Friday, September 28, 2007

Life of a Youthepreneur part 4 : Cashflow

After i knowing what is my reason to be successful in this lifetime, the second book i read my rich dad and poor dad cashflow . A great book showing people how the money is run in the world.

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E- employee often will respond to the fear of not having enough $ by seeking security Their bosses control their pay and working hours. Their pay was taxed. Downsizing. Retrenchment. Pay Cut. These subjected them to great vulnerabilities


S- Self -employed responds to the fear by taking control of the situation and by doing things on their own. They are hesitant to hire and train other people because once trained they often end up as their competition. This, in turn keeps them working harder and doing things on their own. Once they stop work, they stop earning. If their business slow down, they have to work harder to get it going. If their business progress quickly, they also have to work even harder to deal with greater customer demands. Successful S pple are often rich with no time


B- Business owner like to be surrounded by smart people from all 4 categories. They like to delegate as their attitude is “ why do yourself when you can hire someone to do it for you, and they can do it better? They own a system not a job. If they stop working the money still come in. Successsful B has a system and the the ability to lead people. You can make a better burger than macdonald but you cant sell as well as them because you don’t their successful system to serve billions of burgers worldwide! Remember that B don’t need $ to make $. They use their system and people to make passive $


I- investors make $ work for them to earn more$.


E works in a system

S is the system

B owns, create the system

I invests in a system


Your BOSS can’t make u rich

Though your boss make sure u get ur paycheck. It is ur job to become rich-meaning u have the time & $ to spend with ur kids, ur loved ones and with yourself..FREEDOM! Job begins the moment you receive your paycheck. If you have poor $ management, all the $ in the world can’t save u.


If you wanna be B/I, beware of the way you are earning ur $. $ is an addiction! If you are addicted to $, it’s hard to break the addiction. Once you get used to receiving $, that addiction keeps you attached to the way you got it. In other words, if u are earning as an E/S, it is often difficult to break the attachment to earning $ in that way. This is the hardest part abt moving fr E/S to B/I.- breaking a habit or rather an addiction!


The only difference btw the rich and the poor is what they do in their spare time.

If you work hard on the left quadrant-E-S, you will work hard forever. If you work hard on the right side –B-I, you will have a chance finding freedom!


If you r finding freedom, be aware of what you think, do and behave

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