#Cashflow quadrant book review trial
#Cashflow quadrant book review series

Many readers credit the Rich Dad books with waking them up to the concept of passive income in the first place. The Rich Dad books have appealed to millions. Rich Dad’s Cashflow Quadrant uses the idea of four income categories to make clear how the type of income you earn is central to generating wealth. The central principles in Rich Dad’s Cashflow Quadrant and Rich Dad, Poor Dad are the same: The best way to achieve wealth is to eschew prioritizing security and working hard at a “good job” in favor of cultivating boldness and learning to manage the risk of investing so you can create passive income. His anti-taxation, anti-entitlement, pro-gold standard positions shape his books, including Rich Dad’s Cashflow Quadrant. Kiyosaki’s politics, which inform and appear in his books, range between libertarian and conservative. Rich people, according to Kiyosaki, understand that the key to generating wealth is generating passive income. Instead, the Rich Dad books and others like it emphasize that to become rich, you need to learn to think like a rich person.

#Cashflow quadrant book review series

The Rich Dad Poor Dad series is part of a movement in popular personal finance books away from offering techniques for living below your means and saving as a strategy for building wealth. Rich Dad’s Cashflow Quadrant: Guide to Financial Freedom, published in 1998, is the sequel to Robert Kiyosaki’s 1997 blockbuster, Rich Dad Poor Dad. In the late 2010s, she sued Kiyosaki for cutting her out of her share of profit from their Rich Dad work and settled for $10 million. She’s an accountant and a businesswoman and was appointed to a position on the President’s Advisory Council on Financial Literacy in the Bush Administration. Sharon Lechter co-wrote Rich Dad Poor Dad, Rich Dad’s Cashflow Quadrant, and most of Kiyosaki’s other books in the Rich Dad series. Kiyosaki maintains a public presence and continues to make headlines, commenting on personal finance and politics. In 20, Kiyosaki published books on personal finance and entrepreneurship with Donald Trump. Rich Dad’s Cashflow Quadrant is one of 14 books in the Rich Dad series, which together have sold over 26 million copies.īefore becoming a personal finance author and personality, Kiyosaki developed the educational board game CASHFLOW and founded his brand, The Rich Dad Company, with his wife, Kim Kiyosaki. The book held a place on the New York Times Bestseller list for six years and has been translated into more than forty languages. He is a motivational speaker, real estate investor, and the author of the best-selling personal finance book of all time, Rich Dad Poor Dad. The following Rich Dad’s Cashflow Quadrant review covers the book’s context, background, and critical reception by the readers.

Kiyosaki uses the stories of his now-famous “Rich Dad” (his friend’s father) and “Poor Dad” (his own father) to illustrate how different income types lead to different results. In Rich Dad’s Cashflow Quadrant, Robert Kiyosaki argues that to generate wealth, what kind of income you generate is more important than how much income you generate, or what kind of work you do.

What is Rich Dad’s Cashflow Quadrant about? What is the key message to take away from the book?

#Cashflow quadrant book review trial

Like this article? Sign up for a free trial here. Shortform has the world's best summaries and analyses of books you should be reading. This article is an excerpt from the Shortform book guide to 'Rich Dad's Cashflow Quadrant' by Robert T.