1/3/2023 0 Comments Cashflow rich dad poor dad bgg![]() ![]() It changes the way you think about money and opens your eyes to possibilites. #Cashflow rich dad poor dad bgg how to#It will not give you specific details of how to make those changes. Read this if you believe that all it takes to make money is some magic beans and a map to the giants house.moreįor those of you who want to take control of your financial future, I recommend the Rich Dad, Poor Dad books. He has done a really good job at selling snake oil through his books though, so I suppose you have to hand him that. But that seems to have convinced him that he had some magic formula to success no one else had thought of. From what I can garner (and it's hard because there are few if any facts to go off in the book) he made his money n the real estate boom in the US. Read this if you believe that all it takes It's a masterpiece of saying nothing but sounding very knowledgeable while you do so. It's a masterpiece of saying nothing but sounding very knowledgeable while you do so. If you are not interested and what I just wrote seems like a conspiracy or the rantings of a person jaded by unemployment you wouldn't make it through and this book may anger you. ![]() Kiyosaki speaks of creating a system that will continuously grow and can run in your absence. This is a very simple break down of a book that I would HIGHLY recommend to anybody interested in owning their own company through the creation of a system and investing. Kiyosaki is methodical and slow in his approach and encourages people to keep their jobs while they take "baby steps" towards the B and I quadrants. This book is a learning tool for those of us interested in moving from the left side to the right side of the quadrant. #Cashflow rich dad poor dad bgg free#Business owners and investors enjoy tax breaks, are seen as visionaries and risk takers and when success comes they are the people who enjoy more free time. People on the "right side" of the quadrant are not concerned with security and are interested in creating income both as a business owner and investor. Again, many people choose this route because they feel secure in the fact that they know where their next paycheck is coming from. The problem with this success is that the more success you encounter the less personal time you have and the harder you have to work. (doctors, lawyers, dentists, etc.) People on the left side of the quadrant can, and some do, make a lot of money and are very successful. Kiyosaki believes strongly in the fact that if you are an E or an S you play an old game that makes sense for governments and business owners because you pay the highest amount of taxes and build large amounts of debt thinking that by doing that you are avoiding taxes through credits or refunds.The left side of the quadrant works the hardest, and is obsessed with going to school to find a job and maintain their "security." Those who would be considered an S are people who are self employed and lose their income when they are not at work. Many distinctions are drawn in regards to the "left side" and the "right side" of the quadrant and what it takes to be on each side. The title of the book, The Cashflow Quadrant, describes an image that separates people into 4 categories: employee, self employed, business owner and investor. (My personal gushings about this book can be found here.) Robert Kiyosaki gives a brief description of his journey as an adult going from a short stint living in his car to financial freedom by taking advantage of tax laws and creating assets that create passive income. (My personal gushings about this book can be found here.) The title of the book, The Cashflow Quadrant, Financial freedom is a vastly different from financial security.įor those of you who have read Rich Dad Poor Dad this book is basically an extension of the lessons taught in that book. For those of you who have read Rich Dad Poor Dad this book is basically an extension of the lessons taught in that book. Financial freedom is a vastly different from financial security. ![]()
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