Cashflow Quadrant (You need to know this)
Quadrant of work according by Robert T Kiyosaki:
Employee: is an office worker hired by a company, in this quadrant is generally income equal to expenditure, where employee rarely saving.
Self employee: is a job that is a profession or expertise that is usually learned through education and can also arise because of talent. Examples: doctors, writers, singers, musicians, artists and others that require skill or special skills and take a long time to learn.
Business: is the person who creates jobs for himself and others. This work is called business or entrepreneurship. Example: catering entrepreneurs, convection entrepreneurs, agricultural entrepreneurs and others who need experience and capital of course
Investor: is a person who has income without him having to work (passive income), the person only gives his wealth as capital to be invested in a business so that business produces, and investors enjoy the benefits without having to work. Example: buying and selling stocks that already have a large capital from scratch.
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Nice Idea from Robert T Kiyosaki