Let`s keep in mind the purpose of this topic. It`s to generate ideas
for people who have a finite block of time to spend toward gaining
money--hopefully an income.
If they are an employee, they have little
time to invest in a startup business. Yet if they start a business,
they typically use ALL their time on the business. That leaves no time
for being an employee. The question is how to get out of the loop.
Regarding my use of the word "construe," in the E/S hemisphere. I don`t
mean that Kiyosaki is pulling the wool over someone`s eyes. I mean that
there are more than one reason why people are an employee. It isn`t all
about trading time for money.
To that end, the person within the quadrant has varying perspectives of
their actions---they can hold as their motivation the time-money
exchange, or hold as their motivation something else. "Construe," in
this context, applies to the underlying motivation and perspective.
For example, as a musician, my interest is in hearing my music "out
loud," and in the enjoyment I get from people who like the music. Same
with being a writer---to see my thinking in a book, and hear people`s
thoughts as they react. The money is of course an important part---at
some point---but not at the start.
So if we construe the E/S hemisphere as being only
about time and
money, then it`s a viable diagram. If we construe employee and
self-employed as being about creating a long-term "thing," then the
exchange formula doesn`t work the same way.
The reason it matters is that many entrepreneurs aren`t initially
starting a business for the purpose of only the money. They don`t see
it as an exchange of time for money. Instead they see it as an
investment, more aligned to the "I" side of the quadrant.
With old-age funding about to go down the drain, one reason a person
starts a business is to have a retirement income. Is that being
self-employed, exchanging time for money? Or is it investing effort in
an idea for the purpose of future returns?
Regarding untruths from the RD,PD book, I don`t know yet. Here`s the topic
, and here`s a site
referenced. I`m not all THAT interested in Kiyosaki so I haven`t yet
pursued the references, but that`s what I meant about the "recent
Another example of unstated premises has to do with how a business
lists their profit. Many business analysts, speaking with an
entrepreneur, will suggest taking the total in materials as a cost,
then the total in manufacturing labor as a cost. Deduct those from the
revenue (and divide up stuff per unit), and you end up with a profit.
But suppose the entrepreneur is also the manufacturer, for instance in
a bootstrapping craft item. Do they pay themselves a salary for labor?
If they do, they net almost nothing from the sale of the item
(initially). But if they don`t pay themselves the salary, they still
get the remainder after materials. So is this a "salary" or a "profit?"
Again, it comes down to how does someone who badly wants to get out of
the "cube farm" start a business? Where do they get the time? It seems
to me, so far, that they either invest a sum of money in an
already-going concern, buy into a business, buy into an MLM or
affiliate system, or they partner with someone who can provide effort