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Rich Dads Cashflow Quadrant Book Summary
Business Owner — Starts businesses and hires employees to delegate as much as possible. We use this field to detect spam bots.
Right side of the Cashflow Quadrant: Employee —Desires job security, a steady paycheck, no financial risk, and the benefits provided by their jobs retirement, insurance, time off, sick days, etc. These include doctors, lawyers, and anyone who is self-employed.
Rich Dads Cashflow Quadrant Book Summary Review – Robert Kiyosaki
Left side of the Cashflow Quadrant: The biggest take away that I had from this book was that I needed to move from the left side of the quadrant to the right side of the quadrant as fast as possible if I want to become wealthy. Now kvadrrant your email to confirm your subscription.
When the economy took a downturn inmy business also declined and made it very hard to profit from it. They desire independence and tend to be controlling, not trusting others to do the work as good as they can.
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The rich focus the majority of their efforts on the Business and Investor side of the Cashflow Quadrant kiyoskai that is where the real wealth and money is. For a couple years it was doing well, I had a manager, employees, and I just managed the entire business while they did all kvadraht work.
Because of the rental properties, I was able to make it through the hard times and I csshflow continuing to invest in them today. My first attempt at the right side of the quadrant was starting a retail business. The good news is, if you are starting in the Employee category you can move to any of the other quadrants at any given time. Escapes high taxes by deferring their taxes to a future date or utilizes the IRS rules to pay the lowest tax rate of all the other groups.
Sole Proprietor — Is their own boss and not be dependent upon other people for their financial security. They also pays the highest tax rate.
At the same time I started my business, I decided to invest in rental properties. They desire to work less so they can spend their time however they want while not being tied down to a job. They are both written by Robert Kiyosaki and go hand-in-hand together. They desire to create a business that can run on its own without them. Sense of entitlement is high with the employee and they trade hours for dollars.
This summary review of Cashflow Quadrant will help you to understand passive income and jump start you down the path to quit your job.
I learned that the only way to really become wealthy is by having my money work for me rather than the work for my money. It IS entirely possible to move from E to I very quickly. They focus on creating systems for the business to make money cahflow them. If you fill this in, you will be marked as a spammer.
Investor —Looks for ways to make their money, as well as the money of others work for them. After a few more years I decided to sell the business to someone who was going to be an owner operator which is what the business needed. There was an error submitting your subscription. There are two books that I would recommend reading before you start investing.