Be an Entrepreneur: The Rich Dad, Poor Dad Philosophy

Rich Dad, Poor Dad by Rober T. Kiyosaki

Rich Dad, Poor Dad


A bestseller in the field of entrepreneurship and business books. This is probably the best book to learn why entrepreneurship can change your whole life.

Robert Kiyosaki shares his story of success which can also be a parable to all aspiring entrepreneurs. Employment can give you benefits, a good salary and also job security but the problem is you would be stuck in the "rat race" your whole life.

According to the book, being in the "rat race" makes you live the same cycle over and over again: Study hard, get good grades and look for a good job. This may have been effective in the old days, but now everything's fast-paced and if we don't catch up, we lose everything.

This is the reason why you should be an entrepreneur. Instead of inflation affecting your expenses, owning a business adjusts to inflation. Instead of paying taxes from your salary, business tax could cost you less. Instead of working hard and earning active income, work less and earn passive income.


About the Author


Robert Kiyosaki is a genius and a great teacher to those who want to be an entrepreneur. A lot of successful entrepreneurs got out of the "rat race" because of him. You will learn a lot on how to make your fortune building up your asset column through passive income assets such as royalties, rent from real estate, businesses, stocks and bonds etc.

He also explains why it is not wise to invest more in your liabilities such as your home, car and other luxuries. He is a really good teacher and advocate of entrepreneurship. His books are written in a way that anyone could understand and easily apply the lessons he teaches.

I, myself, have learned a lot in reading his books. As an entrepreneur, I believe that listening to the advice of successful entrepreneurs will be a factor in succeeding. Let's not be employees forever, trapped in the "rat race" where our income increases as much as our expenses do. Learn more on how to be an entrepreneur and increase your financial IQ with Robert Kiyosaki's books.


Consider these as investments and I guarantee you that success would follow. You have nothing to lose, grab your copy as soon as possible. This is a book that every entrepreneur needs to read!



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Terms and definitions

Rat race - A cycle where most of the poor and middle class are stuck in. Study hard, get good grades and look for a good job.
Inflation - An increase in the prices of products and services due to more money circulating in the system.
Assets - Things that put money in your pocket.
Liabilities - Things that put money out of your pocket.
Financial IQ - Knowledge and capability of reading and creating financial statements. Also understanding how money works.

Manila Start-up Week: Meet Successful Entrepreneurs in Manila

It's official! The Manila Start-up Week will be held next week, May 18-22, 2015. This is a great opportunity for aspiring entrepreneurs, successful entrepreneurs and anyone who wants to learn the trade to learn more about starting a business. Entrepreneurs, founders, mentors, investors, students, and experts will be present the whole week to interact with one another.

If you have been dreaming to be an entrepreneur, then you should invest in events that would build your knowledge in the industry of business. What's good about the Manila Start-up Week is that MOST OF THE PROGRAMS ARE FREE! There will just be limited seats offered and that's one reason why you should reserve yours right away.


Why should you participate?

1. Well, it's free!
2. You get to learn a lot from successful entrepreneurs and start-up founders.
3. It will help you be an entrepreneur, maybe even a very successful one.
4. This only happens once in a year.
5. You've got nothing to lose and a whole lot to gain.
6. Meet Filipinos who share the same dream as you.

Don't miss out on this once-in-a-year opportunity! It will be a great platform for learning and expanding your network. Remember, being successful is way easier with a lot of connections and people who are willing to help you succeed. You need not to be afraid when you have people to guide and support you. Join the Manila Start-up Week now!


Click on the link below:

Schedule your week at the Manila Start-up Week

Visit the website:

http://manila.startupweek.co/



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Terms and definitions:

Manila Start-up Week - A once in a year opportunity to meet entrepreneurs, investors and mentors and also learn from different successful entrepreneurs as they share their secrets.

Filipinos are Natural Entrepreneurs

Successful entrepreneurs are not a businessmen; as most people would think so. Businessmen own several businesses which were not necessarily started by him but if it were, they would not be unique ideas. Businessmen are excellent at managing businesses.

