Summary: The CashFlow Quadrant - Robert Kiyosaki and Sharon Lechter
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Complete summary of Robert Kiyosaki and Sharon Lechter's book: "The Cashflow Quadrant: Rich Dad’s Guide To Financial Freedom"
The review of the ideas in Robert Kiyosaki and Sharon Lechter's book: "The Cashflow Quadrant" shows the four ways in which income can be generated: 1. You can get a job; 2. You can be self employed; 3. You can build and own a business system of some type; and 4. You can invest in other businesses. This summary highlights that most people spend the majority of their time working in the first two quadrants. The only problem is that to build assets which may decline in value (houses, possessions), they take on greater amounts of debt, locking them in to working harder still to earn more to service more debt. The financially astute, however, maximize the amount of time spent on activities in the 2nd and 3rd quadrants. The objective is to build their assets until that source of cashflow covers life style expenditure.
Added-value of this summary:
• Save time
• Understand key concepts
Expand your business knowledge
To learn more, read "The Cashflow Quadrant" and you will see opportunities where others see difficulties.