Rich Dad’s CASHFLOW Quadrant: Rich Dad’s Guide to Financial Freedom [ Robert T. Kiyosaki] on *FREE* shipping on qualifying offers. Learning doesn’t just happen in a classroom or from a book. Inject some real fun into learning about money and investing. Play the CASHFLOW Classic game.
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When the economy took a downturn inmy business also declined and made it very hard to profit from kiyodaki. This summary review of Cashflow Quadrant will help you to understand passive income and jump start you down the path to quit your job.
If you fill this in, you will be marked as a spammer. Business Owner — Starts businesses and hires employees to delegate as much as possible. We use this field to detect spam bots. Escapes high taxes by deferring their taxes to a future date or utilizes the IRS rules to pay the lowest tax rate of all the other groups. Now check your email to confirm your subscription. The good news is, if you are starting in the Employee category you can move to any of the other cashfloq at any given time.
They focus on creating systems for the business to make money without them. There was an error submitting your subscription.
The biggest take away that I had from this book was that I needed to move from the left side of the quadrant to the right kuyosaki of the quadrant as fast as possible if I want to become wealthy. There are two books that I would recommend reading before you start investing.
Rich Dads Cashflow Quadrant Book Summary Review – Robert Kiyosaki
It IS entirely possible to move from E to I very quickly. Employee —Desires job security, a steady paycheck, no financial risk, and the benefits provided by their jobs retirement, insurance, time off, sick days, etc. These include doctors, lawyers, and anyone who is self-employed.
They are both written by Robert Kiyosaki and go hand-in-hand together. I learned that the only way to really become wealthy is by having my money work for me rather than the work for my money. Left side of the Cashflow Quadrant: After a few more years I decided to sell the business to someone who was going to be an owner operator which is what the business needed.
At the same time I started my business, I decided to invest in rental properties. Right side of the Cashflow Quadrant: Sole Proprietor — Is their own boss and not be dependent upon other people for their financial security.
Play CASHFLOW® Classic to Get Out of the Rat Race
Sense of entitlement is high with the employee and they trade hours for dollars. For a couple years it was doing well, I had a kiyoeaki, employees, and I just managed the entire business while they did all the work. They also pays the highest tax rate. They desire to work less so they can spend their time however they want while not being tied down to a job. Investor —Looks for ways to make their money, as well as the money of others work for them.
The rich focus the majority of their efforts on the Business and Investor side of the Cashflow Quadrant because that is where the real wealth and money is.
They desire to create a business that can run on its own without them. They desire independence and tend to be controlling, not trusting others to do the work as good as they can. My first attempt at the right side of the quadrant was starting a retail business.
Because of the kvaerant properties, I was able to make cashfliw through the hard times and I am continuing to invest in them today.