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Title: Cashflow Quadrant: Rich Dad's Guide to Financial Freedom by Robert T. Kiyosaki, Sharon L. Lechter ISBN: 0-446-67747-7 Publisher: Warner Books Pub. Date: 01 April, 2000 Format: Paperback Volumes: 1 List Price(USD): $17.95 |
Average Customer Rating: 4.08 (214 reviews)
Rating: 5
Summary: This is how the rich stay rich
Comment: 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: 5
Summary: Most phenomenal book on finances I have ever read!
Comment: This is a great follow-up to RICH DAD, POOR DAD. CASHFLOW QUADRANT goes into much greater detail and will help you come to a better understanding of why " the rich get richer and the poor get poorer". The concepts are very simple and yet this is the first book that I have read that teaches anyone how to become a business owner or an investor in simple terms that anyone can understand. It is totally new information on the market, not a rehash of hundreds of other books on finances. Mr. Kiyosaki's discussion of the importance of " business systems" as opposed to a great new product or idea is worth the price of the book. I have also had the privilege of hearing him speak on two occasions and would give him 5 stars on his public presentations, as well as his books. If you are frustrated with your financial situation in life after reading lots of self-help and financial books, as I was, I highly recommend CASHFLOW QUADRANT. I believe it will change your life as dramatically as it has changed mine.
Rating: 5
Summary: Excellent Personal Finance Book
Comment: Kiyosaki divides cashflow into 4 (thus 'Quad') Quadrants or "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, and each quadrant. 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.
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 and businesses).
Kiyosaki details the various types of Investors. He details 7 levels or 'types' of investors, and gets his reader to find out which level they currently operate on, and how they can move from one level to the another. And why, perhaps, a change in level is needed.
One of my favorite sections of the book is part 3 titled "How to be a Successful "B" and "I." In this part, Kiyosaki describes how to go from your current financial state to a better financial state with one short term goal and one long term plan (a 1 year goal, and a 5 year plan). Moreover, he describes the differences between that which is a risk, and that which is risky, how to work around your financial fears, making setbacks and disappointments into strengths, and choosing proper mentors to gain good financial advice. Overall, this is an excellent book to begin your personal financial growth, I highly recommend it.
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