Page 43 - Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money

For those who may not have read my second book in the Rich Dad
series, Rich Dad’s CASHFLOW Quadrant, I will briefly explain. The

CASHFLOW Quadrant is about the four different groups of people who
make up the world of money.

E stands for employee.
S stands for small business, self-employed, or specialist.
B stands for big business, 500 employees or more.

I stands for investor.

For people whose career path is in the E quadrant, they may not think
they need much financial intelligence. The same is true for those in the S
quadrant.
My poor dad, as a schoolteacher in the E quadrant for most of his life,

did not place much value on financial intelligence. That is until he lost his
job and entered the world of business. In less than a year, his savings and
retirement were gone. If not for Social Security and Medicare, he would
have been in serious financial trouble.

My mom, being a nurse, wanted me to become a doctor. She knew I
wanted to be rich, and the richest people she knew were doctors. She
wanted me to stake my claim in the S quadrant. Obviously, those were the
days before malpractice insurance costs went through the roof. Again, being

a nurse, she did not see much need for financial intelligence. Her solution