Great review... Thank you!
Just some additional thoughts i learnt from one of his other books;
- wealth is the product of man's capacity to think
- there's a huge difference between financial freedom and financial security...the former allows you to be in charge (“The rich don't work for money.")
"I rather work hard to build an asset than work hard for a job" Robert Kiyosaki
- he stressed on the importance of building assets. "build assets rather than income"
something i also found interesting is the definition of the types of assets...prior to reading this book, assets to me was just something that you have that will gain you some more money in the future. The example of owning a piece of land was the eye opener, because once you sell the land it's ownership changes therefore making it a one-time income!!!
The assets include;
*Personal development,
*circle of friends who share your dreams and values
*the power of your own network. e.t.c.
This leads to the financial intelligence (financial literacy)
financial literacy is the tool needed to transform your 'salary' into a residual income, so you can create financial freedom and time freedom
ONLY YOUR INVESTMENT can keep you going even after all the onions, amnesty, traveling, active salaries have left you drenched.
Excerpts from _"The Business of the 21st Century" by Robert Kiyosaki"
Thank you for sharing these! Robert Kiyosaki already has a number of books available on the web. As an added example from him, his books work as his assets because they generate income as well.
Yes...exactly. The 'I-quadrant' mentality!
cheers.