Cashflow

Notes:

Difference between four quadrants is emotion, choose quadrants based on personal belief and what is important.

Money is important, but don't spend your whole life working for it, let money work for you. Generate more free time to do other things more meaningful, such as time taking care of health, family, and friends.

Who you have to be, not what you have to do?

It doesn't take money to make money, nor a formal education.
Takes dream, determination, quick learning, and pick a quadrant.

how we choose to respond to emotions (of fear) : either security or freedom

4 cashflow quadrants:

Employee: need for security, receive salary, safe secure high paid job with good employee benefit.

Self employed: self employed type - owns the job and works for himself, do everything by himself (hard work and extreme effort) and works for duties responsible by many others in a business, be their own boss, or do their own things, private practice, receive salary for themselves, independent when comes to money, do it on their own and work hard, need for independence and freedom is more important than money, hardcore professionist....earn from commissions (artists, broker, freelance)

Business owner: own the business system and hire independent professionals to manage, don't have to work in business you own, while still be active in other quadrants like E, I.....looking for someone to run the company. "Why do it yourself when you could hire others to do it for you, better" - Henry Ford. Ownership and Leadership, bring out the best in everybody. Learn to work with elite people. Focus on the system of business (how departments run) not the product (burger).

Investment: money generate more money, is my cashflow from internal rate of return or net rate of return? Income generated without working for it, and still receive tax benefit columns.
Diversification: play to not lose. Focus: play to win. Instead of learning to avoid risk, learn to take and manage risk.

Wealth: "Number of days you survive without working and still maintain a same standard of living. Asset pays over your expenses." - Buckminster Fuller

security / financial security
freedom: business owner (people work for you), investor (money work for you) both are different skills. Education over ego.