a dad to me and sometimes I catch myself calling him dad. When I do he seems to glow brighter and it makes me smile knowing I’m making him happy. I smile all the time now these days.