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Cashflow Quadrant: Rich Dad's Guide to Financial Freedom

Cashflow Quadrant: Rich Dad's Guide to Financial Freedom

List Price: $17.95
Your Price: $12.21
Product Info Reviews

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Rating: 2 stars
Summary: Rich Dad - Poor Dad with a New Cover
Review:
Everything in Rich Dad, Poor Dad is in this book. I found the first book to be far more engaging and unique.

Cashflow Quadrant is a creative re-hashing of the first in the series. If you have not read the first book, you will find Kiyosaki's second text interesting.

Rating: 5 stars
Summary: this book changed the way I think about money
Review: As the title suggests, this book has changed forever how I think about earning and making money and investing. The book is highly accessible and easy to read. As someone wwho found the ideas here new to me, the storytelling, personal examples, and extended deescriptions of an idea made the book relevant, concrete, compelling, and real for me. Others have criticized the book for all of that. however, robert did not write or want to write a textbook here! The book is an educational tool for the average person and for me it has succeeded wonderfully. The author has identified several books he has found very useful and I am now reading them. They are yielding even more information and expanding on the author's ideas. There are tons of books out there that reach a conclusion and try to convince you of an idea. If you want a thorough explaination of how the world of moneymaking works, then this book is for you.



Rating: 5 stars
Summary: Excellent book for cashflow
Review: I have to say that if you want to get out of the rat race you need to understand how cash flow works. This book will change the way you think about money - your money. I couldn't recommend this book higher for everyone who is tired of working hard and tired of not being wealthy. I also recommend Stop Working by Rohan Hall. This book teaches you how to build a cash flow based Agile business. Buy both of these books and learn how to become financially independent.

Rating: 3 stars
Summary: Good basic statement, but too little substance
Review: I often felt I was being pitched by a seller of Amway products while reading this book. His basic advice is: Get as much of your income from owning a system or investing, don't expect to find security as an employee or self-employed person.

Being a small business owner and having a wealthy father, most of that already seemed pretty obvious to me. Maybe for those who did not grow up around business owners this basic statement being repeated over and over is of value. I don't know.

You could easily gain what this book offers by opening excel and working up an income statement and balance sheet for yourself, and then finding ways to increase the number of items in the income column, and reducing the number of items in the expense column. Once you look at life as a balance sheet and income statement - life choices become much easier.

The hard part (starting that company or finding that investment) is not a topic of this book, so don't expect to find any advice on that topic here.

Rating: 1 stars
Summary: If you've read RDPD, don't waste your money on this book!
Review: I really found Rich Dad Poor Dad to be an interesting and useful read, and was expecting this book to build on the foundation layed in that book. I was terribly disappointed. The Cashflow Quadrant is just a rather tiresome rehash of all the same material and theories that were in RDPD. In fact, even within CQ, the repetition of the same notions and ideas over and over again becomes incredibly irritating. You might come away with an opinion that this was a good book if you hadn't read RDPD before it, but if you have, don't waste your time or your money on this one.

Rating: 5 stars
Summary: Become a business owner - I agree!
Review: In this followup to Rich Dad Poor Dad, Robert Kiyosaki goes even deeper into the various quadrants and explains why and how anyone can go from the E to B to I to S Quadrants. And I am pleased to see that Kiyosaki is telling the truth about network marketing and why it is such a powerful S-Quadrant.

In fact, Kiyosaki offers two examples; one a friend who didn't have the money to start a conventional business so dove into network marketing and over time, built a very successful bsuiness.

The other was a real estate investor who was continually being probed by people on how to become rich. When he told people that he made his fortune in million dollar real estate deals, they were depressed because they knew that they did not have the capital of the skills to do that. So this guy got into network marketing solely to provide a vehicle that people with limited capital and limited sales skills could dive into and begin creating cash flow and residual income immediately. His circles of influence saw his success in network marketing and knew this was something they could do. And they succeeded!

