The sad reality is, people who work the hardest, are not the ones that get rich. School days are gone it’s time to build a system around your heart.Īnd, this what shocked Robert the most, because in the late 70s his wallet company collapsed due to competition and lack of passion.Īfter years of experimenting and monitoring, Robert Kiyosaki came to the conclusion that it’s safer being on the right side of the Quadrant than on the left.Ībove all else, this is not a get-quick-rich scheme that you ought to follow (no questions asked).
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More importantly, investing can set you free.While playing Monopoly with Rich Dad, Robert learned a couple of lessons that shaped his mindset: You need to experience loss, in order to get into the right frame of mind and hence climb the ladder of prosperity. In other words, it’s not whether you can create a better burger than McDonald’s it’s about creating a system that serves customers.Īccording to Rich Dad – success is a poor teacher. With that said, you need a different set of characteristics and skills to flourish in each Quadrant. It’s foolish to think that some Quadrants are better than others because it’s beyond doubt that we need people to contribute from all parts of the financial spectrum. The skills needed to excel on the right side of the Quadrant are by no means taught at school. On the contrary, he believes that achieving financial stability is the cradle of life itself. Rich Dad, unlike Poor Dad, doesn’t pretend that money isn’t important. In 1994, they finally achieved their financial freedom! Their plight lasted for an entire year, while their friends and family relentlessly pushed the idea of getting a good job.Īt the time, it was truly a challenge to remain true to their perspective. They lived in a small basement room for nine months making a few dollars here and there to keep food on the table and fuel in the gas tank. In 1985, Robert and his wife Kim were at the brink of financial and emotional collapse. Let’s debunk the first myth – It takes money to make money.
While, Rich Dad (often less educated in the formal sense of the word) will advise you to absorb the benefits of state-controlled education, build a business and become an investor. Poor Dad will teach you to go to school, get a degree, get a nice job, and become a well-paid employee. It’s absurd to claim that you don’t fall into either of these categories because we all do. Where do you belong? – is the critical question.
This is only a small list of questions, regularly delivered at Robert’s doorstep. What if you accumulate a substantial amount of debt?.That especially holds true if you “hail” from a family that embraces and nurtures the “Employee” quadrant (composed of highly educated individuals who prefer safety over freedom). It’s certainly complicated to shrug off criticism, remarks, and words of discouragement coming from your closest circle. “Rich Dad’s CASHFLOW Quadrant PDF Summary” Part One – The CASHFLOW Quadrantīack in the days, when Robert still wasn’t geared up with the right mindset, he found that changing quadrants is anything but easy. It’s also important to say that his teaching methods are not in line with conventional methods for improving one’s financial position.Īmong other things, he also wrote the following books: Kiyosaki built a name for himself, after managing to climb the entrepreneurial world in quick succession.Īpart from having written a bestseller which has held a top spot on New York Times bestselling list for half a decade, he has also excelled as an investor, educator, and entrepreneur.
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