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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: 1 stars
Summary: Lacks Serious Information
Review: The book comes off as an attempt to justify owning your own rental property biz instead of working for someone else in a job. The author's 2 dads took 2 different paths, and the more fortunate one became wealthy, while the other one shot himself in the foot by running for office against his boss, thereby becoming unemployable. Lucky for us, the richer one has hundreds of pithy sayings. Add 'em up, and viola! a recipe for becoming rich. The author followed them, and became wealthy.

Some questions that if answered would tear the book apart: How much of the author's money came from marketing the velcro wallet, his board game, and his books? lots. How much came from the strategy he extols in the book? hardly any. his system depends of inventing and marketing, but where are the secrets of this? no info on patents, marketing, distribution, etc. How does someone w/o this invention start get the $$ to buy income-producing assets? How do you value potential businesses? Which rental properties should you buy, and how much should you spend? How much of your equity should be in properties? How should you invest add'l money in your properties, buy new ones or upgrade existing ones? How do capital gains/losses affect your assets, since they oftentimes (in real estate) overshadow the monthly income you're attaining?

You don't need to read these books to know how to become rich the author's way. The book has about 5 catchy sayings that everyone should read, and a good way of looking at your assets: income producing or not. But, that's it. Catch an infomercial one night instead.

Rating: 5 stars
Summary: Its Work, and Its Worth It
Review: Robert Kiyosaki presents a solid theorem that clearly states what people need to do to shift from the paycheck-to-paycheck life to the financial freedom lifestyle. As an advisor to business executives, investors and entrepreneurs, I can say without reservation that he is right on the mark.

We now give this book to clients of the firm and prospective entrepreneurs as a must read. To benefit from this text, and to be successful in the "B" and "I" quadrants he defines, individuals must make a paradigm shift. To grasp paradigms, they should read Paradigms : The Business of Discovering the Future by Joel Arthur Barker. Paperback (May 1993). This is another must read for our clients.

Here is the bottom line: Cashflow Quadrant makes it clear that people desiring financial security and financial freedom need to shift from the "E" or "S" quadrants to the "B" and "I" quadrants, and must change what happens between their ears as the starting point. It requires going to a different kind of university to learn and apply new things. Without reading books like Cashflow Quadrant, most people won't have a chance to cross over because they won't understand the underlying psychology that makes the difference between success and failure.

Regrettably, in our experience, and in the experience of other firms, we find that most people won't make the shift because they can't handle the emotional risk, even when they can handle the time or money risk. The emotional risk is the show-stopper.

This is what Robert Kiyosaki's rich dad pointed out to him when he told Robert that he must go into sales and hone his skills before he had a chance at becoming wealthy. Selling requires precisely the emotional development needed to handle emotional risk, and handling emotional risk is one of the keys to success. Without it, you can't get there from here. As Robert Kiyosaki points out, for many people, network marketing will more likely be their opportunity and proving ground, rather than buying a national franchise or a corporation. The best network businesses provide the kind of "university" people need, as the author explains. And, there is much less downside risk to network businesses than buying or building a corporation.

This is an eye-opening, eye-popping text that readers should study as one of their first steps in their journey to make the successful transformation from an "E" or "S" to the "B" and "I".

Rating: 5 stars
Summary: DISCOVERING NEW FINANCIAL HORIZONS
Review: This book is as great as its predecessor, "Rich dad, poor dad". It's not only about money, but about psychology, politics. Mr Kiyosaki has a special talent to clearly explain difficult things. If you want to have fun and learn important things, read this book. I am going to buy all the books written by Mr Kiyosaki !

Rating: 5 stars
Summary: The most Explosive reading in parenting ever to hit the ...!
Review: The most Explosive reading in parenting and finance ever to hit the shelf! A sensational style of writing coupled with simple drawings, complete an education system that is both powerful and life changing.

I recommend this system of learning to anyone - great to be alive.

Rating: 5 stars
Summary: The way to financial independence.
Review: A friend of mine recommended this book and boy I'm glad I bought it. Fine, if you have read his previous work, then yes I agree that there are a lot of repetitions but if you didn't, then I would say go and get this book because not only does it cover the ways to becoming financially independent, it guides you to it. What I really like about this book is the fact that it interacts with the reader. It's not only a bunch of information passed on to you, it also helps you find out a lot about your financial habits through a series of questions that are available. After reading this book, I found myself aware of my financial flaws and worked on improving them. Remember one thing, people are different and have different financial needs, so it really depends on what you're looking for or trying to learn from a book. To make a long story short, I gave this book five stars because I found what I was looking for in it and it helped me deal with my financial decision in a clearer way. Bravo Robert and keep up the good work.

Rating: 3 stars
Summary: childlike principle
Review: I feel this book has many ideas but very few parctical ones where layman can use. topic on Passive income,7 levels of investor and mortgage is very true. The subject on business system did not touch on the downside of MLM. Good read but keep yourself level headed.

