25/02/2010 by Colin Schedler
In my last post I introduced you to Tony Christiansen, the first of the many inspirational people I found on my journey. In this and subsequent posts, I will introduce you to more.
Robert Kiyosaki
Most people who are on the wealth creation journey will have heard of Robert Kiyosaki. Best selling author, entrepreneur, investor and motivational speaker. His mission is to educate people on money and wealth creation and he does so primarily with his books, seminars and his popular board game series, Cashflow.
Rich Dad, Poor Dad
I first became aware of Robert Kiyosaki from scouring the self-improvement/ financial education sections of various bookstores, where his number 1 bestseller “Rich Dad, Poor Dad” always stood out. I decided to buy the book after doing a bit of research into Robert Kiyosaki and I have to say it was a worthwhile investment.
The ability to read a book from cover to cover has never really been my forté, however this book seemed to hit the right note with me and I found myself engrossed in the content. One particular theme made a lot of sense to me and this involved the concept of financial education.
In his book, Robert Kiyosaki, highlights that education systems worldwide are failing to teach our children about money and how to manage it. He believes that schools today are still basing their teaching on ideas born in the industrial revolution and that they hold no place in the 21st Century. The old belief that we must get a formal education, find a job and then work our way up in order to become financially wealthy should give way to his belief that one can only become truly wealthy if you can generate a passive income from various means.
This concept is explained further in another of Robert Kiyosaki’s books, “Cashflow Quadrant: Rich Dad’s Guide To Financial Freedom”, an excellent addition to “Rich Dad, Poor Dad”.
Cashflow Quadrant
The basis of the book revolves around 4 quadrants as seen in the image below;
- Employee
- Self-Employed
- Business Owner
- Investor
The idea behind the model is to move from the left side, i.e. the employee and self-employed to the right – the Business Owner and Investor quadrants, where you work less, earn more, pay less taxes and give yourself more free time.
This simple, yet effective idea is the reason that I am currently focussing on Internet Marketing. My future aim is to create passive income from this strategy as well as from share trading and investment properties, as means of creating wealth for success.
Colin Schedler © 2010
Posted in Inspirational People, Personal Journey | Tagged Cashflow, Rich Dad Poor Dad, Robert Kiyosaki | 7 Comments
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G’day Colin,
Really love Robert’s writing. I bought Rich Dad Poor Dad to read on a flight from Sydney to Melbourne, and then train to Gippsland. Usually I manage a few pages [ like you ] and drift away. NOT with this book ! By the time I reached Morwell, there were only a few pages to finish it, so as soon as possible, I finished it ……………IN ONE DAY !
I refer to Robert in an earlier blog http://turbochargedinvestments.com/inspiration-and-motivation/how-thoughts-empower-our-lives/
Great Article, Colin.
Cheers
Harry
Harry Lynn´s last blog ..GRATITUDE – or doing my Gratitudes !
Hi Harry – I’ve read several of RK’s books – every one of them a great read. I also got my teenage son “Rich Dad Poor Dad for Teens”a few years ago. He loved it and as a result has been to many wealth creation seminars to learn more and more about different ways of investing. He starts uni next week and has already signed up to join the share trading club! Thanks for a great article. Jan
Jan Littlehales´s last blog ..Raising Great Kids – Nippers
Hi Colin,
I have a number of the Rich Dad Poor Dad books on my shelf. Robert Kiyosaki has definitely helped inspire me towards thinking about how I want to make money, and the cashflow quadrant is a great way to analyse things. I would highly recommend Robert Kiyosaki’s books to anyone interested in figuring out how to get out of the ‘rat-race’.
Robert Kiyosaki has also released a game called ‘Cashflow 101′, which is a lot of fun to play and helps teach investment strategies and the benefits of positive cashflow. The computer verison is much easier than having to do all the calculations required during the boardgame.
Cheers,
Tom
Tom´s last blog ..Why Bother Trying to Make Money Working Online?
Hi Tom,
I wasn’t aware of a PC version of Cashflow 101 – will have to check it out.
Cheers
Colin
Hi Harry,
Definitely worth having a few of Robert’s books available to dip into now and again to keep the motivation going. I’m just about to start reading “If You Want To Be Rich & Happy, Don’t Go To School”.
Cheers,
Colin
Hi Colin,
I have to agree with you, RK writes some valuable messages in his books. I have read Rich Dad Poor Dad some time ago, and it definitely helped me become more aware to make better choices in how I invest my money and spend my spare time.
Cheers,
Cade
Cade´s last blog ..Boost your Trading Success with the Risk Reward Ratio
Hi Cade,
Rich Dad Poor Dad is one of those books they should have as a set book in schools – It’d be interesting to see what impact it’s teachings would have on future generations.