Rich Dad's Cashflow Quadrant By Robert T. Kiyosaki Online
Do you have a Backup plan?Do you have a source of income other than your current 9 to 5? Throughout Cashflow Quadrant, Kyosaki describes the many advantages and disadvantages of these fours types of income generation but demonstrates how the methods on the right side of the quadrant (Business owner and Investor) offer the best opportunities for financial freedom. This, in Kiyosaki's definition, is someone who owns a business that doesn't need them to actually physically be there every day to run it. With B the person cashflow quadrant robert Kiyosaki who owns a business makes money off of the work of others, the E people, and is able to develop passive income that is not tied to their daily efforts.
Robert Kiyosaki believes that the home based business and multi level marketing business model is totally misunderstood and not taken serious enough, in our time the 21st century multi level marketing is the perfect opportunity to start your own business for even under $500. This concept is so important and fundamental that I believe every doctor needs to read and understand it as much as possible (for more detail, check out his book, the Cash Flow Quadrant ). But since none of us have much free time, let me break down a quick summary for you.
In order to understand the different reactions my rich and my poor dad had, you need to understand that there are two categories of people in the world, those who see the world through the left side of Rich Dad's CASHFLOW Quadrant and those who see it through the right side. If you have no time to read through the whole book, just study the Cashflow Quadrant (illustrated square) and remember that you need to find a way to get out of the left side of the square and plant yourself immovably on the right side, where all the fun and the action is. The prolific writer and financial guru, best known as the brains behind the influential book Rich Dad Poor Dad, Robert Kiyosaki has created a system that's easy to follow for all the financially challenged people in the world (and there's a lot of them!) who've unleashed their consumer greed and are now broke.
Of course there will always be haters who remain skeptical of Kiyosaki's claims about his rich dad, which they argue is merely a non-existent trope. Every time you owe somebody money, you become and employee of their money. Know the core differences that cause people to seek different quadrants. Nobody is saying better than Robert Kiyosaki that financial education is absolute necessary for would be entrepreneurs, investors and everybody with high school. Investors use their money as their employees. That's probably the biggest difference between being self-employed and being a business owner.
Each of us resides in at least one of the four sections of the Cashflow Quadrant. The Cashflow Quadrant® is a simple diagram created by Robert Kiyosaki, author of Rich Dad Poor Dad, that shows the four different people, or mindsets, that make up the business world. It's time to evaluate whether I intend to stay in the E (Employee) quadrant, or move to the B (Business Owner) or I (Investor) quadrants. You've probably heard of Robert Kiyosaki before: he is one of the most influential business authors today and is best known for his Rich Dad book series, including his 1997 bestseller Rich Dad Poor Dad. People in the S quadrant are doctors, lawyers, dentists, accountants, and other service-based businesses and consultants. For Investors, free cash flow represents that amount of capital your business can distribute among stakeholders. In the E quadrant it is possible to earn a very high income but you give up your choice of when to have free time.