Introduction.
It is a very interesting book, its author one of the best finance and a great life story. Kiyosaki explains his formula through their experiences to achieve success, freedom and security in the labor, financial and business world.
I admit, I read far as I could because I like to read in detail and I liked a lot, plus I added that languages other than Spanish.
1. Summary.
1.1. Chapter 1.
It is curious that this couple decide not get a job because they had a dream of financial freedom.
The privilege was the author of this book does not have many people, having a living example and teaching of two beings who love and want the best for him; he built the dream came apparently in the lives of his parents; It was a dream built by the experienced, observed and learned from their parents. This couple chose to leave their job, not get another despite the difficulties, because what they wanted was no job security.
The author wants us to publicize the existence of different methods by which you can generate income.
Thought that different structures, different technical skills, different educational paths, different types of people are required.
I'm in the quadrant "A": I want to be the boss-employed in my own company and I want to put my own time.
1.2. Episode 2.
The author skillfully shows comparative way people having the knowledge and knowing the benefits of being in one or another quadrant, we were in the quadrant E, for example. It is how we respond to the emotions that usually determines which quadrant we choose to generate our income. Not easy change is to change quadrant because basically what we are, how we think, as we observe everything that happens around us.
In this chapter we look at the importance of the word, to determine which quadrant develops is hearing the way it is expressed, so we know how to treat it, for a person how you express something, you can be welcomed, for another with the same words it is not. To be a great D is required to give importance to words, be master of words
In addition to the word it is important to have technical knowledge of the business; to be a successful D, really the two things are needed and the best or good news for all of us in quadrants E and A is that both skills can be learned
Something that struck me extra attention in this chapter is the definition of wealth:
The number of days you can survive without physically working (or without anyone else in your household physically working) while maintaining their standard of living.
1.3. Chapter 3.
I prefer to be "self-employed" and "Owner" because that would feel more comfortable with my time and doing what I like. Viewing quadrant I want two things: freedom and security.
What this chapter is very true: at first looks a wonderful life and fulfilling his dream (your home, your car, etc), but in the end you see are pure debt and unnecessary expenses. I can see the difference between "EA" and "DI": "EA" (security) is successful with less free time for others and "DI" is successful with perspective investor and a look at yours, without losing anything.
How I can mix "financial intelligence" with "financial ceiling"? It is a big question (for me) the rich father knew not manage their investments and their money and the poor father all I did was spend and increase their debts.
The reason why so many people go through financial difficulties is that every time
earning more money, they also increase their two biggest expenses:
1. Taxes
2. Interest on the debt.
To make matters worse, the government often provides tax incentives for you to get more debt.
Something made it clear: we move from "EA" to "DA", that would give us more freedom and we would know to manage our time, money and business.
1.4. Chapter 4.
· System developed by oneself; for This system is important to develop knowledge and experience, it is advisable to have a mentor.
· franchises;system already exists, it is proven that it works and purchase is that it has been successful; in this system the staff who will operate the system is essential. It should be clear that basically will operate the system and not to be adapted to what you want.
· Network market; It is to acquire the system, belonging to the organization, learning the system through training and after you have learned can you create your own business.
To be successful one must overcome fears, no matter what people think of me, on the other hand is also learning to lead people, get along with people and inspire them to do something.
I noticed that to be a D you need to have a business system that no matter what the system, it is important to be very solid, it is tested. A system that is comprehensive, not only the operative part as I imagined.
To have financial freedom is required to have a system; the system is the bridge to achieve being in the quadrant D and gain financial freedom.
1.5. Chapter 5.
· Level 0;
those who have nothing to invest, spend everything they earn or spend more than they earn.
· Level 1; debtors
They spend everything they earn or spend more than they earn, they buy on credit; for each asset that has a debt to acquire it.
· Level 2: savers
These people save to spend later, do not borrow; They are insecure and they save spend it later.
· Level 3-A.
Dejan investment in the hands of a financial planner; They say they do not understand the topic, not like the numbers and generally think that investment is a retirement plan.
· Level 3-B The Cínico
These people know the subject, read, know but they are very pessimistic, are so afraid that when they decide to invest it's late at all times know all the possibilities of failure, but do not seek or are anticipated to avoid, as counselors are bad. They are called dogs
· Level 3-C The bettor
They are called hogs, investment for them is just a matter of luck. Are the worst investors lose money, usually 90% of their time.
· Level 4: long-term investor
They are aware of the need to invest, they are conservative anything risky, looking for a financial planner to advise them.
· 5-level sophisticated investors
They are rookies, they have a solid financial base. They have much more revenue than expenses. They have a good education investments and are increasingly seeking more information. They create their own businesses. Usually your assets are not in your name, they have advisers.
· Level 6: capitalists
Investments create for himself and for others. They create and sell investments on the market. Enter the market when others are typically out, they know how to manage risk. These people create jobs, make large donations or investments in education foundations.
