One of the concepts Robert promotes is his cash-flow quadrant

finance money

Obviously, I can’t reproduce it here, but (hopefully quickly) I can try to describe it.

In the upper left is the letter “E” –
for employee.
Lower left is “S” – for
self-employed
Upper right is “B” – for business owner
Lower right
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.

I’ve had other fires to attend to already this week

finance

so haven’t chimed in much on this thread. But I’ve been watching and thinking “hmm, this 15-minutes-a-day stuff might work nicely here too. And Kathy you’re right. It’s very similar to the “change the mindset” involved with Oli. Once that habit is formed, and that mind-set has shifted, it’s easier to stay with it forever. I hate to take on yet another “new thing” this year already, but this one seems pretty worthy. And we certainly need it. Sigh. Where to spend my 15 minutes today?

I am on Day 2/365 of 15 min a day decluttering

finance

Every morning between shuttling kids I have about 20-25 minutes. I used to spend it checking email. I’ve decided I’m going to spend it decluttering, and started with the home “office.”

I have let it go so long that you can barely tell I’ve made a dent, but I’ve gotten rid of a bag of trash, disposed of last year’s unnecessary mail and cleared a path so you can actually walk through it.

More importantly, I’m starting a habit and getting out from under the burden of STUFF just like I am developing the habit of getting out from under the burden of debt.

We are not even debt free yet

finance

and we get a lot of accusations that we are selfish because we won’t abandon the program to give them money so they can vacation, buy non necessities, etc. When we suggest they even read a copy of tmmo we are told it is a scam and that we are fools. Yet look at whose debt is shrinking and whose is escalating out of control.