Rich Dad's CASHFLOW Quadrant: Rich Dad's Guide to Financial Freedom

THE KING OF UNDERSTANDING MONEY!! This is my favorite wealth book. If you want to exit the rat race, there is NO other practical way out than what Kiyosaki teaches in this book. Must read!

I read Rich Dad, Poor Dad many years ago, and frankly I didn’t think much of it. The core idea is imperative to understand - poor people buy liabilities, rich people buy assets. A critical idea, but it seemed like the book was just a bunch of fluff other than hammering that one concept (though again, an important one). And i didn’t think much more about Robert and his work until I read Cashflow Quadrant. Interestingly, Robert apparently is somewhat of a controversial figure. When I mention his name, people either seem to love him, or think he’s a scam and a liar. I can’t comment too much on that, other than to say, from what I have seen in his videos and books, he seems to be a very genuine and honest person with intent to help people. Either way, it’s irrelevant. Cashflow Quadrant os a fantastic book that almost anyone should read IMO. I’m only halfway through and I’ve learned so much already. I’ve never seen this good of a perspective and practical advice on the mindset you need to evolve from an employee or self-employed to a business owner or investor. It explains the specifics of each, and how you actually need to become a different person to succeed in each, and what those mindsets are. I found myself firmly in the Self-Employed mindset, and when he explained that profile in 1-2 pages, I never felt so personally profiled. It really opened my eyes to where I’ve been stuck. Anyway, great book so far and I highly recommend it. I ended up buying the bird game as well, and it’s also one of the best tools to teach children financial intelligence, and all the things we sadly aren’t taught in school.

If you've read Rich Dad Poor Dad, then this is the next book to read. It dives further into the quadrant he touches on in the first book. I see these two books as less about gaining wealth (while that is still a big factor) and more about how to view "how money is made and by whom." Once you get your head around that, the world changes forever. I'd rather make money work for me than work my life away for money. Wouldn't you? I'd rather make a few smart investments and nurture those lines of income than live paycheck to paycheck. I'd rather live comfortably and enjoy my life than struggle to make ends meet and watch my life pass before my eyes. It's not about riches... it's about wealth. It's not about greed... it's about smart financial planning. And guess what? Everyone's invited. Money is color blind. If you can do wonders with it, people will give it to you to make your magic happen. It doesn't matter who you are. Cashflow Quadrant shows you why you need to go from E to I regardless of who you are. Good luck! Great book. Easy read. You'll never look at making money the same way again... (unless you've read RDPD, in which case... you're already on that journey.) OH!!! And older versions are just as good as the newest one. You won't miss out on anything if you buy the cheapest one. (((Plus, his predictions pre-2008 are crazy and on the mark!)))

Rich Dad’s Cashflow Quadrant is the sequel to Rich Dad, Poor Dad by Robert Kiyosaki. I was skeptical at first, but I ignored the negative reviews and got a copy, and I don’t regret it. Once I started reading, I couldn’t put it down. Kiyosaki follows his previous book by continuing to emphasize the importance of a “different kind of education” that is founded on an understanding of money. He introduces the Cashflow Quadrant, which, as the name indicates, has four sections: Employees, Self-employees, Business Owners, and Investors. Each quadrant has advantages and disadvantages, and as the author explained, they’re not created equally. It’s crucial to understand each quadrant’s strengths and weaknesses before making a change if you want to maximize your odds of success. Each quadrant has its unique language and requires a specific set of skills to thrive in that role. We have all heard the saying, “The rich get richer and the poor get poorer.” Most people don’t understand why and how this works. It’s not merely because the rich are rich: they use money differently than the majority. The rich do not work for money to spend it on liabilities. Instead, they invest it on assets that’ll make more money, and as a result, their wealth multiplies. The poor and the middle class, on the other hand, work for a limited income which they spend on liabilities like mortgages, cars, loans, credit cards, and consumer electronics. They often avoid investing because “it’s too risky,” but as the author wrote, and I agree, it’s riskier not to invest. Anyone can achieve financial success and freedom by increasing their financial IQ and reforming their view of money. A great start is reading Rich Dad, Poor Dad. The majority of us believe that the solution to our financial problems is a raise in salary or winning the lottery, but as Rich Dad often says, “More money will not solve the problem if cash-flow management is the problem.” Debt has become the norm for the U.S. population, and not the right kind of debt that can be used to make a profit, but the kind that keeps you in the rat race. What I enjoyed most about this book that I found lacking in its predecessor, were the Rich Dad teachings. You’ll notice more references and lessons from Rich Dad than in the previous book. This book is pure one-on-one financial mentoring. I do disagree with Kiyosaki on one topic: frugality. Kiyosaki doesn’t believe in frugality. Instead, he believes that “expanding your means” is a better strategy because it forces you to find ways of making more money. Although expanding your means is a good strategy, combining it with frugality would amplify your wealth accumulation faster. Overall, I recommend this book to anyone who wants to not only improve their financial situation but change the way they think about money.

For those wanting to escape the rat race, this is the best book. It offers practical advice, inspiring insights, and a roadmap to financial freedom and personal fulfillment. A must-read!

This book worth reading. A must read book. Recommend it to all young folks.

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This a groundbreaking book. The lessons you can take here are unique and extremely helpful to someone who want to make their dreams come true. I strongly recommend reading and highlighting the main points for reviewing afterwards.

I read his book "Rich Dad Poor Dad" and I thought it was similar but, to my surprise, this is one of the best books I've ever read !! Explain all concepts in a simple way and it opens your mind. I suggest it !!