People don’t want to be millionaires – they want to experience what they believe only millions can buy… $1,000,000 in the bank isn’t the fantasy. The fantasy is the lifestyle of complete freedom it supposedly allows.” Tim Ferriss, The 4-Hour Workweek Have you ever had this conversation about money in your head? Everything will [Continue Reading]
CASHFLOW Quadrant, by Robert Kiyosaki
Brief Commentary The Cashflow Quadrant is a follow-up to Robert Kiyosaki’s famous book Rich Dad, Poor Dad. I find this book superior to the original because it contains a lot more meaty ideas. Some of the ideas I first read in this book have nourished and sustained me as an entrepreneur for many years. I love the simplicity of Kiyosaki’s visual explanations. [Continue Reading]
The Power of Business Leverage – OPM and OPT
Most of us have heard that the secrets to great riches and wealth are: OPT – Other People’s Time OPM – Other People’s Money OPT and OPM are found on the right side of the Quadrant. For the most part, people who work on the left side of the Quadrant are the OP (Other People) whose time and [Continue Reading]
How Money Supports Life
[Rich Dad] thought it foolish to spend your life working for money and to pretend that money was not important. Rich Dad believed life was more important than money, but money was important for supporting life.” Robert Kiyosaki, Cashflow Quadrant We don’t need to worship money. Far from it. But like Rich Dad said, it’s foolish [Continue Reading]
How to Achieve True Financial Security
Many of us have been conditioned from our earliest days to think about job security, rather than financial security or financial freedom. And because most of us learn little to nothing about money at home or at school, it is only natural than many of us cling even more tightly to the idea of job [Continue Reading]
Active or Passive: Do You Know Your Investor Type?
Investing legend Benjamin Graham (a mentor to Warren Buffett) divided investors into two categories: Passive (defensive) investors Active (aggressive) investors Do you know which one you are? Whether you invest in real estate or something else, this is an important choice. According to Graham in The Intelligent Investor, passive investors want “freedom from effort, annoyance, and [Continue Reading]
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