Learning from the book The Cashflow Quadrant™

I am very grateful to have learned much from Robert Kiyosaki over a period of almost 20 years. I was fortunate enough to be part of the company that promoted him in Australia and New Zealand for 5 years. My favourite book in the Rich Dad series is The Cashflow Quadrant™ by Robert Kiyosaki with Sharon Lechter.

I am going to share some of the lessons I think are critical for anyone wanting to take control of their financial destiny. My summary in these posts does not replace the need to read the book. I will be sharing the lessons that really resonate with me. I believe the book is a must read for everyone.

My first lesson from The Cashflow Quadrant™
Robert and his wife Kim were homeless, unemployed and in debt in 1985. They were  living in their car and then in a friend’s basement. By 1989 they were millionaires and by 1994 they had achieved financial freedom.

Robert disagrees with the saying “it takes money to make money”. He is proof of someone starting without money (in fact being in debt) and becoming wealthy in a relatively short time.

My lesson from this is that Robert and Kim did not give into the temptation to get a safe and secure job when they were in such a vulnerable situation. They stuck to their dream of creating their own business. Too often people give in to immediate gratification and let go of their long term dream.