610 Views· 23 April 2024
RICH DAD'S CASHFLOW QUADRANT (BY ROBERT KIYOSAKI)
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This is an animated video summary presenting the 5 most important takeaways from Rich Dad’s Cashflow Quadrant – the second book in the ultra-popular Rich Dad Poor Dad series. Witten by Robert Kiyosaki.
The best books for escaping your 9-5, by Robert Kiyosaki: http://bit.ly/31lGZNF
Top 5 takeaways from Rich Dad’s Cashflow Quadrant:
00:00 Intro
00:32 1. The Cashflow Quadrant
02:03 2. Other People’s Time & Other People’s Money
03:15 3. The Pros and Cons of the Individual Quadrants
04:52 4. Breaking the Addiction: Moving to the Right Side
06:50 5. The 5 Levels of Investors
TL;DW:
- There are four different roads to financial success – you may succeed as the employee, the self-employed, the business owner and/or the investor
- The primary difference between the left and the right side of the cashflow quadrant is that the right side has learned to use OPT & OPM
- There are pros and cons with each of the quadrant, and depending on your personality and goals in life, one might be more suitable than the others
- If you wish to move to the B & I quadrants you must learn to accept risks, make mistakes and surround yourself with others who have achieved what you wish to do
- There are 5 levels of investors and the greatest profits goes the level 5 investor, who has learned how to implement business concepts in his investing approach
My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.
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