In Rich Dad’s Cashflow Quadrant (our previous blog post here) book, it talked about the 4 elements of the quadrant: Employee, Self-Employed, Business, and Investor. Afterwards, we received quite a few inquiries asking for clarification on the difference between Self-Employed and Business, so we decided to dedicate this post to drill down on these 2.…
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Buy Toys with Passive Income
For most of us who work a full time 9-5 W2 job, it is quite common to use our earned income, or sometimes called active income, for spending, whether the spending is for survival or for pleasure. There is nothing wrong with this model, and as a matter of fact, this may be the only…
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Business Credit for Real Estate
You may have heard of the phrase, “It makes money to make money.” We at DoorInvestor do not necessarily disagree with that philosophy, but like Rich Dad said, you can use OPM (Other People’s Money). Let’s face it, if you are working on your real estate portfolio, or any portfolio as a matter of fact,…
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I Can’t Afford It
We have blogged about Rich Dad in quite a few posts previously, but we saved this concept to blog separately because it is such a powerful mindset shift. When you want to achieve it something in life, like if you want to buy a real estate as an investment, or go to a basketball game,…
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Rich Dad’s CashFlow Classics Game
If you are a fan of Rich Dad, you probably have played the Cashflow 101 or Cashflow 202 game before. They both were created by Rich Dad and the goal of Cashflow 101 is to teach about the concept of passive income; while the goal of Cashflow 202 is to teach about advance investment strategy.…
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Rich Dad’s Financial Lessons from a Cow
We recently came across an article written by Robert Kiyosaki, titled “Financial Lessons from a Cow.” It is very insightful (as always) and we would like to share the article with all of our readers at DoorInvestor. Instead of paraphrasing though, we are simply attaching the entire content in its original format, with credit to…
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The Review of Rich Dad’s Guide to Investing
Rich Dad’s Guide to Investing is the third book in the opening series of Rich Dad, Poor Dad. This third book gets a little longer and a little more technical. At DoorInvestor, we feel that if you can read through these first 3 books from Rich Dad, you definitely have done your part and you…
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Passive Income vs. Active Income
One of major reasons why anyone would be interested in investing in real estate is for the passive income. Even though a lot of money think “money is money is money is money,” the way you earn that money dictates whether it is considered passive income or active income. Active Income Active Income is defined…
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Residential and Commercial Real Estate (CRE)
We are all familiar with the term “single family” or “SFR” (which stands for “single family residence”). In the real estate investment world, we may hear the terms “residential real estate” or “commercial real estate” (CRE) get thrown around. We are going to explain these 2 terms in this blog post. Residential Real Estate Residential…
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I Love My Job
People may say “I Love My Job” for many reasons. When referring to the term “job,” we are talking about the 9-5, W2, full time job; the one that you are trading your time for your salary, that most of us are engaged to at the moment. There is absolutely nothing wrong when someone says…