Become the ultimate investor. End those fears that keep you up at night regarding the financial choices you make. By reading Rich Dad's basic rules of investing, you can reduce your investment risk and convert your earned income into passive and portfolio income. That means you keep more of your income-not the government. It offers no guarantees, just as Robert Kiyosaki's rich dad offered him no guarantees, only guidance.
But if you're interested in the inside look at an entrepreneur's financial plan to be rich, this is the book for you. Do you want your children to have a financial head start in life? Are you willing to take an active role to make that happen? At school, your children learn many valuable concepts, yet they are rarely taught anything about finances.
Imagine if you had been taught about money and, more specifically, about what the rich know about money - that the way to wealth is through cash flowing assets. For a kid, these financial lessons, and others, are vital to their future financial well-being. But more than that, it gives your child the right context in which to view money from a very early age, and places them on the right financial footing for a secure future.
Why do the rich get richer even in a financial crisis? They achieve this by hiring Employees who belong to the E quadrant. Of course, when entrepreneurs start a business, the Business Owner will initially have to spend a lot of time and effort building it. Yet his income is not reduced. Another advantage of owning a business is that you can invite other people investors to invest in your business, which means you can choose not to risk your entire money, but share the risk and rewards with people who invest in your business.
Some business owners also do not start their business from scratch. They just decide to franchise an existing business in order to leverage on systems already set up by these franchises.
Being a successful Business Owner requires ownership or control of systems and the ability to lead and manage people. They know how to run a system that works by delegating tasks and responsibilities to competent employees. Thus, even if they do not spend a lot of time in the business anymore, they still make a lot of money from it. Those belonging in the I quadrant are called Investors. They are usually:. This means that they do not rely on personal time and effort to make money. They usually turn to stocks , mutual funds , UITF , real estate , and other investment assets that produce income through capital appreciation, dividends, rental income, etc.
As you can see, they make money by receiving rental income or dividends or coupon interest without having to work at all. In some cases, they merely entrust the management of these funds to competent fund managers who do the work for them.
This means they borrow money from other people, invest this money in income-producing assets, then just pay back those people after some time. The idea is to invest in an asset that will produce yield or income without you, the investor, having to spend a lot of time managing the asset. As you can see, Investors make money work for them, not the other way around! You can say that you are leaning towards a particular quadrant if you are getting majority of your income from that particular source Employment, Self-Employment, Business or Investment.
Educational article! I like it. Unknown November 25, at AM. Unknown December 12, at AM. Unknown January 7, at AM. Hazelnut February 3, at AM. Unknown February 28, at AM.
Unknown March 9, at PM. Unknown March 12, at PM. Dylan A March 15, at AM. Unknown March 18, at PM. M April 10, at AM. Unknown April 15, at AM. Unknown April 19, at PM. There are currently 26 books in the Rich Dad series. It debuted at 1 on The New York Times bestsellers list. Robert Kiyosaki became No. Prior to writing Rich Dad Poor Dad, Robert created the educational board game Cashflow to teach individuals the financial and investment strategies that his rich dad spent years teaching him.
It was those same strategies that allowed Robert to retire at age Our Apps content are from open sources. We will correct data or delete it as soon as possible.
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