Rich Dad Poor Dad 2: The Cashflow Quadrant was written by Robert T.Kiyosaki and Sharon L. Lechter. Thile Rich Dad Poor Dad is a "why" book, Rich Dad Poor Dad 2: The Cashflow Quadrant is more of a "how" book. The book continues where the first one left off. This is mainly on the discussion ... Read review
THE CASHFLOW QUADRANT will reveal why some people work less earn more pay less in taxes ... more
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 the differenc...
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Advantages: easy read, anecdotal, practical Disadvantages: ideas are against what is taught in school
Rich Dad Poor Dad 2: The Cashflow Quadrant was written by Robert T.Kiyosaki and Sharon L. Lechter. Thile Rich Dad Poor Dad is a "why" book, Rich Dad Poor Dad 2: The Cashflow Quadrant is more of a "how" book. The book continues where the first one left off. This is mainly on the discussion about assets and liabilities. It also continues with teaching people the proper mindset.
Mainly though, the book focuses on ... ...the hardest quadrant to get rich from
-No job security these days
Self employment
-Can be classified as being a professional or having a small business
-Gets busier as the business or profession progresses
-Can get rich but seldom get wealthy because everything depends on them
Big business
-Examples are Starbucks, McDonald's and Microsoft
-leverages upon other ... more
Rich Dad Poor Dad 2: The Cashflow Quadrant was written by Robert T.Kiyosaki and Sharon L. Lechter. Thile Rich Dad Poor Dad is a "why" book, Rich Dad Poor Dad 2: The Cashflow Quadrant is more of a "how" book. The book continues where the first one left off. This is mainly on the discussion about assets and liabilities. It also continues with teaching people the proper mindset.
Mainly though, the book focuses on the the cashflow quadrant itself. According to the book, there are four ways to earn money namely through employment, self employment, big business and investing. Employment is basically selling your time for money. It selling your hours for pounds or dollars. Self employment is having a profession like being a lawyer, accountant or doctor or a small business. The big business quadrant is where you have a business that grows with or without you. Lastly, you have investing where you leverage on your resources such as money and land to get passive income. Passive income is income that comes irregardless.
The book shows a view of the four quadrants. Here is what the book essentially says about the quadrants:
Employment
-Trading time for money -No leverage because no work means no pay -Is the hardest quadrant to get rich from -No job security these days
Self employment
-Can be classified as being a professional or having a small business -Gets busier as the business or profession progresses -Can get rich but seldom get wealthy because everything depends on them
Big business
-Examples are Starbucks, McDonald's and Microsoft -leverages upon other people's time and talent -Owner may or may not participate in the business -Usually relies on a proven business system that works -Can provide a means of passive income
Investor
-Leverages upon resources to get passive income -Resources can be in the form of money, paper assets and real estate -The richest people like Warren Buffet and Bill Gates are investors
I truly appreciated this book because of the real life lessons it has taught me. Being in an educational system that was designed to create employees, it was very hard for me to shift my mind towards the other quadrants. Be that as it may, all is a matter of mindset. As long as we are willing to be open to new ideas, we can benefit greatly from this book.
TheChosen1 04.11.2008 (04.11.2008)
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Review of Rich Dad, Poor Dad 2: Cash Flow Quadrant - Rich Dad's Guide to Financial Freedom (Rich Dad) - Robert T. Kiyosaki
Advantages: Work for Learning... !!! Disadvantages: Knowledge is power only when it is applied !!!
What the Rich teach their kids about Money that the Poor and Middle Class do Not !!!
How I came across this book
This book was recommended to me by one of my friend who had read this book.
Background about the Author
Robert Kiyosaki is a self made multi millionaire. He made his millions in the property market in the USA. He has gone through tough times in his life where he had to struggle for meals. But with his strong attitude and having seen ... ...his friend's dad who was rich and he got the chance to learn how to think like a Rich Man and how a rich man thinks.
Why read this book ?
