It will open your eyes to the truth about how the wealthy think and better position you to enter the right side of the quadrant. The Cash Flow Quadrant is a book that you must have on your bookshelf if you’re serious about financial freedom. Read the fine print, negotiate and get yourself the best deal! Final Words Why would he enter a deal where he was losing? His rich dad helped him restructure the deal and he ended up earning $60 per month from the investment. Also, the tax-break argument made no sense. He thought he was losing $100 per month but his rich dad glanced at the contract and surmised that he would be losing $150. Excited about this seemingly great deal, Kiyosaki went to his rich dad to tell him all about it. The realtor pitched this loss as a way for him to get a tax break. Initially, the deal was structured in a ways that would result in him losing $100 per month. Kiyosaki was going to buy his first investment property. Sure, you should use other people’s money to make money but you have to think logically about the deals that you’re making. Any financial or business negotiation you enter should be structured so that you aren’t on the losing end drowning in debt that you can’t manage. Here, we will discuss the book Cashflow Quadrant by Robert T Kiyosaki. Risk is a fundamental principle of the right side of the quadrant.īanks generate wealth by keeping people in debt. 1598 50 OFF Do you also need to work every day to earn money Do you also want to make more money with little or no work And are you ready to improve yourself and your way of working to become rich If yes, stay tuned this read will benefit you. You have to learn the rules of the game before you can play it.Ģ. Therefore, to truly benefit from the investor quadrant you must think like an investor. Many of us blindly trust the advice offered by financial advisers who, more often than not, are either employees or self-employed and don’t truly understand the world of investing they’re just paid to offer you advice. They seize opportunities and make decisions influenced by logic instead of emotions. Business owners don’t spend their lives killing themselves with work and reaping little or no rewards. He makes money in his sleep!Ĭreating a business system requires you to think like a business owner you have to be before you can have. Kiyosaki has created several systems in his lifetime, but his biggest successes have been with real estate and the creation of his financial education company. The system works for them to produce money. I must go to university, get the highest possible degree and get a good job.īusiness owners create systems that generate income without them having to work in the system on a daily basis.I must work extremely hard to generate wealth.Employees and self-employed business owners, however, tend to have a limited mindset filled with fallacies such as: It’s possible to operate in two or more segments of the quadrant but the real wealth comes from the B and I side. You can keep your boardrooms, private jets and oilfields, thank you.Image Source: Christina Littlejohn on Pinterestįinancial freedom comes through moving from the left side of the quadrant, where you’re either an employee or self-employed, to the right side of the quadrant where you’re either a business owner or investor. For me, I just want to be financially free to live a simple life. It might suit ambitious, ruthless, executive types whose only ambition in life is to earn a lot of money for money's sake without a care as to who or what it hurts, or the environmental consequences. Most of the assumptions about income, tax, benefits, political situation. I'm going to stop now, it's wasting my time - I've work to do! Part of the problem I have with the book is that it's primarily geared towards Americans. The author thinks that to be self-employed is worthless and somewhat pathetic, unless you have a business employing at least 500 people. It might or might not be possible to reach such 'heights'. I have never aspired to that level of wheeler-dealing, and I would rather die than be that kind of person. But after listening to this book I realise I honestly, truly do not want to be 'rich', in the sense the author means. Yes, I would like to be more financially secure. The world described in this book - a world the author believes everyone should aspire to - is not a world I wish to live in.
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