From The CASHFLOW Quadrant by Robert T. Kiyosaki, copyright 1998, Warner Books
THE QUICK REFERENCE GUIDE TO WEALTH
	by Alan Jacques*, Inspired by Robert Kiyosaki
		Broke Masses	Successful Middle Class Investor	Rich
1	Who	Employees	Employees and self-employed	Business owners and investors
2	Education	High school or college graduate	* Values education, often college graduate * Attends course and seminars on investing	Values only "street smart" education, often acquired from peers and/or self-learned
3	Major financial goal	To survive until next payday	To build up a significant net worth by age 55 - 65	Freedom
4	Focus	Salary or hourly wage	Net worth	Cash flow
5	Cash Flow Management (CGM)	"How much do I have in my wallet?"	Understands the value of CFM	Understands that CFM is the foundation to all wealth
6	Definition of an asset	A 6-pack in the fridge	Anything that has market value	Anything that produces positive cash flow
7	Home	Would like to own one	One of their most important assets	A home is a liability, not an asset
8	Investment vehicles	* Government pension * Lotteries	* mutual funds * blue chip stocks * real estate: condos, houses and duplexes	* stocks: IPOs as investors and/or key shareholders * real estate: larger profits * businesses
9	Investment sources	The Government	Invests in financial products created by others	Create products and services to sell to the Middle Class and the masses
10	Investment system	Hope	* dollar cost averaging (DCA) * low down real estate systems	* Create their own and/or modify others * Often learn from other rich investors who are their peers
11	Expected rate of return	Get rich quick	12% to 30%	50% to 500%+++
12	Risk	Has no idea how to evaluate	Accepts moderate risk	Most investments are low or very low risk
13	What Works	If it doesn't work, keep doing it	Learn what works and keep doing it no matter what	Keep learning and innovate, innovate, innovate
14	Time horizon	Next payday	Long term	Tailored to each goal and/or investment
15	Real Estate	Would like some	Buy and hold, waits for it to go up in value	"You make money when you buy, not when you sell."
16	Most valuable resource	Paycheck	Investments	Time
17	Why work?	Work for the weekend	Work for money of which 10% - 20% goes to investments	Money works so they don't have to
18	Advisors	Broke friends and family	Financial planners, accountants	Themselves, each other, coaches, selected professionals
19	Resources	TV	* The Millionaire Next Door * The Wealthy Barber	* Rich Dad/Poor Dad * The CASHFLOW Quadrant * The CASHFLOW Game * Robert Kiyosaki tape sets
20	Key indicator event	Savings account with $100 in it	$1 million in net worth	Passive income exceeds expenses
21	Questions & Answers	Don't really understand the distinction	Asks questions and seeks the right answer	Knows there are many answers
22	Delegation	"If you want it done right, you have to do it yourself."	"You can delegate what you don't know."	"If you don't know the fundamentals, you can get slaughtered!"
	* Alan Jacques is president of a successful consulting company in Canada. He is a great teacher of money, wealth, and entrepreneurial business. - Robert Kiyosaki
	copyright 1998 Foxridge Consulting Inc.