05/12/2020
opportunity to become a commercial pilot or to work for a shipping industry.
Two good jobs were in front of me, which made my poor dad proud.
But after talking with my rich dad, my best friend’s father, I knew I didn’t want to be an employee my whole life.
I wanted to be an entrepreneur and investor.
My rich dad was thrilled that I wanted to pursue this path, but my poor dad simply couldn’t understand.
For him, a good job was the most important thing you could attain. He couldn’t understand why I’d turn down a steady, high-paying job in order to start my own business and invest.
Like so many people, then and now, my poor dad thought having a high paying job is what makes you rich.
In order to understand the different reactions my rich and my poor dad had, you need to understand that all people fall into 2 categories.
Those who see the world through the left side of rich dad’s Cashflow Quadrant and those who see it through the right side.
On the left side of the quadrant are Es and Ss.
They both trade their time for money, but each has a different mindset.
E = Employee
At the end of the day, the most important thing for employees is security.
Because employees shy away from risk, they don’t see the need to learn about money or how it works. Because of this, employees will take long commutes, work long hours, for less pay then they desire.
When employees need more money, they look for a higher-paying job.
S = Self-employed
People in the S quadrant are doctors, lawyers, dentists, accountants, and other service-based businesses and consultants.
Self-employed means they don’t own a business, they own a job.
When self-employed people need more money, they look for more hours they can bill.
Now, on the right side of the quadrant are Bs and Is. They create or invest in assets that produce cash flow for them even when they’re sleeping.
B = Business Owner
Unlike those in the S Quadrant, business owners don’t own a job. They own a system or a product that makes money even when they aren’t working.
Click the link below to join my WhatsApp group to acquire this high demand skill 👇
https://chat.whatsapp.com/KR2MgVefpdB0spUMqO8f4m
The best business owners know they could leave their company for a year and come back to find it still profitable and running better than they left it.
When business owners need more money, they create a new product or create or acquire a new system that produces money.
I = Investor
Investors have the highest financial IQ of anyone in the Cashflow Quadrant.
They are adept at finding assets that provide steady income in the form of cash flow and they:
✅ Use income from those assets to acquire even more assets
✅ Enjoy the most in tax breaks
✅ Work when they desire
✅ Don’t have to deal with managing employees
The richest people in the world are investors - Warren Buffett, George Soros, Carl Icahn, etc.
When investors need more money, they look for an opportunity to acquire assets that produce more passive income.
So, what really makes you rich?
When I ask most people, “What is it that makes someone rich?”, the answer I usually get is, “They make a lot of money.”
How much money you make does not make you rich. Rather, how you make your money is what makes you rich.
Those on the left side of the Cashflow Quadrant (Es & Ss) spend ALL their lives working FOR money.
Those on the right side of the Cashflow Quadrant make their money work for them.
Very simply, the path to the right side of the quadrant starts with thinking in terms of acquiring assets that produce passive income rather than living in a pattern of paycheck to paycheck.
You’ll learn the 4-step system to build a profitable online business.
Discover how to put this system to work for you in just a matter of month, have patience, and watch as your wealth grows over time.
Click the link below to join my WhatsApp group to acquire this high demand skill 👇
https://chat.whatsapp.com/KR2MgVefpdB0spUMqO8f4m