2. Summary.
2.1. Chapter 1.
It is curious couple decides That esta not get a job Because They had a dream of financial freedom.
The privilege was the author of this book does not Have many people, living Having a teaching and example of two Beings Who Love and want the best for him; I built the dream life of the apparently Took His parents; It was a dream built by the experienced, Observed and Learned From their parents. This couple chose to leave the job, not get another DESPITE the Difficulties, Because They wanted no job security.
The author wants us to publicize the existence of different methods by Which you can generate income.
That thought different structures, different technical skills, different educational paths, different types of people are required.
I'm in the quadrant "A": I want to be the boss-employee in my own company and I want to put my own time.
2.2. Chapter 2.
The author skillfully shows comparative way people Having the knowledge and the benefits of being Knowing in one or another quadrant, We were in the quadrant E, for example. It is how we Respond to the emotions That Determines Which quadrant Usually we choose to generate our income. It is not easy to change is to change what we quadrant Because basically are, how we think, as we observe everything around us That happens.
In This chapter we look at the Importance of the word, to determine Which quadrant unfolds is to hear how it is Expressed, so we know how to treat it, for a person how you express something, it May be well received, for another With the same words it is not. To be a great D is required to give Importance to words, be master of words.
In Addition to the word it is Important to Have technical knowledge of the business; to be a successful D, the two things are really needed and the best or good news for all of us in Quadrants E and A Is That Can Be Learned Both skills.
Something That struck me extra attention In This chapter is the definition of wealth:
The number of days you can survive without physically work (or no one else in your home physically work) while Maintaining Their standard of living.
2.3. Chapter 3.
I prefer to be "self-employed" and "Owner" Because so I would feel comfortable with my more time and doing what I like. I want two quadrant viewing things: freedom and security.
What This chapter is very true: at first Sees a wonderful life and fulfilling His dream (your home, your car, etc.), but in the end you see are Pure debt and unnecessary expenses. I can see the difference between "EA" and "DI": "EA" (security) is successful with Less free time for others and "DI" With perspective is successful investor and a look at yours, without losing anything.
How I can mix up "financial intelligence" with "financial limit"? is a big question (for me) the rich dad Knew Their not manage investments and Their money and the poor father all I did was spend and Increase Their debts.
The reason why so many people go through financial Difficulties That is earning more money every time, They Also Increase Their two biggest expenses:
· Taxes.
· Interest on the debt.
To make matters worse, the government tax incentives Often Provides for contracting more debt you.
Something made it clear: we move from "EA" to "DA" That would give us more freedom and we would know to manage our time, money and business.
2.4. Chapter 4.
· System developed by oneself; esta system to Develop knowledge and experience is Important, it is advisable to have a mentor.
· Franchising;system already exists, it is proven it works and purchase That is That It Has Been successful; In This system will operate the WHO staff the system is essential. It Should Be Clear That basically will operate the system and not to be what you want to Adapted.
· Market Network; It is to acquire the system, Belonging to the organization, learning the system through training and after it Has Been Learned can you create your own business.
To be successful one must Overcome fears, no matter what people think of me, on the other hand is learning to lead people Also, get along and inspire them With people to do something.
I noticed to be a D That is Necessary to have a business system, no matter what the That system, it is Important to be very solid, it is tested. A system That is comprehensive, is not only the operative part as I imagined.
To have financial freedom is required to have a system; the system is the bridge to Achieve being in the quadrant D and gain financial freedom.
2.5. Chapter 5.
· Level 0;
Those Who have nothing to invest, or spend everything They earn more than spend They earn.
· Level 1; Debtors.
They spend everything They earn more than or spend They earn, They buy on credit; That for each asset has a debt to acquire it.
· Level 2: savers.
These people save to spend later, do not borrow; They are insecure and They save
· Level 3-A.
Leave the investment in the hands of a financial planner; They say do not Understand the issue, They do not like the numbers and think Generally That is a retirement investment plan.
· Level 3-B The Cynic.
These people know the subject, read, know but They are very pessimistic, are so afraid That When They decided to invest it's late at all times know all the possibilities of failure, but do not seek or are anticipated to avoid, as counselors are bad . They are called dogs
· Level 3-C The bettor.
They are called hogs, investment for them is only a matter of luck. Are the worst investors lose money, 90% of Their Usually time.
· Level 4: long-term investor.
They are aware of the need to invest, conservative They are anything risky, looking for a financial planner to advise them.
· Level 5-sophisticated investors.
They are rookies, They have a solid financial base. They have a lot more revenue than expenses. They have a good education investments and are increasingly seeking more information. They create Their own businesses. Their assets are not Usually in your name, They have advisers.
· Level 6: capitalists.
Investments create for himself and for others. They create investment and sold in the market. Enter the market When others are out Typically, They know how to manage risk. These people create jobs, make large donations or investments in education foundations.
3. Infographics.
