Financial Planning

Robert Kiyosaki Cashflow Quadrant Review

S L McClutchie's image for:
"Robert Kiyosaki Cashflow Quadrant Review"
Image by: 

This is not a get rich quick book and you need to keep an open mind when you read it. If you are looking for action plans, step by step guides or business guides then this isn't the book for you. And if you are content being in safe, secure employment with an employer who sorts out your taxes, pensions and salary for you then you probably won't gain a lot of benefit from this book either. However, if you are seriously considering leaving the rat race and want some sound advice from someone who achieved it through a lot of hard work then this is a good book for you.

In a nutshell this book shows why some people are able to earn more, pay fewer taxes while working less and how you could too.

To get the most benefit from this book I would highly recommend you read Rich Dad Poor Dad first as Cash Flow Quadrant picks up from Rich Dad Poor Dad and focuses on how to generate cash-flow and passive income. Cash-flow Quadrant describes the four basic ways to generate money and then sections them into four (quadrants) to show the principles of wealth and how to get it under each quadrant. You can be an employee, self-employed, business owner, or investor. Robert Kiyosaki clearly describes what each quadrant means and helps you to figure out which one you should be working from to achieve financial freedom. This is helped by him explaining the subtle psychological differences among people, in the four different quadrants, and how we view subjects like security and freedom. He also highlights how much more dangerous it is to be risky than to take a risk.

He also goes on to explain, in plain English, the difference between employee and business owner and why some people move from job to job while other quit theirs and build business empires. The book highlights how moving from employed, to self employed ,to business owner and then investor expands your opportunities of putting your money into investments and so providing even more passive income.

Written in an easy, conversational tone, Robert Kiyosaki encourages the reader to decide what ideology they fit into and demonstrates how ordinary several people, without degrees, go on to become billionaires, such as Micheal Dell, Bill Gates and Richard Branson, to name a few..

So whether you are thinking of starting your own business, or are in the first stages of one, this is a must read book. It may seem basic in its principles but you will learn from this book providing that you don't think just reading it will weave a magic spell on your finances. You will need to act on the advice you have read.

More about this author: S L McClutchie

From Around the Web