Glimpse of “Rich Dad’s Cashflow Quadrant- Guide to Financial
Freedom By Robert T. Kiyosaki”
This is a perfectly written book by Kiyosaki which will
really help you to get out of Rat Race and get Financially Free.
One of the best thing about this book is; it is a
self-reflecting tool which will help to judge yourself with ease. This is a
perfect book for those who find themselves struck under themselves, no matter
their income or salary is low or high.
So, today I will do my best to give you little glimpse of
the book “Rich Dad’s Cashflow Quadrant- Guide to Financial Freedom by Robert T.
Kiyosaki”.
So friends let us get started.
So what’s in the book for me?
In this book the Author will introduce to the four quadrants
from a persons’ income comes. These quadrants are Self-Employment, Employment,
Business and Investments. The book has been divided into Four parts and in the
last part he has explained the Golden Seven Steps to get started with. In the
first part he has explained the meaning of the Cashflow Quadrant and this
consist of Six chapters In Second part, author has done his best to help you to
find best out of you. In this part he has given various advises and ways to
find best out of you and to find your passion. The part consists of Three
chapters. In the Third part, Author has stressed on the value of “Getting
Started”. In the last part the Author offered the Seven Steps that will guide
you to get started and I am personally requesting you to must read those steps.
Don’t worry I am not leaving you with only. I will tell you
more about the book and what is in the book?
We’ll discuss all the parts turn by turn to guide and help
you to whether you should buy it or not. And our journey starts now.
Part 1
In this part
Kiyosaki explains the meaning of Cashflow Quadrant and its various aspects and
elements in detail which will help you to understand what Author wants to
convey.
He explains the types of Cashflow Quadrant which his Rich
Dad (Author’s best friend’s i.e. Mike, to know more check our topic Rich Dad
Poor Dad by Robert T. Kiyosaki) used to tell him. Cashflow Quadrant mainly
contains of 4 heads and this four heads tell about the people and the source
from where there income comes. He tells the main difference between the
thinking of a Rich and a Poor. He disapproves the statement “Money is root to
all Greed and Evil” and instead he tells the importance of money to those
people who consider money as only materialistic. He disapproves the statement
“Money is root to all Greed and Evil” and instead he tells the importance of
money to those people who consider money as only materialistic. He tells how
money supports life in each and every aspect of life.
Author tells the difference between security and freedom. He
continues to explain that security is something which compel people to follow
the old saying- “Go to College, score good grades and get a secure good job”.
But he isn’t in the favour of the saying. He is greatly against the schools and
colleges which teaches students to how to work for money or for others instead
of teaching them how their money should work for them. He defines financial
security that it is something which means relying on others for money, working
for others to make them Rich instead of getting themselves Rich. And putting
themselves in more Debt It makes people to be slave of money. It is something
where you build your Liability or Mortgage column. And he defines financial
freedom that it something where your money works for you instead of you working
for money. This is where you built your Asset
and Cashflow column instead of
building your Liability and Mortgage column.
Robert emphasises on the importance of Business and
Investments over Employment and Self-Employment.
In next chapter, Authors writes in bold letters in the
starting “Your goal is to own a system
and have people work that system for you.” In order to explain the meaning
of the given statement he presents three main types of business systems commonly
in use today. And through these three systems he explains how your money can
work for you either you build your own system or acquire someone else systems
mainly by purchasing Franchises or Network Marketing. In next chapter he tells
the Five kind of investors from Level 1 to Level 5.
In the last chapter of first part, Author tells that why an
average person can’t see money with his eyes. He explains that it’s not the
true money what we it’s see. This is some which is meant for us to believe that
this is true money. Yes, I know this might be confusing. To sort out your
problem I highly recommend you to must read the book and develop your mind-set
for financial freedom.
Part 2
Bringing Out The Best
In YOU
This part consists of Three
chapters which will guide you to bring out your passion and your destiny out of
you.
In the first chapter, Author explains the degree of change
you go under through when you will opt for Financial Freedom over
Financial/Job Security. He tells that you really going to feel hard
while on the route of getting financially free. Your family, friends and people
around you will tell you to reverse your decision of opting Financial
Freedom over Financial/Job Security but this solely depends on you what to
do or not. So be confident while changing or choosing your Cashflow Quadrant.
He tells why his Rich Dad (Author’s best friend’s i.e. Mike dad) always used to
deny Mike and him work for money.
Because he considered money as a Drug, same as drug once you start working for
money you get addicted to it and then to get high pay check due to which you
get stuck into more and more debt. In the next chapter he tells the reasons
which hold back many people to start. He explains that it not IQ which make
Rich people rich it more the Emotion Intelligence. It is fear of losing money,
failure and much more due which we even don’t start the process. He tells the
journey of getting financially free is same as playing the Monopoly.
In the last chapter of Second part he explains the simple
principle of Generating money rather than working for money. He discusses
the old problem of ours (indirectly) of blaming other for our incapability of
doing a certain task. He explains that the poor and middle class blame Rich for
taking their money but the truth is that the Rich is not taking their money.
They themselves are willing to work to fill the treasure of rich with money
with their buckets.
Part 3
How To Become Successful B and I
This part contains only one
chapter. But I would like to tell it is the best and most beneficial part and
chapter of the book. In the previous parts, Author explained the need to change
your mindset but it is hard to do for most of us till the time we will be taught
how to change. So, this and next part will guide you to how to start your route
to Financial Freedom.
The Author explains that the hardest part of journey is to
get started and this part will help you to how to get started. Most of the
people don’t get started because either they think they don’t have enough
money/resources to get or they want to get hit high jackpot but you must know
how you can eat a huge Elephant at once. You must have to start with small bite
to finish it. Similarly, to get financially free you must start with small.
He has also emphasised on the need to change you thinking.
He tells to stop thinking like Poor and start thinking like Rich because our
thoughts are the one which we need to change first to accomplish any task not
only money. Because, to achieve any our goal our journey starts in the Brain.
So it’s very important for us to filter your thoughts and send the good signals
to your brain.
Now we’ll head to the final part of book. In which the
Author has offered the seven steps help you to build your Asset column which
will increase your cashflow so that your money can work for you.
THE SEVEN STEPS
To Finding Your Financial Fast Track
The Last part consists of Eight chapters which includes
first seven chapters consisting steps offered by the Author to get you
financial fast track to freedom and the last chapter summarize the whole book.
The Seven Steps provided by the Author are the strongest
advice which can totally change your life. I call these seven steps as “The
Golden Steps to financial fast track”.
In this part he explains to create your own business rather
than working for other people’s business. He tells we can create our business
while doing a job but he highly recommends to stay focussed and determined
while creating your own business.
In next chapter that your Employer should not control your
cashflow instead you have to be your own manager of your cashflow to get your
own Financial Fast Track. He continues to explain that you should start
investing as soon as possible but before you should build your own business
since, it will help you in investing.
He tells that the difference between the Risk and Risky.
He highly recommends to choose your mentors wisely. Your
mentor should be the who has already reached the place where you want to go not
the ones who give advises after reading books or are the profession lecturer.
He cautions that your emotions shouldn’t rule you. You
should teach yourself to convert your disappointment into your strengths. For
example, if you lose at the starting don’t take it as an end instead you should
be motivated to do again by modifying your strategy. He also tells to believe
in yourself.
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