Successful entrepreneurs, on the other hand, is a person who innovates or thinks of ideas and solutions to our everyday problems. These ideas are then turned into business ventures where an entrepreneur generates profit and at the same time solves an everyday problem in the society. The world's most successful entrepreneurs are the world's best problem-solvers.

Why entrepreneurship? Simply because we, successful entrepreneurs, can change the world for the better! That is why I chose to be an entrepreneur and right now I hope you make the right decision too.


We Filipinos are successful entrepreneurs


If you want to be an entrepreneur, it is not that complicated. We, Filipinos, are naturally inclined to be successful entrepreneurs. I am still amazed by how street vendors, who have little to no training to be an entrepreneur, are able to cope up with the consumer's demands. When I as a kid, the street vendors only sold fish balls, taho, kwek-kwek, isaw, dirty ice cream, mani such. (They still exist until now.)

In high school, I ran a baller band business with some of my classmates. You may remember those rubber wrist bands with different texts and colors? Well, we produced 1-inch versions of them. We ordered in bulk per design and it cost us like P30 a piece. But the market price was at P150. A P120 profit per baller! The industry rocketed sky-high for a whole year and we were able to earn ourselves a great profit. Then, we started seeing imitations of our designs in the street for only P50. Well, the street vendors started monopolizing the industry until it fell.

In college, there would be new products sold by street vendors every year. Japanese cakes where already existing but someone thought of putting an oreo inside the cake, it boomed for almost a year.

Then, street vendors started selling candy in their mini "Candy Corner" carts. Well of course, students in my university liked the idea of a cheap "Candy Corner" in the streets.

Then came, piayas which were good by the way. As usual, the students would swarm around something new in the streets.

Notice the pattern? These ideas may not be new but what makes them unique is that they are sold in the street; convenient and cheaper prices for the consumers. It is easy for us, Filipinos to spot opportunities and take advantage of them. That is why you are a natural entrepreneur! 

I hope I have answered any questions in your mind about entrepreneurship especially the question: "Why entrepreneurship?" Today is the latest time to be an entrepreneur! Who knows, you might even become one of the world's most successful entrepreneurs.

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Terms and definitions

Consumer's demands - These are what the customers want.

Market price - Price the product is being sold in the market. (Value in the market)

Monopolizing - Taking control of the market; buyers only buy from you.

The "Be an Entrepreneur" Advocacy

Hi guys! This blog was created for the purpose of educating Filipinos about entrepreneurship. Entrepreneurship is an underestimated and often avoided topic.

Most Filipinos would rather talk about politics, social networking sites, current events, fashion trends, and the latest gadgets in daily conversations. Truth be told, Filipinos are capable of being the best entrepreneurs in Asia! Maybe even in the whole world!



The Filipino mindset

But why do Filipinos shove away the idea of becoming an entrepreneur? Simple, income security. Since we all live in a third-world country we all know how valuable money is in our daily lives. We need money to eat, to go from one place to another, to use our cellphones, to access the internet and even drinking water costs money. More than three-quarters of our population have financial problems and money is too valuable for them to put at risk. Yes, risk. We often associate entrepreneurship and business with risk. But successful entrepreneurs prove otherwise.

A risk or not? 

This is why most Filipinos would prefer to get a stable income by working as an employee. Even today, employees are paid at minimum wage and rather than "risking" their money in business Filipinos would use their money for necessities and wants. In my previous experiences and those of successful entrepreneurs, business does not equate to risk. Risk is greatly reduced by studying the industry of your business, your target market and your product/service. The more you know, the less risk you have.

Why entrepreneurship? Well, there are a lot of reasons and I believe you would enjoy the benefits if you want to be an entrepreneur. I will explain further the basic terms and principles used in business and entrepreneurship and also write guides on how to be an entrepreneur and be part of the country's most successful entrepreneurs in this blog.

Keep in touch!

Terms and definitions

Entrepreneurship - The process of generating an idea and turning that idea into a profitable business.

Industry - Group of business that have related products and services.
Target market - Group of people you are trying to sell your product to.