I think Rich Dad Poor Dad got it completely wrong
Here's how wealth actually works, and why:
Here's how wealth actually works, and why:
Rober Kiyosaki sold 32 million books called Rich Dad Poor Dad. He’s worth more than $100Million dollars from that book.
And today, I’m going to be aggressive and say. He got it wrong.
And today, I’m going to be aggressive and say. He got it wrong.
Yikes. Let me explain, so that you and I can get it right and truly become financially free.
Someone asked me the other day, "How do I know if I am progressing towards financial freedom?"
Someone asked me the other day, "How do I know if I am progressing towards financial freedom?"
“Is it a number? Like a $20 million FU fund target?” They asked.
I said no.
“Is it an employment type? Like business owner vs employee. W2 vs K1.”
No again.
“Is it cashflow? As in how much you have of it?”
Also no.
I said no.
“Is it an employment type? Like business owner vs employee. W2 vs K1.”
No again.
“Is it cashflow? As in how much you have of it?”
Also no.
It’s not a number, it’s not a type of worker you are.
It is something different.
I’m calling it the Investor Pyramid. You see, there are 4 types of people in the world, we are all one of them.
Let me explain.
It is something different.
I’m calling it the Investor Pyramid. You see, there are 4 types of people in the world, we are all one of them.
Let me explain.
Robert Kiyosaki was just talking about was your tax status... self-employed, vs biz owners, vs investors, vs employees.
This is what Robert Kiyosaki preaches... this is what he calls the Cashflow Matrix. He tells you that you need to move from employees to investors.
This is what Robert Kiyosaki preaches... this is what he calls the Cashflow Matrix. He tells you that you need to move from employees to investors.
Ok, that sounds good in theory.
But something nagged me. There was something wrong.
Well, really he’s just telling you how the IRS labels you. Your taxation status.
That is, maybe, step one in financial freedom but it is far from the closing of the chapter.
But something nagged me. There was something wrong.
Well, really he’s just telling you how the IRS labels you. Your taxation status.
That is, maybe, step one in financial freedom but it is far from the closing of the chapter.
So now we have 32million people trying to change their tax status and obsessing about whether they get a K1, vs 1099, vs W2 when in actuality they’re on the wrong path entirely.
IN FACT, IT IS A TOTAL FALLACY THAT YOU CAN’T BE A WORKER AND BE MASSIVELY FINANCIALLY FREE.
IN FACT, IT IS A TOTAL FALLACY THAT YOU CAN’T BE A WORKER AND BE MASSIVELY FINANCIALLY FREE.
Just ask Sheryl Sandberg (W2).
Just ask the 54 of the 400 Forbes Billionaires who are employees not owners.
Just look at all the billionaires who bought out the companies they worked for or got equity.
Just ask the 54 of the 400 Forbes Billionaires who are employees not owners.
Just look at all the billionaires who bought out the companies they worked for or got equity.
So here is the Contrarian-Investor Matrix:
Investor Matrix is divided into four types of people, inside of each category is a sliding scale but let's simplify it to:
Spender-Saver
General-Investor
Calculated-Investor
Master-Allocator
Investor Matrix is divided into four types of people, inside of each category is a sliding scale but let's simplify it to:
Spender-Saver
General-Investor
Calculated-Investor
Master-Allocator
On the left side are Ss and Gs.
They know the least about investing, pay the most in taxes, and have the least financial freedom.
S's buy liabilities and save a bit of money (which loses value thanks to inflation)
G's invest a bit, but they don't have much of a strategy
They know the least about investing, pay the most in taxes, and have the least financial freedom.
S's buy liabilities and save a bit of money (which loses value thanks to inflation)
G's invest a bit, but they don't have much of a strategy
On the right side of the quadrant are Cs and Ms.
They pay the least in taxes and create or invest in assets that produce cash flow for them even when they’re sleeping.
C's have awareness, a strategy for investing, and a system for tracking and optimizing
They pay the least in taxes and create or invest in assets that produce cash flow for them even when they’re sleeping.
C's have awareness, a strategy for investing, and a system for tracking and optimizing
M stands for Master Allocators
The have expertise to unlock returns others can't
They have access to opportunities and people that regular investors don't
They have leverage thanks to their expertise: they become allocators or syndicators
The have expertise to unlock returns others can't
They have access to opportunities and people that regular investors don't
They have leverage thanks to their expertise: they become allocators or syndicators
How do you beat inflation, rising costs, and every other economic challenge?
You become an invincible MASTER ALLOCATOR
Stop worrying about what box you tick on IRS forms, and get to the top of the investing pyramid.
You become an invincible MASTER ALLOCATOR
Stop worrying about what box you tick on IRS forms, and get to the top of the investing pyramid.
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