The Business Of the 21st Century - Robert Kiyosaki

About The Book:

The turn of the 21st century has brought serious meltdowns in various economies across the globe. Mass layoffs, stock market decline, and top businesses filing for bankruptcy are all over the news. People began to think that financial freedom was a myth. How can they possibly experience financial stability when the economy itself is in turmoil? The business of the 21st century by Robert Kiyosaki aims to break this idea. It explains why this seemingly bad news is, in actuality, really good news. The book harps on the belief that each person should be responsible for his own finances. He should not depend on what is happening to the economy, because of wealth-building has nothing to do with it. The book discusses the effective business model which is compatible for those who are courageous enough to go into business.

Who should read "The Business of the 21st Century"?

If you are an employee with dreams of climbing the corporate ladder or a self-employed small business owner, then you're still living in the 20th century, and you must read this book if you wish to make the much necessary step forward.

Summary: 

If you ever read the book "Rich Dad Poor Dad" then certainly aware of the cashflow Quadrant. It maybe one of the most important writing Kiyosaki ever did because it goes right to the heart of the crucial issues involved for people who are ready to make true changes in their lives.

A strange thing to say about 4 letters inside a table and each of these letters stands for one of the only  four categories of people that exist on this planet(at least to the eyes of Kiyosaki):

E - Employee

S - Self-Employed or Small-business owner

B - Business Owner

I - Investor

Which one of them are you?

Or to use the words of Kiyosaki, which quadrant do you live in? 

OR 

how you earn most of your money?

The E Quadrant: 

You're here if you belong to the overwhelming majority of people. OR, to be more exact, you're happy enough to not belong in the zero-quadrant, also known as being unemployed. According to the estimated report on the youth unemployment rate in India was around 10.42% in 2018 which is quite high anyways you, however, don't. You work hard in a moderately successful company, and you believe that one day, your career will earn you just enough money to relax in the bliss of retirement.

The S Quadrant:

Then again, maybe you've already migrated to the S quadrant.

Driven by your urge to earn more and to have more freedom, you decided to "fire your boss", found a start-up, and become your own boss instead.

Unfortunately, this has backfired: now you have even less free time(because taking a day off means earning no money at all) and you can't blame your boss for your problems(because that boss is you).

However, you feel that you're better off than in the E-quadrant.

The B Quadrant: 

Of course, both the small business and the big business owner are self-employed.

However, the difference between the S quadrant and the B quadrant is straightforward: in the case of the latter, you're not working for your company, but your company works for you.

The I Quadrant:

Finally, the quadrant, in which it is not your business which works for you anymore, but your money.

Through it seems something an E or an S guy would never have a go at, investing, says Kiyosaki, is "not rocket science".

you already understand its essence from Monopoly: " four greenhouses, one red hotel". All you need now is just a few books to master it.

Now that you've evaluated yourself time to reveal the point of your test:

This book is neither for I's or B's. It is about the E's and the S's. And especially about those young people who haven't decided yet whether they'll live on the left or the right side of the Kiyosaki's quadrant.

Basically, every modern book on retirement planning states this explicitly: if you're merely working somewhere, you're already doing it all wrong! Back in the time of Bismarck, the average life expectancy was 45, and not many people lived to be old enough to start receiving their benefits.

Now almost everybody lives past that age, and it's only a matter of time before pension funds go absolutely broke.

Still, wanting to be in E or an S?

Unless you're a B or an I, you'll never earn enough money to sit back and relax.

"it's not about income & it's all about assets that generate income"

Well, it means that earning money actively will never get you anywhere; and even if it does, it will be at the price of your own freedom. Think of it as a race. you're not allowed to take rest because then you'll be outrun.

However, if you're capable of finding a way to start earning money passively, then you can sit back and enjoy the view. Think of it as having someone else running in your stead.

And the Book discusses the scope and benefits of network marketing, which I am not gonna discuss in this blog. I am having a bad experience with network Marketing if you ever heard about ebiz then you can understand what I am talking about. But According to Kiyosaki, it can be the business for the common people where no extra-ordinary skills required and no cut-throat competition is there.