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The must-read summary of Robert Kiyosaki and Sharon Lechter's book: "The Cashflow Quadrant: Rich Dad’s Guide To Financial Freedom"

This complete summary of the ideas from Robert Kiyosaki and Sharon Lechter's book "The Cashflow Quadrant" explains the four ways in which income can be generated: 1. You can get a job; 2. You can be self employed; 3. You can build and own a business system of some type; 4. You can invest in other businesses. In this summary, it is shown that to focus solely on the first two quadrants mentioned may have negative financial impacts. Explaining how gradually focusing on the third and fourth quadrants can improve your lifestyle, this summary will allow you to stay open to opportunities. 

Added-value of this summary: 
• Save time
• Understand key concepts 
• Expand your business knowledge 

To learn more, read "The Cashflow Quadrant" and you will see opportunities where others see difficulties.

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Seitenzahl: 32

Veröffentlichungsjahr: 2013

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Book PresentationThe Cashflow Quadrant by Robert Kiyosaki and Sharon Lechter

Summary of The Cashflow Quadrant (Robert Kiyosaki and Sharon Lechter)

Book PresentationThe Cashflow Quadrant by Robert Kiyosaki and Sharon Lechter

Book Abstract

MAIN IDEA

The CashFlow Quadrant is the four ways income can be generated:

E – You can get a job.

S – You can be self employed.

B – You can build and own a business system of some type – and have other people working for you.

I – You can invest in other businesses – effectively letting your money and other people’s money work for you.

True wealth is measured in time rather than dollars. Specifically, wealth is the amount of time you can maintain your current standard of living without physically working. The greater this kind of wealth, the more financial freedom you achieve.

In short, to become financially wealthy, maximize the amount of time you spend acting as a “B’’ or an “I”.

About the Author

ROBERT KIYOSAKI, author of this book and Rich Dad Poor Dad, is the co-founder of an international educational company which teaches business and investment principles. He is an active investor in real estate and specializes in the development of small cap companies. He is also an accomplished public speaker in the areas of financial education and broad economic trends.

SHARON LECHTER, co-author, is a certified public accountant who specializes in the fields of education and publishing. She was actively involved in the development of the electronic talking book industry and currently pioneers advancing new technologies for initiatives to bring books back into the lives of children.

Important Note About This Ebook

This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.

Summary of The Cashflow Quadrant (Robert Kiyosaki and Sharon Lechter)

Section 1: The Central Objective of the CashFlow Quadrant

Main Idea

A person cannot achieve financial freedom on the left side of the Quadrant, only on the right hand side. Therefore, your long-term financial strategy should be to become a business owner and ultimately an investor.

Supporting Ideas

The CashFlow Quadrant represents the four ways people can generate their income. No quadrant is necessarily better than any other – they each have their good points and bad – but the world appears very different according to which quadrant you’re currently in.

The E Quadrant:

These people have a job – whether they are janitors or presidents of companies. They are focused on security, pay, benefits and certainty. The idea of job security is more important than money to “E”s.

The S Quadrant:

These are the do-it-yourself people who own their jobs. They like to get paid for what they do and not what someone else dictates they can earn. They take control and value independence over monetary rewards. These people focus on their charge-out or commission rate. These are the professionals, small business owners and commission salespeople. “S”s rarely if ever hire any employees but prefer being hands-on.

The B Quadrant:

These are business owners and builders. They’re the opposite of “S”s – “B”s love to delegate and surround themselves with smart employees who do the work for them. A “B” business person is thinking constantly in terms of finding the right people. The litmus test for a true “B” – They can be away from their business for a year or longer and the business will be going stronger than ever. “B”s build wealth using other people’s time.

The I Quadrant: