ROBERT KIYOSAKI’S CASH FLOW QUADRANT

Robert Kiyosaki is undoubtedly one of this era’s best known authors on personal finance. His Rich Dad series have released the mental shackles most people were through. From Rich Dad, Poor Dad, Cash Flow Quadrants, Retire Young, Retire Rich etc. You find timeless wealth creation principles and information that would challenge your mindset. I gave my book, Retire Young ,Retire Rich to a friend last week and just two days ago, she called me and begun quoting some portions of the book to moi.Isn’t it impressive? Today, I share with you some of the many gems gleaned from this book, Cash flow Quadrant. Enjoy

• It does not take money nor a good formal education to achieve financial freedom Most of these wealthy men do not have college degrees or are perhaps college drop outs: Thomas Edison founder of General Electric, Henry Ford founder of Ford Motors, Bill Gate of Microsoft, Ted Turner of CNN, Michael Dell of Dell Computer, Steve Jobs founder of Apple and Ralph Lauren founder of polo. 

• It takes a dream a lot of determination, a willingness to learn quickly, and the ability to use your God-given assets properly and to know which sector of the cash flow quadrant to generate your income from.

• More than anything, it is the internal difference of our core values, strengths, weaknesses and interest that affect which quadrant we decide to generate our income from. Some people love being employees while others hate it. Certain people love investing, while others only see the risk of losing money. Most of us are a little of each of these characters being successful in the four quadrants often means redirection some internal core values.

• Money is important; yet do not spend your life working for it.

• Rich dad thought that it is foolish to spend your life working for money and to pretend that money was not important.

• Learn to have money and people work hard for you, and you can be free to do the things that are important.

• There is a difference between being rich and being wealthy. The definition of wealth is the number of day you can survive, without physically working and still maintain your standard of loving, wealth is measured it time not dollars or cedis.

• Ultimately it is not how much money you make that matters, but how much money you keep and how long that money works for you. Every day I meet many people who make a lot of money, but all of their money goes out the expense column.

• The idea of go to school and get a safe secure job was a good idea for people born before 1930 today everyone needs to go to school to learn to get a good job, but we also need to know how to invest ,and investing is not a subject taught in school.

• People who take risks change the world. Few people ever get rich without taking risks.

• Financial freedom might be free, but it does not come cheap. Freedom has a price; freedom’s price is measured in dreams, desires and the ability to overcome.

• Even if you do not have much money it is important to invest in your education for when the changes come, you will be better prepared for them. The game and rules are different for each of the quadrants … which is why I recommend education over ego.

• Knowledge is power all you have to do is wait for the opportunity to use the knowledge and then you will have the money.

WHAT NEXT?

Share with me any of the lessons you have picked out from Rich Dad's Book, would love to learn from you.