|
|
Cashflow Quadrant: Rich Dad's Guide to Financial Freedom (Paperback)
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. |
Detail |
Author |
Description |
Excerpt |
Reviews |
|
|
|
Author: Robert T. Kiyosaki and Sharon L. Lechter
Publisher: Warner Business Books
Pub. in: April, 2000
ISBN: 0446677477
Pages: 251
Measurements: 9 x 6 x 0.7 inches
Origin of product: USA
Order code: BA00560
Other information:
|
|
Rate this product:
|
|
- MSL Picks -
The second book in the Rich Dad series, Cashflow Quadrant defines where money comes from and how it is generated. The ways of generating money are broken into 4 quadrants: (E)mployee, (S)elf Employed, (B)usiness, (I)nvestor.
Kiyosaki describes the characteristics associated with each quadrant and the kinds of people that fall into each quadrant. The idea is to move to the more lucrative (B) and (I) quadrants, and Kiyosaki gives strategies on how to get there. Of course, it is all about how you think and the changes that need to take place when moving from one quadrant to the other.
Like the Rich Dad book, you are not going to get step-by-step advice on how to do it, just the ways you need to change your thinking to make it happen. I found the book helpful in categorizing the different ways in which income is produced and the advantages the (B) and (I) quadrants hold over the others.
It is true that Kiyosaki's books repeat the same general theme, but it is the brute simplicity of his message that make these books both powerful, and popular. To be wealthy:
1)There are many ways to earn money, but to be wealthy you cannot work for money. You must have the money work for you; you have to be a business owner (B) who owns assets than make money or an investor (I) who invests in those assets. If you are an employee or self-employed specialist, there is a limit to your income because there are only 24 hours in a day.
2)Become financially literate. Have a basic understanding of how assets create income, and liabilities create expenses. Then, simply collect assets.
3)Once financially literate, hire the best advisors who can help you to play the game. Don't penny pinch on financial advice; good advisors will pay for themselves.
4)Don't let the government needlessly take your money (Earn -tax then spend). Start a corporation and legally pay taxes after expenses (Earn - spend then tax).
5)Become a sophisticated investors who is willing to take educated risks. "True investors make more money in bad markets" (page 64).
6)Don't take on debt that will not take care of itself. If you take risk, make sure you get paid for it, just like banks do.
This book is for those of us who grew up reciting the "must get good grades and then get a job" mantra. It was instilled in us as children by our parents and teachers, and it was reinforced by our network of friends from the neighborhood, classmates at school and co-workers at work. The cycle is viscious, until by some miracle someone or something comes to us and bops us on the head with the idea of "our own business". The word "assets" was one that only rich people use. And the term "rich people" was pretty much, from the beginning, a concept of "people that have a mysterious way about them; they have secrets that we can't, won't and aren't allowed to know."
This book is great and worth reading. It helps you realize where you are in the Quadrant, and then how to get out. It shows you how "the rich" think - and how YOU the middle class man are the loser when it comes to money and how it is used to work against you. It's not their fault, it's your ignorance.
(From quoting John Kim, USA)
Target readers:
General readers
|
|
- Better with -
Better with
Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not!
:
|
|
Customers who bought this product also bought:
|
|
Robert T. Kiyosaki and Sharon L. Lechter (Born and raised in Hawaii, Robert T. Kiyosaki co-founded an international education company that operated in seven countries, teaching business to tens of thousands of graduates. Now retired, Robert does what he enjoys most...investing. Concerned about the growing gap between the haves and have nots, Robert created the board game CASHFLOW, which teaches the game of money, here before only known by the rich. Sharon L. Lechter is a wife and mother of three, CPA, consultant to the toy and publishing industries and business owner. As co-oauthor of Rich Dad, Poor Dad and The Cashflow Quadrant, she now focuses her efforts in helping to create educational tools for anyone interested in bettering their own financial education.
|
|
From the Publisher:
Cashflow Quadrant will reveal why some people work less, earn more, pay less in taxes, and feel more financially secure than others. It is simply a matter of knowing which quadrant to work from and when. Have you ever wondered… What is the difference between an employee and a business owner? • Why do some investors make money with little risk while most other investors just break even? • Why do most employees go from job to job while others quit their jobs and go on to build business empires• Why, in the Industrial Age, did most parents want their children to become medical doctors, accountants, or attorneys… and why, in the Information Age, are these professions under financial attack? Have you noticed that many of the brightest graduates from our universities want to work for college dropouts… dropouts such as Bill Gates, Richard Branson, Michael Dell, and Ted Turner? Dropouts who today are the mega-rich of society. This book will answer some of these questions and also assist in guiding you to find your own path to financial freedom in a world of ever-increasing financial change. It is a book written for… people who are ready to move beyond job security and begin to find their own world of financial freedom • people who are ready to make deep professional and financial changes in their lives• people who are ready to move from the Industrial Age to the Information Age It's time to get out of the rat race. Cashflow Quadrant shows you how.
|
| View all 9 comments |
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.
|
View all 9 comments |
|
|
|
|
