RajahJun

Recently, I received news that the organization I am working for will undertake a redundancy program. I said to myself  "this might be the opportune time to try moving to the other side of the quadrant."  Presently, I am on the left side of quadrant specifically the "E" quadrant, which means, I get my income being an employee.  I've been doing this for the past 25 years or so. It's not easy going to other side of the quadrant.  Robert Kiyosaki in his book "Rich Dad's Cash Flow Quadrant" said that those who will try this, will experience anxiety similar to the feeling of drowning. But he said that the anxiety can be overridden, if the person going through the change is emotionally prepared to face it.  Robert also added that it's like "addiction".  If you're used to earning money as an "employee" it will be difficult to change.  One will experience withdrawal symptoms like an addict.  The thought that's g...

In order to successfully migrate to the right side of the quadrant, Robert advised in his book "Rich Dad's Cash Flow Quadrant", take baby steps.  He also advised readers to build assets not liabilities". In my current situation, I have more liabilities than assets.  This was the result of sending my three children to college.  Fortunately, they've all finished college.  Having kids that finished college might be considered assets being parents, but not from a financial perspective. Going back to my liabilities, I have several.  I have a credit card debt from consumer purchases. Secondly, I have debts owed to relatives, when I took out personal loans from them to pay for college tuitions.  Lastly, I took out salary loans from the Social Security System and Pag-Ibig.  These loans are already in default and incurring penalties and surcharges. Again, take baby steps towards the right side of the quadrant.  But first things first, I need to retire ...

I was reading Robert Kiyosaki's book "Rich Dad - Cash Flow Quadrant" over the weekend. I bought the book a year ago and finally got the chance to read it.  Although after reading it, my (financial) life was still the same. After reading it again, it got me to seriously think about my own financial situation. The book mentioned about a cash flow quadrant that points out a person's sources of income. Readers are made to ask where they get their source of  income. The quadrant illustrates four sides namely: Employee, Self-Employed, Business owner and Investors quadrant. The employee and self-employed quadrant is on the left side while the business owner and investor is on the right side. File Image:  http://www.empowernetwork.com/tatipasa/files/2013/06/Quadrant-Inggris-explained.jpg My income comes from the employee quadrant, which has been my source for most of my adult life. Robert said that "E" quadrant will not give you financial freedom.  It will o...