![]() ![]() The other two categories, big business owners (B) and investors (I), are the most conducive to accumulating wealth because those are the categories in which you can develop passive income in the form of assets. The self-employed and small business owners (S)Īccording to Kiyosaki, the first two income categories, employees (E) and the self-employed and small business owners (S), are usually dead-ends on the road to wealth. ![]() ![]() He divides income into four categories, which he calls “cashflow quadrants”: But according to Kiyosaki, the type of income you generate is more important than the type of work you do. Most people believe that the key to wealth is getting a “good,” high-paying job. Finally, we’ll detail his advice for achieving financial freedom through asset development. In this guide, we’ll start by discussing why wealth is so important, then explore Kiyosaki’s reasons for rejecting the traditional path to achieving it. The downside to that, and perhaps the most common critique of the Rich Dad series, is that the books can lack convincing supporting evidence. By Kiyosaki’s own admission, the books are less a step-by-step guide to achieving wealth than a readable, engaging rundown of the core concepts and values about money Kiyosaki says you need to rethink. The books also have their fair share of critics. Many readers credit them with waking them up to the concept of passive income. The Rich Dad books have appealed to millions. Kiyosaki uses the concept of four “cashflow quadrants” to emphasize that it’s not what you do that makes the difference between achieving financial freedom and being stuck in a cycle of job dependency, but what kind of income you earn. The central principles in Rich Dad’s Cashflow Quadrant and Rich Dad, Poor Dad are the same: The best way to achieve wealth is to eschew security and working hard at a “good job” in favor of cultivating boldness and developing assets that will generate passive income. Rich Dad’s Cashflow Quadrant is the sequel to Robert Kiyosaki’s international bestseller, Rich Dad, Poor Dad. 1-Page Summary 1-Page Book Summary of Rich Dad's Cashflow Quadrant ![]()
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