Whatever It Takes and Robert Kiyosaki - Young Hustlers | Summary and Q&A

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October 16, 2014
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Grant Cardone
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Whatever It Takes and Robert Kiyosaki - Young Hustlers

TL;DR

In this video, Grant Cardone and Jared Glant discuss Robert Kiyosaki's book and the four cash flow quadrants, giving insights into how to get ahead financially.

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Questions & Answers

Q: What are the four cash flow quadrants described by Robert Kiyosaki?

The four cash flow quadrants are Employee, Self-Employed, Business Owner, and Investor. Each quadrant represents a different mindset and level of financial independence.

Q: What should millennials be aware of regarding retirement?

Millennials need to take charge of their retirement savings and prioritize financial education. They should not rely solely on traditional retirement plans and instead invest in themselves and seek opportunities to build wealth.

Q: How does Grant Cardone view being an employee?

Grant Cardone believes being an employee is not inherently bad but emphasizes the need to strive for financial independence regardless of the quadrant one finds themselves in. He mentions that even the Pope is an employee of the Catholic Church.

Q: How does investing in oneself relate to the four cash flow quadrants?

Investing in oneself is crucial in moving from the Employee or Self-Employed quadrants to the Business Owner or Investor quadrants. It involves developing skills, acquiring knowledge, and taking calculated risks to create passive income streams.

Summary & Key Takeaways

  • Grant Cardone and Jared Glant discuss Robert Kiyosaki's book, "Rich Dad Poor Dad," specifically focusing on the four cash flow quadrants described in the book.

  • They emphasize the importance of taking control of one's financial destiny and highlight the distinction between the "whatever" people and the "whatever it takes" people.

  • The conversation also addresses retirement concerns for millennials, arguing that investing in oneself and focusing on financial education can lead to success.

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