Where are You in the Quadrant?
In Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom, Robert Kiyosaki’s follow-up to Rich Dad Poor Dad, he looks at what it takes to follow the principles in the first book in much more detail. This is where deciding to become wealthy gets very real.
In Cashflow Quadrant, he reviews different approaches to business and wealth – or the business of wealth if you like – through the Quadrant. This helps us to establish where we are, and where we need to be to get the best chance of developing wealth. I won’t go into too much detail, because that would be a spoiler!
What I would add here though, is not to be too put out if you are not in one of the “wealth” quadrants. After many years of experimenting with the B quadrant, I have found that I am far happier and more successful in the S quadrant. This is not so good from RK’s perspective, but The Other Half and I have focused on the I quadrant too, and have by-passed the B. I can now happily use the S quadrant to’ top up’ earnings and investment funds. It may take up my time, but it is also what I love doing so it does not feel like work. It took me too many years to learn that lesson.
A great deal of the original Rich Dad Poor Dad message is repeated in this book, but if you embraced the concept, this is an essential follow-up. There is a lot of practical information, particularly about managing cash flow, and also a strong focus on developing your mindset.
Included by Rob & Rob of The Property Hub as one of their favourites in The Property Podcast 62: Seven Property Investment Books You Should Read.
Nick Fox’s #3 book in the Property Tribes Essential Property Book List.
Nick is the author of HMO Property Success.
Other Nick Fox Favourites
Rich Dad Poor Dad by Robert Kiyosaki
Real Estate Riches by Dolf de Roos
How to Get Rich by Felix Dennis
Business Model Generation by Alexander Osterwald and Yves Pigneur
Nick Fox: Essential Property Book List on Property Tribes
Property Tribes Recommends