Cashflow Quadrant: Rich Dad's Guide to Financial Freedom [Paperback]

Robert T. Kiyosaki (Author), Sharon L. Lechter (Author)

Book Description

Publication Date: April 1, 2000 | Series: Rich Dad

This work will reveal why some people work less, earn more, pay less in taxes, and feel more financially secure than others.

Editorial Reviews

About the Author

A 4th-generation Japanese American, Kiyosaki was educated in New York before joining the U.S. Marines and serving in Vietnam as a helicopter gunship pilot. In 1977 he founded a company producing Nylon and Velcro 'surfer' wallets which became a multi-million dollar business.

From AudioFile

This is one of the best of the Rich Dad Poor Dad audios. The core idea in this series is that being an investor or business owner gives one more freedom and a higher upside than being someone else's employee or being an owner-operator of a business. With vivid personal stories, the authors show that many people, including the author's "poor" dad (an educational administrator), choose working for others because of insecurity or misguided trust in organizations. One builds true financial freedom by accumulating assets that make money, especially rental property. Though others have offered this advice, it's clearer and more potent here, and worth listening to many times if your financial insecurity or complacency needs a push. T.W. © AudioFile 2003, Portland, Maine-- Copyright © AudioFile, Portland, Maine --This text refers to an out of print or unavailable edition of this title.

Product Details

• Paperback: 251 pages
• Publisher: Business Plus (April 1, 2000)
• Language: English
• ISBN-10: 0446677477
• ISBN-13: 978-0446677479
• Product Dimensions: 6.1 x 0.9 x 9 inches
• Shipping Weight: 13.6 ounces
• Average Customer Review: 4.2 out of 5 stars  See all reviews (367 customer reviews)
• Amazon Best Sellers Rank: #50,099 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

431 of 456 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 

Donald Mitchell "Jesus Loves You!" (Thanks for Providing My Reviews over 109,000 Helpful Votes Globally) - See all my reviews
(VINE VOICE)    (HALL OF FAME REVIEWER)    (TOP 100 REVIEWER)   

This review is from: Cashflow Quadrant: Rich Dad's Guide to Financial Freedom (Paperback)

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!

195 of 205 people found the following review helpful:

5.0 out of 5 stars This guy can write. Powerful book!, March 14, 2002

By A Customer

This review is from: Cashflow Quadrant: Rich Dad's Guide to Financial Freedom (Paperback)

Not since "Who Stole the American Dream" by Burke Hodges has anone written a book that dispels the notion of go to college, get a job and work hard--ENT!Not since How to Make Nothing But Money, a NY times best seller by Dave DelDotto has anyone explained with clarity the power of paper; Real Estate, Tax Liens and Discound Mortgages.Self employment is the way to go and this book proves that the American Dream is ALIVE & WELL.In this decade and beyond, more money will be made in network marketing, real estate and the stock market than ever before.Anyone who wants to participate in that growth must read this book.I also recommend Wall Street Money Machine for the new Millenium for powerful cash flow strategies.

142 of 148 people found the following review helpful:

5.0 out of 5 stars Outstanding book - perhaps his best, October 5, 2003

By 

Frank Blassie (Newark, NJ) - See all my reviews

This review is from: Cashflow Quadrant: Rich Dad's Guide to Financial Freedom (Paperback)

CFQ was worth every dollar and every minute. Jam packed with information on entering the CAsh Flow Quadrant. This book is especially good for the financially handicapped (those with college and especially advanced degrees and only understand a 9-5 existance)

CFQ helped take me from paycheck to paycheck to paycheck and 9-5 to self employment.

I highly recommend this book along with Rich Dad Poor Dad and other books in the RD series. They are all great.