Category: Finance
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3 Investment Risk to Avoid
Many people are turned off by investment risk. When I was growing up, that was my poor dad. Because he valued comfort and security, he felt that, instead of investing, smart people got a good job and saved their money. My rich dad, on the other hand, felt that my poor dad’s way of thinking was risky instead. He aspired to own his own…
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ESBI or Cashflow Quadrant
My poor and rich dads’ opposing views of the world are best explained by the CASHFLOW Quadrant, or ESBI. Each quadrant of the ESBI represents a certain type of person and mindset… E – Employee E in the ESBI stands for Employee An employee values job security, benefits, and a steady paycheck. To attain this, he sells his time to…
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Entrepreneurial Mindset in Teen
Gen-Z is in an especially unique position to pursue entrepreneurship. I believe that we all aspire to be entrepreneurs to some degree. Following your passion and being your own boss, on the other hand, are frequently pushed aside in favour of a steady wage and stability. Many people just lack confidence and allow their worries…
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The Three different types of Income
When we were children, my rich dad spent a lot of time playing Monopoly® with his son and me. We played for hours, exchanging four green houses for one red hotel. Buried in that simple formula was a powerful lesson, a lesson that has served me well throughout my adult life: the value of cash flow. Monopoly® is a…
Rich Dad's Daughter 