Friday, 16 July 2010

Money Mind and mindset

The diagram below is the CASHFLOW Quadrant.
E For employee
     S for self-employed
      B for business owner
 I for investor     

Most people still feel more comfortable spending more time and effort in E or S quadrant as staying in this quadrant will rarely cause them to lose money. Losing hard-earned money is a real pain in the neck.
 
Many will still try I quadrant; but soon they realize it is not as easy as they initially thought. So after a long while, they finally realize that they are not making any real progress but in fact losing more money than expected. Finally, they either give up or totally lose confidence in I quadrant and don't believe anymore that I is the way to go for them. They think it is still better to spend more time and effort in E or S.
 
B is reserved for who has that entrepreneur spirit.

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