Editorial Reviews. About the Author. Best known as the author of Rich Dad Poor Dad―the #1 Rich Dad's CASHFLOW QUADRANT by [Kiyosaki, Robert T.]. If you download this book without a cover, or download a PDF, jpg, or tiff copy of this book, CASHFLOW, Rich Dad, and CASHFLOW Quadrant are registered. The CASHFLOW Quadrant defines how different people generate their income or money. On the left side, the E (Employee) and S (Self-employed or Specialist).
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PDF Drive is your search engine for PDF files. As of today we have 78,, eBooks for you to download for free. No annoying ads, no download limits, enjoy . Cashflow Rich Dad's quadrant - Edu Akadeemia. Pages · · MB Rich Dad's Guide to Financial Freedom by Robert Kiyosaki free PDF download. Dec 21, Rich Dad's Cashflow Quadrant: Guide to Financial Freedom. Author: Robert T. Kiyosaki. Click Here to Get the PDF Summary of This Book.
Where do you belong? Poor Dad will teach you to go to school, get a degree, get a nice job, and become a well-paid employee. While, Rich Dad often less educated in the formal sense of the word will advise you to absorb the benefits of state-controlled education, build a business and become an investor. Not true! In , Robert and his wife Kim were at the brink of financial and emotional collapse. They lived in a small basement room for nine months; making a few dollars here and there to keep food on the table and fuel in the gas tank.
Their plight lasted for an entire year, while their friends and family relentlessly pushed the idea of getting a good job.
At the time, it was truly a challenge to remain true to their perspective. In , they finally achieved their financial freedom! On the contrary, he believes that achieving financial stability is the cradle of life itself. The skills needed to excel on the right side of the Quadrant are by no means taught at school.
With that said, you need a different set of characteristics and skills to flourish in each Quadrant. You need to experience loss, in order to get into the right frame of mind and hence climb the ladder of prosperity. Rich Dad often said: Once you get used to receiving it, that addiction keeps you attached to the way you got it. For precisely that reason, Rich Dad puts emphasis on creating or building a system that makes money for you.
And, this what shocked Robert the most, because in the late 70s his wallet company collapsed due to competition and lack of passion. So, how to get rich? Above all else, this is not a get-quick-rich scheme that you ought to follow no questions asked.
The sad reality is, people who work the hardest, are not the ones that get rich. Rich People are outliers; their out-of-box mentality is what distinguishes them from the mob.
Poor people believe that the goal is to work hard in order to download things that make them look rich. In fact, rich people want to get as far away as possible from the stream of liabilities. To be successful, one must be emotionally neutral regardless of the outcome. As you already know, Robert took the path less traveled. The greatest transition was not the resignation letter, but the itchiness in embracing a full-scale alteration with regards to beliefs and mindset. But, is it beneficial to pass on the blame to some external phenomenon?
Give it a moment to sink in!
Part Three — How to Become Successful B and I Robert starts the last section of this book, by pointing out that instead of looking forward to gigantic strides, just take the first baby step. In order to get the ball rolling, you need to be wary of false narratives and misleading information that may stigmatize your endeavors.
After years of research regarding the transition from poor to rich, Robert found out that these people possess three qualities: They maintain a long-term vision and plan.
They believe in delayed gratification. To go from wage slave to wealthy, require changing your outlook not just your actions. Your thinking must change before your actions can fall inconformity with wealth building practices on a consistent basis. The fear of losing money is a source of much financial struggle for most people.
Their risk tolerance is shot because they have no stomach for taking a loss. One bad investment ad they feel totally burned as if that proves investing as a whole is a bad idea. Difference between B and I, one wants more money to operate with, the other wants more dividends. To be successful as an investor or a business owner, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the game. Intelligence is also knowing when to quit. Too often people are stubborn about pressing on with projects that clearly need to be dumped.
The reason things look so risky on the right side of the Quadrant to people on the left side is because the emotion of fear is often affecting their thinking. The Tax Reform Act of took away many of the tax loopholes that, on the left side of the Quadrant depended on.
On the flip side, while folks on the right side of the Quadrant were affected, many of their tax avoidance mechanisms were left intact.
Many people will look for some one to blame for their financial plight, usually this ends up being wealthy people. If you want to be a leader on the right side of the quadrant, a historical view of economic history is important. Add to this studying the great leaders of capitalism such as Ford, Rockefeller, Morgan, etc. Reasons Kiyosaki Invests in real estate in a depressed market: Financing — The banks will loan on real estate but not on stocks or many other forms of investment.
Taxes — Profit from real estate transactions can be rolled tax-free into your next real estate transaction.
On top of that, the property can be depreciated for even greater tax advantages. Rent — If rent prices maintain amidst the depressed home prices you will be ensured a steady cash flow stream.
Why Use Corporations? Most wage earners earn, get taxed and then spend. Whereas if you pass your income through a corporate entity first, you can earn, spend and then get taxed on the remainder. Plan on meeting resistance when you try and structure deals custom to you needs. Always seek the best professional and financial advice you can find.
Never do business or make an investment merely for the tax benefits. A study was conducted on how people who born into poverty eventually became wealthy. Its findings revealed these common factors. Develop the thought pattern of thinking only in assets and income in the form of capital gains, dividends, rental income, residual income from business, and royalties.
Good debt is debt that someone else pays for you, and bad debt is debt that you pay for with your own sweat and blood.
Part of Financial Intelligence is possessing the ability to convert cash or labor into assets that provide cash flow. Type A investors look for problems where opportunity bounds via creating solutions.
These people take on more risk but are more able to manage that risk. Type B investors want to be told where to invest their money, preferring to remain less educated and more dependant on others advice. Take action steps to getting on the investment fast track.