The book extends the lessons from 'Rich Dad Poor Dad', focusing on the Cashflow Quadrant which categorizes people into employees, self-employed, business owners, and investors. It emphasizes the importance of moving from the left side (employee/self-employed) to the right side (business owner/investor) for financial freedom. The book is highly recommended for those interested in creating passive income and owning their own company.
This book is an extension of the principles introduced in 'Rich Dad Poor Dad', delving deeper into the Cashflow Quadrant concept. The quadrant divides people into four categories: employees, self-employed, business owners, and investors. The author emphasizes the differences between the left side (employee/self-employed) and the right side (business owner/investor) of the quadrant, highlighting the benefits of moving towards the right side for achieving financial freedom. The book is praised for its practical advice on creating passive income and building systems that can run independently. It is recommended for those interested in financial independence and entrepreneurship. The author's personal journey from living in his car to financial freedom is also highlighted as an inspiring example.
Quick quotes
Financial freedom is a vastly different from financial security.
The left side of the quadrant works the hardest, and is obsessed with going to school to find a job and maintain their "security.
This book is a learning tool for those of us interested in moving from the left side to the right side of the quadrant.