Richdads-CASHFLOW-Quadrant-

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Chapter Fifteen STEP 5: SEEK MENTORS A mentor is someone who tells you what is important and what is not important. Who guides you to places you have never been to before? A mentor is someone who tells you what is important and what is not important. Mentors Tell Us What Is Important The following financial statement from the <strong>CASHFLOW</strong> board game was created to be a mentor. It trains people to think like my rich dad thought and points out what he considered to be financially important. My highly educated, but poor, dad thought that a job with a high salary was important and that buying your dream home was important. He also believed in paying bills first and living below your means. My rich dad taught me to focus on passive income and spend my time acquiring assets that provide passive or long-term residual income. He did not believe in living below your means. To his son and me, he often said, “Instead of living below your means, focus on expanding your means.” To do that, he recommended that we focus on building the asset column and increasing our passive income from capital gains, dividends, residual income from businesses, rental income from real estate, and royalties. Both dads served as strong mentors for me as I grew up. The fact that I chose to follow the financial advice of my rich dad did not lessen the impact that my poor dad had on me. I would not be who I am today without the strong influence of both of these men. 259
Chapter Fifteen Salary Poor dad thought the salary area of a financial statement was important. Passive Income Rich dad taught me that Interest/Dividends and Real Estate/Business areas are important if you want to be rich. Reverse Role Models Just as there are mentors who are excellent role models, there are people who are bad role models. In most instances, we all have both types in our lives. For example, I have a friend who has made more than $800 million in his lifetime, but today he’s bankrupt. I have had other friends ask me why I continue to spend time with him. The answer to that question is because he is both an excellent role model and an excellent reverse role model. I can learn from both role models. One teaches me what to do, while the other serves as an example of what not to do. 260
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Rich Dad's Cashflow quadrant Guide
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Other Best-selling Books by Robert
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Editor’s Note The Times They Are
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Contents INTRODUCTION Which Quadran
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Preface The answer is found in the
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Preface A Different Education In 19
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Preface In the seminar, I went into
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Preface Why Is a Path Important? We
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Preface • “Why is money so impo
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Preface When criticized for making
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Preface My sister is a Buddhist nun
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Introduction Each of us resides in
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Introduction Rich Dad’s Advice My
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Introduction and began hauling four
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Part One THE CASHFLOW QUADRANT
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Chapter One But because job securit
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Chapter One From Which Quadrant Do
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Chapter One Not All Quadrants Are E
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Chapter One Choosing Quadrants One
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Chapter One “Why?” I asked agai
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Chapter One One quadrant is not bet
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Chapter Two “Can you tell me the
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Chapter Two S-Quadrant Words A pers
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Chapter Two Employees can be presid
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Chapter Two Many S types are hesita
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Chapter Two Entrepreneurial Develop
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Chapter Two The Difference Between
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Chapter Two See the Other Side If p
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Chapter Two The remainder of this b
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Chapter Two INCOME STATEMENT Income
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Chapter Two Red-Line Finances In th
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Chapter Two us want to be investors
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Chapter Two The difference between
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Chapter Two Information-Age Pension
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Chapter Two escape will escape to c
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Chapter Two When Kim and I were esc
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Chapter Two Take a Risk People who
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Chapter Three WHY PEOPLE CHOOSE SEC
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CASHFLOW Quadrant I often meet youn
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CASHFLOW Quadrant My educated dad d
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CASHFLOW Quadrant About four and a
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CASHFLOW Quadrant Personally, I cri
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CASHFLOW Quadrant There are two oth
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CASHFLOW Quadrant Most People Focus
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CASHFLOW Quadrant How to Get Free D
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CASHFLOW Quadrant “How did you ma
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CASHFLOW Quadrant One buys old hous
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CASHFLOW Quadrant A Choice of Paths
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CASHFLOW Quadrant I’s Invest in B
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Chapter Four THE THREE KINDS OF BUS
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CASHFLOW Quadrant “I’ll build i
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CASHFLOW Quadrant There are three w
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CASHFLOW Quadrant Most of the time
