August 7, 2024
In his book “Rich Dad Poor Dad,” author Robert Kiyosaki introduces the concept of the “Cash Flow Quadrant,” highlighting the differences between those who work for security and those who work for freedom. To achieve financial independence and retire early, it’s important to focus on building assets that generate passive income. Here are some key strategies to consider:
1. Invest in income-producing assets such as real estate or stocks.
2. Start a side hustle or online business to generate additional streams of income.
3. Save and invest consistently over time to grow your wealth.
4. Educate yourself on financial literacy and investing to make informed decisions.
5. Surround yourself with like-minded individuals who can support and guide you on your financial journey.
Remember, achieving financial freedom requires dedication, discipline, and a willingness to take calculated risks. By following these tips and staying committed to your goals, you can work towards building a solid financial future and retire rich.Rich Dad Poor Dad author Robert Kiyosaki explained a very interesting concept he calls the “Cash Flow Quadrant.” He says that there is a thin line between the rich and the poor – those on the left side of the quadrant work for money because they need security. While those on the right side of the quadrant work for freedom so they don’t have to work hard their entire life! Here are 8 assets that make people rich and never work again.
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#financialfreedom #passiveincome #cashflow
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We firmly believe that knowledge can change the destiny of mankind, and everyone can be the master of their own life. We want to spread financial literacy to all, and that’s why we run this channel.
If you’re looking for personal finance, financial education, investing and how to retire early, you’ve come to the right place! We are committed to helping more people learn about how to get rich, how to generate passive income and cash flow to achieve financial independence, we also share how to make money online and get business ideas. Our goal is to empower every viewer to achieve financial freedom and early retirement(fire movement), enjoy their life!
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“ Freedom, be the master of your life! ”
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DISCLAIMER: Retire Rich is not a financial advisor or broker. All the information, strategies, and tips shared on this channel are for educational purposes only and should not be considered as your financial advice.
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@stephp7778
In Australia the mortgage is more than the rental income and all the other expenses eat up the rental😅
@SimplygirlJackie-oe5xd
Or may God please even me I want to be reach like u
@marthasteward0
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
@stephanndon
This video is packed with incredible insights! For those looking to dive even deeper into financial freedom, Nixorus has some hidden gems that complement these assets perfectly. It’s a real game-changer.
@mctacorda
Nice tips. Educational and Informational content.❤
@racingdreamz8021
Invest in crypto like the rest of us
@rajeshram2163
Rich daddy.. Rich people…hehhehe people find own in come only.. Rich… Or find daily income only rich.
@EthanBrown_23
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
@loganrobeson2258
Who tf is us lol
@Casey-summer
As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.
@BooksForSuccess-d8g
I would prefer put my money in the liquid investment which I can liquid my investment immediately once new opportunity available.
@Cynthia-mm1cv
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024.,..
@jackwillison177
A rich life which gives you a little bit of time and work-life balance costs you financial independence because it'll be low paying. Tough choices to make. Keep in mind, investing provides a jumpstart to financial freedom. At 34, I already have a $6m portfolio.
@Apostlejoshuachiz
Great teachings
@user-kh4vi7zm4s
SUPAR
@ChristopherAbelman
Creating wealth entails establishing positive routines, I had only $78k to my name at 42 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor, Financial management is a vital subject that many avoid, often leading to future regrets.
@SEVILLAnnA
In my 50s, I'm focused on investments for retirement. I've heard of people generating substantial passive income, like someone who earned $200K under a year. What's the strategy for such returns?
@fridayfrank-kx7sk
Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $22,000 every single week.
@marylynnjosh8774
Thank you for the content!! All we need is the right advice on how to invest in crypto or Stock and we will be set for life, made $58,000 profit from trading last month regardless of how bad it gets on the economy.
