his books are thought-provoking and go against the grain
against the grain
against the grain of most other personal finance gurus one
of most other personal finance gurus one
of most other personal finance gurus one of his most well known concepts is the
of his most well known concepts is the
of his most well known concepts is the cash flow quadrant he challenges your
cash flow quadrant he challenges your
cash flow quadrant he challenges your thinking around making active or passive
thinking around making active or passive
thinking around making active or passive income and forces you to think about
income and forces you to think about
income and forces you to think about whether you’re going to be an employee
whether you’re going to be an employee
whether you’re going to be an employee business owner self-employed or investor
business owner self-employed or investor
business owner self-employed or investor mentor me Robert diagram my Rich Dad
mentor me Robert diagram my Rich Dad
mentor me Robert diagram my Rich Dad showed me when I was a little boy was a
showed me when I was a little boy was a
showed me when I was a little boy was a diagram known as a cashflow quadrant and
diagram known as a cashflow quadrant and
diagram known as a cashflow quadrant and the quadrant is made up of the four
the quadrant is made up of the four
the quadrant is made up of the four different people who make up the world
different people who make up the world
different people who make up the world of business
of business
of business so my Rich Dad said in the world of
so my Rich Dad said in the world of
so my Rich Dad said in the world of business there’s ease and a stand for
business there’s ease and a stand for
business there’s ease and a stand for employees an employee says you can
employees an employee says you can
employees an employee says you can always tell who they are by their core
always tell who they are by their core
always tell who they are by their core values and what the employee whether the
values and what the employee whether the
values and what the employee whether the president or the janitor of the company
president or the janitor of the company
president or the janitor of the company will always say the same words the words
will always say the same words the words
will always say the same words the words are I’m looking for a safe secure a job
are I’m looking for a safe secure a job
are I’m looking for a safe secure a job with benefits that’s what makes them an
with benefits that’s what makes them an
with benefits that’s what makes them an employee because their core values is
employee because their core values is
employee because their core values is security the other other one of the four
security the other other one of the four
security the other other one of the four is the S or the small business owner or
is the S or the small business owner or
is the S or the small business owner or the self-employed and again their core
the self-employed and again their core
the self-employed and again their core values will cause them to use the same
values will cause them to use the same
values will cause them to use the same words which are if you want it done
words which are if you want it done
words which are if you want it done right do it by yourself s means are also
right do it by yourself s means are also
right do it by yourself s means are also solo but generally one person act or
solo but generally one person act or
solo but generally one person act or they operate by themselves on the right
they operate by themselves on the right
they operate by themselves on the right side of the quadrant are the bees and
side of the quadrant are the bees and
side of the quadrant are the bees and what Rich Dad said the bee stood for was
what Rich Dad said the bee stood for was
what Rich Dad said the bee stood for was big business or like Bill Gates Forbes
big business or like Bill Gates Forbes
big business or like Bill Gates Forbes you fines big businesses 500 employees
you fines big businesses 500 employees
you fines big businesses 500 employees or more and their words are different
or more and their words are different
or more and their words are different yes I’m looking for a good system good
yes I’m looking for a good system good
yes I’m looking for a good system good network and the smartest people I know
network and the smartest people I know
network and the smartest people I know to help run my business so they’re
to help run my business so they’re
to help run my business so they’re unlikely s they don’t want to run the
unlikely s they don’t want to run the
unlikely s they don’t want to run the company by themselves they want smart
company by themselves they want smart
company by themselves they want smart people to run their companies for them
people to run their companies for them
people to run their companies for them and then the fourth of a quadrant is the
and then the fourth of a quadrant is the
and then the fourth of a quadrant is the I and I stands for investor these are
I and I stands for investor these are
I and I stands for investor these are people who have money work hard for them
people who have money work hard for them
people who have money work hard for them these people that people have people
these people that people have people
