Copyright by Cashflow Technologies, Inc.
Taking a little time to ponder on the graphic above will give you a summary of what this post holds. The Cashflow quadrants were developed by Robert T. Kiyosaki, author of the bestseller Rich Dad Poor Dad. Robert throughout his years of spreading his knowledge on financial freedom, have used these quadrants over and over again. Simplicity combined with an abundance of useful principals that one could apply in our everyday lives.
The letters on the graphic above depicts:
- E ~ employed
- S ~ self employed
- B ~business owners
- I ~ investors
As we would divide these quadrants into a left and right portion, we can see more clearly that the left quadrant works to earn money. On the other hand, the right quadrant makes money work for them.
To keep things simple for this post, we shall discuss what are cashflow quadrants. In the world of business and finance, there are numerous types of cashflow i.e. operational cashflow, investment cashflow, financing cashflow. Here we are going to discuss your very own cashflow.
- Start by thinking of yourself as a commodity. You will determine what you're worth by actions that you take today.
- Then look closely at the quadrants and determine which quadrant you're in.
- Then forget whatever that you're doing while reading this AND FOCUS ON WHICH QUADRANT YOU WANT TO BE IN!
- Study yourselves and note down all the best and worst qualities you currently possess.
- Seek a mentor to guide you in whichever quadrant you choose to be in. Be sure to take advice from someone who has been there and done that. Professional consultants who are paid to give you advice are often out of the question. They are paid to sell you words. The results will solely be the outcome of your own actions.
Time to devote yourselves to a lifetime of learning. Nobody can guarantee you financial freedom but yourselves. So devote a little time in a day to LEARN.
We have got to learn to crawl, walk, stumble and fall, before we finally begin to run and sprint. J. Huntsman
*we shall discuss further on the ESBI Quadrants in my next post.
