Rich Dad's Cash Flow Quadrant: Book Review
After reading this book, I am well informed of the type of changes I need to undergo and what it takes to get to the B and I side of the quadrant. It's a total mindset and behavioral change as I myself operate out of the E quadrant. The activities carried out by a person on the B and I side will not make any sense to the person on the E or S side. Some of the many new ways of thinking emphasized in the book that I have to adopt are:
Working for free: There will not be any positive cash flow coming in during the initial period of a startup.
Delayed gratification: Many people want to solve their money woes instantly. But it's only through patience and diligently increasing our financial intelligence that we will be rewarded later on by taking small steps each day.
Investing is not risky: Without the proper knowledge and skill, many people will find investing risky as they have lost money previously in the stock market or mutual funds through some unreliable source. To them investing is like gambling.
Finding mentors: They are there to guide you through your journey. They are people who you can turn to when you run into trouble.
Making mistakes: Expect things to go wrong and learn from the mistakes made. Losing is part of winning.
Time is your most valuable asset: The rich spend money to save time whereas the poor and middle class spend time to save money.
This book is a must read for people who are thinking of embarking on the process of becoming financially free. I would also like to recommend that you read Rich Dad Poor Dad first if you have not done so. Rich Dad Poor Dad provides the financial basics and fundamental concepts needed for Rich Dad's Cash Flow Quadrant Get it now!
Related Tags: invest, financial freedom, cashflow quadrant, work for free, delayed gratification, finding mentors
Copyright Raymond Heng Nov 2006 All rights reserved.
Please visit my home page or this website to read reviews and purchase Robert Kiyosaki's books.
This article is published and protected under ™Express Learner of Raymond Heng
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