In contrast, the right-hand side quadrants, “B (Business Owner)” and “I (Investor)”, are called the Passive quadrants, wherein income is not directly proportional to the time and effort spent. Therefore, to earn money, people in these quadrants must actively work, which is why these two quadrants require a lot of time and effort before one can become rich. The left-hand side quadrants, “E (Employee)” and “S (Self-Employed)”, are the Active quadrants because people have to spend time and effort in order to earn. Where are you currently in the Cashflow Quadrant? These are the quadrants adopted and followed by the rich - which is why they become richer and richer - and something the poor does not understand or does not follow - which is why they continue to be poor. The “Rich Dad’s Cashflow Quadrant” simply talks about four ways to make money. “B” (Business Owner) Quadrant Explained.Let’s learn more about the “Cashflow Quadrant” - the core concept espoused by Robert Kiyosaki in his Rich Dad, Poor Dad series of books. Trust me, they’re a good starting point for your journey towards achieving financial freedom. No need to go through hundreds of pages just to understand how you can eventually retire young and rich!īy the way, if you want your own copy of Robert Kiyosaki’s books, you can get them from Amazon below at discounted prices. Interested to learn more? Read our short and easy-to-understand summary of the Cashflow Quadrant book below. That, simply speaking, is how you can become rich! Guided by the Cashflow Quadrant, my goal ever since has been to move from the left-side quadrants (E and S) to the right-side quadrants (B and I) in order to accumulate passive income and eventually become financially free. The Cashflow Quadrant book talks about four quadrants representing four (4) primary ways to make money. Ever since I learned the concept from Kiyosaki’s original Rich Dad, Poor Dad book, I have always planned on retiring early and to live on passive income for the rest of my life. The Cashflow Quadrant book has been my personal guide for several years now when it comes to goal setting and personal finance management. No part of the material contained in this website may be reproduced or transmitted in any form or by any means, electronic, technical, photocopying, recording or otherwise, or stored in any retrieval system of any nature without the written permission of the ICAI.The free download offer, unfortunately, was available for just a week but I was thrilled to have finally gotten my own ebook copy at no charge back then. are reserved and vested exclusively with the Institute of Chartered Accountants of India (ICAI). Part II: Applicability of Accounting Standards to various entitiesĪll Intellectual Property rights including Copyright etc.Part I: Framework for Preparation and Presentation of Financial Statements.Chapter 14: Accounts from Incomplete Records.Chapter 13: Accounting for Branches Including Foreign Branches.Chapter 11: Hire Purchase and Instalment Sale Transactions.Chapter 10: Insurance Claims for Loss of Stock and Loss of Profit. ![]() Chapter 7: Redemption of Preference Shares.Chapter 6: Accounting for Bonus Issue and Right Issue.Chapter 5: Profit or Loss Pre and Post Incorporation.Unit 1: Preparation of Financial Statements.Chapter 4: Financial Statements of Companies.Unit 2: Overview of Accounting Standards.Unit 1: Applicability of Accounting Standards.Chapter 3: Overview of Accounting Standards.Chapter 2: Framework for Preparation and Presentation of Financial Statements.Chapter 1: Introduction to Accounting Standards.Recent Opinions & Advisory Service Rules of Expert Advisory Committee.Engagement and Quality Control Standards - Complete Text.
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