[Review] Rich Dad’s Cashflow Quadrant by Robert T. Kiyosaki

Rich Dad Poor Dad's Cashflow Quadrant - Robert Kiyosaki - Book Review Summary

Thinking about reading Rich Dad’s Cashflow Quadrant: Guide to Financial Freedom? Want to know more about Robert Kiyosaki’s follow up to Rich Dad Poor Dad? If so, you are in the right place. Keep on reading to find out more about what you can expect to find inside Rich Dad’s Cashflow Quadrant, as well as hearing my thoughts on the book.

Rich Dad Poor Dad's Cashflow Quadrant - Book Review Summary - Pin

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INSIDE ‘RICH DAD POOR DAD’S CASHFLOW QUADRANT’

CONTENTS

PART I: THE CASHFLOW QUADRANT

Chapter One – Why Don’t Get a Job?
Chapter Two – Different Quadrants, Different People
Chapter Three – Why People Choose Security over Freedom
Chapter Four – The Three Kinds of Business Systems
Chapter Five – The Five Levels of Investors
Chapter Six – You Cannot See Money with Your Eyes

PART II: BRINGING OUT THE BEST IN YOU

Chapter Seven – Becoming Who You Are
Chapter Eight – How Do I Get Rich?
Chapter Nine – Be the Bank, Not the Banker

PART III: HOW TO BECOME A SUCCESSFUL B and I

Chapter Ten – Take Baby Steps

THE SEVEN STEPS TO FINDING YOUR FINANCIAL FAST TRACK

Chapter Eleven – Step 1: It’s Time to Mind Your Own Business
Chapter Twelve – Step 2: Take Control of Your Cash Flow
Chapter Thirteen – Step 3: Know the Difference Between Risk and Risky
Chapter Fourteen – Step 4: Decide What Kind of Investor You Want to Be
Chapter Fifteen – Step 5: Seek Mentors
Chapter Sixteen – Step 6: Make Disappointment Your Strength
Chapter Seventeen – Step 7: The Power of Faith
Chapter Eighteen – In Summary

ABOUT ‘RICH DAD’S CASHFLOW QUADRANT’’

Rich Dad’s Cashflow Quadrant is the follow up to Rich Dad Poor Dad. In Rich Dad Poor Dad Robert shares his story of growing up with two Dads (one isn’t really his Dad) in different financial situations and with different attitudes and approaches to money.

In Rich Dad Poor Dad Robert introduced the Cashflow Quadrant and in Rich Dad’s Cashflow Quadrant that concept is explored further.

Part I discusses the quadrants more and explores the personal characteristics that are usually associated with people in each quadrant. Robert explores why some people choose security and others choose freedom. Then Robert goes on to discuss the 3 different kind of business systems and the 5 different levels of investor. Robert truly believes that to achieve financial freedom you need to be a Business Owner or Investor and this is the primary focus of the book.

In Part II is the shortest part of the book, but still important. This part of book focuses on you. It talks about the changes you need to make in order to be rich. Robert explains his approach to wealth “Four green houses… one red hotel” and shares the concept of being the bank, not the banker.

Part III focuses on helping you to be a successful business owner or investor. He outlines a seven-step plan for creating financial wealth. This section of the book is the most detailed and has clear advice and tips to help you know exactly what your next steps are in your business owner or investor journey.

QUOTES FROM RICH DAD’S CASHFLOW QUADRANT

“Financial freedom might be free, but t doesn’t come cheap. Freedom has a price”

“The definition of wealth is the number of days you can survive without physically working and still maintain your standard of living.”

“The faster you want to get rich, the more accurate with numbers you must be”.

“If you do what everyone else does, you’ll wind up having what everyone else has.”

FINAL THOUGHTS FROM CHARELLE

Overall, I enjoyed reading Cashflow Quadrant, but not as much as Rich Dad Poor Dad. Whereas in Rich Dad, Poor Dad all four quadrants (Employed, Self-Employed, Business Owner and Investor) are discussed, this book focuses much more on Business Owner and Investor. Robert truly believes in order to be rich you need to be a Business Owner or Investor and that is the focus of the book. Personally, Richard refers too much to the time when he was broke and refused to get a job when everyone was telling him to do so because he knew that his long-term aim was to be a business owner and investor.

WHO SHOULD READ RICH DAD’S CASHFLOW QUADRANT

Whilst reading Rich Dad Poor Dad isn’t 100% necessary I would recommend that you have read the book before reading Rich Dad’s Cashflow Quadrant. This book would be a good book for someone who wants to build a business or become an investor. Richard is passionate about property so it would also be of interest to someone who is looking to become a property investor. As the subtitle suggest this book is for someone who wants to create consider wealth and ultimately financial freedom.