rich dad poor dad

Chapter 1 and 2 Guided Sheet Name:____________________ _ As you read Chapter 1 and 2, write down thoughts or actual advice from each dad. You will need to decide if it comes from the rich dad or the poor dad. There are many throughout this chapter, so you task is to find at least 8 form each dad. Rich Dad Poor Dad Chapter 3 Guided Sheet Name:____________________ _ What is rule #1? ________________________________________________________________ What is the definition of an asset, according to the rich dad? _____________________ __________________________________________________________________ ______________ What is the definition of a liability, according to the rich dad? ____________________ __________________________________________________________________ ______________ In your on words, explain the diagram on pages 60 and 61. What does it mean to be “financially literate”? ___________________________________ __________________________________________________________________ __________________________________________________________________ ____________________________ Look at the cash flow for the poor and middle class person on pages 62 and 63. What is the major difference between the two and the wealthy persons’ cash flow? __________________________________________________________________ __________________________________________________________________ ____________________________ There are four major differences between the educated dad’s financial statement and the rich dad’s financial statement. Look at the diagrams on pages 74 and 75. Explain the 4 differences in your won words and explain why the 4 boxes vary in size. (figures on pages 76 and 77 will help). Chapters 8 & 9 Guided Sheet Both of these chapters are about how do you actually become inspired to do something about improving your life and achieving the dream of financial independence. “Financial independence is how long could you live off of the income produced by your assets, not income from being an employee.” “Assets will feed you…liabilities will eat you.” “Acquire assets, not liabilities and you will become financially free (rich).” Kiyosaki 1. List the 5 reasons why financially literate people have difficulty overcoming obstacles. 1) __________________, 2) ____________________, 3) ___________________, 4) _________________, 5) ___________________. 2. Read the chapter and explain why these obstacles can keep intelligent people from obtaining their dreams. a. ___________________________________________________________ ___________________________________________________________ ___________________________________________________________ b. ___________________________________________________________ ___________________________________________________________ ___________________________________________________________ c. ___________________________________________________________ ___________________________________________________________ ___________________________________________________________ d. ___________________________________________________________ ___________________________________________________________ ___________________________________________________________ e. ___________________________________________________________ ___________________________________________________________ ___________________________________________________________ 3. Chapter 9 ~ Getting Started …lists 10 key points that will assist in getting you started. Select 3 of those points and explain how you will utilize them once you are a high school graduate to ensure you are on your way to true financial freedom. First restate the point and then how you will ensure this happens with specific examples. Begin the first one below and finish the other 2 on a separate piece of paper. a. ___________________________________________________________ ___________________________________________________________ ___________________________________________________________ ___________________________________________________________ ___________________________________________________________ ___________________________________________________________ ___________ Rich Dad, Poor Dad Final Report Briefly answer the questions below in writing. Choose chapters other than the chapters I have given you to do work for. (chapter 1,2,3,8, and 9) What are the 2 most important issues or points discussed in this book? (Remember that points can be “important” because you disagree, not always just because you agree!) Indicate the chapter in which the point arises, and how that point relates to the rest of the chapter. 1) Chapter #____________ The important point or argument made by the author in this chapter: Why is this important? How might you apply this idea or principle in your life? 2) Chapter #____________ The important point or argument made by the author in this chapter: Why is this important? How might you apply this idea or principle in your life? A Rich Dad, Poor Dad Review Reading and Writing for Financial Knowledge Project Instructions 1. Read Rich Dad, Poor Dad and take notes on the chapters that were not covered in the sheets in front of it. Chapter: Chapter: Chapter: Chapter: The B ~ D ~ A --- Strategy Worksheet Before 1. After doing a “picture/book walk”, list everything you know about this topic/book before reading. 2. Predict what you believe you will learn. Be prepared to share your findings. During 1. Label each chapter and briefly note new information you find during reading. 2. Place checkmarks in column one when you find confirmation of before predictions. After 1. Summarize the new information and write 10 questions to quiz other readers. 2. Also write down questions which need further clarification.