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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: 2 stars
Summary: Beware - this is not a legit moneymaking or business guide
Review: The concepts seem to make sense but you end up realizing that this gentleman is only telling you what you want to hear. The author has obviously made his fortune with this neo-psychology nonsense. He bottom lines his only specific suggestion for financial success - network marketing. Sorry, author, but Ponzi-scams and Amway may qualify as 'business ownership' to you, but I think I'll stick with my day job instead of trying to con my friends and relatives. Like many other reviewers, I noticed that there is constant reptition of the basic concepts and theories.

There is some merit in his 4 classifications of people, but I can't see how it would help someone get rich......

Rating: 5 stars
Summary: The Media Is The Message
Review: Some readers say about Kiyosaki's books: lots of words, no content. That's right! All Kiyosaki's books repeat the same general theme a lot of times. But this is a secret of his doubtless success: the hypnotic shaman repetition serves for deep adaptation of his simple ideas. And the simplicity of his suggested message is making these books both powerful, and popular.

Kiyosaki's receipt to become wealthy is very simple. To be collected into a short list of ideas, it is just a half page long.

--- There are a lot of ways to earn money. But to become wealthy you cannot work for money. You must have the money work for you.
--- To force money to work for you, you have to be a business owner, who owns assets than make a cash flow, or an investor, who invests in those assets. Your Cashflow Qudrants are (B) and (I).
--- Become financially literate. Have a basic understanding of how assets create income, and liabilities create expenses. Then, simply collect assets.
--- Once financially literate, hire the best advisors who can help you to play the game. Don't penny pinch on financial advice; good advisors will pay for themselves.
--- Don't let the government needlessly take your money by taxes. First earn cash then spend. Start a corporation and legally pay taxes after expenses. Earn, spend then tax.
--- Start small and learn from your mistakes. Learn, learn and learn. "The only difference between a rich person and a poor person is what they do in their spare time." - said Kiyosaki.
--- Become a sophisticated investors who is willing to take educated risks. "True investors make more money in bad markets." - said Kiyosaki.
--- Don't take on debt that will not take care of itself. If you take risk, make sure you get paid for it, just like banks do.

This is good reading for anyone willing to change the way he/she thinks about money and success so that financial freedom can be achieved. I find Kiyosaki's explanations to be helpful and clear.

Rating: 5 stars
Summary: Financial Freedom, Part II
Review: After I read Rich Dad Poor Dad, I HAD to get this book, and I wasn't disappointed!! Kiyosaki explains the 4 categories that working people fall into, then explains the mind-set that pervades each category.

If you're serious about becoming financially free, then this book is an ESSENTIAL addition to your library.

You won't be disappointed.

Rating: 2 stars
Summary: Nothing specific
Review: I agree with the readers, who said that this book does not offer specific advice. I like the logic, that you should not overspend and earn before spending. But how can we start? Does he suggest to move in a trailer as he did? Or bring my family to live in the basement f our friends? He says that the house is a liability even if the mortgage is paid. OK, what should we do? Pay the same money as rent? Or invest in real estate, rent it and live in a broken car, so that not to pay taxes? This is an example of the specific advice I believe is missing. I don't want to offend anybody, but many people who rated highely this book are still in college and do not have a sense of what the real life is. This book is just for starters, to get the idea of not going into too much debt and think about investing. It is nothing more.

Rating: 5 stars
Summary: The "Ins and Outs" of Cashflow
Review: Every Robert Kiyosaki book I have read, to date, has been very informative and helpful. This book is no exception. Here is a book that will not only help the average 'John Doe' who is merely trying to get more cashflow in his own personal financial life, but the concepts in this text will also help a business person who is trying to provided cash flow for his or her business.

Kiyosaki divides cashflow into 4 (thus 'Quad') "sectors" (if you will) - employee, self-employed, business owner, and investor. Each of these groups or sectors are described in detail as to what type of cash each generates, how they generate the cashflow that they do, and why. Kiyosaki also details the difference between "job security" and "financial freedom," as it relates to cashflow. Furthermore, as in his book "Rich Dad, Poor Dad," Kiyosaki describes the differences between assets and liabilities as they apply to balance sheets and income statements.

One of the more powerful chapters in this book is 7. Here, Kiyosaki details why people get into financial "ruts" by allowing money to dictate their happiness - a trait he says is very similar to drug addictions. This is key in this chapter, I think, due to the fact that so many seem to treat money (or wealth) as an end and not a means. Kiyosaki does well to point out that money is not the end all and be all of who and what we are, but many people allow money to be so. Moreover, he details how we should build our "system" (or way of acquiring money) around our passions and focus more on the passion than on the money (that's very good advice).

