I want to share with you the key to financial freedom. This is what Robert Kiyosaki taught me about getting rich, so it’s worth paying attention to!
Robert Kiyosaki is the author of the best-selling book, Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!, which teaches people how to create a financial freedom mindset.
Society has conditioned us to believe that if we go to university and get a good job, we will achieve financial security. In today’s world, this is far from true. More and more people are coming to realize that if they want to experience financial security, they need to rely on themselves.
Robert Kiyosaki’s Cashflow Quadrant model has changed the way that I think about financial wealth and abundance in my life. He sheds light on how poor people think versus how rich people think. One mode of thinking results in a life of scarcity, while the other results in a life of abundance.
In the words of Robert Kiyosaki himself, “The benefit of living in a free society is that we all have the choice to be rich, poor, or middle class. The decision is up to you.” Are you ready to take control of your financial future?
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The Cashflow Quadrant is comprised of four different types of people who make up the business world:
E – Employee
Most people start out in life as an employee. When you are an employee you are working for someone else, and you are trading your time for money. Robert Kiyosaki refers to this as the ‘poor mentality.'
The challenge with this lifestyle is that you lack freedom and aren’t able to create financial wealth and abundance. The core value of an employee is that of security.
These types of people shy away from anything that creates risk to their financial stability. In my opinion, there is a big risk in being dependent on someone else for your sole means of survival. At any moment, you could be fired, the economy could change, or different sectors could disappear entirely.
S – Self-Employed
Oftentimes, someone that starts off as an employee realizes that they can start their own business, so they end up quitting their job. One of the main benefits of being self-employed is that you are your own boss – you call the shots, set your own hours, and posses a new level of freedom to work from home and travel.
The challenge with being self-employed is that you are still trading your time for money, so you can’t scale up. These people have yet to develop the business acumen that will allow them to successfully run a business.
B – Business Owner
The business owner works on their business, not in their business. They are constantly thinking about how they can remove themselves from their business.
They create systems and automate their business in ways that ensures that they don’t have to be involved in the day-to-day operations of it, which then allows them to scale up their business. They may open up multiple stores or have a team that does everything for him, which gives them freedom of time.
A business owner creates more wealth than a self-employed person ever could make. This is the type of person that you should strive to become, and what is known as the ‘rich mentality.’
I – Investor
When you are an investor you take money that you are making, save it, and invest it in someone else’s business. When you invest in real estate or stocks you want to invest in things that can provide a passive income source for you. You become financially free when your passive income exceeds your expenses. This is how the rich get richer.
The business owner and the investor are the keys to financial abundance. I like to think that there is another level to this model, otherwise known as a P, or a philanthropist. This occurs when all of your needs are taken care of and you receive joy and fulfillment from using your resources to make bigger changes in the world. These are the Bill Gateses of the world.
I think that you can start giving and contributing early on in your journey. It teaches you to live from a place of abundance and not live with a scarcity mentality around money and finances.
Some of the wealthiest people in the world become philanthropists because money and success only fulfills them so much. When they serve the world on a bigger scale, it leads to deeper levels of happiness and joy.
The Cashflow Quadrant model outlines the key to financial freedom. This is what Robert Kiyosaki taught me about getting rich. If you want to learn more about this model, Robert Kiyosaki has a book called, The Cashflow Quadrant: Rich Dad's Guide to Financial Freedom.
I hope this knowledge has inspired you to change the way that you think about financial wealth and abundance. In closing, Robert Kiyosaki once said, “Before you can transform your wallet from poor to rich, you’ve got to transform your spirit from poor to rich.” Are you ready to take control of your financial future and adopt an abundance mindset?
Do you want to learn the 7 online business models that have made me an Internet millionaire in less than 3 years? CLICK HERE to receive instant access to my free course!