books:
•
Cashflow Quadrant: Rich Dad's Guide to Financial Freedom
Robert T. Kiyosaki
,
Sharon L. Lechter
Business Plus
, 2000 - 251 pages
average customer review:
based on 319 reviews
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highly recommended
Thanks Dad
Outstanding book. It provides the right
financial wisdom
that is so desperately needed by many in this country.
Oh, how I wish I could have had a book like this 20 years ago!
It will make much better sense if you read the first book in the series first though, "
Rich
Dad
, Poor Dad", if you haven't already done so.
Repetitive . . . yes
Like others, I do agree this book is a little repetitive. Mr. Kiyosaki does restate the same ideas he mentioned in his first book but he goes into more detail on other ideas; like how he made money on some deals. This book is meant to be a general 'coaching' and not a get
rich quick
seminar. So the repetitive pep talks are necessary and probably are similar in method to which his rich
dad gave
him. Furthermore, after a lifetime of repeating bad money habits, one needs repetition before correcting those habits. I do plan on continuing the series.
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Great book!
This book is really the "core" of beliefs that are expressed in many of the author's books.
Where this book excels is getting people out "employee" or "self employed" mentality and thinking in a "business owner" or "investor" mentality. After I read this book I really started looking at my co-workers in a strange way and decided I needed a change.
Kiyosaki recommends investing in assets that create a positive cash flow immediately. Easier said than done, but the author admits it's not easy -to get
rich
!
Since I've read this book, I've left the "employee" and "self-employed" mentality behind and have really focused on business owner mentality. Although my personal "cash flow" initially dropped in the process, my long term situation has definitely improved and put me on target to achieve higher levels of success.
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A PRICELESS Education
Want to know why the
rich
get richer and everyone else seems to struggle? Is this an end all on the subject- NO it is not, as Robert himself would tell you the study of money if a lifetime pursuit.
However this book does an excellent job of describing the basics of why the rich get richer- and how they do it.
This book is also the first that enabled me to understand some basic accounting principles- mostly by not using numbers and formulas just some simple diagrams. Does it make you a CPA- No. But it does get a working class guy with little to no accounting knowledge the basic understanding of a personal
financial
statement.
Robert Kiyosaki (and his advisors) write books that make what seems to be complex money subjects seem understandable. Kind of the way AOL made the internet seem easy. Most of us have outgrown AOL a LONG, LONG time ago. And you can improve your financial literacy easily with Robert and his team.
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A Masterpiece
A great concept.
If you have not read any of Kiyosaki's books, read this one first.
I hate to use the word "paradigm" because it is often thrown around too easily and it is overused, but this book will change the way you look at your
financial
life.
Ultimately, you will need to read additional books after this one for more indepth content, but this book will get your mind going in the right direction.
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The
Cashflow
Quadrant
is the follow-up
guide
to finding the
financial fast
track that best works for you. It reveals the strategies necessary for moving beyond just job security to greater financial security by generating wealth from four selective financial quadrants.
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