This book is a great financial tool for anyone who has had financial problems in the past (or currently), business people, investors, or anyone with a desire to have a greater understanding of what money is and how we can make it work for us instead of us always having to work for it (i.e. avoid being a slave to money both in terms of emotions and desires, as well as in our career lives). For these reasons (and more), I highly recommend this book.

Rating: 5 stars
Summary: After you read ¿Rich Dad, Poor Dad¿, why stop there?
Review: At the beginning of the book we are introduced to, most likely already known, categories of working people. The are categorized according to the way they earn their money, and put in one of the quadrants. Once you identify yourself in the quadrant, it tells you how to change and the way you should go. The book gives you the steps to follow to move to the right side of the quadrant.
I didn't like often reference to the first book, the author could've skipped that and save some paper.

Rating: 5 stars
Summary: The best book in the Rich Dad Poor Dad series yet
Review: Kyosaki goes down to the details drawing down and sighting the differences between the 4 areas of the Cash flow quadrant. This book is the perfect follow-up read for the first Rich Dad Poor Dad book because it explains in detail the difference between the Employee, Self-Employed, Business Owner and Investor. Kyosaki does not paint a flattering picture for the Self-Employed and Employee and shows that the best way for financial independence is to go and become a Business Owner or Investor.

I have shown and gave away this books to friends who are either self-employed or working for a company and their reactions were mixed. Looks like the book hit a raw nerve - some were quite offended and others found the book's advice invaluable. Interestingly the negative picture that Kyosaki in his books about those who choose to stick with the "left side of the quadrant" or the self-employed and the employee are quite true since most of the very same people who were offended by the book are now laid off by their company despite their years of service.

The concept of the Cash flow quadrant is the perfect foundation on how to see things the way the rich do. This book is a great read for the beginner who wishes to take control of his or her financial destiny.

Rating: 5 stars
Summary: Not about specifics...Kiyosaki fixes the way you think!
Review: Ever promised yourself that you'd go to the gym and lose weight? Ever reneged? Me too... that's why I hired a personal trainer. The trainer introduced a level of accountability - but more importantly: 'Reinforcement of good techniques by repetition.' (You need more protein. Watch the sugar. Watch your form. Do your cardio.)

Kiyosaki's books are akin to personal training for your financial future. He repeats concepts in such a way that they 'sink in'. Cashflow Quadrant helps break you of the 'I need a job and a 401k so I can retire' middle class mentality.

The critics of this book most often say that the Rich Dad, Poor Dad series is short on real information. These are typically people looking for magic cures to their investment woes. These books don't tell you exactly what to do - they correct misperceptions you have with regard to jobs, retirement, money, and investing and point you in the right direction (who to talk to and what other non-kiyosaki books to read for specific answers).

Are you thinking, "I already know what I need to do to get rich!" (I know I need to eat right and exercise!) Well, if you're still financially flabby then odds are something is wrong your approach. Read this book! It will retrain your brain and keep you focused simultaneously.

Rating: 5 stars
Summary: This is how the rich stay rich
Review: Ever wonder why while some people are starving and yelling recession others are prospering and cheering prosperty?If you answered politics--ENT---wrong answer.The reason is recessions can be controlled by an individual. Successful people take control by moving into the Cash Flow Quadrant. They own assets, not liabilities. They work for themselves, not a unappreciative employer. They know how to use leverage. This book is the best business book available today. I have read RDPD and RYRR and although some of the material is repeated, there is also much fresh material as well.And if you feel the material is so redundant, let me ask you a question: How are you going financially? Hello???If your goal is become financially independent, you must go with the times and RTK offers the most current beneficial success education available today.

Rating: 4 stars
Summary: Financial Common Sense We Should All Know
Review: It is true that Kiyosaki's books repeat the same general theme, but it is the brute simplicity of his message that make these books both powerful, and popular.

To be wealthy:

1) There are many ways to earn money, but to be wealthy you cannot work for money. You must have the money work for you; you have to be a business owner (B) who owns assets than make money or an investor (I) who invests in those assets. If you are an employee or self-employed specialist, there is a limit to your income because there are only 24 hours in a day.

2) Become financially literate. Have a basic understanding of how assets create income, and liabilities create expenses. Then, simply collect assets.

3) Once financially literate, hire the best advisors who can help you to play the game. Don't penny pinch on financial advice; good advisors will pay for themselves.

4) Don't let the government needlessly take your money (Earn -tax then spend). Start a corporation and legally pay taxes after expenses (Earn - spend then tax).

4) Start small and learn from your mistakes. "The only difference between a rich person and a poor person is what they do in their spare time." (page 65)

5) Become a sophisticated investors who is willing to take educated risks. "True investors make more money in bad markets" (page 64)

6) Don't take on debt that will not take care of itself. If you take risk, make sure you get paid for it, just like banks do.


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