Today they have a real estate company, two educational companies, a mining company, and an oil company. The author of this book and his wife started out with absolutely no money. These people dropped out of school and built successful businesses.
Bill Gates, Michael Dell, Ted Turner, Thomas Edison, Henry Ford, Steve Jobs, Ralph Lauren. It doesn t take a formal education to become rich. A job and a boss won t give you that kind of freedom.
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Financial freedom means having the cash flow and the free time. As Poor Dad became more successful in the field of education as a state employee, he had less and less free time because of meetings and work. The difference between Rich Dad and Poor Dad was that as Rich Dad became more successful, he had more free time to spend with the people he loved. But you can t always find financial freedom. On the other side of the quadrant, you can sell your business off for a good sum, and relax while the investments you made years earlier provide you with the cash flow for the comfortable worry-free lifestyle you and your family have always dreamed of Chapter One Why don t you get a job? Yes, you can always get a job.
A job can easily be taken away from you anytime. Risk? What risk? In reality, there is a greater risk in sticking to a job than in minding your own business or putting money in investments. Today and in the future, more and more people will see that they can only rely on themselves and their financial knowledge if they want real security.ΔΆ It would be wiser to condition ourselves, and our children into thinking: Go to school, get good grades, build businesses, and become a successful investor. Gone are the days when the company or government can guarantee a pension for your old age.
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We are not taught how to become business owners and investors. In today s Information Age, this advice is obsolete. What do you want to be when you grow up? We have all been conditioned all our lives to go to school, get good grades, and then get a safe, secure job. It isn t about how much money you make, it s really about how much money you keep, how fast it grows and works for you, and for how many generations it will last. Build an efficient and profitable business system that earns and works hard for you while you are out playing golf. Invest in assets that put money in your pocket. You will later learn all about the different quadrants and be able to plot your own unique path to financial success by having more than one source of income, real assets, and investments. Keep in mind your most valuable asset is Time. Live within your means and find ways to increase your means. Sit down and map out your financial plan. Robert Kiyosaki How did this author go from homeless to being financially free in a few short years? In a nutshell, you must be true to yourself and what you want to achieve. Discover how to move from the left side to the B and I Quadrants, where you work less, earn more, pay less taxes and have more free time to spend with your loved ones! Introduction The benefit of living in a free society is that we all have the choice to be rich, poor, or middle class. LECHTER E S B I The letters in each quadrant represent the Employee, Self-Employed, Business Owner, and Investor. 1 THE CASHFLOW QUADRANT ROBERT KIYOSAKI AND SHARON L.