The basic premise of the Rich Dad, Poor Dad series of books is that the business world is made up of largely 4 types of individuals:
- Employee (E) – has a job.
- Self-Employed (S) – owns a job.
- Business Owner (B) – owns a business system.
- Investor (I) – makes money work for them.
- Changing quadrants is a life-changing experience and often requires a fundamental shift in ones core values in order to come about.
- This requires massive action and massive personal transformation. You will be required to step outside your comfort zone.
The attainment of financial freedom requires a high level of financial intelligence. You need to be ready to move beyond job security (in the ‘E’ quadrant) in order to begin your journey towards financial freedom. Be under no illusions though; it is a bumpy, windy road laden with risks that need to be constantly managed. It is NOT for you if you want a secure, normal life. However, if you are prepared to make the leap, the prize at the end of this particular journey is financial freedom.
It is important to note that success is not guaranteed it’s a risk, just as standing up from where we lay is. For example, 80% of businesses start-ups never get to celebrate their 5th birthday. And of those that have become a successful, many successful “B’s” have lost their money through over-confidential forays in the “I” quadrant. The road to financial freedom is littered with casualties and people who turn back on their goals out of fear.
Many of the skills required to be successful as a Business Owner (B) or Investor (I) are not taught in school. In fact it’s remarkable just how many successful businessmen left school early but got their real education in the cut and thrust of the business world. Most successful business owners are innately curious, knowledge-thirsty and uncompromising in the pursuit of their goals. They chose to learn through Mentors; they read voraciously, and attend training courses and educational seminars converting this knowledge into action.
The rules of the game are totally different in each quadrant. They are completely different worlds and require different mindsets, tools, skills and behavior.
I have also included links to downloading a copy of the book, audio and even game with respect to the book, enjoy and remember me in your kingdom.