“In 1985, my wife Kim, and I were homeless. We were unemployed and had little money left from our savings; our credit cards were exhausted; and we lived in an old brown Toyota with reclining seats that served as beds. The harsh reality of who we were, what we were doing and where we were headed began to sink in.”
That year 1985, was the worst year of our lives, as well as one of the longest. But by 1989, we were millionaires………………………
CashFlow Quadrant Book: Rich Dad’s Guide to Financial Freedom
This is the second book I am bringing to you from the stable of Robert Kiyosaki, the best selling author of the book “Rich Dad Poor Dad.” If you are don’t know who Robert Kiyosaki is, then I will say you are probably new to the world of Personal Finance, Business and Investing. Robert Kiyosaki is one of the world’s most respected experts in Business, Personal Finance and Investing. He is also my most respected mentor.
The book “CashFlow Quadrant” is a Powerful Hand Guide to Anyone Seeking Financial Freedom. This book also contains the inside story of how my mentor “Robert Kiyosaki” went from being homeless in 1985 to becoming a Millionaire in 1989. The exact steps he took and how you can also achieve the same in less time. Let us take a look into the book “CashFlow Quadrant” Rich Dad’s Guide to Financial Freedom
Table of Contents
Table of Content
- Introduction: Which Quadrant Are You In?
- Is It The Right One For You?
- Part I: The CashFlow Quadrant
- Part II: Bringing Out the Best in You
- Part III; How to Be a Successful “B” and “I”
- It Doesn’t Take Money To Make Money
- Lesson One: Your Boss Cannot Make You Rich
- Lesson Two: You Must Build A Business System Around Your Passion
- Lesson Three: You Must Watch the Words You Use
Introduction: Which Quadrant Are You In?
Is It The Right One For You?
Part I: The CashFlow Quadrant
Chapter one: Why don’t you get a Job?
Chapter Two: Different Quadrants, Different People
Chapter Three: Why People Choose Security over Freedom
Chapter Four: 3 Kinds of Business Systems
Chapter Five: The 7 Levels of Investors
Chapter Six: You Cannot See Money with Your Eyes
Part II: Bringing Out the Best in You
Chapter Seven: Becoming Who You Are
Chapter Eight: How Do I Get Rich?
Chapter Nine; Be the Bank, Not The banker
Part III; How to Be a Successful “B” and “I”
Chapter Ten: Take Baby Steps
7 Steps to Finding Your Financial Fast track
Chapter Eleven: It Is Time to Mind Your Own Business
Chapter Twelve: Take Control of Your Cash Flow
Chapter Thirteen: Know the Difference between Risk and Risky
Chapter Fourteen: Decide What Kind of Investor You Want To Be
Chapter Fifteen: Seek Mentors
Chapter Sixteen: Make Disappointments Your Strengths
Chapter Seventeen: The Power of Faith.
Chapter Eighteen: In Summary
Appendix: The Quick Reference Guide to Wealth
An Excerpt from the book “CashFlow Quadrant”
It Doesn’t Take Money To Make Money
I started this book about being homeless and having nothing because I often hear people say “it takes money to make money.” I disagree. To get from, homeless in 1985 to rich in 1989 and then to become financially free by 1994 did not take money. We had no money when we started and we were in debt.
It also does not take a good formal education. I have a college degree, and I can honestly say that achieving financial freedom had nothing to do with what I learned in college. I did not find much call for my years of studying calculus, spherical trigonometry, chemistry, physics, French and English literature.
Many successful people have left school without receiving a college degree. People such as Thomas Edison, founder of General Electric; Henry Ford, founder of Ford Motor company; Bill Gates, founder of Microsoft; Ted Turner, founder of CNN; Michael Dell, founder of Dell Corporation; Steve Jobs, founder of Apple Computer; and Ralph Lauren, founder of Polo.
A traditional college education is important for traditional professions, but not for these people with great wealth. They developed their own successful businesses and that was what I and Kim were striving for.
So What Does It Take?
I am often asked, “If it does not take money to make money, and schools do not teach you how to become financially free, then what does it take?
If you can lay your hands on the book “CashFlow Quadrant” You will discover other Insider’s secret to becoming Financially Free. Some of the Insider’s Secret you will learn is:
The 3 kinds of Business System you can build.
- The difference between being Rich and Being Wealthy
- The difference between “S” type of business and a “B” type of business.
- How to Manage Risk
- The importance of facts versus opinion
- Why people struggle financially
- How to Get Rich
- How to be the Bank, not the Banker
- How to become a Successful Business Owner and Investor
3 Valuable Lessons I learned from the book “CashFlow Quadrant” by Robert Kiyosaki
Lesson One: Your Boss Cannot Make You Rich
This is one of the most important lessons contained in this book. I have met some family members and friends who are trying to get rich on their salary. The truth there is this; it’s difficult getting rich on your salary. In the process of trying to get rich on their salary, they break one of laws of money and that law states that “Don’t ever try to get rich on your salary.“
The earlier you realize that your boss job is not to make you rich but to make sure you get your steady paychecks, the better for you. A job will not make you rich; building a business will. This lesson is very important to most individuals because most people dream of finding a high paying job, saving some money and becoming rich. If you are interested in learning how to become rich without a paycheck, then get the CashFlow Quadrant.
Lesson Two: You Must Build A Business System Around Your Passion
This lesson is very much applicable to the live of entrepreneurs. I have seen entrepreneurs start a new business with excitement but after some time, they lose enthusiasm and the business begins to crumble. I have also seen entrepreneurs who are always out looking for the new product of the month; they are always looking for the best product to market. They can’t understand why they are not making headway.
If you are in this category of entrepreneurs, all you need to do is to build a business around your passion. If you check the lives of successful entrepreneurs, you will observe that they all built a business around their passion.
Bill Gates, Steve Jobs, Larry Ellison and Michael Dell built a business around their passion; “Computers.” Larry Page, Jerry Yang and Mark Zuckerberg built a business system around their passion; the “Internet.” Aliko Dangote; the richest black man in the world also built a business around his passion. So if you want to build a successful business, then you must discover your passion and build a business around it.
Lesson Three: You Must Watch the Words You Use
After reading the book “CashFlow Quadrant” I came to learn that there are words used specifically by employees, self employed, business owners and investors. I also learnt that the words we use affect our lives unconsciously because words are powerful tools.
If you want to be a successful business owner and investor, then you must learn and use the vocabulary of business owners and investors. I think at this stage, I have given enough.
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