Based on the Rich
Dad's Cashflow Quadrant by
Robert Kiyosaki, which is highly recommended for your personal library, there are four
ways you earn income: As an Employee, being Self-employed,
as a Business owner, and as an Investor.These four ways to earn income make up the Cashflow
Quadrant - ESBI. Learn more about these quadrants with the Rich Dad Series.
On the left hand side of the Cashflow
Quadrant is where 80% of us earn income, as Employees and/or Self-employeds. On the
right is where 20% of us earn income, as Business owners and/or Investors on the right.
And for some they combine all of these ways to earn income. For many of the
80%, they would like to be where the other 20% are, they just don't know how to get there,
they think it's some scary, abstract, difficult thing and our goal is to assist you in
building your confidence that you may transition over if that is of interest.
As an employee, we find there is a range of
income for any given position and once you reach that peak there is not too much more you
can do. Therefore, the challenge is that your employer determines the house you live
in, the cars you drive, and the vacations you take. That is the challenge of being
an employee.
For some, they decide they don't want to
work for someone their whole life, so they become self-employed and own their job.
You may know others who have done this. You can increase your income and you can do
alright. There are some challenges to being self-employed, though. That is, if
you are really good, everyone wants to see you and you may not have much of a life.
And if you want to take a month off, when you do there is no income coming in. That
is the challenge of being self-employed.
There's a third way to earn income, and
this is the key, where you own a business and have a system and have others working for
you. A great example of this is McDonald's, the #1 restaurant chain in the world,
and whether you go close to home or another state, you see the french fry and shake
machines in the same place. The system is so good they have kids running the stores!
Of course, as the owner, you do not earn an hourly wage or annual salary, instead,
you earn profits. And if you create a profitable store in one location, why not
create another one, and another one...
The fourth way to earn income is as an
investor where you have your money working for you even when you are not working and you
can enjoy the freedom and have some real choices in life.
The 20% have found ways to leverage their
time and efforts. Their income can grow whether they are there or not. On the
left hand side, the 80%, are trading time for dollars and you need some rest and so, there
is a limit to how much you can earn.
As you design your life, develop your
purpose, have a strong vision of where you are going and who you are becoming and take
daily actions that move you in this direction.
You may not be in your ideal situation,
yet, however, start where you are and begin your journey. Be and do your best in all
that you do, knowing where you are headed and you will find opportunities opening up to
you.
Like a mastermind alliance, as described in
Think and Grow
Rich by Napoleon Hill, it is our honor to work with you and do our best to help you in
your life fulfilling journey.
We believe in you,
The staff of Your Personal Finance
Website

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If You're Not Out Selling, You're Being Outsold
 
The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do about It
 
Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth
Bill Bacharach Value-Based Series:
 
Values-Based Selling: The Art of Building High-Trust Client Relationships for Financial
Advisors, Insurance Agents and Investment Reps
High-Trust Leadership: A Proven System for Developing an Organization of
High-Performance...
Values-Based Financial Planning: The Art of Creating an Inspiring Financial
Strategy

Lions Don't Need to Roar: Using the Leadership Power of Personal Presence to Stand out,
Fit in and Move Ahead, Vol. 1

The Wisdom of Teams: Creating the
High-Performance Organization
"This book offers valuable advice in the fine art of building teams for high
performance results...The authors provide real and disguised examples...along with
specific recommendations...and offer useful ideas for balancing work responsibilities,
executive egos, communications, and skills."
 
On Becoming a Leader
"Management expert Warren Bennis shows how individuals develop leadership traits and
how organizations encourage or stifle potential leaders. Bennis profiles dynamic figures
from diverse business arenas -- Fortune 500 companies, the entertainment industry and
political and nonprofit groups -- to demonstrate how all leaders share distinctive
characteristics. This provocative examination will encourage all aspiring leaders to take
risks, embrace change and transform their visions into reality."
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or book covers above to order these books for your own library.
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