Piggybank News

July 7, 2011

Where Do You Fit In the ESBI Quadrant?

http://richdadscoaching.rsys1.net/servlet/cc6?jpJoQSSCQUVgpsspxgkijLkhmjJLkQJhQmsVaVRVGzc2VSSUT

It was some years ago that I was given a copy of Rich Dad Poor Dad by my (very poor) dad for Christmas.  I passed it on to my husband and that is pretty much how our property portfolio began.  If you haven’t read the book I highly recommend it.

One of the useful concepts introduced in the book is the ESBI Quadrant.

Here are what the letters in each quadrant represent:

E
mployee: Employees earn income by working for other people.

S
elf-employed worker: Self-employed people earn income by working for themselves – they own their jobs.

B
usiness owner: Business owners earn income from the businesses they own

I
nvestor: Investors earn income from their investments – from money generating more money

Everyone is at least on one spot of the quadrant. Generally speaking, people in the B and I quadrants reach their financial goals more quickly than people in the E and S quadrants. The good news for you, if you inhabit the E an S sections of the quadrant, is that you don’t have to be stuck there.  Indeed, Robert Kiyosaki contends that if you want to be financially free you have to move to B and I quadrants.

Changing quadrants means altering who you are, how you think, and how you look at the world.

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