Maculbe, Mariel Mae A.

I. Entrepreneurship

Entrepreneurship is engaging into something that can gain money. Anything that
involves getting income and money is entrepreneurship.

Ii. Who can become an entrepreneur

Everyone can become an entrepreneur but necessary skills are needed to become a
successful entrepreneur.

III. Rich Dads Cash Flow Diagram

A. Financial intelligence is determined not so much and how much money you
make, but how much money you keep, how hard that money works for you and how
many generations you can keep
- This phrase seemed to imply that having a lot of money cannot be equated to
financial intelligence. Also, being good with money is not enough. Financial
intelligence requires people skills. Financial intelligence is how you manage
people and money to work for you.

B. Thinking is the hardest work there is. That is why so few people engage in it

- Most people refused to think. Most people are contended with what they see and
what they have today and does not really think about something new and does not
even wondered about the things around. It is tiring especially If you dont know
what to think about. Especially if you are uneducated and people seemed to look
at you as someone who can cannot think and you believed them. Ford, hired smart
people to do the things he cannot do so that he can think. And that strategy was
also because he thought of it. He is successful because he is always thinking!
C. To be successful as an investor o a business owner, you have to be emotionally
neutral to winning and losing. Winning and losing are just part of the game

- This is because of RISK. Attaining success has a lot o risks and this is why one
should accept the fact that there are winning and losing times. One should be
neutral, because if you re so attached to winning and then you lose, you might
really lose everything. Or if you are too attached to losing, you will never have
the courage to push more to win because you are stuck with the thinking that
youll just lose anyway.

D. When the fear o losing money and failing becomes too painful inside, a fear we
both have, he chooses to seek security and I choose to seek freedom.

-Choices depend on a persons core. Those who are coward, they prefer to be
secured than to experience the pain of losing again. While those who have
stronger wills than their fears, they become successful in attaining freedom. They
are ready to feel pain again to reach that point where they can attain freedom from
the fear of losing.

E. Cash Flow Diagram

E- Employees, B- Business owners

contended with Take risks, manages
financial security, people to work for
afraid of risks them

S- Self- Employed, I- Investors

do things on their
own, will work Money works for
harder as time
them
progresses
F. People choose security over financial freedom because most people are afraid of
taking risks. Most people prefer the traditional age, go to school, get a job and retire.
They are afraid of losing.