Review on the book, CashFlow Quadrant by Robert Kiyosaki.
Robert's books is one of those money books which if you read with an open, beginner's mind, will get you fired up to try investing. The first investment I ever made was after I read his book, Rich dad, Poor dad, although what I put my money into wasn't an investment persay. That was last two years when Mavro entered Nigerians with the money doubling game. Initially, I didn't buy the MMM idea but after I had gone half way into the book, my morale chant was "everything in life involves taking risk". Which is true by the way, just that I took an unintelligent risk. So you get the point. The book got me pumped up to try investing - making money work for you.
CashFlow Quadrant is sequel to the book Rich dad, Poor dad, detailing more steps and guide to financial freedom. The books is about choosing new options, new direction and a new financial future. Better put, it's the foresight into investing. The author who's an entrepreneur and an avid investor explains the four different paths people get their income, and those four paths make up the Cashflow Quadrant.
E - employees (has a job)
S - self employed (owns a job)
B - business (builds a system and employs people)
I - investors (invests in this systems)
He dissected the different quadrants and how they react to money talks and investments. Basically, the book is geared to reform people's (the E's and S's) mindset and how they see money. The cashflow quadrant is divided into two sides; the left side which includes the E's and S's and the right side made up of the B's and the I's. Check the Review Highlight to get the full gist.
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