How To Obtain Financial Freedom
What quadrant are you? Is that correct?
What quadrant are you? Is that correct?
Are you free from the financial point of view? The cash flow quadrant was written for you if your life HA come to a hamlet financially. If you want to take control of what you do to change your financial fate it aid to plan your route.
This is the cash flow quadrant: The letters in each quadrant represent: E: for employee A: for self-employed D: for business owner I for investor
Each of us is at least one of the 4 quadrant of the cash flow quadrant. The place where we are is determined by the site from which our cash. Most checks depends on your salary and are therefore employees, while others are self-employed. employee and selfemployed are located on the left flow Quadrant
money.
The right side of the Quadrant cash flow is for person who receive their cash from business that have or have investments. The cash flow quadrant is about the four different types of people that make the business world, who and what causes individuals in each quadrant are unique. It will help you determine where in the quadrant you are now and plan your route to where you want to be in the future, to choose their own path to financial freedom. While financial freedom can be found in all four quadrants, the skills of a "D" or an "I" will help you reach your financial goals faster. An tocopherol successful must also become an I successful.
"What do you want to be when you grow up?"
This book is in many shipway the sec part of my book Rich dada Poor Dad.
For those who may not read Rich dada Poor dada this is treatment of the different lesson that both my parent taught me on the topic of money and life choices. One of them was my real father and the other was the father of my best friend. One had a great education and the other dropped out of high school. One was poor
and the other rich.
Whenever I formulated the question: "What do you want to be when you grow up?", My father, educated but poor, he recommended:
Go to school get good class and find a secure job.
My poor dada advised me to choose to become an tocopherol (employee) very well paid or a professional A (selfemployed) equally well paid as a doc attorney or accountant. My poor father was very worried about getting a stable salary, fringe benefits and job security. So it was an functionary
wellpaid authorities the instruction manager of the state of Hawaii.
Moreover my rich dada who had little instruction I offered a very different advice. He recommended
This book is about the process mentally emotionally and educationally by I went through to take advice from my rich dad.
Who This Book
This book is written for people who are ready to change quadrants.
This book is primarily intended for person who are currently in the tocopherol and A and they think they want to calciferol or I. It is for people who are ready to move beyond occupation security and begin to achieve security
This is not an easy route in life but the terms at the end of the journeying brand it worthwhile. Is the way to financial freedom.
My rich dada told me a simple narrative when he was 12 age old who HA guided me to a wealthiness and financial freedom. That was the manner my rich dada explained the difference between the left side of the cash flow quadrant (quadrants tocopherol and A) and the right (quadrant calciferol and I).
The story says:
There once was a quaint little village. Was a great place to live, except for one problem: the village had no water unless it rained. To solve this problem once and for all, the village elders decided to submit to tender a contract to supply water to the village on a daily basis. 2 people volunteered to carry out the task and the elder awarded the contract to both.
They felt that a little competition would keep price low and ensure a backup water supply.
The first of the 2 winner of the contract Ed immediately went out came back with 2 galvanized steel bucket and began acorrer back and forth along the route to the lake which was a mi away. Ed began to gain money immediately to work from morning till night hauling water from the lake in two buckets. second emptied into a large concrete tank the settlement had built
Every morn I get up before everyone else to make sure people quehabra sufficiency water when they desired it. It was hard work but he was happy because he was making money and it was one of the 2 exclusive contract for this business.
The sec victor of the contract measure disappeared for a while. He was not seen for several months, which made Ed very happy since he had no competition. Ed was making all the money." Instead of buying two buckets to compete with Ed, Bill had written a business plan, created a corporation, found four investors, employed a president to do the job and returned six months later with a group of construction workers. After a twelvemonth his squad had built a stainless steel pipe that connected aa large settlement with lake
During the thousand gap ceremonial measure announced that his water was cleanser than Ed measure knew he had complained that the water was dirty Ed. Bill also announced that he could supply the village with water 24 hours day, seven days a week. Ed could only deliver water on weekdays: did not work on weekends. Soon, Bill announced it would charge 75% less than Ed for this water supply, more reliable and better quality. resident the settlement
cheered and ran to the tap at the end of bill pipeline.
In order to compete Ed immediately lowered his terms by 75 got 2 more bucket added screen to his bucket and began immediately to carry 4 bucket each trip. To provide better service, he hired his two sons for him help on the night shift and during weekends. When your child
went to college he told them to hurry back because someday this concern volition belong.
For some reason their child did not return after college.
Eventually Ed had employee and brotherhood problems. The brotherhood was demanding higher reward better benefit and wanted its member volition entail only one pail at a time.
For his part measure realized that if this settlement needed water then other village must need it too. Rewrote his concern plan and went to sell clean water scheme of high speed high volume low cost to village around the world.
He just earned a penny per pail of water delivered but delivered billion of bucket of water daily. Whether it worked or not, billions of people consume billions of buckets of water and all that money was deposited into your bank account. measure developed the pipe to take money for himself and to bring water to the villages.
measure lived happily ever after and Ed worked hard for the rest of his life and always had financial problems. Financial
The narrative of measure and Ed HA guided me over the years. It HA helped me to carry out the determination making process in my life.
Am I building a pipeline or hauling buckets? Am I working hard or working smart?
And the answer to those question have made me free from the financial standpoint.
And thats what this book is about. It's about what it takes to become a "D" or an "I". It is for people who are tired of hauling buckets and are ready to build pipelines carrying cash into their pockets ... and not their pocket inside out.
SOURCE: The Cash Flow Quadrant, Robert Kiyosaki
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You tin also download the audiobook The Perfect concern by Kiyosaki from my blog.
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