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BOOK REVIEW Flipping the Switch: Unleash the Power of Personal Accountability Using the QBQ! John G. Miller
Finance & Accounting
Pages 3 (753 words)
About the author The book selected for discussion in the project is Cash flow Quadrant: Rich Dad’s Guide to Financial Freedom. The author of the book, Robert Kiyosaki, is a well known for writing motivational books. He began his career as self publisher but later he was published by Hachette Book Group of USA.
About the book The author provided an example of Rich Dad and Poor Dad. The richness is not being labeled with money alone. He had put emphasis on financial freedom. In the book, Rich Dad has been entitled as rich because he had much more free time to offer to his family. On other hand, when Poor Dad became successful as a state employee he could offer much less time than the Rich Dad to his family. Therefore richness here has been determined with free time in spite both Dad being successful. Financial freedom has been determined with stable flow of cash with free time. The author put forward the concept of four quadrants named as employee, owner, self employee and investor. According to him one can be successful and earn money in all the four quadrants if efficient decisions are taken. The words used by the persons differentiate them. It is fear which drives the employees and so they use words like security. The self employed enjoy their independence and try to structure their work procedure in such a way that provides them maximum financial freedom. Money is working for the investors and so their job is to find the place where their money can work. If wealth is determined by the number of days when people can live efficiently maintaining their life standards then investors are in better off position. ...
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