Kiyosaki's Cashflow Quadrant - Which Quadrant are you?
- Thread starter Lou300
- Start date
Hi,
I started in the E quadrant, have moved to 'S' quadrant (there is not much difference yet, still on similar wages a bit high as compared to E quadrant)
I am thinking of being in 'S' quadrant but at the same time have couple of side businesses which brings in income to pay for bills, petrol and spare change (scratching my head to think of sustainable side businesses)
My IP's are negatively geared and havent done well in the I section (after coming to his forum, have started realising importance of cashflow positive , till date it was an alien concept)
Would like to hear thoughts of other ppl as to where they stand.
I started in the E quadrant, have moved to 'S' quadrant (there is not much difference yet, still on similar wages a bit high as compared to E quadrant)
I am thinking of being in 'S' quadrant but at the same time have couple of side businesses which brings in income to pay for bills, petrol and spare change (scratching my head to think of sustainable side businesses)
My IP's are negatively geared and havent done well in the I section (after coming to his forum, have started realising importance of cashflow positive , till date it was an alien concept)
Would like to hear thoughts of other ppl as to where they stand.
AKA the 19th hole?!
in light of the recently closed "star trek" thread... the Delta quadrant perhaps?
Last year, I stayed at a giant hotel in the US south, who's name escapes me. It was enormous and all under cover, with the different sections of the hotel given names, and I was staying in "Delta". I texted my husband, who is a trekkie, to say I was staying in the Delta quadrant. He texted back to say "watch for Borgs". I went to the trade display and almost immediately ran into a fellow from Sydney who's last name is Borg. You probably had to be there, but it amused me!!
Last year, I stayed at a giant hotel in the US south, who's name escapes me. It was enormous and all under cover, with the different sections of the hotel given names, and I was staying in "Delta". I texted my husband, who is a trekkie, to say I was staying in the Delta quadrant. He texted back to say "watch for Borgs". I went to the trade display and almost immediately ran into a fellow from Sydney who's last name is Borg. You probably had to be there, but it amused me!!
I'm so happy reading this post. Why? I remember reading Kiyosaki's Cashflow Quadrant and something really deep within me clicking. At the time, it was hard to really talk to any of my friends or family as many of them are truly "E" / employee, and I've been taught from my own young age to think that way too.
It was such an epiphany for me. After reading it, I decided that I wasn't happy to be an E, and that I should make it my goal to progress through the levels. I am no longer an employee. I became self-employed, started my own business with my partner, so I suppose I'm more of an S.
As of late, however, I have been moving towards systemizing mroe and more of by business so I can move to the B side of things. I also have my property investments which gives me the whole "I" mix to things. My long term goal truly is to only be an "I"/investor day to day, with fun, passionate activities on the side.
Great response M! I had a similar epiphany too reading the Cashflow Quadrant. I think it made even more sense to me than RDPD. Its good to see a real life example of someone working their way through the quadrants. Im still an E and really dont know enough about S's to really make one work, but im pouring all my available $ from the E quadrant into the I quadrant - a slower process than what Kiyosaki recommends, but hopefully Ill still get there.
Great thread... I think another incentive for people going into small businesses is the job security/flexibility factor... RDPD's advice of owning passive income business where you don't need to work and throwing money into investments is all well and good. Learning from your mistakes is also a great mindset to adapt, but capital to continue on this journey I believe is where most people tend to fail right?
Take for example going to the casino, I put $50 on red, if I lose, I put $100 on it... there will be a game where I make my money back but you will eventually run out of money to keep doubling up in order to reach your goal. It's a constant game of snakes and ladders.
Take for example going to the casino, I put $50 on red, if I lose, I put $100 on it... there will be a game where I make my money back but you will eventually run out of money to keep doubling up in order to reach your goal. It's a constant game of snakes and ladders.
Is investment income net after expenses?
I wish! No, both are gross. Otherwise it would only be 15-20%.
Might make a thread for this to see what split others have.
