If you’ve read my previous blog ‘What being “too busy” taught me about family’, you would know that I spent the initial years of my career being stressed out and busy all the time. I was an employee and thought that owning a business would give me more financial freedom. But instead, I was working more hours and spending all my energy on my job.
After reading Robert Kiyosaki’s Cashflow Quadrant: Guide to Financial Freedom, I now realize what I was doing wrong. To give you context, let me tell you what the book is actually about.
Kiyosaki says that there are 2 categories of people in the world, both of whom lie on either side of the Cashflow Quadrant. (See below)
You can see that each quadrant has a different way of earning income. But the two on the left side (B&I) are the best ways to reach financial freedom. Let’s see why-
E- Employees
Most people fall into this category. They have a job that is owned by a person or an organization. The employee exchanges their time, energy, and skills for an income. Although their income can increase, it can only go up to a certain amount. When the employee stops working, the income stops too.
S- Self-Employed
These people exchange their skills for money. They own their job and have control over it. But if they want to earn more, they have to spend more hours working. This is where I used to be once. Even though I owned a business and had people working for me, the company was dependent on me. I was not delegating or creating a system.
Until I switched to becoming the next category-
B- Business Owners
They create systems that work for them. Even without their constant involvement, the business goes on and produces income for them. They hire people with higher skills than them for their expertise and do the work of leading the company.
I-Investors
Investors have the most financial education and freedom amongst all of them. They find assets, invest in them, and let the money work for them. The richest people in the world are investors.
Now that you know about the 4 quadrants, which one are you going to become?
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