If you're unfamiliar with Robert Kiyosaki, he is the author of two great financial literacy books: Rich Dad, Poor Dad and Cashflow Quadrant.
Let's talk about his philosophies and how you can utilize them.
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The Quadrants
The E Quadrant:
The majority of us start here, in the employee quadrant.
We exchange our time for hours paid, and we work under someone providing them skills and/or labor. Our hours, days worked, and tasks are generally set and established for us.
The S Quadrant:
Moving into the S quadrant comes with it's own set of perks, such as flexibility. You can set you own schedule, work longer or shorter days, and set your own structure.
On the other hand, you have be motivated and disciplined enough to be there on time. To complete orders when promised. If you don't, then your pay is diminished.
The B Quadrant:
In the B quadrant, you may have bought into a franchise, like McDonalds. By doing this, you get to follow their systems and procedures of how to run the business in the best way.
One of the benefits of this is considering you may own a business that able to be open 24-hours a day, letting you generate revenue at all hours.
The I Quadrant:
This is where your money makes money for you. Whether you are investing in real estate or the stock market, you're buying income producing assets.
While things can happen to shut down your business, investing has some solid options even when the stock market isn't doing the best.
Comparing Kiyosaki to Ramsey
Kiyosaki recommends getting to investing as soon as you can. Ramsey focuses on paying off debt first, then getting into investing.
Each philosophy has their own pros and cons, but ultimately, you want to make the best decision for your personal finances.