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Cashflow Quadrant
ARE YOU
TIRED OF LIVING PAYCHECK TO PAYCHECK?
In the sequel to Rich Dad Poor
Dad, learn how the role you play in the business world affects your ability to
become financially free.
There are four types of people who make up the
world of business but it’s the business owners and the investors (not the
employees and the self-employed) who can create great wealth by accelerating
their cash flow through those assets.
A Wall Street Journal Bestseller,
Rich Dad’s CASHFLOW Quadrant is perfect for employees or self-employed
individuals interested in finding new ways to generate cash flow. If
you’re already a business owner or real estate investor, this book
delivers tools for even greater success.
Author: Robert T. Kiyosaki with
Sharon L. Lechter, CPA
ISBN: 09643856-2-7
Buy Cashflow
Quadrant
Book Description - Cashflow Quadrant
RICH
DAD'S CASHFLOW QUADRANT will reveal why some people work less, earn more, pay
less in taxes, and feel more financially secure than others. It is simply a
matter of knowing which quardrant to work from and when. Have you ever
wondered... *What is the difference between an employee and a business owner?
*Why do some investors make money with little risk while most other investors
just break even? *Why do most employees go from job to job while others quit
their jobs and go on to build business empires? *Why, in the Industrial Age,
did most parents want their children to become meddical doctors, accountants,
or attorneys... and why, in the Information Age, are these professions under
financial attack? Have you noticed that many of the brightest graduates from
our universities want to work for college dropouts...dropouts such as Bill
Gates, Richard Branson, Michael Dell and Ted Turner? Dropouts who today are the
mega-rich of society.
Synopsis
Outlines a strategy for
attaining wealth by looking for business opportunities and investing wisely,
rather than seeking security through employment.
Get out of the Rat
Race and change your life in the process., September 20, 2000
Reviewer:
A reader from Oxford, England
This is no 'get rich quick manual', and
is all the better for it - but it will shift the paradigms of what has become,
for most of us, the conventional view of work and money. Written in a similar
style to the 'one minute manager' series of books is perhaps the only downside
of this wonderful volume. The message is essentially simple and illustrated
well by examples and diagrams. If you want to become finacially free and
actually have your money work for YOU and not the bank, mortgage lender, or
tax-man then invest in buying the book and the time to read it. Then begin the
journey to financial freedom. The important points are periodically repeated so
as to re-affirm the knowledge, which I think is good for any reader at any
level. There are 'get out clauses' that allow the reader to finish the book
early if they don't think the philosophy will suit them and so not waste their
time. I challenge any one to put the book the book down before the last
page!
Simply the best financial book I've EVER read!, March 26,
1999
At the age of nine, I read "Think and Grow Rich." Since then,
I've read MANY books on finances. But only this one has actually changed my
life. Wow! Now, in my humble opinion, this work could have been written
slightly more concisely. The content seems to become redundant near the end of
the first third of the book. However, three-fifths of the way through, the pace
picks up again and continues to escalate all the way to the end. Having said
that, the actual information contained in this book is priceless and peerless.
It's changed my entire way of thinking about life. I repeat "LIFE!" I'm an
African-American and this book has shed a whole new light on how to abolish
racism. Mr. Kiyosaki's financial "philosophy," if you will, implies a
multiplicity of ramifications. If you have ever felt that college left you
unprepared for the REAL world, read this book and you will understand precisely
why. Invest in your future. Invest in your freedom. Buy this book!
If
You Liked Rich Dad, Poor Dad, You Must Read This One!, May 20, 2004
Reviewer: Donald Mitchell from a happy Patriots fan in Boston
Repetition is the source of mastery, and The Cash Flow Quadrant takes
the excellent thinking in Rich Dad, Poor Dad and builds to another level of
detail. This information will increase what you learned in Rich Dad, Poor Dad
and help you begin the transformation from a salaried or self-employed person
into a business owner and investor.
The definitions of these four
quadrants are important. As an employee, you have a job. As a self-employed
person, you own a job. As a business owner you have a system (such as a
franchise like McDonald's) that produces cash flow for you and others work for
you. As an investor, your money works for you. Rich people are getting more
than 70 percent of their cash flow and income by having money work for
them.
One of the strengths of the book is that it deals with the subtle
psychological differences among people in the four different quadrants,
especially on subjects like security and freedom. Kiyosaki and Lechter then do
a nice job of helping you understand the difference between risky and taking
risk. The latter is a good idea, when you know what you are doing, and the
former is always to be avoided.
The book is not dogmatic, pointing out
that good results can be reached in a variety of ways. You have to decide which
ones are right for you. In general, you are encouraged to move from the
employee and self-employed side for your income to the business owner and
investor side. Then, take your cash flow and expand it into
investments.
Another of the strengths of the book is to make it clearer
what the advantages of income property are. In these home-purchasing crazed
days, many are looking only to buy homes and missing good commercial property
opportunities. There are lots of good questions you can use to help frame your
road through the cash flow quadant. At a minimum, you will become much more
financially literate. With the help of the 7 steps here for making the
necessary changes, you should begin to make the transition.
The book
has a nice conversational tone that turns personal economics into common sense
examples and principles. The downside of any book about changing your life is
that you can read it much faster than you can master the lessons and apply
them. I suggest that you schedule time to reread this book over the next 10
years. That's the best way to check up on yourself and how you are doing. I do
recommend that you read Rich Dad, Poor Dad first. You'll get much more out of
this book if you do that. Then you'll begin to see opportunities where others
see difficulties. Good luck with fulfilling your goals!
Repetitive
and simple . . . but that's what makes it good., October 24, 2001
Reviewer: A reader from Denmark
Like the book before it and the
ones following, this book is written in a very simple and repetitive fashion.
Often the same quotes and statements are reused just pages apart. However, I
believe that's exactly what makes it good, for the simple reason that getting
rich is not simple, is a long process, and with no sensible short cuts. It
requires a solid foundation based on the right sort of intelligence - and
that's what this series of books drums into the reader. Furthermore, the fact
that there is simply so much to read (if you read the series), gives you the
opportunity to digest all the lessons before leaping into action with too much
hast
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Cashflow Quadrant |
