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#CASHFLOW RICH DAD HOW TO#

STEP 4: DECIDE WHAT KIND OF INVESTOR YOU WANT TO BE.STEP 3: KNOW THE DIFFERENCE BETWEEN RISK AND RISKY Business and investing are not risky, but being under-educated is.STEP 2: TAKE CONTROL OF YOUR CASH FLOW People who cannot control their cash flow work for those who can.Set a long-term financial goal for where you want to be in five years, and a smaller, short-term financial goal for where you want to be in one year. Fill out your own personal financial statement.STEP 1: IT’S TIME TO MIND YOUR OWN BUSINESS.The Seven Steps to Finding Your Financial Fast Track are:.As Eric Hoffer once said: “In times of change, learners inherit the earth, while the learned find themselves beautifully equipped to deal with a world that no longer exists.”.If you lose your job, it’s a depression.” “If your neighbor loses his job, it’s a recession.The game is called “Who Is Indebted to Whom?” In my opinion, people simply fail to realize that they are in this large global game, a virtual casino in the sky, but no one ever told them that they are important players in the game.What makes us individuals is how we handle those emotions. We all feel fear, sadness, anger, love, hate, disappointment, joy, happiness, and other emotions. Emotional Intelligence A big part of being a human being is being human.Work on your thoughts about that other person.” To improve your marriage, you don’t need to change your partner.If you do what everyone else does, you’ll wind up having what everyone else has.You can only help him find it within himself.” Galileo said: “You cannot teach a person anything.So they provided jails called school, equipped with tortures called education.” John Updike said: “The founding fathers, in their wisdom, decided that children were an unnatural strain on their parents.A B creates, owns, and controls the system. “Your profit is made when you buy, not when you sell.”.Money is an idea that is more clearly seen with your mind.Failing is part of the process of success. “We learn the most about ourselves when we fail, so don’t be afraid of failing. “Success is a poor teacher,” rich dad always said.The reason the one survivor often fails in the second five years isn’t due to lack of capital, but lack of energy. I think the reason most fail in the first five years is due to lack of experience and lack of capital.

For an investor, investing is a game of skill. For a gambler, investing is a game of chance.

The difference between a gambler and an investor is simple.

A Hollywood celebrity once said: “It’s not return on the investment that I worry about.

Ultimately, it’s not how much money you make that matters, but how much money you keep, and how long that money works for you.

One of the quotes credited to Ford goes: “Thinking is the hardest work there is.

E for employee, S for small business or self-employed.

Cashflow Quadrant (E->S->B->I)consists of.

She earns little, it does not mean she has to be a poor.

What is your life’s purpose? Why were you given this gift called life? And what is the gift you give back to life?

Finding your path means finding out what you were put here on this earth to do.

Your path is not your profession, how much money you make, your title, or your successes and failures.

Vietnamese monk, Thich Naht Hahn: “The path is the goal.” In other words, finding your path in life is your goal in life.

“You can never have true freedom without financial freedom.” He would go on to say, “Freedom may be free, but it has a price.”.

The book contains the usual wisdom to deal with our finances. I decided to read his other books hence I picked this book. To explore and uncover these secrets even further, Shane Caniglia - entrepreneur and president of The Rich Dad Company - expounds on the building blocks by showing how they have actually been implemented to make Rich Dad a thriving, innovative business and a powerful international brand.Anybody who reads finance related books is familiar with Rich Dad and Poor Dad famed Robert Kiyosaki. These secrets form the eight building blocks to wealth that Robert and his rich dad explore in Cash Flow Lifestyle, written in the classic Rich Dad Poor Dad style of stories and contrarian thought.

#CASHFLOW RICH DAD HOW TO#

This book shares many of the secrets of the rich, secrets related to how to tell the difference between advisors and salespeople, how to separate fact from opinion, how to gain confidence related to decisions about money and investing, and how and why the rules of money have changed. Print Rich Dad's Cashflow Quadrant: Guide to Financial FreedomĬash Flow Lifestyle takes us back to Robert's early journey on the road to financial freedom and his mentoring by his rich dad.