Question
Kiyosaki's approach to acquiring assets, which emphasizes on passive income and long-term residual income, has influenced corporate strategies and business models in several ways. Many businesses have adopted models that focus on creating assets that generate passive income. This could be through investment in real estate, stocks, or other income-generating assets. Additionally, businesses have also started to focus on long-term residual income, which ensures a steady flow of income over a long period of time. This approach has led to a shift from traditional business models that focus on immediate profits to models that prioritize sustainable and long-term financial growth.
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Kiyosaki's Rich Dad mentor taught him to focus on passive income and spend his time acquiring assets that provide passive or long-term residual income. Remember, most of the people giving financial advice are themselves stuck in the E or S quadrants, so choose your mentors carefully. Look for people in the investment and business quadrants.
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