Why 7k Metals?: The Cashflow Quadrant
I recently read a book by Robert Kiyosaki called, “The Cashflow Quadrant”. It was eye-opening to me because it helped me to understand in a simple and logical way how people make money and which ways are more prosperous. It just so happened that right after I read the book, I found 7k Metals. I was looking for opportunities to invest my money as well as starting a business. 7k offered me both!
As you may or may not know(depending if you read the book), there are four different types of cash flow that one can pursue. You can be an employee, self-employed, business owner or investor. In the book, Mr. Kiyosaki demonstrates that pursuing the options on the right side of the quadrant are better in the long run.
Currently and for the past twenty-five years I have been in the employee quadrant. Like most people, I chose to be there because it is low risk, stable and requires less effort to get started and it has helped me take care of my family and I. All good things. But, as Mr. Kiyosaki explains, it is hard to become wealthy working for someone else. Eventually, I won’t be able to work and it will be difficult to maintain the same standard of living.
What I thought was surprising but made sense is that self-employed was not an ideal quadrant. I think it is better than the employee quadrant because there is generally more control over how much money you make but what it has in common with the employee quadrant is that you are trading your time for money. The type of self-employed people are doctors, real estate agents, contractors, etc. They definitely make good money, but many would agree that their business requires a heavy demand of their time. They must be constantly involved in running their business which has limitations to their lifestyle and income.
I have always wanted to own a business but had difficulty getting things started without going broke for the first few years. The average small business takes about a $50,000 investment. The book highlighted that becoming a business owner was highly rewarding in the long term because you eventually can make money while you sleep. It just required effort in the beginning along with finding the right people. 7k Metals provides many things to get started such as product, training, business structure, promotional materials and mentors. Things that most entrepreneurs have to create or find on their own. 7k only requires a small monetary investment to get started.
What makes the 7k Metals opportunity uniquely incredible is that the product is an investment in precious metals. Many businesses require an investment into products that generally have depreciation such as food, vitamins, clothing, etc. SIlver and gold have a great track record of increase in value. Your inventory becomes one of, or the biggest asset you have. 7k provides and educates you about getting the best choices of gold and silver products that will help to increase your net worth.
After reading “The Cashflow Quadrant” I knew I wanted to be in both right side quadrants and 7k was the perfect opportunity to do both. I know that as I buy my coins and share the business with others that I can truly be financially independent one day like others have before me.