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Play CASHFLOW® Classic to Get Out of the Rat Race
This summary review of Cashflow Quadrant will help you to understand kvadarnt income and jump start you down the path to quit your job.
At the same time I started my business, I decided to invest in rental properties.
Employee —Desires job security, a steady paycheck, no financial risk, and the benefits provided by their jobs retirement, insurance, time off, sick days, etc. Now check your email to confirm your subscription. They desire to create a business that can run on its own without them. They desire to work less so they can spend their time however they want while not being tied down to a job.
The good news is, if you are starting in the Employee category you can move to any of the other quadrants at any given time. Sole Proprietor — Is their own boss and not be dependent upon other people for their financial security.
Business Owner — Starts businesses and hires employees to delegate as much as possible. It IS entirely possible to move from E to I very quickly. My first attempt at the right side of the quadrant was starting a retail business.
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Rich Dads Cashflow Quadrant Book Summary Review – Robert Kiyosaki
Because of the rental properties, I was able to make it through the hard times and I am continuing to invest in them today. If you fill this in, you will be marked as a spammer.
The rich focus the majority of their efforts on the Business and Investor side of the Cashflow Quadrant because that is where the real kvadeant and money is. 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. They desire independence and tend to be controlling, not trusting others to do the work as good as they can. They are both written by Robert Kiyosaki and go hand-in-hand together.
There are two books that I would recommend reading before you start investing. Left side of the Cashflow Quadrant: Right kvadramt of the Cashflow Quadrant: They focus on creating systems for the business to make money without them.
For a couple years it was doing well, I had a manager, employees, and I just managed the entire business while they did all the work.
The biggest take away that I caxhflow from this book was that I needed to move from the left side of the quadrant to the right side of the quadrant as fast as possible if I want to become wealthy.
They also pays the highest tax rate. 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.
When the economy took a downturn inmy business also declined and made it very hard to profit from it. Investor —Looks for ways to make their money, as well as the money of others work for them. Sense of entitlement is high with the employee and they trade hours for dollars.
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.