2012

Rich Dad's Cashflow Quadrant: Rich Dad's Guide to Financial Freedom

by Robert T. Kiyosaki

★★★★★

After The Worldly Philosophers, I recommend reading The Creature from Jekyll Island by G. Edward Griffin, Paul Zane Pilzer’s Unlimited Wealth, James Dale Davidson’s The Sovereign Individual, Robert Preacher’s The Crest of the Wave, and Harry Dent’s The Great Depression Ahead. The definition of wealth is the number of days you can survive without physically working (or anyone else in your household physically working) and still maintain your standard of living.

Core Learnings
01

After The Worldly Philosophers, I recommend reading The Creature from Jekyll Island by G. Edward Griffin, Paul Zane Pilzer’s Unlimited Wealth, James Dale Davidson’s The Sovereign Individual, Robert Preacher’s The Crest of the Wave, and Harry Dent’s The Great Depression Ahead.

02

The definition of wealth is the number of days you can survive without physically working (or anyone else in your household physically working) and still maintain your standard of living.

03

The problem with that emotional psychosis is that, in the real world, people who take action are the ones who make the most mistakes and learn from them to win in the game of life.

04

“The more people you’re indebted to, the poorer you are,” said rich dad. “And the more people you have indebted to you, the wealthier you are. That’s the game.”

05

“When the fear of losing money and failing becomes too painful inside, a fear we both have, he chooses to seek security and I choose to seek freedom.”

Top Highlights
"After The Worldly Philosophers, I recommend reading The Creature from Jekyll Island by G. Edward Griffin, Paul Zane Pilzer’s Unlimited Wealth, James Dale Davidson’s The Sovereign Individual, Robert Preacher’s The Crest of the Wave, and Harry Dent’s The Great Depression Ahead."
"The definition of wealth is the number of days you can survive without physically working (or anyone else in your household physically working) and still maintain your standard of living."
"The problem with that emotional psychosis is that, in the real world, people who take action are the ones who make the most mistakes and learn from them to win in the game of life."
"“The more people you’re indebted to, the poorer you are,” said rich dad. “And the more people you have indebted to you, the wealthier you are. That’s the game.”"
"“When the fear of losing money and failing becomes too painful inside, a fear we both have, he chooses to seek security and I choose to seek freedom.”"
"My rich dad used to say to his son and me that the only difference between a rich person and a poor person is what they do in their spare time."
"“Be careful of the advice you take. While you must keep your mind open, always be aware of which quadrant the advice is coming from.”"
Action Items
  • →“When the fear of losing money and failing becomes too painful inside, a fear we both have, he chooses to seek security and I choose to seek freedom.”
  • →My rich dad used to say to his son and me that the only difference between a rich person and a poor person is what they do in their spare time.
  • →“Be careful of the advice you take. While you must keep your mind open, always be aware of which quadrant the advice is coming from.”
  • →It seems that our paths in life are not found in our minds. Our path in life is to find out what is in our hearts.

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