Thus, why my poor dad loved working for the State of Hawaii. For them, education is about learning the skills needed to get a steady, high-paying job with great benefits. To him, there was nothing riskier than that.īecause employees shy away from risk, they don’t see the need to learn about money or how it works. That is why he could not understand why I would want to be a business owner and investor. My poor dad was an employee his entire life and he craved nothing more than security. E is for employeeĪt the end of the day, the most important thing for employees is security. They pay the most in taxes and trade their time for money. On the left side of the quadrant are Es and Ss. The CASHFLOW Quadrant is divided into four types of people, two in each category.
My hope is that for others, it will be the beginning of changing your mindset about money. In order to understand my rich and my poor dad’s different reactions, you need to understand that there are two categories of people in the world, those who see the world through the left side of Rich Dad’s CASHFLOW Quadrant and those who see it through the right side.įor years, I’ve taught on the CASHFLOW Quadrant. He had no category for turning down a steady, high-paying job in order to start your own business and invest. For him, a good job was the most important thing you could attain. Once I could sell, I quit that job, started my own company, and started investing.
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So, I took a job at Xerox to learn how to sell. Rich dad was thrilled that I wanted to pursue this path and told me I needed to learn how to sell.
I wanted to be an entrepreneur and investor like him. After talking with my rich dad, my best friend’s father who was a successful business owner and investor, I knew I didn’t want to be an employee my whole life. Again, my poor dad was proud.Īnd again, I went my own way. After my time in the war, I had the opportunity to become a commercial pilot or again to work for the shipping industry. Instead of listening to my poor dad, I joined the Navy and went to Vietnam.
To him there was no better path to security and success than a good job. My poor dad, my natural father, who spent his whole life as an employee in the educational system of Hawaii, was proud and encouraged me to do it. In the 1970s, that was a lot of money-and a lot of freetime! Merchant Marine Academy in Kings Point, NY, I had offers to work in the shipping industry making more than $70k working only six months or so a year. You can keep your boardrooms, private jets and oilfields, thank you.When I graduated from the prestigious U.S.
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For me, I just want to be financially free to live a simple life. It might suit ambitious, ruthless, executive types whose only ambition in life is to earn a lot of money for money's sake without a care as to who or what it hurts, or the environmental consequences. Most of the assumptions about income, tax, benefits, political situation. I'm going to stop now, it's wasting my time - I've work to do! Part of the problem I have with the book is that it's primarily geared towards Americans. The author thinks that to be self-employed is worthless and somewhat pathetic, unless you have a business employing at least 500 people. It might or might not be possible to reach such 'heights'. I have never aspired to that level of wheeler-dealing, and I would rather die than be that kind of person. But after listening to this book I realise I honestly, truly do not want to be 'rich', in the sense the author means. Yes, I would like to be more financially secure. The world described in this book - a world the author believes everyone should aspire to - is not a world I wish to live in.
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