Richdads-CASHFLOW-Quadrant-

CASHFLOW Quadrant
Find Someone Who’s Been There
Choose your mentors wisely. Be careful from whom you take advice.
If you want to go somewhere, it is best to find someone who has already
taken the journey.
For example, if you decide to climb Mount Everest next year,
obviously you would seek advice from someone who had climbed
the mountain before. However, when it comes to climbing financial
mountains, most people get advice from people who are stuck in
financial swamps.
It is hard to find mentors who are B’s and I’s. Most people giving
advice about those quadrants and about money are people who actually
come from the E and S quadrants.
Rich dad encouraged me to always have a coach or mentor. He
constantly said, “Professionals have coaches. Amateurs do not.”
For example, I play golf and I take lessons, but I do not have a fulltime
golf coach. This is probably why I pay money to play golf instead
of getting paid to play. But when it comes to the game of business and
investing, I do have coaches, several of them. Why? Because I get paid to
play those games.
So choose your teachers and mentors wisely. It is one of the most
important things you can do.
Take Action
1. Seek mentors.
Find individuals in both the investment and business arenas who
might act as mentors to you.
A. Seek out role models. Learn from them.
B. Seek out reverse role models. Learn from them.
2. Who you spend your time with is your future. Write down
the six people you spend the most time with.
Remember that the qualifier is who you spend the most time
with, not the nature of your relationship. (All of your children
count as one person.) Don’t read any further until you have
written down your six names.
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