In this modern era, the standard of living has accelerated at a very fast pace with all things at record high prices against the inflating dollar. Can we cope with such an acceleration? Can we even save enough for retirement or are we to work into our graves. If we can't, it should be time to reflect on the way we are making money. In the past, our parents used to tell us to study hard so that we can find a good job with good prospects. But now as the world is so much opened up, there are migration of workers all over the world. What seemed to be a good prospect can easily be taken over by a migrant worker. What used to be an iron rice bowl can now be easily shattered to bits as we are not indispensable.
How do we make a change for the better, to better prepare ourselves for
our future retirement? Let's take a look at Robert Kiyosaki 4
Quadrants. Robert Kiyosaki is the famous author or "Rich dad, poor dad
and a renown speaker.
In the 1st quadrant, it is the employee. There is a Chinese saying "老板住洋房，工人住医药房," which is literally translated into "The boss lives in a bungalow whereas the worker stays in the hospital ward." This of course may not be all true as there are many good and kind hearted bosses around. The implication however means no matter how hard you work, your efforts will go into making someone else rich. If we look at the average income earner's yearly increment, we will see that most of them have meagre increments. How can these people sustain their living with the ever increasing cost of living?
In the 2nd quadrant, you are self-employed, that is you are the owner as well as the worker. Taxi drivers, insurance or property agents e.t.c. come under such a category. However, as you stop working, income cease to come in too. For example if you were a taxi driver and you planned to go for a tour. You would have to pay for the rental for the number of days you're on holiday and worst still you will lose the money made when you were driving.
In the 3rd quadrant, you are a business owner, that is you own a system and have people working for you. However, you have to bear the cost of setting up a company, paying for the rental, storing of goods and employee salary pay outs. Provided the business is running at a moderate or good pace or else you would have to shoulder a heavy burden.
In the 4th or final quadrant, you are an investor. You let money do the work for you. This is no doubt the best of the 4 quadrants provided you personally acquire the knowledge and wisdom required for investing. Many have made it in the investment market not just through sheer luck but going through a comprehensive understanding of the capitalist market.
Which group are you found ??
you have something special,
you have POWER,GREATNESS&POTENTIAL within you, uncover your fears towards achieving your success.
Paul Biswalo,
Mentor,Motivational&Inspirational Public Speaker.
*let`s meet all at the Top because is no longer crowded*
In the 1st quadrant, it is the employee. There is a Chinese saying "老板住洋房，工人住医药房," which is literally translated into "The boss lives in a bungalow whereas the worker stays in the hospital ward." This of course may not be all true as there are many good and kind hearted bosses around. The implication however means no matter how hard you work, your efforts will go into making someone else rich. If we look at the average income earner's yearly increment, we will see that most of them have meagre increments. How can these people sustain their living with the ever increasing cost of living?
In the 2nd quadrant, you are self-employed, that is you are the owner as well as the worker. Taxi drivers, insurance or property agents e.t.c. come under such a category. However, as you stop working, income cease to come in too. For example if you were a taxi driver and you planned to go for a tour. You would have to pay for the rental for the number of days you're on holiday and worst still you will lose the money made when you were driving.
In the 3rd quadrant, you are a business owner, that is you own a system and have people working for you. However, you have to bear the cost of setting up a company, paying for the rental, storing of goods and employee salary pay outs. Provided the business is running at a moderate or good pace or else you would have to shoulder a heavy burden.
In the 4th or final quadrant, you are an investor. You let money do the work for you. This is no doubt the best of the 4 quadrants provided you personally acquire the knowledge and wisdom required for investing. Many have made it in the investment market not just through sheer luck but going through a comprehensive understanding of the capitalist market.
Which group are you found ??
you have something special,
you have POWER,GREATNESS&POTENTIAL within you, uncover your fears towards achieving your success.
Paul Biswalo,
Mentor,Motivational&Inspirational Public Speaker.
*let`s meet all at the Top because is no longer crowded*
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