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Strategies for Retiring Young, Soon, and Wealthy
605 hits
| Mar 30, 2005 9:39 am |
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re: “Rich Dad, Poor Dad” book review |
SOM...!!
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hey brother
I agree that RDPD is among the finest and unconventional books on finance..it really shook my foundations..and i'm going into investment banking....
However, a better book than RDPD is its sequel....The Cash Flow Quadrant where the different types of quadrants are explained in detail .........
i, myself am currently in the employee quadrant with a little passive income ..have plans to shift into the investment quadrant by the time i am 35....now i am 24...10 yrs...is a long time...
TC
Som
> Yochention Saritoh wrote:
> I want to give my comments for “Rich Dad Poor Dad” book written by Robert T Kiyosaki. I want to thank him for such a great book and have opened my mind to a whole new angle about financial freedom.
>
>According to Robert T. Kiyosaki in his book “Rich Dad Poor Dad”, he mentioned about the Cash Flow Quadrant. The Cash Flow Quadrants are Employee Quadrant, Self-Employee Quadrant, Business Owner Quadrant and Investor Quadrant.
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>Most parents think that their kids need to go to college after finishing high school to achieve higher education in hoping to get a good job in a real life. This perception is not wrong but it’s just not perfectly guarantee that their kids will be rich or success after getting a good job. As long as you still working for a company, you still can not be richer than the owner of the company.
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>I also have a bad experience before. I worked for couple years in a start up company until I got laid off because the company was not doing very well. That moment made me realize that working with people can not guarantee my income for life. Then, Robert Kiyosaki’s book opened my mind.
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>The book makes me realize that I had to move on and move to business quadrant or even investor quadrant. I want money works for me not me works for money.
>Again, I am not selling Mr. Kiyosaki’s book here. I am just applying what he wrote in his book in my real life and I am starting to get the result now. And I am happy with it.
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>Now, you might ask me then how to make money works for us not vice versa. Well, one way is that by creating a passive income. Passive income can be sustained by many ways, like Mr. Kiyosaki, he created passive income by dealing in the real estate business. He even joined Amway and he was focusing in this business for 5 years until know he must earned a lot of money from his passive income.
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>In conclusion, what I want to say is that again you have to open your mind not working with people for the rest of your life. You might need to work with a company for couple years to get enough investment for you to move to business owner quadrant or even moving to the highest level of the quadrant which is an investor quadrant.
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>The book is highly recommended.
> 
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