Summaries Personal Finance and Wealth Building Mastering the Investor Matrix for Financial Freedom and Wealth

This is a summary of a YouTube video "Rich Dad Poor Dad Lied To You" by Codie Sanchez!

4.7 (65 votes)

Understanding the investor matrix and becoming a master allocator with financial education, knowledge, strategy, and system can lead to achieving financial freedom and generational wealth.

• 💰
  00:00

  Understand the investor matrix to achieve financial freedom.
• 💰
  01:37

  Being an employee doesn't stop you from becoming financially free, and wealthy individuals pursued something unnamed to amass their wealth.
• 💰
  03:06

  Spendthrifts, savers, and general investors have the least financial freedom and knowledge about investing, according to the Investor Matrix.
• 💰
  04:29

  General investors seek financial freedom but often rely on advisors or fall for get-rich-quick schemes without achieving true financial independence.
• 💻
  05:32

  Bench software simplifies tax filing for businesses with monthly P&L statements and tax filing services.
• 💰
  06:41

  C and M investors pay less taxes, invest in passive income assets, and have financial education, knowledge, strategy, and system to achieve their goals.
• 💰
  07:52

  Become a master allocator to achieve generational financial freedom like the truly rich.
• 💰
  09:45

  Increase financial knowledge to gain unfair access to allocations and overcome inflation.

Key insights

• 💰 "Financial freedom and mastery require understanding where you sit in the investor Matrix, which consists of four types of people: employees, self-employed, business owners, and investors."
• 💰 "It is a total fallacy that you can't be a worker and be a billionaire or massively financially free."
• 💸 Somehow looking Rich has become more important than being rich feeling. Financially secure is more important than becoming a master of money.
• 😫 Paying taxes for multiple businesses can be a nightmare, but using software like Bench can make the process easier.
• 📚 Educating yourself on investing, finance, money, taxes, and various asset classes is crucial to becoming a calculated investor who doesn't blindly trust others with their finances and does their own due diligence.
• 📚 The highest level of financial freedom is being a master allocator, where you have the most knowledge and financial education among all investors in the matrix.
• 💡 Understanding how to make money and becoming an expert in the field can give you unfair access to expertise and allocations, allowing others to treat you as an expert.

Detailed summary

• 💰
  00:00

  Understand the investor matrix to achieve financial freedom.

  • Robert Kiyosaki's cash flow quadrant is outdated and misleading, and there are better ways to become financially free.
  • To achieve financial freedom, it is important to understand the four types of people in the investor matrix and where you sit in it.
• 💰
  01:37

  Being an employee doesn't stop you from becoming financially free, and wealthy individuals pursued something unnamed to amass their wealth.

  • Taxation status is just a label and doesn't determine financial freedom, as being an employee doesn't prevent one from becoming a billionaire or financially free.
  • The speaker learned from 124 conversations with wealthy individuals that they pursued something they never named before to amass their wealth.
• 💰
  03:06

  The Investor Matrix categorizes people into four types based on their investment habits, with spender savers and general investors on the left side who know the least about investing, pay the most in taxes, and have the least financial freedom.
• 💰
  04:29

  General investors desire freedom and often rely on financial advisors or get caught up in get-rich-quick schemes, but they never quite achieve true financial freedom.
• 💻
  05:32

  Bench software makes tax filing easier for businesses by creating monthly P&L statements and offering tax filing services.
• 💰
  06:41

  C and M investors pay the least in taxes, invest in assets that produce passive income, and have education, financial knowledge, strategy, and a system to achieve their financial goals.
• 💰
  07:52

  Become a master allocator to achieve generational financial freedom like the truly rich.

  • Master allocator is the highest level of financial education and knowledge in Matrix investing, leading to generational financial freedom.
  • The truly rich have expertise, access, trust, and leverage, which allows them to become master allocators and create financial freedom.
• 💰
  09:45

  To overcome inflation, increase your financial knowledge and expertise to gain unfair access to allocations.