Rich Dad's Cashflow Quadrant: Rich Dad's Guide to Financial Freedom Paperback – May 1 2000
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About the Author
A 4th-generation Japanese American, Kiyosaki was educated in New York before joining the U.S. Marines and serving in Vietnam as a helicopter gunship pilot. In 1977 he founded a company producing Nylon and Velcro 'surfer' wallets which became a multi-million dollar business.
This is one of the best of the Rich Dad Poor Dad audios. The core idea in this series is that being an investor or business owner gives one more freedom and a higher upside than being someone else's employee or being an owner-operator of a business. With vivid personal stories, the authors show that many people, including the author's "poor" dad (an educational administrator), choose working for others because of insecurity or misguided trust in organizations. One builds true financial freedom by accumulating assets that make money, especially rental property. Though others have offered this advice, it's clearer and more potent here, and worth listening to many times if your financial insecurity or complacency needs a push. T.W. © AudioFile 2003, Portland, Maine-- Copyright © AudioFile, Portland, Maine --This text refers to the Audio Cassette edition.
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Top Customer Reviews
I thought Rich Dad could have used tighter editing, and if it had, it would have been a much shorter book. CQ is exactly the same way, meaning that if both were edited down to avoid repetition, they could be combined into a single, highly-informative book of about the same price.
Am I exaggerating? Perhaps, but consider that this is my impression based on the ABRIDGED audio version.
But I digress. The real question is how informational this book is. To be sure, there is a good bit of information here, but I felt a little disappointed by the end. Kiyosaki spends most of the book stating why we should change but only a very brief conclusion tells us how to begin the process.
I still have more questions than answers, and I'm starting to wonder if the Rich Dad series will actually tell me what I need to know. For example, Kiyosaki says you should typically become a B (business owner) before becoming an I (investor). What is the next book in the series? Rich Dad's Guide to Investing. *Sigh* I want to take your advice and build a corporation.Read more ›
This book is a great financial tool for anyone who has had financial problems in the past (or currently), business people, investors, or anyone with a desire to have a greater understanding of what money is and how we can make it work for us instead of us always having to work for it (i.e. avoid being a slave to money both in terms of emotions and desires, as well as in our career lives and businesses).
Kiyosaki details the various types of Investors. He details 7 levels or 'types' of investors, and gets his reader to find out which level they currently operate on, and how they can move from one level to the another. And why, perhaps, a change in level is needed.
One of my favorite sections of the book is part 3 titled "How to be a Successful "B" and "I." In this part, Kiyosaki describes how to go from your current financial state to a better financial state with one short term goal and one long term plan (a 1 year goal, and a 5 year plan). Moreover, he describes the differences between that which is a risk, and that which is risky, how to work around your financial fears, making setbacks and disappointments into strengths, and choosing proper mentors to gain good financial advice. Overall, this is an excellent book to begin your personal financial growth, I highly recommend it.
"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?Read more ›
Most recent customer reviews
Really good. Understand better now with the book compare to the fast explanations of my coatchPublished 10 months ago by Lou ida gauthier
Great book !! Apply what's written in it, and you'll see results ! It gives you knowledge to succeed financially ! I recommend it to everyone !!Published on March 7 2014 by Mily
Great book! 5 stars, if you have been thinking about reading this book just do it because it is well worth the time. Great author.Published on Sept. 12 2013 by Corbin
Rich Dad's Cashflow Quadrant: Rich Dad's Guide to Financial Freedom by Robert T. Kiyosaki is a book for people that want a change in there financial lifePublished on May 22 2013 by Sean
I bought this book about 3 years ago. I'm already financially independent using various cashflow strategies from the book. Read morePublished on July 10 2005 by Dan B.
In this followup to Rich Dad Poor Dad, Robert Kiyosaki goes even deeper into the various quadrants and explains why and how anyone can go from the E to B to I to S Quadrants. Read morePublished on July 6 2004 by CyberMan
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