|
Cashflow Quadrant: Rich Dad's Guide to Financial Freedom (平装)
by Robert T. Kiyosaki and Sharon L. Lechter
| Category:
Personal finance, Personal wealth, Investment, Self help |
| Market price: ¥ 198.00
MSL price:
¥ 178.00
[ Shop incentives ]
|
| Stock:
Pre-order item, lead time 3-7 weeks upon payment [ COD term does not apply to pre-order items ] |
MSL rating:
 Good for Gifts |
| MSL Pointer Review:
A sequel to Rich Dad, Poor Dad, but more focusing on cashflow dynamics, this book is an eye opener to those who are still caught in the rat race yet struggling to get out. |
| If you want us to help you with the right titles you're looking for, or to make reading recommendations based on your needs, please contact our consultants. |
|
| |
AllReviews |
1 Total 1 pages 9 items |
|
|
An Amercian reader (MSL quote), USA
<2007-01-12 00:00>
Financial Freedom is power measured by the quality of life. In America, power and respect is gained by how much energy you can positively distribute in the period of a day.
Do you plan to spend your nights having fun "all night long" with a flip-flop "entitlement" attitude towards success?
Kiyosaki shook me "all night long" with his first book, Rich Dad, Poor Dad. I was expecting a litany of nutty "guru" suggestions. However, he provides concise examples of how we should prepare ourselves for a completely new set of rules called the Information Age.
I had the distinct privilege of watching Mr. and Mrs. Kiyosaki speak at the Los Angeles Convention Center in Los Angeles. I assumed that he and his wife were going to be pretentious and arrogant. I was wrong. I should have remembered the cool and good-natured temperament of several of my friends from the great state of Hawaii. The Kiyosaki's have the same charm. I should have known that their presentation would be sincere, brilliant, simple to understand and passionate; not only about being wealthy, but also about being 'wealthy' with people, sharing and enjoying your life with others by having the power to make your own decisions. These are the simple fundamental themes they teach! And in America, we forget that we are not dependent on anyone but ourselves for our success. Huge shift in my thinking!
Cashflow Quadrant does something phenomenally different than everything else I have encountered. Rather than delivering his assumptions in a boring chronological order, or in cut and paste boiler-plate fashion, he presents his ideas in four dimensions!
Games and simulation software uses multi-dimensional training also. Mr. Kiyosaki offers games for gaining a better understanding of his four quandrants. Buy them! Complex topics are quickly absorbed and easier to comprehend. I believe this type of training is exceptional. It provided a diverse interaction that kept me actively engaged.
Jump off the boat (Industrial Age), and sink or swim with the sharks in the Information Age. The water feels great!
|
|
|
Kevin Kingston (MSL quote), USA
<2007-01-12 00:00>
If you are stuck in what Robert Kiyosaki calls the rat race, or a regular 9-5 and dream of financial freedom, you may need a change in your financial philosophy, or the way you look at how money and more particularly net worth is created. That's right, created.
I read this book right after the first Rich Dad, Poor Dad book around 2000, and it played an important roll in my transformation from a Wall St. stock broker to the co-owner of a real estate holding company with over $25,000,000 in real estate. (In 5 years)
In my opinion the most important concept to understand is how assets create wealth. Especially large, leveraged assets. The second concept and if this is not fully understood the first concept can be disastrous, is to fully understand cash flow.
That's basically it; you get these two, and I mean really get them then there is no stopping you. I've read about hundreds of other real estate and business giants and the main thing that brings down the majority of them is they understand the 1st concept but forget the importance of the second. Guys like Warren Buffett, Charlie Munger, Ron Perelman, Larry Tisch, Harry Helmsley and tons more are not at all afraid of leverage, but they are scared to death of overestimating cash flow.
The book may seem so basic, but the concepts weigh so heavy in determining ones financial future.
|
|
|
Kristen (MSL quote), USA
<2007-01-12 00:00>
I read this book from front to back. It is full of repition and seems as if the publisher was just out to get money(Afterall, I think he owns the publishing company).
