One of the concepts Robert promotes is his cash-flow quadrant
Obviously, I can’t reproduce it here, but (hopefully quickly) I can try to describe it.
In the upper left is the letter “E” –
Lower left is “S” – for
Upper right is “B” – for business owner
is “I” – for investor
He says that the two left quadrants are for the people who trade time for money and whose money doesn’t work for them if they stop working.
The right two quadrants are for the people who have an asset that works for them (depending upon how well they set it up), regardless of whether or not they are directly involved in day-to-day operations.
I like his basic premise here, but the problem is that he places IBOs, or distributors in an MLM, in the B quadrant – for business owners. And as all of us here have discovered, an IBO really owns nothing. It’s this mislabeling of participants in MLM as “business owners” that, for a man clearly as astute as he is, makes him a sell-out.
I have not read “Ordinary People, Extraordinary Wealth.” Sounds like it needs to be on my reading list. Thanks.