Entrepreneur Mind

cashflow quadrant

Cashflow Quadrant

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by annette in

The Cashflow Quadrant, a trademark of Cashflow Technologies, Inc., first appeared in the Cashflow Quadrant book by Robert Kiyosaki.  The letters in the quadrant simply represent the quadrant from which a person generates income.

E stands for Employee

S stands for Self-Employed or Small Business Owner

B stands for Business Owner

I stands for Investor

The E quadrant

What I learned in school made me a professional in the “E” (employee) quadrant.

I felt secure here with a regular paycheck, More >

Myth 7 of 8: Money Is the Root of All Evil

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by annette in

Read previous Myth 6 of 8: Money Is Not Really Important

A lot of people actually believe that money is the root of evil… that rich people are evil, greedy, etc… some actually believe that they can’t be ‘spiritual’ and rich.

I think one of the reasons that a lot of Filipinos have these beliefs is because of the teleseryes (television series) and movies. Most of the time, the lead star of the show comes from a poor background and the villains or bad guys are the rich ones.

(more…)

Myth 6 of 8: Money Is Not Really Important

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by annette in

Read previous Myth 5 of 8: Only Certain Lucky or Gifted People Get Rich

Here is another myth that’s keeping Filipinos poor. There are those who say, “Pera lang yan… Hindi importante ang pera…” (It’s just money… Money is not important…)

My friend, let me ask you, if you say that your spouse or partner or friend is not really important, do you think they’ll be around you for long?

If you think that a car is not important, would you have it? No. Would you have a horse if it wasn’t important to More >

Myth 5 of 8: Only Certain Lucky or Gifted People Get Rich

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by annette in

Read previous Myth 4 of 8: It Takes Money to Make Money

Many people do not believe in their own capacity to run a business or to be rich. You might say, “I don’t have the guts to… I am not good at… I am shy… I don’t have the skills to… etc.”

The truth is that most rich people are not special in any way – except that they have more money. They are not any smarter, and they are not necessarily famous singers, actors, actresses, sports stars, or inventors. They are just ordinary people who More >

Myth 3 of 8: I Don’t Have the Time

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by annette in

Read previous Myth 2 of 8: You Have To Work Hard For Money

Working for somebody can actually eat up quite a bit of your time. Add to that a significant other, kids, commute and where does that leave you?

Starting a business for people working more than 80 hours a week may be impossible, but for most people working full-time jobs, it is possible.

If you have time to watch movies, play your sport, watch teleserye after teleserye (TV series), go on a drinking spree every week or so, play Wii, More >

Myth 2 of 8: You Have To Work Hard For Money

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by annette in

Read previous Myth 1 of 8: I Did Not Graduate So I Can’t Be Rich

Another myth instilled in Filipinos’ minds is…”You have to work hard for money.”

A famous Filipino saying is “Kapag may sipag at tiyaga, may nilaga.”

Did you know that taxi drivers are hard-working? Some of them work 24 hours a day! What about jeepney drivers? The balut vendors? What about your neighbor, your officemate, your spouse, your best friend? Are they hard-working? “May nilaga ba?” Can they stop working today and still More >

Top 8 Myths That Keep Filipinos Poor

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by annette in

“The goal of loving the poor is to help them stop being poor.” – Bo Sanchez

When somebody tells you that there is a way to get rich without a job, how do you react?  Do you go take a notebook and ask that somebody to teach you how?  Nah, I don’t think so.

By age 20, we already have a programmed way of thinking.  Because of our programming, our common reaction is to immediately doubt or resist the idea of making money without a job.

(more…)

Cashflow Game Overview and Review

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by annette in

I bought my first Kiyosaki book (Rich Dad Poor Dad) in 2001 and have been an avid reader of his books ever since.  I first played the Cashflow game years ago, and the education I got from that first game stuck with me, and I continue to learn more until today.

I remember we were asked to randomly pick a card to get a profession and I ended up playing as a Janitor.  All of us were either employees or self-employed professionals, such as Teacher, Engineer, Airline Pilot, Truck Driver, Doctor, More >

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