cashflow quadrant summary podcast listen everyday

Robert Kiyosaki argues that to generate wealth, what kind of income you generate is more important than how much income you generate, or what kind of work you do. Kiyosaki uses the stories of his now-famous “Rich Dad” (his friend’s father) and “Poor Dad” (his own father) to illustrate how different income types lead to different results.
He divides income into four categories, which he calls “cashflow quadrants”:
Employees (E)
The self-employed and small business owners (S)
Big business owners (B)
Investors (I)
According to Kiyosaki, the first two income categories, employees (E) and the self-employed and small business owners (S), are usually dead-ends on the road to wealth. The other two categories, big business owners (B) and investors (I), are the most conducive to accumulating wealth because those are the categories in which you can develop income-generating assets. Rich Dad’s Cashflow Quadrant is about moving from the E and S categories to the B and I categories, or at least adding I income to existing E or S income.
We’ll dive into the four income categories in Parts 2 and 3, but first you need to understand that wealth is about more than just money. In this section, we’ll explain why Kiyosaki says more wealth equals more freedom, why you don’t need to strive for billions to take advantage of the income generation strategies of the B and I categories, and why you shouldn’t feel guilty about wanting wealth.
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