Rich Dad, Poor Dad's Cashflow Quadrant, by Robert T Kiyosaki

Years ago, while working at Barnes and Noble, I had the pleasure of reading Rich Dad, Poor Dad, and it changed the way I felt about money. Like many people, I had no shortage of negative thoughts related to money: money was the root of all evil, money is only inherited (the ridiculous notion of the 1% these days), or even that rich people were somehow smarter than I could ever be. That book, with its easy to understand concepts and powerful belief system, helped change my negative relationship with money to one of big dreams and aspirations.

Today, years wiser, I read Cashflow Quadrant. Overall I liked it. Reads almost exactly the same as the original. I did have one gripe, though. While Kiyosaki repeatedly says that it is possible to minimize and sometimes even eliminate risk (and even has many examples of when he did in his own life), he never really gets into the details of how. But to his credit, he does leave me with another important lesson. Like every financial author, Robert peppered the phrase (or something similar) "if you know the game." Financial education, a business plan, mentors, risk management, even sleepless nights. All are almost requirements in the pursuit of financial freedom, and all require a massive level of commitment. 

Commitment is key. Commitment in a relationship leads to long lasting happiness and love. Commitment to a job leads to promotion and a great career. Commitment to a faith leads to a life of spiritual fulfillment. Commitment to diet and exercise leads to a life of health and an abundance of energy. And a commitment to the pursuit of financial education is a path that leads to freedom from financial stress, and a massive opportunity to give. Be committed to success in any area you so desire. 

 

To find out more about the Rich Dad philosophy, check out this link:

http://www.richdad.com/Home.aspx