Job change or quadrant change?
Because of the unemployment crisis and rising cost of living, many people are going back to school or getting trained in a new profession so they can find a better job that pays more money. They are motivated by a dream of financial security and prosperity. They sign up for classes, buy and read books, spend time studying, then go out and put their new skills to work at a job, internship, or self-employed business. They invest time and money now for an expectation of future income. This is the strategy for increasing one's income on the E and S side of the CASHFLOW Quadrant.
Ironically, the process is not much different for someone who wants to move into the B and I side of the quadrant. You're motivated by a dream of financial independence and prosperity. You take classes, buy and read books, spend time studying, then go out and put your new skills to work. You invest time and money now for an expectation of future income...passive income.
There are also ways that becoming an investor or entrepreneur are different from those seeking a new profession. First, your goal is not to work for more money, your goal is to get your money working for you. Instead of looking for a better job you are looking for assets that generate passive income. Secondly, with a profession change you are investing time and money to work for someone else. When you invest in your financial IQ you are investing in yourself and your ability to generate income without relying on an employer.
So the bottom line is this: If you're going to invest the time and money to learn something new, learn how to operate on the B and I side of the CASHFLOW Quadrant. Same investment required, but with a better payoff!
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