You are currently browsing the tag archive for the ‘Rich’ tag.

Rich Dad’s Cashflow Quadrant
By Robert T. Kiyosaki

Out of the 3 Rich Dad books I have read, this is the far worst boring book that does not really motivates me to read on. It seems more like Robert T. Kiyosaki bibliography then what is expected. Nevertheless, still manage to get some knowledge out of the book.

Base on the B-I triangle one could priorities the elements to look out for an investment. You will really the product the company is selling will be the least priority.

  1. Mission
  2. Team
  3. Leadership
  4. Cash Flow Management
  5. Communication
  6. Systems
  7. Legal
  8. Product

Advertisements

Rich Dad’s Cashflow Quadrant
By Robert T. Kiyosaki

Rich Dad’s Guide to Financial Freedom is to take small baby steps.

Step 1: Mind Your Own Business
Access your own financial statements. Identify your Income, expense, assets and liability. Ask yourself what you want to achieve in the next 5 years.

Step 2: Take Control of Your Cash Flow
Pay yourself and save for investment. Reduce debts and expenses to be able to invest more.

Step 3: Know the Difference between Risk and Risky
Identify your risk in terms of investing and not knowing how to invest. Increasing your financial intelligence by reading newspaper, magazines, books and watching news.

Step 4: Decide What Kind of Investor You Want To Be
Continue to increase your Financial Intelligence by reading newspaper, magazines, books and watching news. Talk to people of expertise in investment and learnt from them.

Step 5: Seek Mentors
Knowing and talking to people who have succeed and failed to learn from their success and failures.

Step 6: Make Disappointment Your Strength
Know your weakness and never afraid to fail. It is only when u fail that you will learn the most. Make Mistakes, Start Small, Take Action!

Step 7: The Power of Faith
Believe in Yourself and Take Action!

Rich Dad Poor DadRich Dad Poor Dad
by Robert T. Kiyosaki

This is the first book I bought that taught me about wealth management. Bought and read this book back in 2004. It has been 5 years since I pick up another trading & investment related book. I always thought that I don’t like to read till I started to read such genre of books that strike my interest in reading. Nevertheless, this book have give me a great insight of the important of wealth management and investing. However, I did not continue to buy his later published books as I find it more of a “brain-washing” book rather then teaching practical stuff. It is only till this year, when I started to really get into trading and investment, I decided to buy my 2nd book. Ironically, it is on Phycology Trading which I find it the most important factor when one is trading or investing. I would want to get my mind set right before studying the practicality of Trading & Investment.

2014 New Year Resolutions

"Enjoy what you love doing and makes a living out of it."

Personal Developement

- Learn to Sell

Travel Wishlist

- USA
- Sipadan, Sabah
- Bangkok, Thailand

Categories

Archives

Blog Stats

  • 24,843 hits