Personal Development, Finance, and Investing For Filipinos
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Guide To Financial Freedom
The most popular book of Robert Kiyosaki is "Rich Dad, Poor Dad". But my favorite lesson from him came from his book called "Rich Dad's Cashflow Quadrant" where he reveals the path to having more extra money.
Rich Dad's Cashflow Quadrant reveals how some people work less, earn more, pay less in taxes, and learn to become financially free.
Have you ever asked yourself:
In this book, he talks about the E-S-B-I quadrants of earning money.
E stands for Employee
You have a job, where time = $
S stands for Self-Employed
You own a job, and time = $$
B stands for (Big) Business Owner
You own a System and People Work for You. So People = $$$
I stands for (Big) Investor
Money works for you. Where $$$ = $$$$$$
Now, let me share some finer details on his definitions.
Being in B - business means a Big Business.
This means having a business you can leave on autopilot for an entire year, and it would still grow.
So yes, it's some pretty high standards to reach this quadrant.
Then being in I means you're able to earn all of your income just from investing. This means having millions invested in different companies and you're living off on the dividends.
Now freedom with money is enjoyed by people who are in the B and I quadrants.
Thankfully, Robert Kiyosaki also gives a roadmap of the usual path towards becoming rich.
That path is E to S to B to I.
Many people start out being employed. Then transition into being self-employed. Then transition into being a big business owner. Then transition into becoming a pure investor.
Remember, there's no shortcut magic bullet will make you jump from Employee to suddenly a successful Big Business Owner or Big Investor.
The phases are always from E to S, to B, to I.
Cashflow Quadrant was written for you if you are ready to:
The main reason people struggle financially
About The Author
Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. With perspectives that often contradict conventional wisdom, Robert has earned a reputation for straight talk, irreverence and courage. He is regarded worldwide as a passionate advocate for financial education.
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ABOUT THE BLOGGER
Hi, I'm Ralph Gregore Masalihit!
An RFP Graduate (Registered Financial Planner Institute - Philippines).
A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy).
Currently, I'm working my way toward time and financial freedom.