stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Rich Dad Poor Dad Flashcards | StudBud
Explore
/
Rich Dad Poor Dad
Rich Dad Poor Dad
17 terms
·
StudBud Administration
·
1,135 plays
Imported from external platform
Flashcards
17 cards
F
Practice quiz
P
Host live
L
Questions
17
Answers
1
When should a person buy luxuries?
When a person generates enough extra cash flow to pay for it
Whenever they want
Never
After they receive a paycheck
2
What are capital gains?
A raise
A profit from the sale of property or an investment
Knowing the capitals of the states
Getting a new job
3
Did Robert Kiyosaki follow the lessons of his rich dad or his poor dad?
Poor dad
Neither
Rich dad
Himself
4
What is the first lesson that Kiyosaki's rich dad taught him?
Go to the best college
The Rich Don't Work for Money
Read as many books as you can
Work hard
5
What is the third lesson?
Save all of your money
Steal money
Mind Your Own Business
Find a good and secure job
6
What is a liability?
Something that puts money in your pocket
A boss
Something that takes money out of your pocket
A bad job
7
What does it mean to be financially literate?
A salesman
A businessperson
To know how to read
Understanding money and how to read numbers
8
What is the second lesson?
Buy lottery tickets
Go to business school
Don't invest your money
Why Teach Financial Literacy?
9
What is an asset?
Money
A really good job
Something that takes money out of your pocket
Something that puts money in your pocket
10
How do rich people become rich?
Going to the best college
Winning the lottery
Building their asset columns to produce money
Getting a good job working for somebody
11
What is the sixth lesson?
Work to Learn - Don't Work for Money
Marry a rich person
Make friends with rich people
Don't pay your bills
12
What is an Income Statement?
All of the incomes of all of the employees in a business
Paycheck
Measures income and expenses
A piece of paper you must sign
13
What is the fourth lesson?
Don't work
Pay your taxes
The History of Taxes and the Power of Corporations
Buy luxuries
14
What is a Balance Sheet?
It is supposed to balance assets against liabilities
Pros and cons of a job
A paper with a balance on it
A balance of your income and expenses
15
What is the fifth lesson?
Take money from the poor
Always ask for a promotion
The Rich Invent Money
Work for a really smart person
16
What is a true luxury?
A reward for investing in and developing a real asset
Cars
Boat
Mansion
17
How can you start making more money?
Ask for a raise
Get a better job
Win the lottery
Awaken your financial genius, take action, and find ideas
