I have equity fund.
But im also planning, maybe electronics repair.
I’m doing this to increase my cash flow.
How about you?
I am just a developer, nothing else.
Well, that’s because you are on the ‘S’ Quadrant, that’s very sad.
If a person want to get rich, he should read the book “Cash Flow Quadrant”, I’m not promoting that book but it s a good book.
It will educate people financially.
I’m now both on “S” and “I” quadrant but I want to establish also the “B” Quadrant.
Anyway I’m currently focusing myself on increasing my “Assets”.
Here is a good prelude of Robert Kiyosaki,
<snip/>
Well, that is not the answer I expected. I am sure if you google my user name enough you can find my real name. From there you could easily find the company I sold for 7 figures 3 years ago.
I code because I like it, not because I have to.
@dh42 ;
If your source of income is from web development alone, then you can’t amaze me.
Unless you increase your assets.
I think you are confused. There is a difference between income and wealth.
I live off of what I make from web development. I invest what I made from selling my company.
I confused this post for being one of those affiliate marketing posts, or a domain flipping posts. That is why I responded. I didn’t really think it was going in this direction.
@dh42 ;
I’m also a programmer/web developer it’s my passion.
But I don’t want to be stuck as a programmer forever.
Just to enlighten you.
Programmer = You work for the money. (E Quadrant or S Quadrant)
Investor = Your money will work for you. (I Quadrant)
I’m not confused I think you are.
If you want to understand what I’m talking here, better read the book —> "Cash Flow Quadrant " by Robert Kiyosaki.
I started this thread because I want to know how financially literate the people here.
Solidcodes, you started this thread asking a very simple question, then followed up with a response that sounded totally out of place and made absolutely no sense.
The original question had the potential to turn into an interesting discussion, but you just torpedoed that with all this “get rich quick” nonsense.
I don’t think selling a company is a good idea.
Isn’t it a business (your company) should give you passive income and will make one of your asset.
How much do you earn from selling your company then?
@Force_Flow;
It’s just an opinion dude.
I’m just sharing my thoughts.
Huh? Again, you’re not making a any sense. You’re including things that nobody else is talking about.
@Force_Flow ;
Please read again the post of dh42.
I see.
I think you threw this whole thread out-of-whack by going off on a tangent about some random “get rich quick” personality. Can you bring this thread back on track?
@Force Flow
No, It is still on track.
Yes the question is very simple but it focus on “Assets”.
Now if you don’t understand what assets is then please read financial books.
By the way this is not all about “Get-Rich-Quick”, this is all about financial literacy.
very sad no one understood me.
“Quadrants” are not standard financial terminology. Those appear to be specific to the author that you mentioned. Your second post in this thread made no sense in response to dh42’s simple answer to your original simple question.
By the way this is not all about “Get-Rich-Quick”, this is all about financial literacy.
The book you recommended is by no means a standard introduction to business finance.
very sad no one understood me.
The reason nobody else understood you is that you are not using standard terminology and are not being very clear as to what your point is. You jumped from a single, simple question to something extremely specific from a specific author with very little connective tissue. Are you trying to ask something about this specific author/book?
Is “assets” not a standard?
Is “cash flow” not a standard?
Is “passive income” not a standard?
Is “equity” not standard?
You completely missed the all of the points in my post.
[ot]This thread is way off track.
It started with a question about “other source of income” and then evolved into a criticism of someone else’s business decisions using a shady "expert"s spiel as the criteria.
Please let the thread get back on-topic.[/ot]
I think the reason I used Robert Kiyosaki’s book as an example because that is the best book I can think of to educate people financially.
Okay let’s go back to topic.
Professionally i am software developer,but i am not getting enough money from my field,that’s why i choose Share market field,i know there is a risk for investing a money for share market,nut i studied lot of article which help me to invest best profitable shares.