Robert T Kiyosaki is one writer with clearcut, practical ideas on money. Recently I picked up his book ‘Cashflow quadrant’ and it really rocks. I recommend all employees and self employed to read this book. May be all of his books starting from Rich Dad Poor dad.
Robert Kiyosaki, in his book ‘Cashflow Quadrant’ talks about the cashflow quadrants. The quadrants on the left are E-Employee and S-Self employed. The quadrants on the right are B-Business owner and I-investor.
The person in the ‘E’ quadrant looks for security. The people in the ‘S’ quadrant are the ‘do it yourself’ category. For this group money is not the most important. They value their independence, the freedom to do things their way, and to be respected as experts in their field. The person in the ‘B’ quadrant like to surround themselves with smart people from all four categories E,S,B,I. The true motto of a ‘B’ is ‘why do it yourself when you can hire someone to do it for you’. People in the ‘I’ quadrant (Investor) make money with money. They do not have to work becuase their money is working for them.