The book tells the story of Robert Kiyosaki's two fathers: his 'poor dad,' a highly educated but fiscally poor man, and his 'rich dad,' the father of his best friend who was a successful entrepreneur. It emphasizes the importance of financial education, distinguishing between assets and liabilities, and building wealth through investing in assets such as real estate and businesses. Kiyosaki argues that a good education and a secure job are not guarantees for financial success and provides practical lessons on how to make money work for you rather than working for money[1][3][5].
In 'Rich Dad's Cashflow Quadrant,' Robert T. Kiyosaki explains the four types of people when it comes to money: Employees (E), Self-employed (S), Business owners (B), and Investors (I). The book emphasizes that financial freedom is more likely achieved by moving from the left side of the quadrant (E and S) to the right side (B and I), where money works for you rather than the other way around. Kiyosaki argues that traditional education often fails to teach financial literacy, leading many to work hard for money instead of making money work for them. The book provides insights into the skills and mindsets required to succeed in the B and I quadrants, which are key to achieving true financial freedom.
In this special live episode from Perth, Glen and John take questions straight from the audience. From early retirement goals to splitting assets during a separation, they cover real-life money scenarios with plenty of laughs and practical tips along the way. They touch on:
👉🏾 how much super do you really need to retire?
👉🏿 financial hurdles and how to overcome them
👉🏻 early retirement vs building a life with choice
👉 splitting a business during a separation
👉🏼 using equity: pay off bad debt or invest?
👉🏽 buying a forever home vs wealth-building property
👉🏾 real-life financial decisions we regret
👉🏿 how to plan when life throws up weddings, babies and mortgages
Thanks to our event partners: Forever Projects, Everest Wealth, Finext, and Australian Retirement Trust!
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