In all honesty, I do recommend the book, but don't expect to get alot out of this book. Like with anything, there is competition. He's not going to divulge all of his secret, since you're going to be his competition. He writes this book to give a little bit of information covered by a whole lot of ambiguity. He keeps saying, "pay yourself first", but never discusses how to avoid "the man".
In any case, sort through all of the repition, all of the self-contradicting statements, and learn the core of what he talks about. Hes got many.. MANY good points, but they are hidden very well, and some are single setences in the most boring of stories. Keep learning from other books, and don't stick to this series.
However, I do recommend this and Rich Dad, Poor Dad highly, since it'll get you thinking outside of the box. The last few pages of this book sum it up clearly. It is just to get you thinking another way. He does a great job of doing that.
|
|
|
Mike Walker (MSL quote), USA
<2007-01-12 00:00>
This book is designed to work on your emotional and mental approach to financial well-being and should not be expected to be a "How To" book. As the author states in the book; there are plenty of step by step books out there but few if any deal with the misconceptions and fears one deals with when trying to learn about money and becoming rich.
At first I was disappointed that this book didn't hold my hand and show me what to do every step of the way. But after reading it, I realized that it's approach is useful: You have to change your frame of mind regarding money and how you look at your life, your spending habits, whether you accumulate debt for frivolous things or for assets that will help provide you income. Why do 80% of lottery winners wind up bankrupt within 5 years of winning their millions? Because they haven't changed their approach to money and spending. So, if you want to learn a different, more effective approach to money and riches, this book is a great start. If you're looking for a step-by-step plan to become rich, you'll probably be disappointed in this book.
|
|
|
Kelly Pierce (MSL quote), USA
<2007-01-12 00:00>
As the title suggests, this book has changed forever how I think about earning and making money and investing. The book is highly accessible and easy to read. As someone wwho found the ideas here new to me, the storytelling, personal examples, and extended deescriptions of an idea made the book relevant, concrete, compelling, and real for me. Others have criticized the book for all of that. however, robert did not write or want to write a textbook here! The book is an educational tool for the average person and for me it has succeeded wonderfully. The author has identified several books he has found very useful and I am now reading them. They are yielding even more information and expanding on the author's ideas. There are tons of books out there that reach a conclusion and try to convince you of an idea. If you want a thorough explaination of how the world of moneymaking works, then this book is for you. |
|
|
Shane Brew (MSL quote), Canada
<2007-01-12 00:00>
Cashflow Quadrant by Robert Kiyosaki is the second book in his "Rich Dad" Series. This book picks up where Rich Dad, Poor Dad left off and continues on to describe the "Cashflow Quadrant", or a categorization of where income can flow from. This model includes 4 quadrants which are: the E (Employee) quadrant, the S (Self-Employed) quadrant, the B (Business) quadrant, and the I (Investor) quadrant.
Essentially, Robert states that in order to become wealthy, the quickest way to do this is in the B and I quadrants. The whole first part of the book is dedicated to this by explaining the different advantages of the B-I quadrant over the E-S quadrants. The main reason is that the rich use their money to buy assets (such as paper assets, businesses, and real estate) while the poor buy liabilities.
The second part is about becoming who you want to be. This basically states that fear is what stops most of us from becoming who we want to become. Thus Robert tries to show that the E-S quadrants are in fact much riskier than the B-I quadrants and then gives a bit of information about over coming fear which is limited to learning more, controlling your internal voice, and getting a mentor.
The final part goes into how to move to the B-I quadrants. Robert is far more focused on getting the reader to change their thinking rather than changing their action first, which makes this book a little annoying at first. However continue on doing what Robert suggests and the advice really does pay off in the end.
I really liked that Robert referred to multiple other books through, and included a recommended reading list at the end of his book. While this definitely not a "how-to", this book is essential for anyone looking to become wealthy.
|
|
|
An American reader (MSL quote), USA
<2007-01-12 00:00>
Robert Kiyosaki, author of the best-seller on personal finance, Rich Dad, Poor Dad comes back with Cashflow Quadrant. This time around he goes into the differences between the people who struggle in the "rat race" (the Employee and the Self-Employed type, or the left side of the Cashflow Quadrant) and those that are on the "fast track" (Business Owners and Investors, or the right side of the Quadrant). As much as this sounds like "deja vu" for those who read "Rich Dad..," this book can be considered as a general practical complement to it, rather than a mere repetition of it.
