Tag Archives for " cash flow quadrant "

Episode 054 – Overview of Cash Flow Quadrant by Dr. D. Anthony Miles (Part II)

In Episode 054, Jack has invited Dr. D Anthony Miles back to the show to give an overview of the concept of the Cash Flow Quadrant advocated by Robert Kiyosaki. Part I will focus on the implications and ramifications of the right-hand side of the Cash Flow Quadrant (i.e. the Business Owners and the Investors).

Take a look on the "Right" side of the CFQ

"The right side of the CFQ that you want to be is "B" which stands for business owners and "I" which stands for investors.  Your income does not equal time or time does not equal money. Rather that means that you have more passive income as a positive linear income.  When you think of it like someone works for our system is the system.  A business owner owns the system and investor owns a system but in a different way as he invests in a system that works for them."

Bs & Is have multiple streams of income

"When you're a B or an I, you have multiple streams of income.  You're not dependent on one income.  Remember we said that the Bs and the Is do not rely on one revenue stream. When you get laid off, does your revenue dry up so you have no backup.  The Bs and Is know that they invest in different projects and when they invest in different projects, they are business owners."

Three Types of Leverage

"There are three types of leverage - other people's time, other people's money and other people's talent. When you use other people's talent or the people that work for you would use other people's time, that's time that you're not using your own time but  using other people's time and when you use other people's tools and resources, we use other people's talent and resources.  So that's the really strong differences between the Es and the Ss, and the Bs"

Want to know more about D? 
Twitter: https://twitter.com/DAnthonyPhD
LinkedIn: https://www.linkedin.com/in/danthonymiles
Email: dmiles@MDIcorpventures.com
Website: https://www.mdicorpventures.com
Amazon: https://www.amazon.com/D.-Anthony-Miles/e/B006JRNDVQ

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Episode 053 – Overview of Cash Flow Quadrant by Dr. D. Anthony Miles (Part I)

In Episode 053, Jack has invited Dr. D Anthony Miles back to the show to give an overview of the concept of the Cash Flow Quadrant advocated by Robert Kiyosaki. Part I will focus on the implications and ramifications of the left-hand side of the Cash Flow Quadrant (i.e. the Employees and the Self-Employed).

Why did D decide to introduce CFQ in his entrepreneurship program?

"One of the reasons that I decided to implement some of the concepts from the CFQ, is because I have to rebuild it, really be honest with the people that teach entrepreneurship and most college programs either never started their own business, currently didn't have a business or had never been in business for themselves.  So by teaching people to build a business, they can really relate to people because they have never started a business and that's the one of the tragedies of our colleges and universities. There are very few entrepreneurs or actual entrepreneurs that actually teach entrepreneurial concepts and theories.  So take this a consideration when you have someone to tell you about trying to start a business and they never put their head out of the jungle and started a business."

What Do You Value as an Employee?

"When you're an employee, you value to things, you value security and you value minimising risk. If you go to school and get your degree and you're preparing yourself for the workforce, you basically value security and a steady pay check. That was another part of it because based on how you're structured in terms of being an employee, you cannot and will not take a chance on having a business because you need something solid. You need something stable. So they value security over freedom. They stay away from risk and when they look for a job, instead of looking for opportunities, they look for jobs. That's the difference. When you have an employee mindset and here's the ugly truth for you to be successful at anything, you have to recognise that when the industrial revolution went on to, now we're in a digital revolution, so now we have a paradigm shift, so now a college degree is a commodity."

How about Self-Employed?  What are their challenges?

"The S-quadrant are people that are really self employed.  Their mindset is 'I make per hour', I have this contract and that contract and the problem is you're all alone and because you're all alone, there's more risk involved and when there's more risk involved.  You're responsible for the business, so when people come and go, most of the logical progression for people that want to get out of the entrepreneurship project is to go into the S-quadrant. It's like this: you're frustrated with the job and normally just hits you in your forties. I've seen this happen over and over, hits you in your forties. You didn't get that promotion, your career projection and go as you want it so you're frustrated. So, you say, "I'm going to start my own business". So you go on to the S-quadrant and you're not prepared to be an entrepreneur and this is where some people crash and burn. When they go on to the S-quadrant, they said, "I'll be a consultant".  Now another issue that ties into this, like we have a lot of people getting PhDs and leadership.

Well, leadership the ugly step brother of the management side. So now we have people trying to build consulting practices, study studying leadership and helping companies where leadership hasn't planned out because people don't understand that. When you say, I'm a consultant for leadership, this is in the S-quadrant.  So I always tell my friends, don't say you're going to help people with their leadership problems. You tell people you help them with management problems


Want to know more about D? 
Twitter: https://twitter.com/DAnthonyPhD
LinkedIn: https://www.linkedin.com/in/danthonymiles
Email: dmiles@MDIcorpventures.com
Website: https://www.mdicorpventures.com
Amazon: https://www.amazon.com/D.-Anthony-Miles/e/B006JRNDVQ

Did you like what you heard?

If you liked this podcast, please leave a review on iTunes!  Click here to discover the iTunes page.

Did you know that Cracking the Entrepreneur Code Podcast Show is on Apple's Podcast app?

  1. Launch Apple's Podcasts app.
  2. Tap the Search tab.
  3. Enter "Cracking the Entrepreneur Code".
  4. Tap the blue Search key at the bottom right.
  5. Tap the album art for the podcast.
  6. Tap Write a Review at the bottom.

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