Have just been reading this book of rich dad poor dad and come across the Cashflow Quadrant which explains why the Rich Get Richer
In his book he wrote about is financial experience with his really father (poor Dad) and his best friend's father (rich Dad)
It explains the various career paths and clearly.
Cashflow Quadrants
E – Employee
Most individuals only live in this area. You work for a company and trade your time for money. If you want to earn more money, you must work more hours. Another option is work for another company that pays better. With this position in the quadrant there is no passive income. If you don’t work, you don’t make any money.
S – Self Employed
This is one step better than an employee, but in reality you still are trading time for money. You own your own business, but in reality the business owns you. The positive benefit you have more personal and financial freedom than an employee.
B – Business Owner
A business implies you have a system in place. You have others working for you as employees. You aren’t selling your time for money, but rather selling a product or service. In other words, you don’t have to be working for the business to generate income.
I – Investor
This is where you truly have passive income. Investments like stocks, bonds, and real estate generate an annual cashflow. system structure. After reading many financial books over the years, I don’t accept anything discussed as gospel. I take in the good ideas, see what works, and throw away the bad ones. If you were to take in only one of his ideas, this would be it. Love or hate Robert, his Cashflow Quadrant makes sense. It explains perfectly the way our tax system has been setup and how various professionals view the world.
E Employee (E) – Otherwise known as a job
Self-Employed (S) – Small business owners or self employed (Doctors, and lawyers)
Business Owner (B) – Big businesses (500 and more employees). Businesses that are selling products and predefined services.
Investor (I)
I was like steemit belongs to what category.
Will the poor become poor and the rich become rich.
I think this is investment, business and self employment. It's investment becouse one needs to have steem power in order have more money.
And business becouse one come begin from zore to something and can use other people money to make money.
And self employment becouse if you are not around your account is not working.
The poor will become people becouse bthe rich do cure about you if you don't have steem power.
Until poor do something out of the ordinary but you will remain poor.
its true but the steemit platform was awsome i like it very much who work hard in this social media thy get there income it was the only platform by which we enjoy each and every post i love it...
This is not just a social media this is biz
Very nice article @battebilly. Poverty is a mindset and getting rich is also a mind set. The rich make it there because of their positive mindset and above all their right attitude of willingness to risk and to pay the price to there.
Thannks!
We have to fight and become rich
I think the rich understand that the bots on Stermit behave as assets that put money in their pocket. The poor are those eho work hard for votes and spend heir Steem on things like alcohol.
The rich do not just understand the bot, the owen the bots.
Absolutely @battebilly..
I choose to think about being rich and aim for my goals without diverting from them
I have really loved this analysis.
We must shift from the state of being employees here on steemit, first to employers and also find a way of being investors.