It should not be assumed that you can instantaneously jump from B to I.ħ. Looping between the B and I quadrants is the best way to make money, although there is a significant difference between the two. Most people focus on income instead of investments.Ħ. The rich know that the best way to avoid taxes is to generate income out of the B and I quadrants.ĥ. The reason many people struggle financially is that the more money that they make, the more taxes and interest on debt they pay.Ĥ. Financial Intelligence is not so much how much money you make, but how much you keep, how hard that money works for you, and how many generations you keep it for.ģ. On the left hand side of the CFQ you have security, on the right hand lies freedom.Ģ. Bearing risk is a necessary component of becoming wealthy, therefore it is something to understand and manage as opposed to flee from.Ĭhapter 3 – Why People Choose Security Over Freedomġ. Warren Buffet says that portfolio concentration is better than diversification. Wealth - The number of days you can survive without physically working, and still maintain your standard of living. The goal of all entrepreneurs should be to grow your assets to the point where the cash flow from all of your assets would be greater than your living expenses. The wealth receive 70% of their income from investments and less than 30% from their wages.ġ. And if at all possible they are using other peoples money. These people are most adept at making money work for them. Being a successful B requires ownership or control of systems and the ability to lead people.ġ. Individuals in this group know that if they left one of their businesses, that in a year they could come back and find it more profitable and better running than when they left. They recognize their own inability to perform all tasks well, so they hone their ability of finding and cultivating talented people to work for them. They hire competent talent and then delegate as much as possible. Their income is directly tied to how much they are working, meaning they effectively own a job.ġ. This group often has a hard time finding good work because they have such a high standard. Independence is very important to this group of people. This group would include doctors, lawyers, and all others who are selfemployed. They have a “Nobody does it better than me” mentality. They do not like to have their income be dependant upon other people. They seek out benefits with their jobs.ġ.
They shy away from risk and subsequently they see no need to become educated in the tools of finance. They desire security, and they seek out a lifestyle that will provide them with this. The differences between E’s, S’s, B’s, and I’s.ġ.
There are significant tax advantages to working in the B and I quadrants.Ĭhapter 2 – 2 – Different Different Quadrants… Different People Born: April Born: Ap(age 66), Hilo, Hawaii, United States Nationality: American Nationality: American Education: United Education: United States Merchant Marine Academy Spouse: Kim Spouse: Kim Kiyosaki Robert Toru Kiyosaki is an American investor, businessman, self-help author, motivational speaker, financial literacy activist, and financial commentator. Kiyosaki also operates his own blog and maintains a monthly column on Yahoo Finance writing about his latest thoughts on global economics, economics, investing, business, world financial world financial markets, and markets, and personal personal finance. A financial literacy advocate, advocate, Kiyosaki has been a proponent of entrepreneurship, business education, education, investing, and that comprehensive financial literacy concepts should be taught in schools around the world.
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He has created three "Cash flow" board and software games for adults and children and has a series of "Rich Dad" CDs and disks. Times. Rich Kid Smart Kid was was published in 2001, with the intent to help parents teach their children financial concepts. Three of his books, Rich Dad Poor Dad , Rich Dad's CASHFLOW Quadrant , and Rich Dad's Guide to Investing , have been on number one on the top 10 best-seller lists simultaneously on The Wall Street Journal , USA Today and the New the New York Times. He has written over 15 books which have combined sales of over 26 million copies. Robert Toru Kiyosaki (born April 8, 1947) is an American investor, businessman, self-helpĪuthor, motivational author, motivational speaker, financial literacy activist, and financial and financial commentator. Kiyosaki commentator. Kiyosaki is well known for his Rich Dad Poor Dad series of motivational books and other material published under the Rich the Rich Dad brand.
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