'Cash Flow Quadrant' Robert Kiyosaki
The philosophy of Rich Dad was built from a simple lesson learned by Robert Kiyosaki at an early age. He had two dads – one rich and one poor.
Robert's poor dad, his natural father, was highly educated, the head of the Hawaiian school system, and enjoyed a decent salary. Yet, he constantly complained about having being broke and continually said, "I can't afford it."
Robert's rich dad, his best friend's father, was a high-school dropout building a business. He wasn’t wealthy. Yet, he constantly enjoyed the finer things in life and always asked, "How can I afford it?"
The contrast between Robert's two dads taught him a great lesson. Robert realized his poor dad's outlook suppressed his dreams and closed his mind to the possibility of financial freedom. He died penniless and full of regret.
His rich dad's outlook elevated his dreams and opened his mind to life's possibilities. He achieved great wealth, financial freedom, and enjoyed life to the fullest.
Both were good and highly capable men. But only one lived richly.
Visit http://richdad.com
Robert's poor dad, his natural father, was highly educated, the head of the Hawaiian school system, and enjoyed a decent salary. Yet, he constantly complained about having being broke and continually said, "I can't afford it."
Robert's rich dad, his best friend's father, was a high-school dropout building a business. He wasn’t wealthy. Yet, he constantly enjoyed the finer things in life and always asked, "How can I afford it?"
The contrast between Robert's two dads taught him a great lesson. Robert realized his poor dad's outlook suppressed his dreams and closed his mind to the possibility of financial freedom. He died penniless and full of regret.
His rich dad's outlook elevated his dreams and opened his mind to life's possibilities. He achieved great wealth, financial freedom, and enjoyed life to the fullest.
Both were good and highly capable men. But only one lived richly.
Visit http://richdad.com
what side are you on?
This is the cash flow quadrant, designed by Robert Kiyosaki.
Robert discovered over the years that just about everyone falls in to one of 4 sectors.
Those on the left usually being poorer than those on the right.
Look around you and you will see the evidence, people in the Employee sector enjoy a supposedly safe and hopefully secure income, with paid time off, health care and a pension.
This sector is usually low paid or average and make up around 85% of the population.
The Self Employed sector makes up around 10 % of the population, this is where you are your own boss and you can, depending on experience and competition, command what you deem to be fair for your time, you have the flexibility to work the hours you choose, although your working hours are mainly dictated by your customer.
Sounds very attractive at first glance, but comes with flaws, it can be expensive setting out on your own, there is no health cover or pension.
You only get paid when you work, so no ill health or you will be out of pocket.
If your a skilled trades person, what happens if you loose the use of your hands for example if your a plumber?
You have to be brave and skilled to become self employed.
Want find out about the Right hand side of the quadrant ?
Read on...
Robert discovered over the years that just about everyone falls in to one of 4 sectors.
Those on the left usually being poorer than those on the right.
Look around you and you will see the evidence, people in the Employee sector enjoy a supposedly safe and hopefully secure income, with paid time off, health care and a pension.
This sector is usually low paid or average and make up around 85% of the population.
The Self Employed sector makes up around 10 % of the population, this is where you are your own boss and you can, depending on experience and competition, command what you deem to be fair for your time, you have the flexibility to work the hours you choose, although your working hours are mainly dictated by your customer.
Sounds very attractive at first glance, but comes with flaws, it can be expensive setting out on your own, there is no health cover or pension.
You only get paid when you work, so no ill health or you will be out of pocket.
If your a skilled trades person, what happens if you loose the use of your hands for example if your a plumber?
You have to be brave and skilled to become self employed.
Want find out about the Right hand side of the quadrant ?
Read on...
90 % of the worlds money is owned by 10 % of the worlds population.
These people are the wealthy the super rich, for example someone in the B ( Business Owner ) sector owns multiple businesses, they take a percentage of the profits from each business as their income.
The reason why most business owners have more than one business is that if one does not succeed they do not loose everything, a good example of this is Donald Trump and Richard Branson both own many businesses and are worth fair amount of money.
Then there are the investors, these are the people who like to gamble on how well they believe companies or currencies are going to perform in the future it takes someone special to do this , that is why they are paid huge sums of money.
These people are the wealthy the super rich, for example someone in the B ( Business Owner ) sector owns multiple businesses, they take a percentage of the profits from each business as their income.
The reason why most business owners have more than one business is that if one does not succeed they do not loose everything, a good example of this is Donald Trump and Richard Branson both own many businesses and are worth fair amount of money.
Then there are the investors, these are the people who like to gamble on how well they believe companies or currencies are going to perform in the future it takes someone special to do this , that is why they are paid huge sums of money.
How To Move To The Right Side.
Take a look at the Video below of the man himself explaining the Cash Flow Quadrant.
8 Steps To The Right Side
As with everything worth while there is no quick and easy road, anything worth having is worth working for.
We don't suggest to have all the answers but we do have some .
Here are some Key steps to move from the left to the right.
1) You have to have a goal
2) You have to find your passion
3) You have to get financially educated
4) You have to have a mentor
5) You have to have the right vehicle
6) You have to surround yourself with like minded people
7) You have to be coachable & teachable
8) You have to be humble
These are some of the steps you will need to follow in order to shift from the left side to the right side.
Destination Success will guide you through every step and more, including tips and information on how to control your finances.
we will even provide options for multiple streams of income.