these people that people have people work hard for them and these are the
work hard for them and these are the
work hard for them and these are the people that work hard for the rich here
people that work hard for the rich here
people that work hard for the rich here and the thing of note here is that most
and the thing of note here is that most
and the thing of note here is that most people who go to school a program for
people who go to school a program for
people who go to school a program for the E and the S side for examples my
the E and the S side for examples my
the E and the S side for examples my poor dad who always said to me son go to
poor dad who always said to me son go to
poor dad who always said to me son go to school so you can get a nice safe –
school so you can get a nice safe –
school so you can get a nice safe – carrot job
carrot job
carrot job and so my poor dad wanted me to be an
and so my poor dad wanted me to be an
and so my poor dad wanted me to be an employee as this the time was a kid get
employee as this the time was a kid get
employee as this the time was a kid get a safe secure job steady paycheck and
a safe secure job steady paycheck and
a safe secure job steady paycheck and benefits okay I didn’t want to be an
benefits okay I didn’t want to be an
benefits okay I didn’t want to be an employee and I said mama and Mom and Dad
employee and I said mama and Mom and Dad
employee and I said mama and Mom and Dad I want to be a rich man and I fight with
I want to be a rich man and I fight with
I want to be a rich man and I fight with my dad so my mother finally said son if
my dad so my mother finally said son if
my dad so my mother finally said son if you want to be rich my mother was
you want to be rich my mother was
you want to be rich my mother was registered nurse she says you want to be
registered nurse she says you want to be
registered nurse she says you want to be rich there is just people I know doctors
rich there is just people I know doctors
rich there is just people I know doctors so my mom wanted me to come over here be
so my mom wanted me to come over here be
so my mom wanted me to come over here be a specialist or small business person as
a specialist or small business person as
a specialist or small business person as there’s only one problem with that mom
there’s only one problem with that mom
there’s only one problem with that mom doctors are really smart I just got a
doctors are really smart I just got a
doctors are really smart I just got a good point they’re not going to be a
good point they’re not going to be a
good point they’re not going to be a doctor so I you know so I went to school
doctor so I you know so I went to school
doctor so I you know so I went to school I have a Bachelor of Science degree I
I have a Bachelor of Science degree I
I have a Bachelor of Science degree I can drive ships and I can fly planes and
can drive ships and I can fly planes and
can drive ships and I can fly planes and flew for the Marine Corps but that I’ve
flew for the Marine Corps but that I’ve
flew for the Marine Corps but that I’ve never used any of that education because
never used any of that education because
never used any of that education because I wanted to become a business owner so
I wanted to become a business owner so
I wanted to become a business owner so it was my rich dad who basically said to
it was my rich dad who basically said to
it was my rich dad who basically said to me you know become a business owner and
me you know become a business owner and
me you know become a business owner and learned to be a professional investor so
learned to be a professional investor so
learned to be a professional investor so one of the big differences here between
one of the big differences here between
one of the big differences here between these people is that is called taxes in
these people is that is called taxes in
these people is that is called taxes in 1943 the US the federal government
1943 the US the federal government
1943 the US the federal government passed a law that said employees had to
passed a law that said employees had to
passed a law that said employees had to pay tax before they got paid so when you
pay tax before they got paid so when you
pay tax before they got paid so when you go to you get your paycheck from your
go to you get your paycheck from your
go to you get your paycheck from your employer you open it up and voila the
employer you open it up and voila the
employer you open it up and voila the government’s always taken a sizeable
government’s always taken a sizeable
government’s always taken a sizeable chunk of it and the harder your work and
chunk of it and the harder your work and
chunk of it and the harder your work and the more money you make the more money
the more money you make the more money
the more money you make the more money they take from you so that’s why it’s
they take from you so that’s why it’s
they take from you so that’s why it’s not that good to be an employee because
not that good to be an employee because
not that good to be an employee because you can never get ahead because the more
you can never get ahead because the more
you can never get ahead because the more you work more money you make the grade
you work more money you make the grade
