Employee refers to people who is employed somewhere. This covers different types of employees including engineers, accountants, bank executives, professors, chemists, etc. Anyone who works for a salary falls under this category.
Email When it comes to financial education, many of us have learned from a gentleman named Robert Kiyosaki. Now, before I start, I want to make it clear that it is NOT my intention to bash any quadrant over the other, but rather just to enlighten you with the differences you can read my story here.
As you read along, you may discover for yourself why some Quadrants are more attractive than the others. For some of you, the teachings of Cashflow Quadrant will be a review, but for some, this will be entirely new.
Regardless of your situation, my hope is that by understanding the sources of your income, you will begin your journey towards financial freedom. What Is the Cashflow Quadrant?
|Cashflow Quadrant – The Turning Point||It was a diagram known as the Cash Flow Quadrant.|
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People in each quadrant have different core values and that is what separates them into different quadrants. E for Employee As an Employee, you have a Job.
This is the majority of the population. In this category, you trade your time for money, typically working 30 to 80 hours a week for a salary. For example, you could be a teacher, secretary, engineer, banker, pilot, nurse, doctor, lawyer or CEO of a company.
You can always tell who are the Employees by their core values and the words they use. As an Employee, you will pay the most in taxes and you must continue to trade time for money.
When you stop work, your salary also stops. A few years ago, I was working in a corporate job. I found satisfaction in my job and I have worked hard for years to climb the corporate ladder. My salary was good 5 figure USD a month ; but I was working 40, 50, 60 hours a week sometimes more with only a limited number of days off in a year.
Often times I found that I had little time and energy left by the end of the busy workweek.
Real estate agents, insurance agents, doctors, lawyers, consultants and accountants with their own practice, photographers and graphic designers with their own studios and small business owners belong to this category. In this category, you are still trading your time for money.
In most cases, you may work even longer hours than the Employees and you have no paid vacations.
When you stop working, your income drops or stops. You can always tell who are the Self-Employed by their core values and the words they use.
Most big businesses start off as Self-Employed; as they put in a System and a Team, they have a chance to grow to become big businesses. For Big Business owners, they are looking for good Systems, good Network, and the smartest people they know to help run their business.
They want to have a team of smart people run the company for them. As a Big Business owner, they have people work hard for them.
They pay the least in taxes and their business continue to generate a cash flow for them even when they sleep or vacation.
You can always tell who are the Big Business Owners by their core values and the words they use. In this Category, you can work hard for a few years and, once your System and Team are in place, you could potentially earn passive income that keeps flowing to you for the rest of your life.
When I started my business in YearI had to put in many hours of hard work and learn some new skills that were not required in my corporate job. I had to get out of my comfort zone and faced my own fears. Fortunately, my hard work paid off.
With a Proven System and a Committed Team, my business has now expanded internationally and is now generating a multiple 5 figure USD Residual Passive Income for me every month regardless I am working or not.
I now have time to spend with my children, travel the World click here for some of my cool adventuresgive back to the societyinspire and touch the lives of tens of thousands — I totally LOVE my new life!What Is the Cashflow Quadrant?
In the ‘Cashflow Quadrant’ according to Robert Kiyosaki, you will find the 4 ways to generate incomes. On the left, you will find Employee (E) and Self-Employed (S).
On the right, you will find Big Business Owner (B) and Investor (I). Cashflow Quadrant – Demystifying Rich Dad’s Cashflow Quadrant Cashflow Quadrant is a framework used in ‘Rich Dad Poor Dad’ book which will reveal the secrets to becoming financially secure. All of us aspire to be successful and financially free at some point in our life.
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RICH DAD'S CASHFLOW QUADRANT Rich Dad's Guide to Financial Freedom. Rich Dad’s CASHFLOW Quadrant is a guide to financial freedom. It’s the second book in the Rich Dad Series and reveals how some people work less, earn more, pay less in taxes, and learn to become financially free.
The Cash Flow Quadrant is an important diagram presented and explained by Robert Kiyosaki: "There was an important diagram my rich dad showed me when I was a little boy.
It was a diagram known as the Cash Flow Quadrant. Cashflow Quadrant. Left side of the Cashflow Quadrant: E’s and S’s. Employee –Desires job security, a steady paycheck, no financial risk, and the benefits provided by their jobs (retirement, insurance, time off, sick days, etc.).
Sense of entitlement is high with the employee and they trade hours for dollars.