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Cashflow Quadrant: Rich Dad's Guide to Financial Freedom

Cashflow Quadrant: Rich Dad's Guide to Financial Freedom

List Price: $24.98
Your Price: $16.49
Product Info Reviews

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Rating: 5 stars
Summary: Progressive Thinker for Today's Times
Review: I have read all of Robert's books. Starting a business from nearly nothing in New York City, I've been able to utilize the principles of Robert's books into a mainstream way of life. If you do nothing else but except his way of thinking, you will be sucessful.

Rating: 4 stars
Summary: Good
Review: I found this an informative book. If all that some reviewers think should have been included in it had been included in it, it would have been as thick as the "Oxford English Dictionary." And there is repetition, but it is through repitition that one learns and absorbs things. Your piano teacher doesn't tell you to practice your scales once, and then try a Bach concerto right away. Let's face it, it's often that you learn something only after your sick of it! I think that was the author's intention in repeating many points over and over. I do think that those who liked this book would like another book titled MILLION DOLLAR HABITS by Robert Ringer. I highly recommend that one, as well as this one.

Rating: 4 stars
Summary: Important Next Step After Reading Rich Dad, Poor Dad !
Review: The new 272 page book is packed with concrete information and food for thought to help you move from employee to employer - investor. It answers many of the "whys" and gives you the steps to succeed in the "new business world." You'll learn that you must have your money working for you, to attain financial success, and shows you the difference between taking appropriate risks and risky ventures. You'll be provided with the 7 steps to help you transition from employee to employer-investor. Much of the material is just plain old common sense. You won't find info on getting rich quick schemes that usually lead to failure. The book will help you get motivated into action. If you're getting ready to make a serious attempt to improve your financial security, this book has a wealth of information to put you on the right road to success.

Rating: 4 stars
Summary: Ear Opening!
Review: My wife and I listened to this tape on our drive to and from a short vacation. What we learned was lessons never taught in school or from our parents. The thought of being free to do the things you want to do without fear or lack of money turned all four of our ears backwards. Although this narration repeats various lessons (Thus the 4 stars) it is well worth the time and effort it takes out of our busy schedules to sit and listen. Needless to say; we will be moving towards the right side of the quadrant as quickly as we can.

Rating: 5 stars
Summary: GREAT!
Review: I bought the tape series to listen as I drive. It is full of great information that I have started to apply to my finances now. I am now learning all that I can about creating income from my assets that will pay my expenses. I am so glad that I found these!

Rating: 5 stars
Summary: The BEST book I have ever read...
Review: this book has given me a clear understanding of exactly what it takes to become rich. Robert Kiyosaki gives a complete mental framework of how one needs to think in order to get out of the "rat race" and start using your mind to accumulate wealth. This book is truly inspirational!

Rating: 5 stars
Summary: to be a richman,get the freedom
Review: before i have read"rich dad,poor dad" i was excellent salary man.after that, i resigned the company,ihave been studying the account priciple for the learning.i would like to be free.

Rating: 1 stars
Summary: About 5 pages of information spread over 250 pages
Review: His basic idea that you should be an investor or business owner rather than an employee or self-employed was repeated over and over. While I agree with that idea, there is very litle more here.

I bought this book because some of the other reviews here made it sound very worthwhile. I was misled. If there was a money back offer on this book, I would take advantage of it.

There are many other books on how to get rich, and I would suggest you try some of the others first.

Rating: 5 stars
Summary: Excellent sequel to "Rich Dad Poor Dad"
Review: I've read this book 7 times, and I'll probably read it 7 more times before it falls apart on me. The only reason I ever bought this book is because of the first in the series, "Rich Dad Poor Dad." I highly recommend you read that book first before this one. If you like these books, by all means, buy the third in the series, "Rich Dad's Guide to Investing." I've read that one twice already in less than a month.

What makes this book different than a lot of the other financial self-help books is it doesn't get down to recommendations of what stocks to buy, how to invest your money and all that. It's more of a bigger picture toward money, and I really appreciate that. How many books have you read where they go on and on explaining how much money invested every month for how many years will make you worth $1,324,544 by 65 years of age assuming 10% annual return but only if you start when you're 25 blah, blah, blah. This book isn't about buying mutual funds, dollar cost averaging, saving for your children's college and all that. It's about the foundation you need to establish for yourself to live a financially satisfying life. If you take it to heart, yes you will become rich. Like most things in life it takes time.

This book takes off where "Rich Dad Poor Dad" left off in that it explains in more detail about the rich buy assets, the middle class buy liabilities they think are assets and the poor don't really buy anything other than spend money. The idea behind the 4 quadrants is that we all obtain money in 4 different ways. The first quadrant is an employee, the second is self-employed, the third is a business owner and the fourth is an investor. Employees and self-employed individuals basically work hard for their money while business owners and investors have their money work hard for them. What I found most enlightening about this book is to operate in all 4 quadrants. You don't have to quit your day job and jump over to start a business or become an investor. In fact, what most people call "investing" really isn't investing anyway. It's tempting to get frustrated with our position in life and want to "get rich quick." Start a business on the side and work your way up.

As for quotes from this book, my favorite was later in the book, and for the life of me I can't find it after reading it so many times. To paraphrase what it says: if you're working and paying credit cards, a mortgage, a car payment, student loans, consumer loans, etc. you are an employee of your creditor. You are working for the bank so to speak. You're working to make someone else rich. Wouldn't it be nice to own a bank instead?

There has been some critcism of Kiyosaki's books in that he promotes his board games and other books in his books. I fail to see anything wrong with that. If you don't like his board game, don't buy it. I think the implication in many people's minds is that the book really isn't all there is to it. You have to buy more products. That is not true at all. Some promoters like to sell books which only lead to a pitch for high priced seminars. I've never been to any of his seminars, and I have no desire to. If you can't get the information from his books, then read them again. It's in there.

I'm giving this book 5 stars because I found much useful information in here. I've read all 4 of his books, and considering what I paid for them, I can't believe so much information is available at such a cheap price. Such is a free society with freedom of the press. As for the author, I hope he makes a lot of money from his books. I sure have.

Rating: 5 stars
Summary: A paradigm-changing book
Review: Having read Rich Dad Poor Dad way back in December 1997, I couldn't wait to get my hands on Cashflow Quadrant. This book does not disappoint. If you found Rich Dad Poor Dad powerful, you would do well not to miss Cashflow Quadrant. I have seen Kiyosaki speak on 2 occasions. This guy really knows his stuff.

This book identifies the 4 quadrants from which we derive our income - as Employees (E), as Self-employed (S), as Business-owner (B) and as an Investor (I). At any point in time, we can either be of one of the quadrants or a combination of them. For the majority of us, we derive our income from only one quadrant - usually the E or S quadrant. This is dangerous in this internet age where jobs are being destroyed faster and faster resulting in the employee having to change jobs at least 7-8 times in his/her career. Generating one's income from one source and from the E or S quadrant IS dangerous. There is very little leverage - the moment an E or S stops working, the income dries up. This is Kiyosaki's message.

Kiyosaki then goes on the plant the idea that one should consider deriving multiple sources of income and especially income from the B and I quadrants. These quadrants are more advantageous as more leverage exists. The B and I people are able to derive their income even while they sleep because their investments and businesses are making money without them having to be at work. This is a passive income - a very simple but powerful idea.

To the reader who is interested in building businesses and making passive income, I would also recommend The E-Myth Revisited by Michael Gerber.


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