Cashflow Quadrant: Rich Dad's Guide to Financial Freedom (Paperback)

~ (Author), Sharon L. Lechter (Author) "In 1985, my wife, Kim, and I were homeless..." (more)
Key Phrases: educated dad, financial fast track, four green houses, Industrial Age, Information Age, Rich Dad Poor Dad (more...)

Editorial Reviews

Product Description

The Cashflow Quadrant is the follow-up guide to finding the financial fast track that best works for you. It reveals the strategies necessary for moving beyond just job security to greater financial security by generating wealth from four selective financial quadrants.

About the Author

"Born and raised in Hawaii, Robert T. Kiyosaki co-founded an international education company that operated in seven countries, teaching business to tens of thousands of graduates. Now retired, Robert does what he enjoys most...investing. Concerned about the growing gap between the haves and have nots, Robert created the board game CASHFLOW, which teaches the game of money, here before only known by the rich.

Sharon L. Lechter is a wife and mother of three, CPA, consultant to the toy and publishing industries and business owner. As co-oauthor of RICH DAD, POOR DAD and THE CASHFLOW QUADRANT, she now focuses her efforts in helping to create educational tools for anyone interested in bettering their own financial education."

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Product Details

• Paperback: 251 pages
• Publisher: Business Plus (April 1, 2000)
• Language: English
• ISBN-10: 0446677477
• ISBN-13: 978-0446677479
• Product Dimensions: 8.9 x 6 x 1 inches
• Shipping Weight: 12 ounces (View shipping rates and policies)
• Average Customer Review: 4.2 out of 5 stars  See all reviews (337 customer reviews)
• Amazon.com Sales Rank: #1,927 in Books (See Bestsellers in Books)

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  #2 in	Books > Business & Investing > Personal Finance > Financial Planning
  #5 in	Books > Business & Investing > Personal Finance > Budgeting & Money Management
  #31 in	Books > Business & Investing > Popular Economics

Customer Reviews

Most Helpful Customer Reviews

396 of 416 people found the following review helpful:

5.0 out of 5 stars If You Liked Rich Dad, Poor Dad, You Must Read This One!, August 12, 2000

By	Professor Donald Mitchell "Jesus Makes Me a P... (Boston) - See all my reviews (TOP 10 REVIEWER)

Repetition is the source of mastery, and The Cash Flow Quadrant takes the excellent thinking in Rich Dad, Poor Dad and builds to another level of detail. This information will increase what you learned in Rich Dad, Poor Dad and help you begin the transformation from a salaried or self-employed person into a business owner and investor.

The definitions of these four quadrants are important. As an employee, you have a job. As a self-employed person, you own a job. As a business owner you have a system (such as a franchise like McDonald's) that produces cash flow for you and others work for you. As an investor, your money works for you. Rich people are getting more than 70 percent of their cash flow and income by having money work for them.

One of the strengths of the book is that it deals with the subtle psychological differences among people in the four different quadrants, especially on subjects like security and freedom. Kiyosaki and Lechter then do a nice job of helping you understand the difference between risky and taking risk. The latter is a good idea, when you know what you are doing, and the former is always to be avoided.

The book is not dogmatic, pointing out that good results can be reached in a variety of ways. You have to decide which ones are right for you. In general, you are encouraged to move from the employee and self-employed side for your income to the business owner and investor side. Then, take your cash flow and expand it into investments.

Another of the strengths of the book is to make it clearer what the advantages of income property are. In these Internet stock-crazed days, many are looking only to stocks and missing good commercial property opportunities.

There are lots of good questions you can use to help frame your road through the cash flow quadant. At a minimum, you will become much more financially literate. With the help of the 7 steps here for making the necessary changes, you should begin to make the transition.

The book has a nice conversational tone that turns personal economics into common sense examples and principles.

The downside of any book about changing your life is that you can read it much faster than you can master the lessons and apply them. I suggest that you schedule time to reread this book over the next 10 years. That's the best way to check up on yourself and how you are doing.

I do recommend that you read Rich Dad, Poor Dad first. You'll get much more out of this book if you do that. Then you'll begin to see opportunities where others see difficulties. Good luck with fulfilling your goals!

147 of 151 people found the following review helpful:

5.0 out of 5 stars Broke the "Paycheck to Paycheck" Cycle, July 19, 2003

By A Customer

Before reading and more importantly, following the advise in Cash Flow Quadrant, I was like most people in that awful "paycheck to paycheck" cycle, "thank God it's Friday" and oh no, today it's Sunday, back to the old grindstone tomorrow" RUT.I was astonished the other day to talk with someone who I thought was doing pretty well financially. This individual said that if he missed2 paychecks, he would be bankrupt! Then I remembered that was were I was before I read and used the concepts in Cash Flow Quadrant!I would also recommend Who Stole The American Dream, The E-Myth Revisited And Multiple Streams of Income.

145 of 149 people found the following review helpful:

5.0 out of 5 stars Better than the first book, May 31, 2003

By A Customer

I disagree with the readers who feel that CFQ is inferior or at best, just RDPD in another cover. CFQ goes into more detail the whole Cash Flow concept. Of course, anyone who has actually read the books already knows this which tells me that the bashers at best probably just skimmed the free sample pages here on Amazon and didn't even bother to read CFQ.

Good book. I highly recommend it.