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Questions and Answers
What did the young female reporter want to be someday?
The young female reporter was open to learning sales techniques.
False
Why did the author's rich dad want him to learn a little about a lot of things?
The author's educated dad was proud of his decision to join the Marine Corps.
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What is the main reason why most workers never get ahead, according to the text?
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The author's rich dad encouraged him to specialize in a particular field.
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What is the main reason why the author's educated dad became trapped in his job, according to the text?
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The author's rich dad did not give away money to charities.
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What was the young female reporter's profession?
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The author's educated dad was proud of his decision to join the Marine Corps.
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The author's rich dad thought that salespeople were below him.
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What is the main reason why the author's educated dad became trapped in his job, according to the text?
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The author's rich dad encouraged him to specialize in a particular field.
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What is the main reason why most workers never get ahead, according to the text?
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Study Notes
The Importance of Financial Intelligence
- The author, Robert Kiyosaki, shares a story about an interview with a young journalist from Singapore, who was impressed by his writing style but struggled to achieve her dream of becoming a best-selling author.
- The author suggests that she should attend a sales training course to enhance her career, but she is offended by the idea, as she believes that salespeople are only interested in making money.
The Power of Combining Skills
- The author notes that many talented and educated people struggle financially because they lack certain skills.
- He shares the phrase "they are one skill away from great wealth," emphasizing that learning one more skill can significantly increase one's income.
- He cites the example of the young journalist, who could combine her writing skills with sales and marketing skills to become a best-selling author.
The Author's Background
- Robert Kiyosaki graduated from the U.S. Merchant Marine Academy in 1969 and was hired by Standard Oil of California.
- He resigned after six months to join the Marine Corps and learn how to fly.
- His educated dad was devastated by his decision, while his rich dad congratulated him.
The Difference Between Educated Dad and Rich Dad
- The author's educated dad believed in specialization and job security, while his rich dad encouraged him to learn a little about a lot.
- Rich dad encouraged the author to work in different areas of his companies, including accounting, sales, and marketing.
- Rich dad wanted the author to learn through osmosis and understand the overall business, not just specialize in one area.
The Importance of Leadership
- Rich dad emphasized the importance of leadership and managing people, which is crucial in business.
- The author joined the Marine Corps to learn how to lead troops and later worked for Xerox Corporation to overcome his fear of selling.
Entrepreneurial Spirit
- After leaving Xerox, the author formed his first company in 1977, which marked the beginning of his entrepreneurial journey.
- He learned to form companies and put them together, thanks to the skills and knowledge acquired from his rich dad.### The Importance of Financial Intelligence
- The author's rich dad encouraged him to seek work for what he would learn, not just for the money, and to focus on acquiring skills rather than just earning a salary.
- The author argues that most workers live within their means, work hard, and pay bills, but never get ahead financially.
The Problem with the Education System
- The education system does not teach financial intelligence, leading to a lack of understanding about personal finance and money management.
- The author's educated dad, who had a high-paying job, was still unable to manage his finances effectively and provide for his family's future.
Specialization vs. Diversification
- Specializing in a particular skill or field can lead to higher earnings, but it also limits one's flexibility and adaptability in the job market.
- The author's rich dad advised him to diversify his skills and knowledge, rather than specializing in one area, to increase his earning potential and job security.
The Importance of Business Systems and Communication Skills
- Having a good business system in place is crucial for success, and communication skills, such as sales and marketing, are essential for achieving financial success.
- The author argues that many talented people are poor because they focus on perfecting their skills, but lack the skills of selling and delivering their product or service.
The Power of Giving and Receiving
- The author's rich dad believed in giving away money to receive more, citing the example of wealthy families like the Rockefellers and Fords, who have philanthropic foundations.
- The author argues that giving and receiving are essential for financial success, and that those who are unable to give or receive are often stuck in poverty.
The Importance of Financial Intelligence
- The author, Robert Kiyosaki, shares a story about an interview with a young journalist from Singapore, who was impressed by his writing style but struggled to achieve her dream of becoming a best-selling author.
- The author suggests that she should attend a sales training course to enhance her career, but she is offended by the idea, as she believes that salespeople are only interested in making money.
The Power of Combining Skills
- The author notes that many talented and educated people struggle financially because they lack certain skills.
- He shares the phrase "they are one skill away from great wealth," emphasizing that learning one more skill can significantly increase one's income.
- He cites the example of the young journalist, who could combine her writing skills with sales and marketing skills to become a best-selling author.
The Author's Background
- Robert Kiyosaki graduated from the U.S. Merchant Marine Academy in 1969 and was hired by Standard Oil of California.
- He resigned after six months to join the Marine Corps and learn how to fly.
- His educated dad was devastated by his decision, while his rich dad congratulated him.
The Difference Between Educated Dad and Rich Dad
- The author's educated dad believed in specialization and job security, while his rich dad encouraged him to learn a little about a lot.
- Rich dad encouraged the author to work in different areas of his companies, including accounting, sales, and marketing.
- Rich dad wanted the author to learn through osmosis and understand the overall business, not just specialize in one area.
The Importance of Leadership
- Rich dad emphasized the importance of leadership and managing people, which is crucial in business.
- The author joined the Marine Corps to learn how to lead troops and later worked for Xerox Corporation to overcome his fear of selling.
Entrepreneurial Spirit
- After leaving Xerox, the author formed his first company in 1977, which marked the beginning of his entrepreneurial journey.
- He learned to form companies and put them together, thanks to the skills and knowledge acquired from his rich dad.### The Importance of Financial Intelligence
- The author's rich dad encouraged him to seek work for what he would learn, not just for the money, and to focus on acquiring skills rather than just earning a salary.
- The author argues that most workers live within their means, work hard, and pay bills, but never get ahead financially.
The Problem with the Education System
- The education system does not teach financial intelligence, leading to a lack of understanding about personal finance and money management.
- The author's educated dad, who had a high-paying job, was still unable to manage his finances effectively and provide for his family's future.
Specialization vs. Diversification
- Specializing in a particular skill or field can lead to higher earnings, but it also limits one's flexibility and adaptability in the job market.
- The author's rich dad advised him to diversify his skills and knowledge, rather than specializing in one area, to increase his earning potential and job security.
The Importance of Business Systems and Communication Skills
- Having a good business system in place is crucial for success, and communication skills, such as sales and marketing, are essential for achieving financial success.
- The author argues that many talented people are poor because they focus on perfecting their skills, but lack the skills of selling and delivering their product or service.
The Power of Giving and Receiving
- The author's rich dad believed in giving away money to receive more, citing the example of wealthy families like the Rockefellers and Fords, who have philanthropic foundations.
- The author argues that giving and receiving are essential for financial success, and that those who are unable to give or receive are often stuck in poverty.
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Description
The author shares a personal anecdote about their family and interview experience, highlighting the importance of learning and wealth management. The context is related to a speaking engagement on the secrets of the rich.