you work more money you make the grade they pay in taxes now that the doctors
they pay in taxes now that the doctors
they pay in taxes now that the doctors and lawyers and attorneys you know
and lawyers and attorneys you know
and lawyers and attorneys you know accountants were all laughing saw these
accountants were all laughing saw these
accountants were all laughing saw these guys they got the you know the game
guys they got the you know the game
guys they got the you know the game paying a lot of taxes so naturally the
paying a lot of taxes so naturally the
paying a lot of taxes so naturally the federal government changed the laws
federal government changed the laws
federal government changed the laws again so in 1986 the u.s. a thing called
again so in 1986 the u.s. a thing called
again so in 1986 the u.s. a thing called the 86 tax reform Act and it basically
the 86 tax reform Act and it basically
the 86 tax reform Act and it basically basically took a lot of the benefits
basically took a lot of the benefits
basically took a lot of the benefits away from people who are self-employed
away from people who are self-employed
away from people who are self-employed small business doctrines and lawyers so
small business doctrines and lawyers so
small business doctrines and lawyers so today in America unfortunately these
today in America unfortunately these
today in America unfortunately these guys pay the highest percentage in taxes
guys pay the highest percentage in taxes
guys pay the highest percentage in taxes it is tragic and a lot of people think
it is tragic and a lot of people think
it is tragic and a lot of people think their investors but what they’re really
their investors but what they’re really
their investors but what they’re really doing is they’re just giving their money
doing is they’re just giving their money
doing is they’re just giving their money to people like mutual funds come
to people like mutual funds come
to people like mutual funds come and all that so they’re not they’re
and all that so they’re not they’re
and all that so they’re not they’re investing but they’re not really
investing but they’re not really
investing but they’re not really investors see the big tax breaks are on
investors see the big tax breaks are on
investors see the big tax breaks are on this side you know the laws are pretty
this side you know the laws are pretty
this side you know the laws are pretty tight here but this area is very very
tight here but this area is very very
tight here but this area is very very great so by being a business owner on
great so by being a business owner on
great so by being a business owner on the right-hand side of the quadrant you
the right-hand side of the quadrant you
the right-hand side of the quadrant you can make a lot more money and pay a
can make a lot more money and pay a
can make a lot more money and pay a smaller percentage of taxes legally and
smaller percentage of taxes legally and
smaller percentage of taxes legally and the key word is legally in the investor
the key word is legally in the investor
the key word is legally in the investor quadrant it is possible to make millions
quadrant it is possible to make millions
quadrant it is possible to make millions of dollars and pay zero percent taxes
of dollars and pay zero percent taxes
of dollars and pay zero percent taxes legally and so it was my Rich Dad who
legally and so it was my Rich Dad who
legally and so it was my Rich Dad who said to me says you know Robert if you
said to me says you know Robert if you
said to me says you know Robert if you really want to be rich learn to build
really want to be rich learn to build
really want to be rich learn to build businesses it made more sense to him to
businesses it made more sense to him to
businesses it made more sense to him to work hard to build a business something
work hard to build a business something
work hard to build a business something you own and something you’d pass on for
you own and something you’d pass on for
you own and something you’d pass on for generation to generation to your kids
generation to generation to your kids
generation to generation to your kids whereas my poor dad said work hard but
whereas my poor dad said work hard but
whereas my poor dad said work hard but my Rich Dad said why would you work hard
my Rich Dad said why would you work hard
my Rich Dad said why would you work hard for something you’ll never own and you
for something you’ll never own and you
for something you’ll never own and you can get fired from right away again that
can get fired from right away again that
can get fired from right away again that was a difference in values so my Rich
was a difference in values so my Rich
was a difference in values so my Rich Dad suggested I learned how to be a
Dad suggested I learned how to be a
Dad suggested I learned how to be a business owner and learn how to be an
business owner and learn how to be an
business owner and learn how to be an investor and that’s one of the big
investor and that’s one of the big
investor and that’s one of the big differences on this side of the quadrant
differences on this side of the quadrant
differences on this side of the quadrant these people here were for security they
these people here were for security they
