Product Description

THE CASHFLOW QUADRANT will reveal 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 dropouts...dropouts such as Bill Gates of Microsoft, Richard Branson of Virgin Industries, Michael Dell of Dell Computers, Ted Turner of CNN? Dropouts who today are the mega-rich of society. This book will 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.

Product Details

• Amazon Sales Rank: #3375 in Books
• Published on: 2002-12-05
• Original language: English
• Binding: Paperback
• 320 pages

About the Author
Robert T. Kiyosaki co-founded an international education company, teaching business to graduates. Now retired, Robert does what he enjoys most.he invests. Sharon L. Lechter is a consultant to the toy and publishing industries, and a business owner

Customer Reviews

If You Liked Rich Dad, Poor Dad, You Must Read This One!
Repetition is the source of mastery, and The Cash Flow Quadrant takes the excellent thinking in Rich Dad, Poor Dad and builds to another level of detail. This information will increase what you learned in Rich Dad, Poor Dad and help you begin the transformation from a salaried or self-employed person into a business owner and investor.

The definitions of these four quadrants are important. As an employee, you have a job. As a self-employed person, you own a job. As a business owner you have a system (such as a franchise like McDonald's) that produces cash flow for you and others work for you. As an investor, your money works for you. Rich people are getting more than 70 percent of their cash flow and income by having money work for them.

One of the strengths of the book is that it deals with the subtle psychological differences among people in the four different quadrants, especially on subjects like security and freedom. Kiyosaki and Lechter then do a nice job of helping you understand the difference between risky and taking risk. The latter is a good idea, when you know what you are doing, and the former is always to be avoided.

The book is not dogmatic, pointing out that good results can be reached in a variety of ways. You have to decide which ones are right for you. In general, you are encouraged to move from the employee and self-employed side for your income to the business owner and investor side. Then, take your cash flow and expand it into investments.

Another of the strengths of the book is to make it clearer what the advantages of income property are. In these Internet stock-crazed days, many are looking only to stocks and missing good commercial property opportunities.

There are lots of good questions you can use to help frame your road through the cash flow quadant. At a minimum, you will become much more financially literate. With the help of the 7 steps here for making the necessary changes, you should begin to make the transition.

The book has a nice conversational tone that turns personal economics into common sense examples and principles.

The downside of any book about changing your life is that you can read it much faster than you can master the lessons and apply them. I suggest that you schedule time to reread this book over the next 10 years. That's the best way to check up on yourself and how you are doing.

I do recommend that you read Rich Dad, Poor Dad first. You'll get much more out of this book if you do that. Then you'll begin to see opportunities where others see difficulties. Good luck with fulfilling your goals!

Too much going over old ground
If you like me have read the first book you might become irritated as I did with the repetition in this sequel. Consequently the reading experience wasn't as enjoyable as Rich Dad Poor Dad 1.

There is however some useful information and new concepts in the second book so on balance it's still worth buying.

Buy this book!
What a great sequel to the original life changing 'Rich Dad Poor Dad'!
'Cashflow Quadrant' goes more into the specifics of becoming wealthy, and, more importantly, which is the best way for YOU to achieve financial freedom. It IS possible, but by no means is this a get rich quick book.
It focuses on the four different business classes of people. Employed, Self-employed, Business owner and Investor. Wealth is achievable in all four quadrants, but the easiest way, unless you are mega-talented, is through the Business Owner or Investor quadrants. I,ll not go too much into it, but I feel I am certainly on the right path now.
Thanks to RK!