Cash Quadrant by Robert Kiyosaki

Cash Quadrant

 

E  | B

__|__

S |  I

   |

 

E – Employee

B – Own Business

S – Self Employed

I  - Investor

 

E – Job Security, Benefits

S – Money not most important thing. Then independence, the freedom to do things their way, to be respected as experts in their field, are much more important than mere money. Hire them, tell them what you want and leave them alone. No need to supervise.

 

Defn of wealth – The # of days you can survive, without physically working (or anyone else in your household physically working) and still maintain your standard of living

 

4 kinds of investors:

1. Risk Averse
2. Turn to Fund Managers
3. Gamblers
4. Investors

 

Focus on investments; Don't diversify.

 

"True investors welcomes volatility"

 

Business is about people and systems.

 

To be successful, learn to

1. Handle rejection
2. Lead people