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ESBI CONCEPT CASH FLOW QUADRANT

By MOTIVATIONWITHGLF -
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  In his book Rich Dad, Poor Dad, Kiyosaki explained a key concept of ESBI. As we can see in the above picture, the various characteristics of people in each quadrant. Let’s discuss about the people in each quadrant, and figure out in which quadrant we find ourselves and how can we move to the most desired quadrants. First Quadrant: Employed: In this quadrant we find people who are employees. They always work for others and depend other instruments which take the money from them. Cars and their life is a struggle for survival. They often compare themselves with others who made what and in the process lose the complete picture. They cannot accumulate enough wealth in the process of working for others. Sadly we find many in society including ourselves in this category. Work hard, earn money, give 30% to Govt as tax, another 30% to banks in terms of interest and live a hand to mouth life. Buy more and more liabilities as houses,fear they are driven by insecurity,process upon th
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ESBI CONCEPT CASH FLOW QUADRANT

By MOTIVATIONWITHGLF -
Image
  In his book Rich Dad, Poor Dad, Kiyosaki explained a key concept of ESBI. As we can see in the above picture, the various characteristics of people in each quadrant. Let’s discuss about the people in each quadrant, and figure out in which quadrant we find ourselves and how can we move to the most desired quadrants. First Quadrant: Employed: In this quadrant we find people who are employees. They always work for others and depend other instruments which take the money from them. Cars and their life is a struggle for survival. They often compare themselves with others who made what and in the process lose the complete picture. They cannot accumulate enough wealth in the process of working for others. Sadly we find many in society including ourselves in this category. Work hard, earn money, give 30% to Govt as tax, another 30% to banks in terms of interest and live a hand to mouth life. Buy more and more liabilities as houses,fear they are driven by insecurity,process upon th
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WHAT RICH DAD POOR DAD BOOK TAUGHT US?

By MOTIVATIONWITHGLF -
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RICH DAD POOR DAD Many people work very hard in their life, few work more than ten hours a day but can not save money nor do they get rich. Rich Dad Poor Dad book identifies smart ways to escape this “rat race” of working for unlimited hours yet struggling to make ends meet.   Robert Kiyosaki had two fathers: a rich one and a poor one. One was highly educated with a Ph.D. and so intelligent he completed his undergraduate degree in only two years. The other father didn’t even finish the eighth grade. While both men worked hard, were successful, and earned a lot of money, there was always one who struggled with money. And the other dad, well, he became one of the richest people in Hawaii. By having two dads, with entirely different mindsets, Kiyosaki found himself comparing the two dads a lot. It was hard to figure out which dad he should listen to. Neither had found success yet. And both were experiencing financial struggles as they were still early in their careers. Schools don
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