In Episode 054, Jack has invited Dr. D Anthony Miles back to the show to give an overview of the concept of the Cash Flow Quadrant advocated by Robert Kiyosaki. Part I will focus on the implications and ramifications of the right-hand side of the Cash Flow Quadrant (i.e. the Business Owners and the Investors).Take a look on the "Right" side of the CFQ"The right side of the CFQ that you want to be is "B" which stands for business owners and "I" which stands for investors. Your income does not equal time or time does not equal money. Rather that means that you have more passive income as a positive linear income. When you think of it like someone works for our system is the system. A business owner owns the system and investor owns a system but in a different way as he invests in a system that works for them."Bs & Is have multiple streams of income"When you're a B or an I, you have multiple streams of income. You're not dependent on one income. Remember we said that the Bs and the Is do not rely on one revenue stream. When you get laid off, does your revenue dry up so you have no backup. The Bs and Is know that they invest in different projects and when they invest in different projects, they are business owners."Three Types of Leverage"There are three types of leverage - other people's time, other people's money and other people's talent. When you use other people's talent or the people that work for you would use other people's time, that's time that you're not using your own time but using other people's time and when you use other people's tools and resources, we use other people's talent and resources. So that's the really strong differences between the Es and the Ss, and the Bs"Want to know more about D? Twitter: https://twitter.com/DAnthonyPhDLinkedIn: https://www.linkedin.com/in/danthonymilesEmail:
[email protected]Website: https://www.mdicorpventures.comAmazon: https://www.amazon.com/D.-Anthony-Miles/e/B006JRNDVQDid you like what you heard?If you liked this podcast, please leave a review on iTunes! Click here to discover the iTunes page.Did you know that Cracking the Entrepreneur Code Podcast Show is on Apple's Podcast app?* Launch Apple's Podcasts app.* Tap the Search tab.* Enter "Cracking the Entrepreneur Code".* Tap the blue Search key at the bottom right.* Tap the album art for the podcast.* Tap Write a Review at the bottom.If you found value in this episode, assist your friend and share this episode on Social Media.Like it? Take a second to Support "Cracking the Entrepreneur Code" on PatreonBecome a Patron![tcb-script async="" src="https://c6.patreon.com/becomePatronButton.bundle.js"][/tcb-script]