Physicians: Understand the the cash flow quadrant

I owe a lot to Robert Kiyosaki. His book, Rich Dad Poor Dad, actually helped start me on my path to financial freedom, and his other writings have all taught me very valuable lessons. While I don’t agree with everything, he says in every book, one thing that really cemented the idea of passive income in my mind was the concept of the “cash flow quadrant.” This concept is so important and fundamental that I believe every doctor needs to read and understand it as much as possible (for more detail, check out his book, the Cash Flow Quadrant). But since none of us have much free time, let me break down a quick summary for you. The cash flow quadrant Using the concept of quadrants, Kiyosaki talks about different careers and how our current tax structure plays into them. He even talks about the mindsets of different careers, and I think he’s pretty spot on. Continue reading ... Your patients are rating you online: How to respond. Manage your online reputation: A social media guide. Find out how.
Source: Kevin, M.D. - Medical Weblog - Category: General Medicine Authors: Tags: Finance Practice Management Source Type: blogs