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  • Rich Dad's CASHFLOW Quadrant
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★★★★★
Robert T. Kiyosaki
Entrepreneurship
Financial Freedom
Rich Dad Series
Job Security
Financial Future
Taxes
Control

Rich Dad's CASHFLOW Quadrant

Rich Dad's Guide to Financial Freedom

Playlist Overview

Conventional accounting uses the logical (albeit, flawed) formula: Sales - Expenses = Profit. The problem is, businesses are run by humans, and humans aren't always logical. Serial entrepreneur Mike Michalowicz has developed a behavioral approach to accounting to flip the formula: Sales - Profit = Expenses. Just as the most effective weight loss strategy is to limit portions by using smaller plates, Michalowicz shows that by taking profit first and apportioning only what remains for expenses, entrepreneurs will transform their businesses from cash-eating monsters to profitable cash cows.

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Episode:
S1E21 - The Founder Of The Ultimate Knife: Ladislao Mandiola AKA Lad - S1E21
Podcast Episode:
Recommened By:
Ladislao Mandiola
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