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CASHFLOW Quadrant business, they ha
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CASHFLOW Quadrant One of the reason
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CASHFLOW Quadrant Today, primarily
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Chapter Five more important than le
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Chapter Five have their money autom
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Chapter Five I am not saying 401(k)
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Chapter Five higher taxes and more
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Chapter Five Remember that savers,
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Chapter Five As more people realize
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Chapter Five The reason a business
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Chapter Five In 1973, my rich dad s
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Chapter Five Remember that the bond
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Chapter Five your investment of 10
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Chapter Five I quadrant than she co
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Chapter Six YOU CANNOT SEE MONEY WI
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CASHFLOW Quadrant do you know what
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CASHFLOW Quadrant Rich dad taught m
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CASHFLOW Quadrant The doctor is spe
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CASHFLOW Quadrant They’re Not Lyi
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CASHFLOW Quadrant But the main reas
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CASHFLOW Quadrant your house, you
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Assets Liabilities Your savings CAS
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CASHFLOW Quadrant flowing, you’ll
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CASHFLOW Quadrant key element of mo
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CASHFLOW Quadrant I was shaking a l
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CASHFLOW Quadrant • “Your house
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CASHFLOW Quadrant Rich dad went on
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CASHFLOW Quadrant Someone Else’s
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Part Two BRINGING OUT THE BEST IN Y
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Chapter Seven When I called him fro
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Chapter Seven Find Your Passion “
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Chapter Seven A Gift from My Educat
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Chapter Seven of a lack of heart or
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Chapter Seven We focused on teachin
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Chapter Seven Professional investor
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Chapter Seven will improve and you
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Chapter Eight HOW DO I GET RICH? If
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CASHFLOW Quadrant When someone asks
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CASHFLOW Quadrant I was nodding my
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CASHFLOW Quadrant making mistakes a
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CASHFLOW Quadrant There are times w
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CASHFLOW Quadrant usually speaks in
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CASHFLOW Quadrant Differences betwe
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CASHFLOW Quadrant More Than a Menta
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CASHFLOW Quadrant The problem was t
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CASHFLOW Quadrant Winners Cut Their
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CASHFLOW Quadrant an emotional thou
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Chapter Nine the amount of their mo
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Chapter Nine 3. They lacked a cash
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Chapter Nine playing this one big g
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Chapter Nine While Heilbroner’s b
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Chapter Nine I then advertise that
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Chapter Nine There are several inte
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Chapter Nine owners and employees,
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Chapter Nine This is what the trans
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Chapter Nine It Is Simple and Easy
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Chapter Nine Add to this the eclips
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Page 239 and 240: Chapter Nine There Are Two Kinds of
Page 241 and 242: Chapter Nine The 1986 Tax Reform Ac
Page 244: Part Three HOW TO BECOME A SUCCESSF
Page 247 and 248: Chapter Ten How Do You Eat an Eleph
Page 249 and 250: Chapter Ten The study also found wh
Page 251 and 252: Chapter Ten their statements, it is
Page 253 and 254: Chapter Ten Three Cash-Flow Pattern
Page 255 and 256: Chapter Ten trouble, even though th
Page 257 and 258: Chapter Ten How Do You Start Thinki
Page 259 and 260: Chapter Ten He had reeducated himse
Page 262 and 263: Chapter Eleven STEP 1: IT'S TIME TO
Page 264 and 265: CASHFLOW Quadrant Take Action For m
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Page 269 and 270: Chapter Twelve Who Is Smarter—You
Page 271 and 272: Chapter Twelve The Financial Fast T
Page 273 and 274: Chapter Twelve B. Focus on reducing
Page 276 and 277: Chapter Thirteen STEP 3: KNOW THE D
Page 278 and 279: CASHFLOW Quadrant Financial Literac
Page 280 and 281: Chapter Fourteen STEP 4: DECIDE WHA
Page 282 and 283: CASHFLOW Quadrant who are good at s
Page 284 and 285: CASHFLOW Quadrant I know it’s unf
Page 286 and 287: CASHFLOW Quadrant Take Action 1. Ge
Page 290 and 291: CASHFLOW Quadrant Spiritual Role Mo
Page 292 and 293: CASHFLOW Quadrant Find Someone Who
Page 294 and 295: CASHFLOW Quadrant A person can have
Page 296: CASHFLOW Quadrant If the initials a
Page 299 and 300: Chapter Sixteen afraid they might m
Page 301 and 302: Chapter Sixteen The point is that w
Page 304 and 305: Chapter Seventeen STEP 7: THE POWER
Page 306 and 307: CASHFLOW Quadrant Thoughts Are Refl
Page 308 and 309: CASHFLOW Quadrant My Best Advice Fo
Page 310 and 311: Chapter Eighteen IN SUMMARY Begin b
Page 312 and 313: About the Author Robert Kiyosaki Be
Page 314 and 315: Question: WHAT IS AN ENTREPRENEUR
Page 316 and 317: It’s Rising Time! for Women Every
Page 318 and 319: Get Connected to the Rich Dad and R
Page 320 and 321: Become the Ultimate Investor Invest
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