Welcome to the June edition of our Best Book of the Month series. The book we picked for this month is Robert Kiyosaki’s bestseller entitled CashFlow Quadrant.
One year ago I reviewed Kiyosaki’s first bestseller “Rich Dad Poor Dad“. Today it’s time to dig deeper and boost our financial knowledge by following the principles that are revealed in the Cashflow Quadrant.
Robert Kiyosaki is an American investor, businessman and author of more than 18 books. He is best known for his Rich Dad Poor Dad series which were translated into several languages and have sold over 26 million copies.
Kiyosaki is a ferocious proponent of entrepreneurship, investing, and financial education. He suggests that financial education and learning how to deal with money from an early age on should be taught in schools all over the world.
Before I highlight the benefits of reading our June best book of the month, let’s listen to Robert Kiyosaki explain the four different quadrants. What do these quadrants mean, and more importantly, what’s the difference between the people operating in each quadrant? Enjoy the video.
Best Book of the Month – CashFlow Quadrant
Robert Kiyosaki explains what each quadrant stands for
Two of my favorite quotes from our best book of the month ‘Cashflow Quadrant’
#1: “Success is a poor teacher. We learn the most about ourselves when we fail, so don’t be afraid of failing. Failing is part of the process of success. You cannot have success without failure.”
#2: “The reason so many people struggle financially is because every time they make more money, they also increase their two biggest expenses: taxes and interest on debt.”
Why should you read this book?
Best book of the month: Cashflow Quadrant
- First of all, you will discover which quadrant you are currently in and what you need to do in order to switch quadrants if you wish so. You will understand why investors and “big” business owners think and operate in a totally different way as opposed to employees and small business owners.
- Second, you will learn about the 7 levels of investment. From level zero “those with nothing to invest” up to level six “capitalists” – the level of investment excellence. The author warns anyone who tries to become a level 5 or 6 investor without the skills of a level 4 investor, and calls these “investors”, Gamblers!
- Third, you’ll learn exactly what it takes to be a successful “B” and “I”. Among other things, you’ll learn: how to take control of your cash flow, how to differentiate between risk and risky, and why working with a mentor is crucial to achieving long-lasting success.
- Fourth, you’ll discover why it’s essential to change your mindset. “No matter what anyone is saying to you from the outside, the most important conversation is the one you are having with yourself on the inside.
Best book of the month: Takeaway…
The most interesting thing about this book is the way the 4 different personality types embrace what is happening in the quadrant they are present. The people on the right, the B and I’s think totally different than the E’s and S’s on the left side. While E’s focus on job and social security, lawyers and doctors in the S quadrant for example want to do everything by themselves. They are the specialists and therefore, they know best what and how things need to be done.
B’s and I’s on the other hand are team player, looking for teams and forming relationships. They understand, that success means working with an A-team, having the best “specialists” in their teams to be able to prosper.
In closing, I’d like to share with you the following: If you decide to switch quadrants, say you want to move from E to S be prepared to experience what Kiyosaki says…
“Changing quadrants is often a change at the core of who you are, how you think, and how you look at the world. The change is easier for some people than for others simply because some people welcome change and others fight it. and changing quadrants is most often a life-changing experience. (…) So the changes are big changes, and not too many people choose to make them.”
Over To You
Have you read the Cachflow Quadrant? What quadrant are you currently in? Would you like to switch quadrants? If your answer is a firm “Yes”, why would you like to switch?
Let me know your thoughts about our best book of the month series.