Robert Kiyosaki has a striking message. US need financial education. Now our education system is broken and nothing is taught that prepares people to financial freedom.
All the books of Robert are good and teach the basics about financial education and the need to keep learning. Rich Dad / Poor Dad is another well-known book by this author. We will profile the book in a separate summary
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The Cashflow Quadrant is a very important concept that people need to cement in their memory if they want to get a handle on financial freedom. Quadrant consists of:
1.) E – Stand for employees
2.) S – Stands for small businesses or self-employed
3.) B – Stands for large businesses (500 employees or more)
4.) I – Stand for investors
Traditional education prepares us for the E and S quadrants. The spell had gone to school and then college to hopefully get a good job and save in a 401K retirement. As many of you know this is not a good model in this day and age. On a side note, I was very fortunate to grow up with very good financial gurus.
My dad taught principles that Mr. Kiyosaki teaches in his book Rich Dad / Poor Dad, The Cashflow Quadrant and this book is an unfair advantage. I can also tell you that most people are not financially educated. Writers like Mr. Kiyosaki and Dave Ramsey is really necessary and we do what must be taught in our school systems at the national level.