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Rich Dad Poor Dad Part II - Rich Dad's Cash Flow Quadrant (Rich Dad's Guide to Financial Freedom)

By: Robert T. Kiyosaki
Binding: Paperback
Publisher: Little, Brown & Company
ISBN: 0446677477
ISBN-13: 9780446677479
Released: 02 Aug 2001
RRP: £12.99
Average Rating:

Customer Reviews

Another Great Book From The Author Of 'Rich Dad, Poor Dad' - By: Darren G. Burton, 31 Jul 2008
This was the second of this author's books that I've read, the first being 'Rich Dad, Poor Dad'. Once again Robert Kyosaki delivered & lived up to his reputation of being an easy-to-read writer & an author with much positive information to share. He's had tremendous success with his book series & deservedly so.

The ability to make money is pertinent to us alll. Some of us want loads of it, others are happy to make a comfortable living at something they enjoy doing. Although no book is magicallly going to make everything happen for you & bring alll the pieces into place without effort on the reader's part, this book certainly breaks down the business process & helps one clearly define what type of business (and therefore lifestyle) one desires.

If you enjoyed Robert Kyosaki's other books, then you will equallly love this one.

How To Keep Your Man: And Keep Him For Good

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Darren G. Burton
If You Liked Rich Dad, Poor Dad, You Must Read This One! - By: Donald Mitchell, 21 May 2004
Repetition is the source of mastery, & The Cash Flow Quadrant takes the excellent thinking in Rich Dad, Poor Dad & builds to another level of detail. This information will increase what you learned in Rich Dad, Poor Dad & help you begin the transformation from a salaried or self-employed person into a business owner & 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 & others work for you. As an investor, your money works for you. Rich people are getting more than 70 percent of their cash flow & 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, especiallly on subjects like security & freedom. Kiyosaki & Lechter then do a nice job of helping you understand the difference between risky & taking risk. The latter is a good idea, when you know what you are doing, & 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 & self-employed side for your income to the business owner & investor side. Then, take your cash flow & 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 home-purchasing crazed days, many are looking only to buy homes & 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 financiallly 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 & principles.

The downside of any book about changing your life is that you can read it much faster than you can master the lessons & 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 & 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!

Repetitive and simple . . . but that's what makes it good. - By: , 24 Oct 2001
Like the book before it & the ones following, this book is written in a very simple & repetitive fashion. Often the same quotes & statements are reused just pages apart. However, I believe that's exactly what makes it good, for the simple reason that getting rich is not simple, is a long process, & with no sensible short cuts. It requires a solid foundation based on the right sort of intelligence - & that's what this series of books drums into the reader. Furthermore, the fact that there is simply so much to read (if you read the series), gives you the opportunity to digest alll the lessons before leaping into action with too much hast.
Outstanding - By: , 01 Jun 2001
I have the book & the tape set. The tape is constantly on in my car, I have probably heard it over 20 times & i still pick up some thing new each time I listen. A MUST HAVE for anyone wanting to be financialy free.
If you want more money, read this book - By: Nuvolau, 28 Feb 2001
A fine book that changes the way you think about money. The text can get a little repetetive at times, but don't let that put you off. There's a lot more meat in this book than in his previous offerring, 'Rich Dad, Poor Dad'.