Stephen Covey

rich dad - poor dad

Rich Dad Poor Dad
Robert Kiyosaki

• "A true luxury is a reward for investing in and developing a real asset."
• "The only way to get out of the "Rat Race" is to prove your proficiency at both accounting and investing, arguably two of the most difficult subjects to master."
• "I have mentioned before that financial intelligence is a synergy of accounting, investing, marketing and law. Combine those four technical skills and making money with money is easier."
• “Most people are poor because when it comes to investing, the world is filled with Chicken Littles running around yelling, ‘The sky is falling. The sky is falling.’”
• “Many of today's youth have credit cards before they leave high school, yet they have never had a course in money or how to invest it, let alone understand how compound interest works on credit cards.”

Author's Description of his fathers

"I had two fathers, a rich one and a poor one. One was highly educated and intelligent; he had a Ph.D and completed four years of undergraduate work in less than two years. He then went on to Stanford University, the University of Chicago, and Northwestern University to do his advance studies, all on full financial scholarships. The other father never finished eighth grade.
Both men were successful in their careers, working hard all their lives. Yet one struggled financially all his life. The other would become one of the richest men in Hawaii. One died leaving tens of millions of dollars to his family, charities and his

church. The other left bills to be paid."

Poor Dad:

The Poor Dad in the story is based on Kiyosaki's real father, a PhD holder and graduate of Stanford, Chicago, and Northwestern Universities, all on full scholarship, who was the head of the Education department of the state of Hawaii. In the book, he is greatly respected until he decides, late in his career, to take a stand on principle against the governor of Hawaii. This leads directly to Poor Dad

losing his job, and his inability to find comparable work ever again. Because he has never learned to handle money, instead depending on the government (an employer) for support, he dies in severe debt.

Rich Dad:

In contrast to this character is Rich Dad, his best friend Michael's father. Rich Dad dropped out in 8th grade, but became a self-made multi-millionaire regardless. He teaches Kiyosaki and Michael a variety of financial lessons, and insists that the boys learn to make money work for them to avoid spending their whole lives working for money, like Rich Dad's employees, as well as Poor Dad, and indeed most of the people in the world.

 

wisdom notes

Love this one!!!!!!

 As we grow older, and hence wiser, we slowly realize that wearing a $300. or $30.00 watch   - - - - - - they both tell the same time...

 Whether we carry a $300 or $30.00 wallet/handbag - - - - - - -  the amount of money inside is the same;

Whether we drink a bottle of $300 or $10 wine - - - - - - - - - -  - -the hang over  is the same;

 Whether the house we live in is 300 or 3000 sq.ft. - - - - - - - - loneliness is the same.

 You will realize, your true inner happiness does not come from the material things of this world.

Whether you fly First, Business or Economy class, if the plane goes down - - - - - - --you go down with it...

Therefore..I hope you realize, when you have mates, buddies and old friends, brothers and sisters, who you chat with, laugh with, talk with, have sing songs with, talk about north-south-east-west or heaven & earth, .... That is true happiness!!

 Five Undeniable Facts of Life

 1. Don't educate your children to be rich. Educate them to be Happy.

   So when they grow up they will know  the value of things not the price.

2. Best awarded words in London ...

    "Eat your food as your medicines, Otherwise you have to eat medicines as your food."

 3. The One who loves you will never leave you because even if there are 100 reasons

    to give up he or she will find one reason to hold on.

 4. There is a big difference between a human being and being human. Only a few really understand it.

 5. You are loved when you are born.   You will be loved when you die.

     In between, You have to manage!

If you just want to Walk Fast, Walk Alone!  But if you want to Walk Far, Walk Together!

  Six Best Doctors in the World

    1. Sunlight

    2. Rest

    3. Exercise

    4. Diet

    5. Self Confidence and

    6. Friends

 

Maintain them in all stages of Life and enjoy healthy life.

Sent with smiles and affection.

Sawmi vivekanand  messages

💬 Stay away from Anger..It hurts ..Only You!

💬 If you are right then there is no need to get angry,

💬 And if you are wrong then you don't have any right to get angry.

💬 Patience with family is love,

💬 Patience with others is respect.

💬 Patience with self is confidence and Patience with GOD is faith.

💬 Never Think Hard about thePAST, It brings Tears...

💬 Don't think more about the FUTURE, It brings Fear...

💬 Live this Moment with a Smile,It brings Cheer.

💬Every test in our life makes us bitter or better,

💬 Every problem comes to make us or break us,

💬 The choice is ours whether we become victims or victorious.

💬 Beautiful things are not always good but good things are always beautiful

💬 Do you know why God created gaps between fingers?

💬 So that someone who is special to you comes and fills those gaps by holding your hand forever.

💬 Happiness keeps You Sweet..But being sweet brings happiness.