Home Business – The smartest investment in your security is to start a home business now!

Robert Kiyosaki, in his bestselling book Rich Dad: Poor Dad presents the idea of ​​the Cashflow Quadrant®.

The cash flow quadrant is a concept and diagram that simply organizes how we generate income into 4 different categories. These categories are E for the employee or employee, S for the self-employed / professional found on the left side of the quadrant, and B, the owner of the leveraged business, and I, the sophisticated investor on the right side of the quadrant.

Kiyosaki makes it clear that most of us have to do everything we can to put ourselves on the “right side” of the quadrant if we are ever to aspire to be financially free. Otherwise, the probability of achieving true financial abundance is too small if we stay on the left side of the quadrant.

Interestingly, we can choose which section and side of the quadrant we want to finally end up on if we know them. Our choice largely depends on how we are “wired”, our temperament, and our level of ambition.

Regardless of what you do, you can choose to do it in the section you prefer. For example, suppose you are a Chinese translator (i.e. Mandarin)

If you are in this section of the quadrant, you could:

me – Work for a company where you are an employee translating and working with Chinese clients. You like the convenience of being told what your next task is and what you are going to do. Financial definition: You are exchanging time for money and they pay you what the JOB is worth.

S – Be a freelance translator for hire where you would translate materials, correspondence and conversations between Chinese and American clients. You are the best, so you translate because you think it is too risky for someone else to do the translation for you. Financial definition: You are exchanging time for money and they pay YOU what YOU are worth, but YOU restrict it and your available time is maxed out at 24 hours.

B – Start a small business or company that provides a variety of services to companies or entities that wish to work in China or that are Chinese or Chinese speaking. Language and document translation may be your main services, but you have many other translators and support team members working for you who allow your business to continue to generate income and grow even when you are not there. Financial definition: You are leveraging people’s skills and time and creating a synergy between your skills and their time that can provide you with unlimited income, but may still require some of your time.

I – Take the income you have produced in the S quadrant or now in the B quadrant and start investing in both active and passive investment opportunities. Many of these opportunities may be made available through the relationships created through your S or B activities. The key here is that your financial assets are now invested to produce more financial income (and therefore more assets) for you and your heritage. Financial definition: You are leveraging your own money to create other income-producing financial assets that allow you to buy even more income-generating assets. When you have enough assets, you can do absolutely nothing or anything you want and you can afford to do … best of all, there is more and more money.

So you can clearly see that a person can take their skill and / or passion and choose to use it in any of the four sections of the quadrant, but if you want to be truly financially free, your goal and focus should be to get to the I quadrant as soon as you can reach that level. There is no more direct way to do this than there is to start a home business. When you consider the low cost of entry, the many legitimate opportunities available, and the US tax code written to bring tax savings to home business owners who could afford some, if not all of their startup expenses, simply You can’t beat starting a home business.

I have been blessed to have made millions in personal income by starting my own small business in the S quadrantNetwork marketing is one of the few S businesses where you get all the bullish leverage and 7-figure income potential without the financial and time-wasting risk associated with most S business.) and I have had the joy of actively participating in the I quadrant, but there are some important things that I have learned along the way that I would like to share with you.

  1. Moving into quadrants S and I is a process. There is an old entrepreneur maximum that goes like this. In the first days you work a lot and they pay you a little, so in the last days they pay you a lot and you work a little.
  2. God’s delays are not denials of God. Don’t make the mistake and don’t see the significant value of your timing lags. What you will usually find in hindsight is that if you had gotten it when you wanted it, you wouldn’t know what to do with it. This is hard to “buy” while feeling retarded, but it is the truth. Delight in your delays. Remember that God IS ALWAYS ON TIME!
  3. You have to invest to be an investor. Don’t be afraid of losing … especially money. If you do your best and learn from your losses, you will finally start to win. Losing is part of the winning process. The fear disappears when you realize this and are diligent and energetic in your learning and preparation. Once you get into the practice of winning … you will get better at winning and keep winning … God willing.
  4. A roadmap is good, an experienced guide is better. Always look for a mentor who has gone where you are going, done it in the style you want to emulate, and TODAY is where you finally want to “go” to fulfill your created intention. Mentors are out there and the good guys love to share … don’t be afraid to pay the price they may ask you to pay.
  5. The faster you make mistakes, the FASTER you will succeed. In other words, if you want to be successful quickly … double your failure rate.
  6. Learn to manage your time. You can ALWAYS replace your money, but you can never replace your time. You may be interested to know that I have written an Ezine article on something I call the List of Six, a quick and easy way to manage your time efficiently.
  7. Lastly BUT the most important thing is confidence in yourself … SECOND. Trust God … FIRST. You will fall short from time to time, you will be misled and you will just make stupid mistakes. However, and listen to this … GOD NEVER MAKES MISTAKES, IS ALWAYS ON TIME, TOTALLY RELIABLE AND WILL NEVER FAIL YOU. It may appear that this sentence above is not the case if you take a page from your life story and read ONLY that page. However, if you read the whole book that is your life or even if you look back at the chapters that you have already lived, if you look long enough, you will see that the previous sentence is absolute.

Your challenge this week is:

  1. Identify where you are in the cash flow quadrant. Ask yourself where you are finally committed to going and why.
  2. Read my 7 foolproof guidelines above and ask yourself which of the 7 you are already shopping in. Then ask yourself what you might need to learn, see, or believe to buy from others.

* CASHFLOW, ESBI, and the cash flow quadrant diagram are registered trademarks of Cashflow Technologies, Inc.

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