![]() Always remember what you set out to do, and the trip will be easy.” The best way to keep going is to keep the flame in your heart alive. In such moments, we should do what the rich dad mentions in the book: “You’re more worried about your own personal survival than keeping your dream alive. Even though we know these things are true and that we should agree when someone mentions them, it’s super hard to keep doing something when there are no sights of progress. We hear these all the time: Follow your passion Find work you love doing Work harder. Lesson #3: Passion Builds Businesses, Not Fear For instance, income from a rental property, ebooks, courses, etc. If you do your job properly, at some point you’ll have cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it. A lot of people call this earning a passive income. So, the solution here is the following: Slowly build your own system that can run itself – brick by brick. And if your job is long gone because of AI or because you’re simply old, you won’t have a lot of options. However, when you’re old and wrinkled, you’ll still need to eat. You don’t have to maintain the whole thing and at any given moment you can ditch it and look for the something better. You need to build your own business while you still can. At least that shouldn’t be your long-term plan. Nevertheless, the main thing here is that you don’t actually need a job. Well, the latter is probably not that easy but it’s still within arms reach. It’s not so hard to find a safe, secure, and high-paying job nowadays. “When the fear of losing money and failing becomes too painful inside, a fear we both have, he chooses to seek security and I choose to seek freedom.” Robert Kiyosaki Lesson #2: You Don’t Need a Regular Job Both emotionally and intellectually and return back to the quadrant they feel most comfortable in – the regular job. However, the real reason people can’t move across quadrants it’s because most people simply can’t handle the extra work when they want to move from E quadrant to B quadrant, for example. To understand that things won’t go smoothly and that there will be some financial losses throughout the process. If you want to change quadrants, besides committing, you first need to start thinking and acting differently. At that stage of life, you become financially independent. I: Investors: Investors make their money work for them.B: Business-Owners: These people focus on creating a system that will potentially work without them being physically there.And here’s what’s on the right side (big bucks):.With the growth of their business, their involvement also increases. S: Self-Employed: Most small businesses are owned by the self-employed people.Or, we’re simply too lazy to do something on the side. We prefer the security our job offers over taking some sort of a risk. E: Employees: Most of us are employees.On the left side of the quadrant we have (average income):.So, here’s the categorization on how we can earn money presented in the book (a.k.a the four quadrants): Lesson #1: Changing Quadrants Is A Life-Changing Experience Lesson #5: There is a Difference Between Being Rich and Being Wealthy.Lesson #4: What You Do Today Will Determine Who You’ll Become in a Few Years Time.Lesson #3: Passion Builds Businesses, Not Fear.Lesson #2: You Don’t Need a Regular Job.Lesson #1: Changing Quadrants Is A Life-Changing Experience.Only these two can bring you financial freedom. Spoiler alert: You should aim for either quadrant B or I. ![]() The quadrants are meant to show you where you are today in terms of personal finance and help you chart a course to where you want to be in the future. There are four sections according to the author: E for employees S for small businesses or self-employed people B for bigger businesses I for investors. The Cashflow Quadrant is a way to categorize people depending on how they make money. Here he emphasizes, again, on the importance of becoming financially secure and extends on the philosophy shared in his first book. The Cashflow Quadrant is something like a follow-up guide to Robert Kiyosaki’s famous book Rich Dad, Poor Dad. А book dedicated to people willing to pay the price for reaching financial freedom. Written by book fanatic and online librarian Ivaylo Durmonski. Covering the key ideas and proposing practical ways for achieving what’s mentioned in the text. ![]() This is a comprehensive summary of the book Rich Dad’s Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom by Robert Kiyosaki.
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