these people here were for security they work for money also on this side over
work for money also on this side over
work for money also on this side over here their key value that they want is
here their key value that they want is
here their key value that they want is they want freedom they don’t want to
they want freedom they don’t want to
they want freedom they don’t want to have to work at a job anymore they don’t
have to work at a job anymore they don’t
have to work at a job anymore they don’t want to have to work for the rest of
want to have to work for the rest of
want to have to work for the rest of their lives so one of the beauties of
their lives so one of the beauties of
their lives so one of the beauties of business for the 21st century
business for the 21st century
business for the 21st century is allows people to make the transition
is allows people to make the transition
is allows people to make the transition of the E and s side to the B side
of the E and s side to the B side
of the E and s side to the B side especially and so you can become a big
especially and so you can become a big
especially and so you can become a big business owner the difference between s
business owner the difference between s
business owner the difference between s and a B small business and big business
and a B small business and big business
and a B small business and big business is most of these guys can’t quit working
is most of these guys can’t quit working
is most of these guys can’t quit working most small business owners if they
most small business owners if they
most small business owners if they stopped working for more than a month
stopped working for more than a month
stopped working for more than a month the business collapses you know they
the business collapses you know they
the business collapses you know they don’t really have a business most of
don’t really have a business most of
don’t really have a business most of these people own a job so the beauty of
these people own a job so the beauty of
these people own a job so the beauty of business for the 21st century it allows
business for the 21st century it allows
business for the 21st century it allows these people to make the transition to
these people to make the transition to
these people to make the transition to the B side so that you don’t have to
the B side so that you don’t have to
the B side so that you don’t have to keep working hard for money any money
keep working hard for money any money
keep working hard for money any money can actually come in passively then once
can actually come in passively then once
can actually come in passively then once you have your business up and running
you have your business up and running
you have your business up and running then I always recommend you then begin
then I always recommend you then begin
then I always recommend you then begin investing with your excess cash paying
investing with your excess cash paying
investing with your excess cash paying less and less in
less and less in
less and less in taxes and that’s the reason the rich are
taxes and that’s the reason the rich are
taxes and that’s the reason the rich are getting richer for people who want to
getting richer for people who want to
getting richer for people who want to make the shift over to the beak washer
make the shift over to the beak washer
make the shift over to the beak washer which is what I would recommend for
which is what I would recommend for
which is what I would recommend for people one of the beauties of a network
people one of the beauties of a network
people one of the beauties of a network marketing company is that you can do
marketing company is that you can do
marketing company is that you can do that for a very low price and that’s why
that for a very low price and that’s why
that for a very low price and that’s why I talk to people about considering
I talk to people about considering
I talk to people about considering network marketing if you’re to build a
network marketing if you’re to build a
network marketing if you’re to build a Microsoft it would take you hundreds of
Microsoft it would take you hundreds of
Microsoft it would take you hundreds of millions of dollars but a network
millions of dollars but a network
millions of dollars but a network marketing company allows you to start at
marketing company allows you to start at
marketing company allows you to start at a very low rate they’ll be patient with
a very low rate they’ll be patient with
a very low rate they’ll be patient with you they’ll take their time to
you they’ll take their time to
you they’ll take their time to transition over here and the reason why
transition over here and the reason why
transition over here and the reason why that time is so important to most people
that time is so important to most people
that time is so important to most people is it takes time to change those values
is it takes time to change those values
is it takes time to change those values and the most important thing is once you
and the most important thing is once you
and the most important thing is once you take the time let’s say it takes one
take the time let’s say it takes one
take the time let’s say it takes one year two years five years whatever times
year two years five years whatever times
