Friday, April 19, 2013

Personal Financing with Robert Kiyosaki

Cashflow Quadrant
This book is a continuation of the Rich Dad Poor Dad book. In this book Robert Kiyosaki explains that there are four quadrants. It shows which quadrant we are in and which one we ought to be in.

The four quadrants are

E QUADRANT is for employee
These are people who are mainly afraid to take risk. They look for job security and benefits. Thus looking for jobs that offer job security and benefit. They may be highly paid but their financial status is only defined by the employers.

S QUADRANT for self-employed
The people in the S quadrant are self employed. They are specialist in their area. They want to do their own thing. They believe that if they work hard, they will be paid better. They are normally perfectionist and is hesitant on hiring staff. So they will work very hard cause if they don't work , they won't get paid. They are also not able to take leave for long as they are not able to lose any customers.

This is followed by the two Quadrant that we are advised to be in, in order to be financially free. That is

B QUADRANT for business owner
A business owner owns a business that generates money.

I QUADRANT for investor
Investors earn money from their various investments-in other words, money generating more money.

The CASHFLOW QUADRANT is also not a get rich quick book, its only a guide to financial freedom.

Rich Dad's CASHFLOW Quadrant is perfect for employees or self-employed individuals interested in finding new ways to generate cash flow. One of thing that is good about this book is the author tells us to start slow and small, gaining experience first. If you're already a business owner or real estate investor, this book delivers tools for even greater success.


Rich Dad's Guide to Investing.
This is the third book in the Rich Dad Poor Dad Series. One of the things that I have found useful in this book is that in come in short chapters of 3-4 pages each, so I usually read a chapter a night before I sleep to digest and ponder each chapter. In this book, Robert shows how to get started and how it does not take money to make money. As with the first two books, this is not a book for those who want hot tips and quick fixes.

What I like about this book, is that Kiyosaki says that if we look properly we can create our wealth out of nothing. Before finding out about Internet Marketing, I thought that this was a lot of bull. I always thought you need money to make money. But with the internet, it has never been easier to create wealth out of nothing. Take Squidoo for instance, you can write about your favourite topic and make money from it. He also says you should make a plan to be financially secure, a plan to be financially comfortable, and a plan to be rich.
As in all his other books, Kiyosaki's book is worth reading again and again.
This book is a must for those who want to be Financially Independent
One final recommendation I have is to buy his Cashflow Games. Cashflow 101 is a board game that will teach you how to get out of the rat race whatever your status is.
I have a computer version of the game and found it really interesting. It really depicts real life, once you start playing.





What Lies in your Debt? It pays to know

Website http://www.whatliesinyourdebt.com
Guarantee: 8 weeks 100% Money Back Guarantee

Get Rid Of Your Credit Card Debt, Clean Up Your Credit, And Make Debt Collectors Go Away? And Make Money Doing It! Our members actually make money using our process while not paying big bucks for a process that just doesn’t work! Rip off artists are abundant in these economic times. Just check Google and states’ attorneys' offices, con artists without a conscience are plaguing struggling home owners or people who are having hard times. Take control yourself and don't count on anyone to get you through the tough times. Our proven system will show you how to keep the banks and debt collectors at bay while making them pay you every time they break the law!

 What lies in your Debt?
Only $99 for first month and $49 per month after....

No comments:

Post a Comment