The goal of all entrepreneurs should be to grow your assets to the point where the cash flow from all of your assets would be greater than your living expenses. The wealth receive 70% of their income from investments and less than 30% from their wages. And if at all possible they are using other peoples money. These people are most adept at making money work for them. Being a successful B requires ownership or control of systems and the ability to lead people. Individuals in this group know that if they left one of their businesses, that in a year they could come back and find it more profitable and better running than when they left. They recognize their own inability to perform all tasks well, so they hone their ability of finding and cultivating talented people to work for them. They hire competent talent and then delegate as much as possible. Their income is directly tied to how much they are working, meaning they effectively own a job. This group often has a hard time finding good work because they have such a high standard. Independence is very important to this group of people. This group would include doctors, lawyers, and all others who are selfemployed. They have a “Nobody does it better than me” mentality. They do not like to have their income be dependant upon other people. They shy away from risk and subsequently they see no need to become educated in the tools of finance. They desire security, and they seek out a lifestyle that will provide them with this. Chapter 2 – Different Quadrants… Different People The differences between E’s, S’s, B’s, and I’s. There are significant tax advantages to working in the B and I quadrants. Born: Ap(age 66), Hilo, Hawaii, United States Nationality: American Education: United States Merchant Marine Academy Spouse: Kim Kiyosaki Cashflow Quadrant by Robert Kiyosaki Part 1 – The Cashflow Quadrant Chapter 1 - “Why don’t You Get a Job?” Not all quadrants are equal. Robert Toru Kiyosaki is an American investor, businessman, self-help author, motivational speaker, financial literacy activist, and financial commentator. Kiyosaki also operates his own blog and maintains a monthly column on Yahoo Finance writing about his latest thoughts on global economics, investing, business, world financial markets, and personal finance. A financial literacy advocate, Kiyosaki has been a proponent of entrepreneurship, business education, investing, and that comprehensive financial literacy concepts should be taught in schools around the world. He has created three "Cash flow" board and software games for adults and children and has a series of "Rich Dad" CDs and disks. Rich Kid Smart Kid was published in 2001, with the intent to help parents teach their children financial concepts. Three of his books, Rich Dad Poor Dad, Rich Dad's CASHFLOW Quadrant, and Rich Dad's Guide to Investing, have been on number one on the top 10 best-seller lists simultaneously on The Wall Street Journal, USA Today and the New York Times. He has written over 15 books which have combined sales of over 26 million copies. Kiyosaki is well known for his Rich Dad Poor Dad series of motivational books and other material published under the Rich Dad brand. Robert Toru Kiyosaki (born April 8, 1947) is an American investor, businessman, self-help author, motivational speaker, financial literacy activist, and financial commentator.
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