Cashflow Quadrant For Internet Marketers - An Update on Robert Kiyosaki's Cash Flow Concepts Best Education Page #Online Earning

hey miles Becker here miles Becker calm

and in this video we are going to look

at Robert Kiyosaki's cash flow quadrant

model specifically looking at how that

kind of effects or works with you moving

into internet marketing so if you're not

familiar with the cash flow quadrant

idea it's from his book from Robert

Kiyosaki because the Rich Dad Poor Dad

guy and from his book the cash flow

quadrant and in it he's got this little

diagram I'm gonna draw it out for you

real quick

and it's essentially there's four

quadrants right the first one is

employee the second one is self-employed

or solo practitioner the third one is

business and the fourth one is investor

right so it goes from employee

self-employed business owner and

investor so what happens with internet

marketers is this changes a little bit

because he's talking about businesses

being essentially like 500 person

companies and then the solo practitioner

is down here and the specialists are

like doctors and whatnot now I really

like this concept and it's great for

most people who are kind of in a more

traditional lifestyle but for us working

online and building our businesses

online there's a little tweak to this

cashflow quadrant that we can do that

make sure progression through these a

lot smoother and it helps you understand

where you're at within the quadrants so

you kind of know what's next for you to

move forward so the first one right

employee that's where we all start when

I started my make money online career

and started my kind of internet business

if you will I still had a job and I

tried to quit my job once and that

totally backfired in my face I lost all

my money

sold my car trying to keep the dream

alive if you will

went through all of that money the

business still wasn't making enough for

me to be full-time anymore I ended up

having to move back into the parents

house at about thirty years old with my

wives and my parents lived in a really

small house so it was mildly awkward I

mean totally grateful for their help and

their willingness to help us but that

was a very humbling experience so what

did I do

I became an employee again I went out

and I got a job and I worked my ass off

on the sides nights and weekends so if

you're right here

and you have a job what you want to be

doing is side work right so side hustle

is what I'll call it so you gotta get

your side hustle going first and

foremost and that can be your first

funnel it could be your first authority

site it could be whatever your first

kind of web based business is you want

to be doing that on the side as you're

an employee now something really cool

happens here the money you're making

here you're already paying taxes on

right but when you get a good CPA on

your team you're gonna realize that the

money you spend here can actually come

out of taxes you're already paying so

you can end up getting a little bit more

net money because your cellphone your

home Internet and some of these your

your web hosting your thrive themes you

know all of these individual components

that you purchase your Facebook Ads all

of that's deductible against what you're

already earning online obviously if

you're not making that much your job

that's not gonna be a gigantic help but

if you do have a hundred hundred fifty

thousand dollar job this can actually be

a net benefit to you right out of the

gates so your learning curve and those

expenses of learning how to make money

online can really actually offer you

some very direct benefits if you've got

a home office your cell phone your home

internet travel to conferences the

expenses of conferences new cell phones

because you've got to do videos like

these etc okay moving right along and

obviously talk to a CPA I'm not a CPA

but you want to have a great CPA on your

team so what happens right you're you're

working on your side hustle as an

employee for a while you keep going with

this and eventually you're gonna get

down to the point where you're

self-employed now for me this took a

very interesting twist right my side

hustle was creating about 50% of my

income I needed to truly live online to

truly live off of the income I was

making online excuse me

so what I ended up doing is I was kind

of documenting my process and what I was

doing on the side in a very small way on

social media I was showing screenshots

of traffic of analytics of my Facebook

campaigns of my subscribers and what

happened was really interesting people

in my network and friends of friends

from my network started reaching out and

saying hey miles I've got a yoga

and my website sucks can you help me out

or hey miles I've got this little design

business and my visitors aren't getting

any traffic can you help me out and at

that point something really special

happened and I continued working on my

side hustle here for fifty percent I was

able to replace my day job with client

work I began what was essentially a

small agency I was doing WordPress

development for people which is

incredibly simple stuff by the way and

it's all of the skills I was learning

through my nights and weekends in my

during the employee phase right so

everything I learned here I started

selling at an hourly rate down here and

what that did is it allowed me to get

out of my employees situation more

quickly because fifty percent of my

income was coming from my side hustle

and then the other fifty percent was

coming from client work and at that

point I was able to get out of my job

and I moved to a new location and I was

fully self-employed now a couple of

things happen here the self-employed

phase first and foremost you absolutely

take it on taxes it's crazy to me I

don't fully understand why it works in

this way but as a self-employed

individual you pay self-employment tax

which is literally like an extra fifteen

or eighteen percent and it is the

highest tax level that I think you can

ever actually get to if you're making a

lot of money and you're self-employed

you're probably paying the highest rate

of tax you possibly can we'll talk about

the answer to that here in a second but

the another thing happened is more of my

life became tax deductible right more of

my life of both of these right because

now I'm outsourcing services I'm hiring

developers and a lot more of what I'm

spending in my business is able to be

written off so even though I was paying

more in taxes I was keeping my overall

income relatively low because my

expenses for my business went up so I

operated here in the self-employed realm

for about two years I was building

WordPress sites

I was selling marketing services

essentially everything I was doing for

my side hustle that was working I was

then offering to clients

doing those things for between 25 and 75

dollars an hour I built my first web

WordPress websites for people for

literally like $200 I would build

WordPress sites kind of in my prime for

about $1,000 to $1,500 each it would

take me somewhere from four to six hours

if they would supply the content which I

always tried to have them do and if you

break that down it turns out to be you

know 200 bucks an hour 150 bucks an hour

for that kind of work and I learned all

of that from my side hustle right so

this is an evolution is what I'm showing

you and I'm trying to help you

understand the evolution that's possible

for you and you might already be down