This book throws light into things which you don't know and things which you don't learn in School. If you are an employee you need to read this book. If you are a self employed, you need to read this book. If you are in the rat race of getting up in the morning travelling for more than an hour to your job or ...
bpg2504 14.12.2007
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Ciao members have rated this review on average: very helpful Review of Rich Dad, Poor Dad 2: Cash Flow Quadrant - Rich Dad's Guide to Financial Freedom (Rich Dad) - Robert T. Kiyosaki
Advantages: has real life experiences Disadvantages: none
Actually, Rich Dad Poor dad, Robert Kiyosaki's first book was the first book I actually read and felt good about motivational books. This his third book provides a good insight on how the rich make money and the poor never dare to. it went a step further to break down the two types of income he cited in his first book into four quadrants. On the top left quadrant, he has the actively employed or employee- one who is working for somebody else and ... ...for the intervention of his Rich dad. This very story I use to compare to my own story. I have been hearing a lot about stocks and so decided to read financial newsletters which unknown to me were from brokers that had no idea of what they were doing and were just there to make money. I ended up buying some shares from an IPO but it was a big disaster. The stock lost almost 100% of its value. The lesson from this is that after reading this book, ...
donnaheff 10.09.2009
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Ciao members have rated this review on average: very helpful Review of Rich Dad, Poor Dad 2: Cash Flow Quadrant - Rich Dad's Guide to Financial Freedom (Rich Dad) - Robert T. Kiyosaki
Advantages: new idea & simple use of language so easy to understand Disadvantages: need to consider other points of view to balance the author's idea
I have got so many new ideas and opinions by reading this book. I realised the importance financial education for people in one's life. Everyone is seeking for security because of his or her fear. We work due to our financial worries. So I think to be a financially independent person is very important. The author reminds his author about the importance of financial freedom and also shows the ways how to become financially independence. In my opinion, ... ...The author also reminds the readers to mind our own businesses rather than other people (boss)'s business. For example, being an employee, working for other people for 40 hours a week and 8 hours a day and expecting monthly salary at the end of the month. When the money comes, people pays bills such as rent or mortgage and utility bills. The amount of outstanding money is relatively low comparing with the company's profit an employee is working for. ...
sunweohn 15.05.2008
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Quick review of Rich Dad, Poor Dad 2: Cash Flow Quadrant - Rich Dad's Guide to Financial Freedom (Rich Dad) - Robert T. Kiyosaki
I went out and bought this book because because I fell in love with the first Cash Flow Quadrant, and I was not disappointed. This book was an easy to understand although not nearly as easy as the first. I would however recommend reading some of his older books first because Roch Dad, Poor Dad 2: Cash Flow Quadrant does not explain how he reached his opinions as as do is earlier works. ...
pippikstarfire1415 16.07.2009
Ciao members have rated this review on average: helpful Review of Rich Dad, Poor Dad 2: Cash Flow Quadrant - Rich Dad's Guide to Financial Freedom (Rich Dad) - Robert T. Kiyosaki
Quick review of Rich Dad, Poor Dad 2: Cash Flow Quadrant - Rich Dad's Guide to Financial Freedom (Rich Dad) - Robert T. Kiyosaki
This book is probably the sequel of the Rich Dad Poor Dad bestseller.In this book it generally explains further the so called cash flow quadrants. Robert Kiyosaki explicitly defined to us the different situation in which individuals produces their cashflow. From the left side, which is the E and the S. The right side which is the B and the I. E stands for employee and S stands for self-employed. He stresses that in order to get more passive income one should shift to the B and I side, in which B stands for Business and I as Investor. Everyone should try to shift their cashflow quadrant to the right side to as to become financially free. But of course one needs to be financially educated. ...
oliver_deguzman2000 14.03.2008
Ciao members have rated this review on average: helpful Review of Rich Dad, Poor Dad 2: Cash Flow Quadrant - Rich Dad's Guide to Financial Freedom (Rich Dad) - Robert T. Kiyosaki
Product Information for "Rich Dad, Poor Dad 2: Cash Flow Quadrant - Rich Dad's Guide to Financial Freedom (Rich Dad) - Robert T. Kiyosaki" »
Product details
Type
Non-Fiction
Genre
Business & Finance
Title
Rich Dad, Poor Dad 2: Cash Flow Quadrant - Rich Dad's Guide to Financial Freedom (Rich Dad)
Author
Robert T. Kiyosaki
Publisher
Time Warner Paperbacks
Number of Pages
320
Edition
Paperback
ISBN
751532800
EAN
9780751532807
Manufacturer's product description
This text reveals 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 the difference is between an employee and a business owner?; why some investors make money with little risk while most other investors just break even?; why in the Industrial Age most parents wanted their children to become medical doctors, accountants or attorneys...and why in the Information Age those professions are under financial attack? Have you noticed that many of the brightest graduates from our universities want to work for college drop-outs? Drop-outs such as Bill Gates of Microsoft, Richard Branson of Virgin Industries, Michael Dell of Dell Computers and Ted Turner of CNN? Drop-outs who today are the mega-rich of society. This book aims to answer some of these questions and also assist in guiding you in finding your own path to financial freedom in a world of ever-increasing financial change.
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