Posts Tagged ‘ cashflow quadrant ’

Why You Shouldn’t “Be Your Own Boss”

Why You Shouldn’t “Be Your Own Boss”

Now, before I break this down, this post isn’t about building a startup company and perfecting your “elevator pitch” to woo potential investors. This is about not having to answer to anyone but yourself and working your own hours. We’ve all grown up hearing things that refer to “being your own boss,” but look...

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Understand the Cashflow Quadrant

Made popular by best selling author of “Rich Dad, Poor Dad” Robert Kiyosaki, the “Cashflow Quadrant” changed my mental attitude on how I choose to work.

As Kiyosaki says, basically, there are 4 types of people in the world of business- Employees, Specialists/Small Business Owner (like a doctor, lawyer, accountant, etc…), a Big Business Owner, and an Investor.

Watch the video to see Robert Kiyosaki explains these four groups into detail.

He will also explain the difference between Earned income, Portfolio income, and Passive income.

Watch this video over and over until you fully understand it and know what quadrant you currently are in and where you want to be.

YouTube Direkt

The only thing I will add to this is that Passive Internet Income is a small version of the “B” quadrant and not the “S” quadrant because although you don’t have 500 employees or more, you’re not trading your hours for dollars like the people defined in the “S” quadrant.