Jorge Soto | Rich Dad, Poor Dad (ONLINE) v1 | Completed 10/4/2012 4:00 PM | 30/56 (54%)

Student's Answer a Correct r Incorrect = Partial Credit

 Jorge Soto | Rich Dad, Poor Dad (ONLINE) v1 | Completed 10/4/2012 4:00 PM | 30/56 (54%)
Please match the statement on the left with
r1) e a Job provides income ->
expenses: asset (none),
liability (none)
a2) b b Job provides income ->
expenses: asset (none),
liability (mortgage,
consumer loans, credit
cards)
r3) d c Assets (stocks, bonds,
notes, real estate,
intellectual property) ->
income (dividends, interest,
rental income, royalties):
liabilities (none)
r4) g d Income -> assets -> more
income ; expenses are low,
liabilities are low
r5) a e Income goes up, expenses
go up; assets do not
increase, liabilities do
increase
r6) o f income = work for owner;
expense = work for
government; asset =
(none); liability = work for
bank
r7) i g Person´s ability to survive
so many number of days
forward without working
r8) g h Your profession -> your
income
r9) y i Your assets -> your income
a10) j j Just over broke
r11) t k Nine out of Ten in ten years
a12) l l Income tax made
permanent in England
r13) t m Income tax made
permanent in the United
States
a14) n n Ability to read and
understand financial
statements
a15) o o The science of money
making money
r16) k p The science of supply and
demand
the best corresponding concept on the right
a) Cash flow of a poor person
b) Cash flow of a middle class person
c) Cash flow of a wealthy person
d) Why the rich get richer
e) Why the middle class struggle
f) An employee who is also a homeowner
g) Wealth
h) most people
i) the rich
j) Job
k) Odds of new companies to fail
l) 1874
m) 1913
n) financial literacy
o) Investing
p) Understanding markets
q) The law
r) Tax advantages
s) Protection from lawsuits
t) Old ideas
u) Rat race
v) Main management skills needed for
success
w) Five obstacles to become financially
independent
x) Winning
y) I don´t wants...
z) By being a little greedy
aa) Motivation
ab) Arrogance
ac) Management skills necessary to start
your own business
.
 Jorge Soto | Rich Dad, Poor Dad (ONLINE) v1 | Completed 10/4/2012 4:00 PM | 30/56 (54%)
Please select which of the two following statements relates better to the statement

a30) Lesson No 1
a) The poor and the middle class work for money
.
b) The rich have money work for them

a31) Better conception for money

a) Money doesn´t matter
.
b) Money is power

a32) Better financial management

a) My house is a liability, and if your house is your largest investment,
you´re in trouble
.
b) Our home is our largest investment and our greatest asset

a33) Risk management optimum

a) Learn to manage risks
.
b) When it comes to money, play it safe, don´t take risks

a34) Better future for the family

a) The reason I must be reach is because I have my kids
.
b) The reason I am not rich is because I have my kids

a35) Better opportunities

a) Study hard so you can find a good company to work for
.
b) Study hard so you can find a good company to buy

a36) Better financial choice

a) I can´t afford it
.
b) How can I afford it

a37) The trap is caused by two emotions

a) fear and desire
.
b) greed and happiness

a38) Better financial health

a) The love of money is the root of all evil
.
b) The lack of money root of all evil

a39) Rich people

a) acquire assets
.
b) acquire liabilities
 Jorge Soto | Rich Dad, Poor Dad (ONLINE) v1 | Completed 10/4/2012 4:00 PM | 30/56 (54%)
a40) if you want to be rich
a) You need to be financially literate
.
b) You need to be economically powerful

r41) Financial key in life is

a) How much money you make
.
b) How much money you keep

a42) Retirement should be

a) not working at all and see wealth growing automatically
.
b) not working and staying under inflation

a43) School is
a) the end
.
b) the beginning

r44) Financial aptitude is

a) to know how to make money
.
b) to know how to spend money

r45) Laziness is
a) I can´t afford it
.
b) How can I afford it

a46) An asset is
a) something that takes money out of your pocket
.
b) something that puts money in your pocket
 Jorge Soto | Rich Dad, Poor Dad (ONLINE) v1 | Completed 10/4/2012 4:00 PM | 30/56 (54%)
Please match the statement on the left with the statement on the right
r47) h a I need a reason greater than a) The power of spirit
reality b) The power of choice
a48) b b I choose daily c) The power of association
a49) c c Choose friends carefully d) The power of learning quickly
a50) d d Master a formula and then e) The power of self-discipline
learn a new on f) The power of good advice
r51) j e Pay yourself first g) The power of getting something for
a52) f f Pay your brokers well nothing
a53) g g Be an indian giver h) The power of focus
r54) e h Assets buy luxuries i) The power of myth
a55) i i The need for heroes j) The power of giving
.

r56) a j Teach and you shall receive

.