year two years five years whatever times it takes once you see the value or the
it takes once you see the value or the
it takes once you see the value or the core values of this side on this side
core values of this side on this side
core values of this side on this side you’re unstoppable today I would never
you’re unstoppable today I would never
you’re unstoppable today I would never go back and get a job why should I I’d
go back and get a job why should I I’d
go back and get a job why should I I’d rather go stay on this side build
rather go stay on this side build
rather go stay on this side build companies pay less taxes and make more
companies pay less taxes and make more
companies pay less taxes and make more money but the key is a person needs to
money but the key is a person needs to
money but the key is a person needs to change the values from my poor debt to
change the values from my poor debt to
change the values from my poor debt to the values of my rich debt
the values of my rich debt
the values of my rich debt one of the challenges of being
one of the challenges of being
one of the challenges of being self-employed is that you’re your own
self-employed is that you’re your own
self-employed is that you’re your own boss you’re the solo act like an S
boss you’re the solo act like an S
boss you’re the solo act like an S Quadrant you’re the individual you do it
Quadrant you’re the individual you do it
Quadrant you’re the individual you do it on your own whereas in the B quadrant
on your own whereas in the B quadrant
on your own whereas in the B quadrant you’re a team player you have to depend
you’re a team player you have to depend
you’re a team player you have to depend upon your team and company your team so
upon your team and company your team so
upon your team and company your team so the problem with being an S is that
the problem with being an S is that
the problem with being an S is that let’s say you’re in a traffic accident
let’s say you’re in a traffic accident
let’s say you’re in a traffic accident there goes your income and let’s say you
there goes your income and let’s say you
there goes your income and let’s say you get older and you haven’t set enough
get older and you haven’t set enough
get older and you haven’t set enough money aside to retire on that means
money aside to retire on that means
money aside to retire on that means you’ll probably have to work for the
you’ll probably have to work for the
you’ll probably have to work for the rest of your life because you don’t have
rest of your life because you don’t have
rest of your life because you don’t have anybody else to fall back on not a team
anybody else to fall back on not a team
anybody else to fall back on not a team to count on so one of the problems with
to count on so one of the problems with
to count on so one of the problems with the S although most people say it’s most
the S although most people say it’s most
the S although most people say it’s most satisfying of all work it is a solo act
satisfying of all work it is a solo act
satisfying of all work it is a solo act and you’re totally on your own
and you’re totally on your own
and you’re totally on your own personally I’d rather be a member of a
personally I’d rather be a member of a
personally I’d rather be a member of a team if they can count on me and I can
team if they can count on me and I can
team if they can count on me and I can count on them thank you guys so much for
count on them thank you guys so much for
count on them thank you guys so much for watching I’d love to know what your
watching I’d love to know what your
watching I’d love to know what your thoughts are on the
thoughts are on the
thoughts are on the cash flow quadrant where you feel you
cash flow quadrant where you feel you
cash flow quadrant where you feel you fit in and what you’ve learned from this
fit in and what you’ve learned from this
fit in and what you’ve learned from this video and what you’re going to make an
video and what you’re going to make an
video and what you’re going to make an impact in on your business on your life
impact in on your business on your life
impact in on your business on your life leave it in the comments below really
leave it in the comments below really
leave it in the comments below really curious to find out and if you like this
curious to find out and if you like this
curious to find out and if you like this video my personal goal is to reach our
video my personal goal is to reach our
video my personal goal is to reach our million subscribers on this channel so
million subscribers on this channel so
million subscribers on this channel so anything that you can do to help share
anything that you can do to help share
anything that you can do to help share it tweet it out of the playlist tell
it tweet it out of the playlist tell
it tweet it out of the playlist tell your friends I’d really really really
your friends I’d really really really
your friends I’d really really really appreciate it thank you guys so much for
appreciate it thank you guys so much for
appreciate it thank you guys so much for watching
watching
watching continue to believe and I’ll see you
continue to believe and I’ll see you
continue to believe and I’ll see you soon
”
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