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Questions and Answers
What was the main reason the young female reporter was not achieving her dream of becoming a best-selling author?
Robert Kiyosaki's rich dad believed that specializing in a particular field was the key to success.
False
What did Robert Kiyosaki's rich dad want him to learn from working in different areas of his companies?
A little about a lot, jargon, and what is important and what is not.
Robert Kiyosaki's educated dad believed that going to school meant learning to be a _________.
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Match the following people with their corresponding actions:
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Robert Kiyosaki's first product was a nylon and velcro wallet manufactured in the United States.
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What did Robert Kiyosaki's rich dad think was the hardest part of running a company?
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What is the main management skill needed for success, according to the text?
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The author's rich dad encouraged him to specialize in a specific field.
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What is the difference between the old defined benefit retirement plans and the new 401k plans, according to Craig S. Carpel?
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According to the author, the world is filled with talented poor people who are poor because of what they _______________________.
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Match the following phrases with their corresponding meanings:
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Why do many workers never get ahead, according to the author?
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The author's educated dad sided with the unions.
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The author advises people to take a long view of their life and take a second job that will teach them a _______________________.
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What did the young female reporter lack to become a best-selling author?
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Robert Kiyosaki's rich dad believed that specializing in a particular field was the key to success.
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What did Robert Kiyosaki's rich dad want him to learn from working in different areas of his companies?
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The hardest part of running a company is _______________.
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Match the following people with their corresponding actions:
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Why did Robert Kiyosaki's educated dad have a heart-to-heart talk with him?
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Robert Kiyosaki's rich dad thought it best to go broke before 40.
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What did the author's rich dad encourage him to do instead of specializing in one field?
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The author's educated dad believed that specializing in a particular field was the key to success.
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What are the three main management skills needed for success, according to the text?
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The author's rich dad advised him to groom himself in many areas of business, like many corporations groom their young bright employees to someday take over the _______________
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Match the following people with their corresponding actions:
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The author's educated dad believed in receiving money before giving.
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The rich often groom their children or the children of others by doing what?
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Why do talented people often remain poor, according to the author?
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Study Notes
The Importance of Learning
- The author's rich dad believed that learning is more important than job security, unlike the author's educated dad who valued job security above all.
- The author emphasizes the importance of continuous learning and acquiring new skills to achieve success.
The Story of the Young Writer
- A young female reporter from a Singapore newspaper interviewed the author, expressing her desire to become a best-selling author like him.
- The author suggested that she attend a sales training course to enhance her career, which she initially rejected due to her pride in having a master's degree in English literature.
- The author pointed out that being a best-selling author requires a combination of writing skills and sales skills.
The Power of Sales
- The author believes that sales skills are essential for achieving success, and that learning to sell can greatly enhance one's career.
- The author shares his own experience of learning to sell, which helped him overcome his fear and become a successful entrepreneur.
Financial Intelligence
- The author defines financial intelligence as a synergy of accounting, investing, marketing, and law.
- He emphasizes that having a combination of these skills can make it easier to make money with money.
The Limitations of Specialization
- The author argues that specializing in a particular field can limit one's potential, as it focuses on studying more and more about less and less.
- His rich dad encouraged him to learn a little about a lot, which helped him gain a broader understanding of business and entrepreneurship.
The Importance of Leadership
- The author's rich dad valued learning to lead men into dangerous situations, which is essential for running a company.
- The author emphasized the importance of leadership skills, which are crucial for success in business.
Personal Development
- The author shares his personal experiences of learning to overcome his fears and acquire new skills, such as sales and leadership.
- He emphasizes the importance of continuous learning and self-improvement to achieve success.### 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 Learning
- The author's rich dad believed that learning is more important than job security, unlike the author's educated dad who valued job security above all.
- The author emphasizes the importance of continuous learning and acquiring new skills to achieve success.
The Story of the Young Writer
- A young female reporter from a Singapore newspaper interviewed the author, expressing her desire to become a best-selling author like him.
- The author suggested that she attend a sales training course to enhance her career, which she initially rejected due to her pride in having a master's degree in English literature.
- The author pointed out that being a best-selling author requires a combination of writing skills and sales skills.
The Power of Sales
- The author believes that sales skills are essential for achieving success, and that learning to sell can greatly enhance one's career.
- The author shares his own experience of learning to sell, which helped him overcome his fear and become a successful entrepreneur.
Financial Intelligence
- The author defines financial intelligence as a synergy of accounting, investing, marketing, and law.
- He emphasizes that having a combination of these skills can make it easier to make money with money.
The Limitations of Specialization
- The author argues that specializing in a particular field can limit one's potential, as it focuses on studying more and more about less and less.
- His rich dad encouraged him to learn a little about a lot, which helped him gain a broader understanding of business and entrepreneurship.
The Importance of Leadership
- The author's rich dad valued learning to lead men into dangerous situations, which is essential for running a company.
- The author emphasized the importance of leadership skills, which are crucial for success in business.
Personal Development
- The author shares his personal experiences of learning to overcome his fears and acquire new skills, such as sales and leadership.
- He emphasizes the importance of continuous learning and self-improvement to achieve success.### 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
This quiz is based on the bestselling book 'Rich Dad, Poor Dad' which compares the mindset of the author's two dads, one rich and one poor, towards money and learning. The book highlights the importance of financial literacy and having a different perspective towards money. Take this quiz to test your understanding of the book's concepts.