Chapter 5 is particularly interesting as he describes what he considers to be the 7 levels of investors, ranging from the one who has nothing to invest and the borrower, to the sophisticated investor and the capitalist. It puts a mirror in front of you, by making you question which level you are in, where do you want to be and how you can get there.
Chapter 6 and beyond are true eye-openers for the uninitiated: "the name of the game is 'Who is indebted to who?'." It becomes apparent from reading the last part of the book how easily, because of our low emotional IQ, we fall prey of our fears and greed and end up sinking further into the "rat race."
Finally, the book wraps up with some very good pieces of advice (seven steps to help you find your financial fast track). I've already taken step 1 (minding my own business) and I'm currently working on step 2 (taking control of my cash flow).
As much as its predecessor, Rich Dad, Poor Dad, it could use more editing (it sometimes jumps between topics without much structure), yet... then again, this is not a Literature Nobel prize winner writing! All in all, the book coves some ground which the first one only insinuated. If you haven't read Rich Dad, Poor Dad yet, start with this one. There is nothing in Rich Dad books that this book won't provide as well, and there's a whole lot more. |
|
|
An American reader (MSL quote), USA
<2007-01-12 00:00>
I have shelves of finance books going back 20 years and this is the only one that I recommend; and the only one I return to for a little reinforcement. The concept of the different quadrants is a giant eye-opener, along with the psychology to advance from one of them to another.
Do the quadrants matter? You tell me, "the left side of the quadrant pays to take a risk but the right side of the quadrant receives money to take a risk." Wouldn't you like to know how to move from one side to the other now? There are many gems in this book about investors, taxes, managing money, and psychology. Some of the major ideas are from Keith Cunningham and John Burley, but they are very useful.
A criticism of mine when I first read the book years ago, was getting the next level of detailed information to move forward. But for a general public introduction, it would be ridiculous and go out of date soon.
I've read six other Kiyosaki/co-authored books, and they offer average benefit for their area, but this one is still a giant winner to me. And if you think I'm an easy mark for these books, take a look at my other reviews. |
|
|
Ron (MSL quote), USA
<2007-01-12 00:00>
One of the things I learn from the book is that ideas is where money is made, but ideas w/o action takes you no where. Most people fear the unknown, but by not taking action or to get up after a fall.. they never really reach their real potential. This book shows that success is built on experience which in turn is built on failures and mistakes which in turn is built on the desire to keep learning. The poor run from failure and mistakes while the rich learn from them.
A poor boy is afraid of the ocean. But he see's something big in the ocean. So he gets his feet wet first. Then building his confidence he gets his whole body wet. He knows he will struggle.. but eventually he learns to swim either on his own or by learning from experienced swimmers. He becomes exerience enough to bring tools with him to catch FISH! He knows he can only can catch so many by himself so he trains others how to fish using his "system". But first he must teach them courage, but that already comes with the "system". Now he thinks bigger so he uses that money earned from the system and invests in a fishing boat.. and builds a "new system" and catches even more fish! He sells the system to others and lives off the royalties.
Courage to get your feet wet can open new doors and opportunities that others may never seize. (An American reader)
In typical Kiyosaki fashion, Cashflow Quadrant gives the reader some extraordinary advice about building wealth. The cashflow quadrant is represented by four squares, where the E square represents Employee, S equals self-employed, B is business owner, and I is investor.
The interesting point is that while many self-employed people see themselves as business owners, Kiyosaki believes a self-employed person is somebody who owns their job. A business owner is somebody who controls a business, but is not tied to its day to day operations. For example, a doctor is self-employed, and is limited in his ability to grow in wealth by his ability to work, while not being able to replicate himself. The owner of a service company, on the other hand, is able to hire a manager, build control mechanisms, and esentially leave the day to day operations to others, while collecting portions of the profit and being free to build other businesses.
This book is highly readable and takes off where the first Rich Dad, Poor Dad ended. I recommend this book to any aspiring wealth builder. |
|
|
|
1 Total 1 pages 9 items |
|
|
|
|
|
|
