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The lessons from the Cashflow Quadrant can be applied in today's business environment by understanding the four different ways people make money - Employee (E), Self-employed (S), Business owner (B), and Investor (I). To apply these lessons, one should aim to move from the E or S quadrants to the B or I quadrants. This involves transitioning from trading time for money to creating systems (a business or investments) that generate income. It's about leveraging resources and people to create wealth and financial freedom.
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Growing up, Kiyosaki's well-educated father recommended he aim for the E or S quadrants. But his father, who spent his life in these quadrants, was always relatively poor. On the other hand, Kiyosaki's best friend had a father who was a high school dropout but made it into the B and I quadrants and was wealthy. It was this "rich dad" who explained the Cashflow Quadrant.
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Discover a new approach to wealth management and start with small steps that can eventually lead to substantial assets. Robert Kiyosaki, author of the...
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