by Kim Vermaak
When you have, you begin to realize just how much you actually need two working legs.
An injured knee may cause you to put pressure on another part of your body that was working in simple harmony before.
Well, that is one of the things that you will learn from the Cash Flow Quadrant by Robert T Kiyosaki.
When that source falls away or is under pressure, that is when we start to take the strain. I realized this when I had my third baby. When before I could bounce back quickly, at age 42, the physical recovery was harder.
That is when I wished that I had read this book earlier. I wished that I had an extra form of income that could improve my cash flow. In Robert Kiyosaki's book, he does not say that having a job is a bad thing. But he does encourage people to generate more than one stream of income, to improve their cash flow.
These are men who work for the government, get good benefits, but who buy run-down properties, renovate them and creates rental income. At the time of the writing, one owned 45 properties and while he earned $ 3 500.00 as a fireman, he was
earning $ 10 000 in rental income. With only 5 years before retirement, by the time he retires, his rental income would exceed his current income.
But he had to start with just one property.
1. They maintained a long-term vision'
2. They believed in delayed gratification.
3. They used the power of compounding in their favour.
Although this book is harder to read that some of the books that I have read before, it is one of those books that if the principals are applied, will make the biggest impact in your life.
Have you ever sprained an ankle or injured your foot or knee?
When you have, you begin to realize just how much you actually need two working legs.
An injured knee may cause you to put pressure on another part of your body that was working in simple harmony before.
Well, that is one of the things that you will learn from the Cash Flow Quadrant by Robert T Kiyosaki.
So many times in life you rely on just one source of income.
When that source falls away or is under pressure, that is when we start to take the strain. I realized this when I had my third baby. When before I could bounce back quickly, at age 42, the physical recovery was harder.
That is when I wished that I had read this book earlier. I wished that I had an extra form of income that could improve my cash flow. In Robert Kiyosaki's book, he does not say that having a job is a bad thing. But he does encourage people to generate more than one stream of income, to improve their cash flow.
I love his example of the Millionaire Firefighters.
These are men who work for the government, get good benefits, but who buy run-down properties, renovate them and creates rental income. At the time of the writing, one owned 45 properties and while he earned $ 3 500.00 as a fireman, he was
earning $ 10 000 in rental income. With only 5 years before retirement, by the time he retires, his rental income would exceed his current income.
But he had to start with just one property.
I enjoyed this book because it changed my thinking of cash flow patterns and how we do not have to be stuck in one way of doing things.
In a study mentioned in the book that shows how people who were born into poverty eventually become wealthy regardless of in which country they lived, possessed these three qualities.
1. They maintained a long-term vision'
2. They believed in delayed gratification.
3. They used the power of compounding in their favour.
Although this book is harder to read that some of the books that I have read before, it is one of those books that if the principals are applied, will make the biggest impact in your life.
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