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Rich Dad's Cashflow Quadrant: Rich Dad's Guide to Financial Freedom, by Robert T. Kiyosaki
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This work will reveal why some people work less, earn more, pay less in taxes, and feel more financially secure than others.
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Product details
Series: Rich Dad
Paperback: 272 pages
Publisher: Business Plus; Later Printing edition (May 1, 2000)
Language: English
ISBN-10: 9780446677479
ISBN-13: 978-0446677479
ASIN: 0446677477
Product Dimensions:
6.1 x 0.9 x 9 inches
Shipping Weight: 12 ounces (View shipping rates and policies)
Average Customer Review:
4.6 out of 5 stars
1,260 customer reviews
Amazon Best Sellers Rank:
#361,131 in Books (See Top 100 in Books)
This book gets your mind on the right track, but doesn't teach you. Many that buy his books believe they will be taught how to do things. This isnt real education, as he doesnt tell you how to do anything. He just gives concepts like "Find ways to provide income for yourself so that you dont have to work." DUH, that's why we have the book. What he really wants is for you to keep buying his books and getting vague concepts, buy his game, and pay for his school. He mentions at the end of this book his specialty is marketing... consider that. Also, you'll realize a lot of the book is him repeating himself b/c he is trying to fill a book, similar to a high school essay that needs to reach a certain amount of pages. Lastly, early in the book he shames people for using financial advisors saying advisors don't know what they're talking about... then in the last chapters he admits he has advisors in every category and they play a huge part in his cash flow and business decisions. (eye roll)
This is a great go-to-book after Rich Dad, Poor Dad. He really breaks it down and shows you the difference between the left side of the quadrant and the right side and how important and financially solid the right side can really be for you and your family. I"m working on moving from the S (self employed) quadrant to the B (business) and move to I (investing). Passive income is the way to go folks, your jobs are no longer secure as they once were; you can get sacked unexpectedly, the best thing in your corner if that happens if having multiple cashflow properties that offset life situations like that. Recommend!
I would not recommend this book to anyone looking for financial advice. He is really good at saying it can be done, but does not tell you how. The whole book is about how he did it, but not what steps you should take or even ways to learn what can be done.
A must read for anyone who wants to understand how to leverage and generate more income without "finding a better paying job"This book perfectly describes the various ways to make an income... a job, a business, investments... etc... and helps break down that information in an easy way to understand while also inspiring you to take action. Learning is one thing, but to be inspired to make changes you need to take that information and turn it into an action plan is a rare quality to find in a finance book.This one book could have easily replaced the majority of my accounting college classes, and still would have provided more value than my $250k business degree. I have had the pleasure of rereading this book a few times since purchasing it, and find just as much value each time I browse through the chapters. There is so much information in it that it is easy to overlook things, which makes the thought of re-reading it exciting.This book is definitely valuable to keep in your library, and not just rent or borrow.
Another great book by Robert Kiyosaki. I started with Rich Dad, Poor Dad, and this book is the continuation of Roberts examples and explanations on why people are where they are financially and how they can progress to a wealthy lifestyle. In this book, Robert describes the four quadrants (Employee, Self-Employed, Business Owner and Investor), what each of them can expect of their lives, and the best part is: he also explains how to transition from working for money, to having your money work for you. I absolutely love this book, it's easy to read, and easy to understand. It's also easy to implement and gives you the courage to try.
Loved this book. I think many people who read Robert's books are looking for a "how-to" guide to getting rich or acquiring more money, yet they skip the first and most important step - becoming the kind of person who deserves wealth. Because honestly, if you haven't accomplished that first and most vital step, while you may still acquire wealth, it will never stay with you or bring you real happiness. This book goes into more detail on the kind of person you need to become and the personal changes you need to undertake before you can ever hope to become truly wealthy and successful. I would suggest reading this book slowly and taking every word of it very seriously, using a lot of critical thinking, analysis, and not overlooking the subtleties within the text that give you valuable insight into the thought process a very wealthy, successful and well-known man. I have always admired Robert because he actually takes the time and effort to try and educate other people on how to become more successful and wealthy in many ways, whereas many who achieve wealth may become recluse or self-serving. You are always lucky to have someone who has been there, done that and is willing to share their experiences, helping to smooth out our path towards similar goals. Overall, I would highly recommend this book to my friends, my family, and you.
Robert continues what we're taught in Rich Dad Poor Dad, but in more depth. RD's CASH FLOW Quadrant takes you through the different mindsets between employees, self-employed, business owners, and investors (aka the 4 quadrants). All 4 mindsets are needed in society, but the ones that know how all 4 quadrants work and take action to be a B or I, are the ones that gain financial freedom. Great book.
If you like Robert's books you'll like this a lot. You have to understand that Robert is the mindset king. He never, EVER gives you a how-to. There are lots of those books out there. He is specifically a way of thinking book series in all of his books. His writing is plain and straightforward. If you read his original book this provides a more detailed expansion on it.
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