The Cost of Choosing Security Over Freedom
This book Rich Dad, Poor Dad written by Robert T. Kiyosaki has been on my shelf for a number of years. I decided to do a quick review and thought you might enjoy some of these important points.
As the name implies, the Cashflow Quadrant provides four ways to build wealth:
Employee
Self-employed
Business Owner
Investor
The first two, Employee and Self-employed, are on the “poor side” of the Cashflow Quadrant. For the most part, that’s because each involves trading your time and effort for money.
The second two, Business Owner and Investor, are on the “rich side” of the Quadrant. That’s because each enables you to leverage people and money to increase your wealth, even while you’re busy doing other things.
If you’re serious about moving from the poor side of the Cashflow Quadrant to the rich side, you’ll have to take some risks. If you don’t, you’ll never get rich.
The Cashflow Quadrant was a huge shift for me. I strongly recommend reading this book. His experience may give you a new mindset, a willingness to accept more risk, and how to step out of your comfort zone.
And once you do, you’ll wonder why you never did it before. Give it a try and see what happens.