@FauziaPires
1. Business
2. Real estate
3. Paper asset
4. God's money
5. Time
6. Your health
7. Online assets
8. Your network
@lordvader479
Employees die poor and leave nothing for their families GTFO! My woman and I both work hard and make bank as employees. I’m sure life is nice as a business owner but with that dumbass statement I didn’t watch a second longer.
@MartinHernandez0
Investment goals address three major themes regarding money and money management. First, they intersect with a life plan that engages our thought processes in unexpected ways. Second, they generate accountability, forcing us to review progress on a periodic basis, invoking discipline when needed to stay on track. Third, they generate motivation that impacts our non-financial selves in positive ways that can improve health and mental outlook.
@MatthewCorper
I received my investment fund update this morning-
and holy cow-I was so amazed with the returns Jason Herman Pierce you are doing a great job! I'm kicking myself for not putting more into this deal because of the results I have so far earned, but then I am so happy for this portfolio I won't make the same mistake next time anyways! Please keep in mind that it pays so much to stay focused and plans towards a successful retirement for future opportunities and financial stability..I'd love to invest more in different portfolios as the future can never be guaranteed except a proper plan is made towards securing it.@wealthmakingg
Rich dad poor dad best book
@HugoBergmann-lu4nd
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
@oliviaralston1
Wealth is built in both bull or bear market and also wealth transfers from the impatient to the patient. One of the best ways to succeed in crypto is by trading your assets with a good strategy….
@harry12105
Imagine every individual heading towards entrepreneurship😊 No employees, no more successful business.
@perrytornado
OPE Other People's Energies/ That's the most important asset/ Financial freedom, adequate income and cash flow are capitalist ideals/ The 88% exist as neanderthal survivors motivated by fear and greed in a communist world that glorifies the seven deadly sins and worships ideologies/ The employer leeches off of the employee's energy expenditure/ Politics and the economy are preposterous absurdities/
@ViolahNanyonyi
Thanks much am believing I will make it
@johnontita6845
good message
@Debbie.Burton
The stock market is a very good way to make passive income. I have heard of several investors who were making more than $40k a month from the market. I'm ready to go into the market now, but I'm careful to not make a mistake. Or are there are safe bets?
@KaylaAlexis.
The problem we have is because Most people always taught that " you only need a good job to become rich. These billionaires are operating on a whole other playbook that many don't even know exists.
@user-gh4bq9db5w
Not a pimp
@MoneySavvvy
Who is following Robert Kyoski advices and they actually made money ?
@SuccessMikeMatthew-gw5uh
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.
@andrewking9435
Problem is im doing tjose things but still not enough as prices keep rising
@Jocov187
I will forever be indebt to you I will continue to preach about your name to the whole world to know you have saved me from a very huge financialdebt which just little investment thanks so much( Mrs Ava Brenda Harry) your a blessing to my family
@user-fo3jr1zh4s
Thank you very much for your advice,
@jameswood9772
I have been a dividend focused investor for a long time. This does not mean I don't own growth stocks, I do. A well rounded portfolio should be a mixture of both categories. One way to minimize the anxiety out of stock market investing, is to make sure you keep a large cash cushion. I invest in the market, but never put all my money in market.
@Wajhedeen786
Great ideas. Thanks
@djquickshare
Anybody want to invest in Africa, there's a lot of great opportunities here trust me
@AdalynWong-iz6or
I'm 55 years and I retired at 51. I was able to do this because I understand four pricinciples of financial planning success think long term with goals and investing, spend less than you earn maintain liquidity (an emergency savings) minimize the use of debt
@NatalieFormor
The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas…
@hillaryrowland1
To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income particularly weekly or monthly basis. That's The key to being financially stable
@TheJackCain-84
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
@botchwayshadrack3711
Nothing comes easily or without effort. Find a mentor, read literature that supports your goals, and observe your development. I'll suggest three books to you: Enoch Kwarteng's Wisdom is the New Swag, James Clear's Atomic Habits, and Napoleon's Think and Grow Rich.
@tahirisaid2693
Fact, No one way to Wealth, just understand the key. As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?….