Posted on September 12, 2022 by TheChillPIL
The daily grind and the hustle life. These are the choices you have when it comes to making a living, paying the bills, and paying your dues.
What if actively making money through a job or gig work or side jobs wasn’t the only way.
The truth is, those really aren’t the only way to make money or to make a living and pay your bills or to build wealth and live the life of your dreams. As a matter of fact, you can make money without even having to actively work for it. You can make money passively by getting your money to work for you or by creating residual income.
Robert Kiyosaki, the author of “Rich Dad Poor Dad”, explains cashflow in what he calls the cashflow quadrant.
Simply put, cashflow occurs through one of the four quadrants: Employee, Self-Employed, Business Owner, and Investor.
So the Employee or E represents a job, the daily grind while the Self-Employed or S represents the hustle jobs. Most of us know fall into one of these two quadrants, if not both, in terms of how we make and accumulate money.
On the other side of the quadrant, you can find the B or Business Owner and I or Investor. This right side of the quadrant represent pretty much everything this website TheChillPIL is about. TheChillPIL is about making money passively through systems and investments.
Keep in mind, this is a very over-simplified view of the entire concept. Passive Income and building passive income requires a lot of time, energy, and resources, including monetary ones, along with patience and persistence and discipline.
So while building and transitioning cashflow to the right side of the quadrant, it is recommended that the left side of the quadrant is still being utilized.
If you haven’t already read the book, Rich Dad Poor Dad by Robert Kiyosaki, I recommend you do so for a wealth of information regarding finance and financial freedom. You can even do so through audible if you prefer to listen than read. If you choose to do so, use my link to help support the growth of TheChillPIL.