Cash Flow Quadrant discusses the various quadrants. It describes the personalities of the people in each quadrant. And describes how to become more than a business owner but to reach the S-Quadrant, the ideal quadrant which provides financial and personal freedom. It gives you both time and freedom.

Rating: 5 stars
Summary: Great Info
Review: In typical Kiyosaki fashion, Cashflow Quadrant gives the reader some extraordinary advice about building wealth. The cashflow quadrant is represented by four squares, where the E square represents Employee, S equals self-employed, B is business owner, and I is investor.

The interesting point is that while many self-employed people see themselves as business owners, Kiyosaki believes a self-employed person is somebody who owns their job. A business owner is somebody who controls a business, but is not tied to its day to day operations. For example, a doctor is self-employed, and is limited in his ability to grow in wealth by his ability to work, while not being able to replicate himself. The owner of a service company, on the other hand, is able to hire a manager, build control mechanisms, and esentially leave the day to day operations to others, while collecting portions of the profit and being free to build other businesses.

This book is highly readable and takes off where the first Rich Dad, Poor Dad ended. I recommend this book to any aspiring wealth builder.

Rating: 5 stars
Summary: If You Liked Rich Dad, Poor Dad, You Must Read This One!
Review: Repetition is the source of mastery, and The Cash Flow Quadrant takes the excellent thinking in Rich Dad, Poor Dad and builds to another level of detail. This information will increase what you learned in Rich Dad, Poor Dad and help you begin the transformation from a salaried or self-employed person into a business owner and investor.

The definitions of these four quadrants are important. As an employee, you have a job. As a self-employed person, you own a job. As a business owner you have a system (such as a franchise like McDonald's) that produces cash flow for you and others work for you. As an investor, your money works for you. Rich people are getting more than 70 percent of their cash flow and income by having money work for them.

One of the strengths of the book is that it deals with the subtle psychological differences among people in the four different quadrants, especially on subjects like security and freedom. Kiyosaki and Lechter then do a nice job of helping you understand the difference between risky and taking risk. The latter is a good idea, when you know what you are doing, and the former is always to be avoided.

The book is not dogmatic, pointing out that good results can be reached in a variety of ways. You have to decide which ones are right for you. In general, you are encouraged to move from the employee and self-employed side for your income to the business owner and investor side. Then, take your cash flow and expand it into investments.

Another of the strengths of the book is to make it clearer what the advantages of income property are. In these Internet stock-crazed days, many are looking only to stocks and missing good commercial property opportunities.

There are lots of good questions you can use to help frame your road through the cash flow quadant. At a minimum, you will become much more financially literate. With the help of the 7 steps here for making the necessary changes, you should begin to make the transition.

The book has a nice conversational tone that turns personal economics into common sense examples and principles.

The downside of any book about changing your life is that you can read it much faster than you can master the lessons and apply them. I suggest that you schedule time to reread this book over the next 10 years. That's the best way to check up on yourself and how you are doing.

I do recommend that you read Rich Dad, Poor Dad first. You'll get much more out of this book if you do that. Then you'll begin to see opportunities where others see difficulties. Good luck with fulfilling your goals!

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: Simple yet Elegant & Vital
Review: The concepts of The Cashflow Quadrant can change your life.
Like other MAJOR self-help products, the concept is deceptively simple, which contributes to its elegance and power.

This book is a Charter Member of my Self-Help Collection, along with a number of KEY books that helped me to develop
the best aspects of myself as a man and as a person.

Other books and self-help products which are on par with this book are:

NEW SEX NOW: Life's Ultimate Pleasure
Giant Steps
How to Win Friens and Influence People
Self Matters
7 Spiritual Laws of Success
Ageless Mind, Timeless Body
THE 4 AGREEMENTS
The Power of Concentration
GODDESS WORSHIP

I believe that anyone who wants to be a great person would do well to study all of the above very sincerely.


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