Cashflow Quadrant: Rich Dad's Guide to Financial Freedom
Author: Robert T./Lechter Kiyosaki, Robert T. Kiyosaki, Sharon L. Lechter
List Price: $17.95
Our Price: Click to see the latest and low price
ISBN: 0446677477
Publisher: Warner Books (01 April, 2000)
Sales Rank: 194
Average Customer Rating: 4.08 out of 5
Customer Reviews
Rating: 5 out of 5
Most phenomenal book on finances I have ever read!
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 out of 5
Excellent and simplistic....read "Rich Dad Poor Dad" first.
This book expands the philosophies and techniques Robert Kiyosaki learned from his "Rich Dad" and applies seven steps toward the end of the book on how to obtain the goal of financial wealth. Though you may not want to start out homeless to work you way to millions (Don't quit your day job just yet) as Mr. and Mrs. Kiyosaki did, Mr. Kiyosaki explains in a fascinating manner how risky being an employee in a safe secure job can be and the benefits of owning your own business and the progression of becoming an investor. For those who are looking for the "Get Rich Quick" formula, this book along with the predecessor "Rich Dad Poor Dad" are not the books for you. Go to Las Vegas or play Lotto instead.
This book forces you to look at your current situation and makes you think on what steps are needed to obtain your future financial goals. Hence the "Cashflow Quadrant." If you love where you are financially, then this book may be a waste of time. If you feel a need for a change then I highly recommend this book. However please read "Rich Dad" first.
Rating: 4 out of 5
Which one are you?
More in-depth than the first book, yet he is still careful not to put out too many specifics (i.e. step-by-step instructions on how to make yourself rich.) Why? First, the world of business is ever changing and the book would quickly become obsolete, and secondly, the specifics are covered in Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!"The Cashflow Quadrant is about the four different types of people who make up the world of business, who they are and what makes individuals in each quadrant unique." Think of it as the sociology of individual's income.
He goes into detail about the Employee (E), Self-employed (S), Business Owner (B), and Investor (I), and how each person/quadrant generates their income, invests, and where their money goes. Kiyosaki uses a simple box graphic that shows the flow of money through a person's balance sheet and income statement.
Kiyosaki also has you answer questions to see where you stand in the quadrant and what quadrant(s) you would like to be in. From there, he explains how you can move from one quadrant to another, or utilize the power of two or more quadrants. It may seem a little invasive to some, but then again, how will you know where you want to go if you don't know where you are?
Some of the topics covered are:
Money phobias (making it and losing it)
Industrial Age vs. Information Age
Emotional IQ is stronger than rational thinking
What is BE-DO-HAVE?
Difference between risk and risky
Asset vs. liability
7 Steps to financial freedom
How the rich make money even when the market is sliding
Whose advice are you taking? and why it isn't working
Franchises
Self-assessment
Being the bank, not the banker
Pension plans
I highly recommend this book to everyone, but ESPECIALLY to those of you that are lost when it comes to investing, money, cashflow, and why your neighbor is a millionaire (and has all the time in the world to play golf and take his kids to baseball practice.) I recommend you read his first book "Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!" It's a primer to this book (and many others) but will give you a solid understanding of where he is going with this book. You don't have to, but it only takes about a day to read.
Similar Products
Rich Dad's Retire Young, Retire Rich
Rich Dad's Advisor's: Own Your Own Corporation
Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!
Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!
Real Estate Riches: How to Become Rich Using Your Banker's Money
Book Index