Rating: 5 stars
Summary: Excellent sequel to "Rich Dad Poor Dad"
Review: I'm in the middle of reading this book for the 7thtime since I bought it last year. This book has some really, reallygood meat in it. If you liked "Rich Dad, Poor Dad" you'll really like this book.

First of all, it's important to note that this isn't a "how to" book. Nobody's going to tell you how to get rich in a book costing less than ( )or for even more than that. What this book does is change the way you think. It's like in philosophy class where they teach you to ask questions. Too many of us are waiting for the answers without asking the right questions. This book offers many possibilities for making money. The real estate advice, albeit very general, is very common sense. I'm amazed at how many people buy real estate with a negative cash flow and call it an "investment." Kiyosaki explains that very clearly. It's common sense. That's all it is.

As for the particulary strong points in the book, I like his emphasis on methods of cash flow and the various tax implications of each one. I do, however, recommend that each person consult with tax advisers before venturing out in business. He doesn't like Subchapter S corporations, but I do, and I have one. I recommend them, but talk to your accountant. You're not going to get the Holy Grail for a few bucks.

I also like the attitude of the author toward money. He refrains from giving specific advice because, after all, each situation is different. He makes the reader think, and judging by the reaction of people I know who have read it, it causes quite a reaction, which brings me to the downsides...

The only downside to the book, and I'm still giving it 5 stars because it is an excellent book, is that the book almost causes people to think too much. Okay, let me explain that. Basically, the quadrants of cash flow are divided in half. There's money you earn as an employee and a self-employed individual and there's money you earn as a business owner and investor. It's great to move over to the business owner/investor side of making money, but let's be realistic. That takes time and a lot of patience. Many people after reading the book actually get frustrated because they have a job and think there's something wrong with that. There's nothing wrong with that. Take your time in adjusting your financial life. You don't have to quit your job or professional practice and move over to the other side right away. Earning money as a business owner and investor takes time. I think it is critical to differentiate between business owner and self-employed, and the author does a very good job of that. I can't summarize it here, but the book does a good job of that.

I remember two really good passages in the book which stuck out in my mind. The first was about how the author had achieved financial success, but nobody ever asked him how he achieved it, but they did ask him for one of two things or both: (1) a loan or (2) a job. I own a business, so I can relate to that. The other passage is where he points out that the average person gets up every morning to go to work and earn money to pay a mortgage, car payment, credit cards, etc., but in reality that person is working to make someone else rich. If you think about where your money is going every month, you'll realize the truth of that. It hit me right away.

This book is shockingly simplistic, so if you're looking for a complicated way to that royal road to riches, forget it. It's well worth reading several times. The lessons are so simple and yet so powerful. The only people who don't like this book are the people who enjoy paying their credit card payments every month. I think I might like to own a bank someday. END

Rating: 5 stars
Summary: Makes a lot of sense
Review: I've always kept an open mind towards other people's ideas and have become receptive to what they have to share. This book and its predecessor (Rich Dad, Poor Dad) have provided me with insights that have eluded me before. I would definitely recommend this book to those who are ready to breakout of the cycle and suggest that they approach this experience beyond the aesthetics. One has to not only read this book but also experience the message contained within. In my opinion, those readers who saw this book as a literary failure and a moneymaking scheme completely missed the point. I believe they saw this book with their eyes and not with their minds.

Rating: 5 stars
Summary: Other people's negative influence shouldn't stop you...
Review: from reading the best book you can get your hands on if you trying to make the transition of figuring out what to do with a small savings account, or large for that matter. This book is invaluable to anyone looking for layman's terms on how to understand money. I am a multi-million dollar selling real estate agent selling property to investors every month. This book taught me information that I did not before understand, but is helping me help my clients and myself more. For anyone who is having a hard time making the transition from saver to invester, this IS THE BOOK. The March 16th and March 28th reviewers are those types of people who find no joy in their own accomplishments, therefore need to trash others. This author teaches you basic, sound principles that you can actually put in to action. The Millionaire Next Door is a theory book about how the 'Jones's' are simiply looking good while they are in debt. While also a great book, it does not teach you principles that you can actually put to use. Cash Flow Quadrant and Wealth Without Risk by Charles Givens are two of the best books in helping you put your desires in to actual steps with instructions and 'how to's'. They may be boring to the EXTREMELY experienced investors, but for us normal folks its the best resource I've read yet. My bookshelves are lined with 'kindling' to use in the fireplace, but this one is a keeper!

Rating: 2 stars
Summary: Poor book, Rich Author
Review: This book was one big infomercial for his board game. Moreover, it was nothing more than a poorly edited and designed autobiography (the horrbile design distracts one's eye). Yes, there was small snipets of information that were "helpful," but not 190 pages worth. Might as well have watched this at 11:30 pm on a Tuesday night; I would ahve got the same out of it. Look for something more enriching.


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