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Sunday, November 20, 2005
The One With the Cash Quadrant 

A few years back, there was a great on the market; Rich Dad Poor Dad. I bought the book and loved it. And last week, I had the opportunity to read Cash Flow Quadrant. Very interesting.

There are actually four types of people (identified by the Cash Quadrant):
Employed (E)
Self-employed (S)
Business (B)
Investor (I)

E and S sit on the left side of the quadrant, where else the B and I sit on the right side of the quadrant.

I used to think that when I retire, it would mean that I was going to work on my own. However, after reading the book, now it seems that when I retire, the idea is to be an investor.

Investing is high risk job. Or it might not be. But the idea is to have your money work for you; with minimal supervision, or none at all. I wasnt really looking at the investing side. What I was looking for was...how to reach my 'retirement'.

Come to think of it, Zen and I, we are quite-not-bad-at-all in our job. I would say, for IT graduates, we are doing pretty well, although we dont make huge money, but we are. And we are livinng and surviving KL City life. So, I would say we're pretty good. However, it just seemed that its still not enough. We still dont have the luxury to have a vacation. And it seemed like it would be so...for next 5 years or so...if we dont do somethingn about it. I questioned it, and the answer would be, "We simply have too many debts" or rather our cashflow is just making ends meet. There's no extras. So what's next? I definitely do not want to remain where I am.

According to Cash Quadrant, the first thing we should start is to be debt free. How to do it? Simply dump the outstandings of the many cards, to at least 2 cards. Then pick one of it, and try to clear it up as soon as possible, while paying the remaining ones at the minimum value. Once one is cleared, start on the other one. Soon, all of your cards would be cleared. Next, is try to push yourself towards the right side of the quadrant. If you wish to start investing, be sure to do some studies.






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