Life has so much to offer when you realize when, and how to seize it. Ever since I picked up my first crayon and coloring book in kinder garden I was guided in a certain direction. The way I was shown was not necessarily bad, because there was a lot learned along the way. However , life’s experience has taught me that the road less traveled is usually the most beneficial, especially when it comes to the business world.
In the book , ” Rich Dad, Poor Dad ” written by Robert Kyosaki he references what is called the ‘Cash Flow Quadrant ‘. Picture a box with four separate parts. In the first box in the upper left hand corner is the ‘E’ section , for employee. This is where I resided for thirty plus years of my life, trading time for money and working to the beat of someone else’s drum. Directly below the ‘ E ‘ section is the ‘S’ which stands for self-employed. Being self-employed is a step up from being a employee, because you can now be your own boss. This is a significant step toward having freedom financially in one aspect, but limits your freedom in another. When you are self -employed you basically have the job of running your business. This means if you become ill and are not able to physically show up at your business revenue stops. The aforementioned sections of the Cash Flow Quadrant is the infamous ‘left side’. Ninety percent of the population in America resides on the ‘left side’.
Why do 10% of the people control 90% of the wealth ? When we look at the upper right hand side of the Cash Flow Quadrant we find the ‘ B’ section which represents the business owner of a system that leverages other peoples time, talent, and efforts to establish residual income usually through a turn-key operation . A good example of turn-key is the McDonalds franchises. The same way the french fries are cooked in Brooklyn, New York is the same way they cook them in Tokyo, Japan. This is one of the most effective ways to have a profitable business not only in America, but all over the world. I am fortunate to be a successful business associate with a fast growing company that is doing the same. http://www.doforself.myecon.net
The final section of the Cash Flow Quadrant is the most lucrative, and is the fun part. The letter represented here is ‘ I ‘ which stands for investor. Any one ever heard of Warren Buffet ? Here is where your money is utilized by you to make more money. The keys to financial freedom is to first start a business that you can leverage, second apply wise financial strategies by minimizing taxes, eliminating debt, maintaining good credit status, and third invest wisely invest to benefit from the amazing power of compound interest. You too, can travel the road of employee to entrepreneur and meet me at the top of the financial Mount Everest.
Tyrone H. Muhammad
Executive Vice President
Do For Self Enterprises
