Rich Dad Poor Dad Robert Kiyosaki Endorses Multi Level Marketing
Robert Kiyosaki often refers to The CASHFLOW Quadrant, a conceptual tool which he developed to categorize the four major ways income is earned. Depicted in a diagram, this concept entails four groupings, split with two crossed lines (one vertical and one horizontal). In each of the four groups there is a letter representing a way in which an individual may earn income. The letters are as follows.
E: Employee — Working for someone else.
S: Self-employed or Small business owner — Where a person owns his own job and is his own boss.
B: Business owner — A person who owns a business to make money; typically where the owner’s physical presence is not required.
I: Investor — Investing money in order to receive a larger income in the future.
For those on the left side of the divide (E and S), Robert Kiyosaki says that they may never obtain true wealth. Conversely, those on the right side of the divide (B and I) are supposedly following the only road to true wealth.
Robert Kiyosaki also classifies the four main “asset” classes as means of gaining wealth.:
Businesses: Businesses that generate monthly cash flow that don’t require the owners physical presence.
Real Estate: Real estate such as owning warehouses, small family homes, or apartment houses that generate monthly cash flow.
Paper Assets: Investments such as stocks, bonds, hedge funds etc.
Commodities: Gold, silver, iron ore, or copper that are used to hedge government’s mismanagement printing of the nations currency.
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