personal finance

I initially disliked the name of his books and supposed concepts because I did not want to be a person going for riches. Until one day I received his books and game as a gift so I didn't want to waste it and started reading them. After playing his game, something clicked in my brain. Now I understand him and myself.

It really takes that to understand what Robert is trying to educate us to see. I look around and see so many people doing what they have always done by using old concepts and yet never accomplishing what they want in life. The world has changed and new concepts are needed. Robert helps us see that and gives specific ideas and yet also makes us really think about what we want financially.

Most people may not want to be extremely rich, instead they just want to be comfortable and do what they like without worrying about money again. I want financial freedom and the feeling of knowing I have the choice of choosing to stop working but that takes passive income which can be built but takes learning and time.

It takes good planning and guts to do that plus discipline and that is what Robert shares with us because the world is not as it was before and so the game cannot be played as before.

I have seen so many go for College degrees, MBA's etc. but are still working for money and unfortunately cannot stop working. I like the advice in Robert's books about not working for money but learning new concepts and make money work for us. It even works for us average people.

I share my feelings because I know what I am talking about. I once did have passive income but I did not have Robert's education at that time and did not realize that I had passive income from a "B" quadrant business. I went for a higher paying job and lost my passive income. How dumb! I could have retired 10 years ago if I had read his books earlier.

As Robert says, mistakes are OK as long as we learn from them and I have a better future ahead because of my mistakes. From the bottom of my heart, I thank him and all the people who helped him in his books.

Repetition is the source of mastery, and The Cash Flow Quadrant takes the excellent thinking in Rich Dad, Poor Dad and builds to another level of detail. This information will increase what you learned in Rich Dad, Poor Dad and help you begin the transformation from a salaried or self-employed person into a business owner and investor.

The definitions of these four quadrants are important. As an employee, you have a job. As a self-employed person, you own a job. As a business owner you have a system (such as a franchise like McDonald's) that produces cash flow for you and others work for you. As an investor, your money works for you. Rich people are getting more than 70 percent of their cash flow and income by having money work for them.

One of the strengths of the book is that it deals with the subtle psychological differences among people in the four different quadrants, especially on subjects like security and freedom. Kiyosaki and Lechter then do a nice job of helping you understand the difference between risky and taking risk. The latter is a good idea, when you know what you are doing, and the former is always to be avoided.

The book is not dogmatic, pointing out that good results can be reached in a variety of ways. You have to decide which ones are right for you. In general, you are encouraged to move from the employee and self-employed side for your income to the business owner and investor side. Then, take your cash flow and expand it into investments.

Another of the strengths of the book is to make it clearer what the advantages of income property are. In these Internet stock-crazed days, many are looking only to stocks and missing good commercial property opportunities.

There are lots of good questions you can use to help frame your road through the cash flow quadant. At a minimum, you will become much more financially literate. With the help of the 7 steps here for making the necessary changes, you should begin to make the transition.

The book has a nice conversational tone that turns personal economics into common sense examples and principles.

The downside of any book about changing your life is that you can read it much faster than you can master the lessons and apply them. I suggest that you schedule time to reread this book over the next 10 years. That's the best way to check up on yourself and how you are doing.

I do recommend that you read Rich Dad, Poor Dad first. You'll get much more out of this book if you do that. Then you'll begin to see opportunities where others see difficulties. Good luck with fulfilling your goals!

In this followup to Rich Dad Poor Dad, Robert Kiyosaki goes even deeper into the various quadrants and explains why and how anyone can go from the E to B to I to S Quadrants. And I am pleased to see that Kiyosaki is telling the truth about network marketing and why it is such a powerful S-Quadrant.

In fact, Kiyosaki offers two examples; one a friend who didn't have the money to start a conventional business so dove into network marketing and over time, built a very successful bsuiness.

The other was a real estate investor who was continually being probed by people on how to become rich. When he told people that he made his fortune in million dollar real estate deals, they were depressed because they knew that they did not have the capital of the skills to do that. So this guy got into network marketing solely to provide a vehicle that people with limited capital and limited sales skills could dive into and begin creating cash flow and residual income immediately. His circles of influence saw his success in network marketing and knew this was something they could do. And they succeeded!

Cash Flow Quadrant discusses the various quadrants. It describes the personalities of the people in each quadrant. And describes how to become more than a business owner but to reach the S-Quadrant, the ideal quadrant which provides financial and personal freedom. It gives you both time and freedom.