here and figure out where you fit in and

let's take you to the next level so

after running it this way for a while I

kept working on my side hustle and at a

certain point the income from my side

hustle increased beyond what the other

income was making for my self-employed

from selling services and another thing

that's important to remember in this

self-employed side of things is you

still you're still an employee right you

don't have a boss but you have clients

and client work can be very difficult

because clients can be needy they have

emotional needs they're in they're out

they lose contact they pay you one week

they don't you have to chase down the

money and it brings its own kind of

level of stress now I'm thankful for my

time in that role in doing client work

it got me even more experience in a

condensed period of time and what it

really did is it freed up a couple of

hours every single day my commute time

was gone right I didn't have to commute

I work from home at that point and also

my lunch time I pretty much work from my

desk right so it really made my

lifestyle value like the the enjoyment

in my lifestyle went up significantly

and I found that I had an extra ten

fifteen hours per week that was kind of

getting sucked up by my Jo B and not

actually producing income for those

hours and I was able to turn those into

income producing hours so it was a great

step for me so where do we go from there

from the self-employed part we go to the

business level and this is where the big

difference is from Robert Kiyosaki's

cash flow quadrant and mine he says that

this is big business like 500 plus

employees and I'm all about

employee businesses to me the B level is

when you have systems right so this is

all about having business systems not

necessarily large amounts of employees

that make sure that your business which

once was a side hustle continues running

efficiently with or without your input

now one thing I know you've seen in my

videos is the fact that I'm all about

you doing something you love because

when you love it you're gonna wake up

you're gonna be stoked to do it you're

gonna put out more content and it's

gonna be fun and when it's fun you do it

but with that said it's still really

important to focus on creating business

systems that will guarantee you

long-term success with or without your

efforts and without your inputs in case

you want to take a month off in case you

want to do a vacation in case you're

just wanting to explore a new hobby or a

new passion or start another project so

for me right now this is where I'm at is

in this kind of business level I have a

team of customer service representatives

I have a developer I have multiple

designers on my team and a lot of my

business is maintained from them and

their efforts and if I walked away right

now for my business and my wife walked

away from our business right now I

guarantee you our cash flow wouldn't be

that negatively affected we would make

an incredibly comfortable full-time

income for six months to a year to two

years with literally zero input and

that's where we're at now and this is a

really magical place to be so at this

point we have a corporation type

structure we're not self-employed

anymore so we've eliminated that

self-employment tax we have people and

systems doing work for us these are

contractors not employees it lightens

our liability and it's only specific

task based items that they do most of my

contractors are actually in the

Philippines and it's through the systems

that we've created that generate long

term results for the inputs and for what

we're doing I've also got systems in

place like all my advertising and my

marketing and my funnels that track the

efficiency of all of these items and

essentially what happens is my teammates

know hey

we have a problem on this ad campaign

because you're out of your KPIs or they

know to just let these ad campaigns run

because they're within their KPIs

literally totally hands-off so quick

story we went on the Nomad cruise this

last year I was invited to speak it's a

two-week 14-day cruise from South

America

it's a transatlantic cruise that goes to

Portugal in Europe right so we crossed

the Atlantic Ocean on a boat and there

was 200 nomads and I was invited to

speak about funnels and pay-per-click on

that cruise the internet was

non-existent and melly and I didn't

really care that much it was kind of

like oh well we'd like to put out a

video or two we'd like to email our list

but okay if if there's no internet

there's no internet we're just gonna

enjoy ourselves and make some

connections there were people on this

boat who were freaking out their

businesses were collapsing one girl had

to refund a $7000 coaching client

because she couldn't get in touch with

them enough and the internet wasn't

there and their businesses were flailing

and they were freaking out and that is

just such a good example of being

self-employed and being required every

minute to be in your business and to be

pushing on your business to make any

sort of progress to having systems in

place that really are a business model

that generates income for you and that's

what I'm all about here is teaching you

how to get to this point and once you're

there here's what's really cool is you

can move into the investor side of

things and this is where you can take

the cash flow that you're making here

and you can put it into houses oh man my

my writing is getting good put into

rental houses you can put into index

funds you can purchase assets

specifically I'm talking about web

assets right so you could actually go

buy profitable websites you'll buy

affiliate sites you can build a

portfolio of web assets with the money

you're making here so if you make

$400,000 in a year you don't necessarily

put $400,000 in profit and pay taxes on

that you spend a hundred K on some web

assets and then that comes off as an

expense and you get cash flow long-term

for buying these web assets or you put

some money in your IRA into index funds

and you get the slow long term growth

or you start buying rental houses and

you're putting the money in upfront and

you're getting some leverage from banks

and you're getting the long-term

cashflow growth it's all about taking

this income that we're making from our

web-based businesses and turning it into

other kinds of assets that we can

leverage for long-term cash flow and

that my friend is my take on the

cashflow quadrant idea specifically

tailored to us as internet marketers and

kind of the the solopreneur ideas here

on the web it's a new idea you know when

he made this cash flow system in the

late 90s really the systems weren't in

place like the internet was around sure

there were people making money online

but it wasn't as easy as it is today

so that's my update on his system thank

you very much for your time I do

appreciate it click the like button the

thumbs up here in YouTube if you enjoyed

the video

I enjoyed sharing this concept with you

figure out where you fit in on here what

stage you're at and what stage you're

moving towards leave me a comment let me

know where you're at and if you have any

questions about how to bridge the gap to

the next phase leave me a comment I'm

happy to answer your questions in the

comment and finally if you have not

subscribed please do because I got some

cool stuff down coming down the pipeline

for you and I will see you on the next

video thanks for your time

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