Rating: Summary: Insightful view of people & money Review: The second book in the Rich Dad series, Cashflow Quadrant defines where money comes from and how it is generated. The ways of generating money are broken into 4 quadrants: (E)mployee, (S)elf Employed, (B)usiness, (I)nvestor.Kiyosaki describes the characteristics associated with each quadrant and the kinds of people that fall into each quadrant. The idea is to move to the more lucrative (B) and (I) quadrants, and Kiyosaki gives strategies on how to get there. Of course, it is all about how you think and the changes that need to take place when moving from one quadrant to the other. Like the Rich Dad book, you are not going to get step-by-step advice on how to do it, just the ways you need to change your thinking to make it happen. I found the book helpful in categorizing the different ways in which income is produced and the advantages the (B) and (I) quadrants hold over the others. If you have read Rich Dad already, some of the material will be redundant. It comes with the territory. :)
Rating: Summary: Excellent explanation of the four quadrants Review: This book offers an excellent explanation of the four quadrants introduced in his first book, Rich Dad, Poor Dad, and how moving from the left side (Employee, Self-employed) to the right side (Business owner, Investor) of the quadrant takes you closer to long-term wealth goals. Admittedly, I was disappointed when Kiyosaki began talking about needing business systems to be a successful business owner but did not elaborate on how to develop them. Luckily I found two other book resources (The E-Myth, by Michael Gerber, and How to Make Your Business Run Without You, by Susan Carter) that fully explained what that means and how to do it. Despite others' criticisms of information continually being repeated (which I found to be a helpful reminder of the concepts), the Kiyosaki series of books has helped me go from working for my money, to having my money work for me.
Rating: Summary: Lots of words, no content Review: I really liked the first book, but this one was a waste. He doesn't say anything that wasn't in the first volume. This is just words and more words about pretty much nothing.
Rating: Summary: The Best Financial Book Yet Review: I love his books. Rich Dad Poor Dad was awesome. I have read many financial books and most are interesting but only to a point because most all say the same thing. However, Rich Dad and Cashflow Quadrant offer new information that I think is very important and is changing my life for the better. I have ordered Cashflow for Kids and my 8 year old son loves it. It is a great game and I am thankful Robert Kiyosaki developed such a game as I do not feel my children learn enough in school to help them become successful in life. I can't wait to introduce my 5 year old to these concepts. You will be thankful for these books if you will just read them.
Rating: Summary: A Primer for Changing our Attitude Review: As its predecessor, "Rich Dad, Poor Dad," this book is written in a simple style to allow the reader to reflect on the information. Readers will find themselves agreeing with a lot of things in this book and slapping their heads because they didn't see this earlier. This book is more about assumptions and how these need to change for us to become successful. People are broken into categories to help understand how successful people think. The author gives examples, but he is helping us design our own map towards financial freedom. He does not give specific advice on how to make money. There is still a lot of work for the reader to do. Kiyosaki is merely trying to open our eyes. The author does have a list of recommended readings in the back of the book, plus more advertisements for his other books and products. This is good reading for anyone willing to change the way he or she thinks about money and success so that financial freedom can be achieved. I find his explanations to be helpful and clear.
Rating: Summary: Excellent book Review: ALL I HAVE TO SAY IS BUY THIS BOOK YALL. YOU WON'T REGRET THAT YOU DID. IF YOU DON'T UNDERSTAND THIS BOOK, THEN YOU'RE PROBABLY IN THE RAT RACE, OR YOU'RE IGNORANT AND IN DENIAL. RICH DAD POOR DAD CHANGED MY LIFE. :)
Rating: Summary: excellent - looks at the core principles of investment Review: this is a truly excellent book for anyone who has the desire to succeed in the world of business and investing. too many are quick to criticise details (as kiyosaki mentions in his books) without knowing the core principles and fundamentals of business and investment, such as financial literacy (cash flow, the debt to equity ratio, the balance sheet etc). have you ever wondered just how it is possible for a person to become worth billions of dollars? well, read this book and you will have a very good idea how. take bill gates or sam walton. they built businesses using teams, constantly working with others to achieve a mutually shared goal. these people typify the 'B' person, as kiyosaki puts it. not only would i recommend reading this book, i would suggest you read RDPD, and 'Rich Dad's Guide To Investing'. the books interrelate heavily and build on each other extensively. finally, when i reflect upon the educational gain i received from kiyosaki's books, the ratio of amount spent to amount gained (if you could quantify that in monetary terms) would be something like a million:one! trust me, read his books and listen to his tapes. remember, the quality of advice given, should be measured by the success of the person giving it, and kiyosaki is very successful - kinda speaks for itself doesn't it?
Rating: Summary: Excellent book - it makes you think Review: I've always puzzled what takes to be a successful businessperson. This books gives me the answer. It is how we think makes the difference. I like the way he demonstrates his idea through the "Rich Dad" story. Also, this is not a how-to-be-rich kind book. If you look for a quick way to be rich, then this is not the book you want.
Rating: Summary: Perhaps the most influential book ever written. Review: You have to think macrohistorically -- about phases of civilization like the Greeks, the middle ages, the Enlightenment, and the information age -- to really comprehend this book. The identification and explicit explanation of passive income, and the four modes of Life (the quadrant) changes -- has changed -- the world. Kiyosaki's fable of Rich Dad Poor Dad is the exact Jungian vehicle to introduce these concepts to civilization. The only people who don't read, or don't "get" this book -- are poor people. "Poor" in the sense that they simply have no understanding of money, and (hence usually) have no money. In 100 years, "money" and all economic concepts of work, wealth, social interaction, will be completely different from today's paradigm. The start of it all, is this book.
Rating: Summary: Key Nuggets of Wealth Creating Knowledge Review: Kiyosaki is not the greatest writer but I am not reading his books to admire his command of prose, rather to learn key wealth creating principles that were not previously "common sense" to me. Kiyosaki breaks it down into a complete framework that is far more organized than his first book. In fact, if you buy this book you do not need the first. Some people may expecting this to be a "how-to" book on how to get rich. This cannot be the case as the path to success will be different to us all. But if you have the discipline to stick to these general principles you will do well. One reader mentioned that in pre-Enron times that diversification should be paramount. I would remind you all that Buffet, who Kiyosaki quotes as saying that diversification is not necessary, did not get caught in the Enron scandal. This is because he specialises in certain industries and companies and can determine the right time to sell or short-sell respectively. In conclusion, if you find yourself caught in the job-job cycle and you truly wish to escape, this book will help you. But you must keep an open mind and be very disciplined.
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