The Path To Financial Freedom - A Summary of Cash Flow Quadrant by Robert Kiyosaki

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The Path To Financial Freedom - A Summary of
Cash Flow Quadrantby Robert Kiyosaki
E-mail info_at_scythian.biz Website
www.scythian.biz
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The World Is Awash With Money

• Every day 1.4 trillion criss-cross the globe
  looking for a home
• That is 1,400,000,000,000 !!!
• There is a ton of money waiting for excellent
  opportunities
• If a country, a corporation or an individual
  knows how to take care of money, money will
  continue to flow to it

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The Debt Trap

• The Bank Your house is an asset
• But, an asset on whose balance sheet? Theirs of
  course!
• An ASSET puts money in your pocket
• A LIABILITY takes money out of your pocket
• The name of the game of capitalism is Who is
  indebted to whom?
• The more people you are indebted to, the poorer
  you are. The more people you have indebted to
  you, the wealthier you are.
• The average American gets a credit card
  immediately after school and will be in debt
  until death
• We are all indebted to someone else. The problem
  occurs when the debt gets out of balance.

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Be the Bank, not the Banker

• Be careful of moneys addictive power. Once you
  get used to receiving it, that addiction keeps
  you attached to the way you got it
• Most people struggle financially because they
  spend their lives using opinions rather than
  facts when making financial decisions
• Expenses always rise to meet income.
• It is not about how much money you make, but how
  much you keep and how long that money works for
  you

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Discipline Gets You Out Of the Debt Trap

• Of your income, remember, the first 10 is yours
  to keep
• That is, keep it aside and dont touch it
• With the remainder pay your normal expenses
• You will quickly be forced to cut some expenses,
  but will get used to it
• With the extra money do the following
• Decide to run all your expenses on one credit
  card
• Never spend more on the card than what you can
  pay in that month
• Pay the minimum payment every month plus pay your
  10 into that single credit card each month
• Keep paying until the card is paid off
• Then start the process with the next card and
  then the next debt
• Most people can be debt-free within 5-7 years if
  they stay disciplined

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You Can Be Rich and Poor in All Quadrants
Safe, Secure Job, Good Benefits
Surround yourself with specialists, work as a
group
Make your money work for you
Be your own boss, do your own thing
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Time To Choose
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Where Do You Get Your Income?

• People are busier than ever
• The only difference between the rich and the poor
  is what they do in their spare time
• When at work, work hard. What you do after work
  with the paycheck for your hard work and your
  spare time will determine your future

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Turn Liabilities Into Opportunities

• If you take on debt personally makes sure its
  small. If you take on large debt, make sure
  someone else is paying for it.

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The Secret To the Wealth Of Corporations

• The Typical person
• EARN - TAXES -
  SPEND
• 100 - 33 -
  40 27
• The advantage of being the bank and not the
  banker
• EARN - SPEND -
  TAXES
• 100 - 40 -
  20 40

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Rat Race Fast Track
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Money Buys You

• Having lots of time to raise your kids
• Having money to donate to charities and support
  projects
• Bringing jobs and financial stability to the
  community
• Having time and money to take care of your health
• Being able to travel the world with your family

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What It Takes To Be Rich

• A study of the rich world wide has shown that
  they
• Maintain a long term vision and plan
• Believe in delayed gratification
• Use the power of compounding in their favour
• Einstein said Mans greatest discovery was the
  power of compound interest
• We must all run our bit of work like our own
  business
• As a group we will make the company more valuable
  and will grow our asset in the business