What does money represent to you? Choices? Security? Luxury?
It was Robert
Did you know that Robert
Believe it or
Essentially, the cash flow quadrant describes the 4 main ways people acquire money.
However, I must point out
upcoming we are going to dive deep posts in to each quadrant. But today I just want to share the two major mind shifts I got from Keith Cunningham regarding the cashflow quadrant.
So what brought this on…..
Simple…. recession, stock market down, bitcoin down, jobs being replaced by technology and the list goes on.
In many of the Facebook groups, I have seen so many stories where
Many of these people
You might even say that they did not manage their resources well. Right?
But without the details….it would be speculation
You might say they should have built a business instead of having a job.
What about having a franchise business? It is often seen as a turnkey business with near guarantee for success….. not so?
But a lady in her late 50’s had to close down her franchise business December 2017 because, it was not making any money and she went broke. Now she has to start all over again from scratch rather than the easy and free lifestyle she might have banked on.
I do admire her for still having the guts to keep going.
Now, Robert Kiyosaki has advocated for years that to be truly wealthy you must be a business owner or an investor… the right side of the quadrant.
Let us face it, the right side has much more benefits than the left side of the quadrant.
But really, aren’t we in more than one quadrant?
For example you may have a job and a side hustle like a store
So while Robert
Kiyosaki focuses on the right side of the quadrant, Keith Cunningham says why not both.
The second key point is that the skills to operate in each
As Mr. Rich Dad pointed out, there are rich persons in each cashflow quadrant.
But there are also poor persons in each cashflow quadrant.
And that is where financial education comes in.
to be truly wealthy, you have to manage your cash flow but You must also have the financial knowledge and strategy to keep your money.
If you got
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