From the Podcast

Ep. #5 - Expanding On The Cashflow Quadrant - Diversify Your Income For Wealth & Financial Freedom

Ep. #5 | Expanding On The Cashflow Quadrant – Diversify Your Income For Wealth & Financial Freedom

In this episode (#5) of the [... and Landlord] Podcast, I expand on something that I touched on briefly in the prior episode (#4) related to Rich Dad's Cashflow Quadrant, which is a book by Robert T. Kiyosaki. In this book he explains the Cashflow Quadrant (pictured within the above image); and in this episode of the podcast, I relate my own positioning within the Cashflow Quadrant and what you may wish to make your goals for the same, along with how to diversify your income - and why.

I highly recommend that you read this 2nd book in the Rich Dad series (after reading the 1st, Rich Dad Poor Dad) - as together, they are greatly helpful in setting the ideal mindset and providing a guide for financial success. When I first read these books (I've since listened to each 3 times), they were exactly what I needed. They focused my thoughts and efforts on a path that I was previously stumbling to find.

I knew that what I had been taught about finances and investing was somehow "off", but these books made it clear as to exactly what was wrong and what I needed to change. I cannot stress more strongly how valuable these books were for me; and I've found that most Real Estate Investors mention one or both of these books as foundational to their success.


This 5th episode of the [... and Landlord] Podcast begins with a quote...

“Don’t let the best you have done so far be the standard for the rest of your life.” - Gustavus F. Swift

This quote relates because I've been seeking and working towards something more for my life since I became an adult almost 29 years ago upon graduation from high school. I'd been an employee since my first job of age 15 at McDonald's - and I HATED every minute of it! I had been able to get steadily better jobs in food service, retail, offices, tech, etc... But I was still an employee, so they were only slightly less excruciating as the jobs improved.

For more on this, see the Blog post: I HATED Being An Employee! - (From My First Job At Age 15 To Starting My First Business In 1996)

At each step of my employment journey, I was seeking to improve upon this standard to move into something better. And even in 1996 when I started my first business, right through 2002 when I finally ceased being someone else's employee (reaching the level of self-employment) - I was still always seeking to raise my standard for what was to come next.

I established another standard for myself in 2015 when I bought my first rental property, but I did not stop at just one... I'm now beyond double digits - and I want more. To make the quote personal, I refuse to "let the best I have done so far be the standard for the rest of my life" - I can do better! I know that I have it within me to achieve even greater levels of success, ultimately resulting in financial freedom for myself and my family.

In the [... and Landlord] Podcast (Episode #4) - I mentioned some of the things that I had to sacrifice to reach this new standard for my life. In this (the 5th episode), I express this quote and how it relates to the Cashflow Quadrant and my ever changing path (along with my wife) to financial freedom through Employment, Business, Real Estate, and other Investments. Having income from multiple Cashflow Quadrants is essential to growing your wealth and achieving financial freedom.

I express how taxes are the #1 expense faced throughout life for most people, and those who get their income only from the [E] Quadrant are among the most highly taxed. Getting income from the [S] and [B] Quadrants not only provides many tax benefits, but also potentially provides additional funds to buy cash-flow positive assets and investments in the [I] Quadrant. Listen to this Podcast and read or listen to the book Rich Dad's Cashflow Quadrant, to start or focus your path to financial freedom by getting diversified income from multiple Cashflow Quadrants.

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