Robert Kiyosaki and the Cash Flow Quadrant
Posted on August 17, 2008
Filed Under personal development home business
Robert Kiyosaki has written many motivational books starting with Rich Dad Poor Dad. Rich Dad Poor Dad is the story of Robert’s two fathers. His “poor dad” was his biological father,”he struggled financially all his life”. And his “rich dad,” his best friend’s father who became “one of the richest man in Hawaii”. By contrasting his two Dads, Kiyosaki helps people rethink their idea of money and wealth building.
Although there is some controversy over whether Kiyosaki’s “Rich Dad” was real or whether he made it up, there are still some very valid concepts in his books. One of the most important is the Cashflow Quadrant which is also the name of the book written by Kiyosaki and Sharon Lechter. The Cashflow Quadrant shows the four ways to earn money. Employees, Self Employed/Small Business owners, Business owners (not directly involved in the day-to-day operation of the company), and Investors. Robert Kiyosaki’s philosophy for financial independence is that not all Quadrants are equal.
“That is why I did not want a job. If we were going to be responsible citizens, Kim and I wanted to have our money work for us rather than spend our lives physically working for money.”
Robert Kiyosaki in Cashflow Quadrant .
“You only have so many hours in a day and you can only work so hard. So why work hard for money? Learn to have money and people work hard for you, and you can be free to do the things that are important.”
Rich Dad in Cashflow Quadrant .
TAGS cash flow quadrant, financial independence, rich dad poor dad, small business owners, ways to earn money
Technorati Tags: Robert Kiyosaki, Rich Dad Poor Dad, Cashflow Quadrant
Comments
3 Responses to “Robert Kiyosaki and the Cash Flow Quadrant”
Leave a Reply
-
-
-
-
My blog is worth $26,533.38.
How much is your blog worth?
-
-
[…] Original post by trcoach […]
Tom -
I agree. I think a corollary to the above is that when you’re doing work you love, it doesn’t feel like “work” in the traditional sense. I read Rich Dad Poor Dad years ago, and while I didn’t agree with everything in it, I especially liked how he laid out very specifically what qualifies as an asset - it has to work and make money for you, or it’s not an asset. A nice simple rule to put everything in perspective.
Sid Savara’s last blog post..Leveraging Expertise - On The Shoulders Of Giants
Oh yes…Robert Kiyosaki inspired me to take charge of my own finances! Love his books and his cashflow game!
Evelyn Lim’s last blog post..10 Insights Into The Power Of Thoughts