Bonus FAQs
Unfair Advantage
259
258
FAQ
Is the I quadrant where you find most of the financial corruption?
Short Answer
Yes.
Explanation
The I quadrant breeds financial corruption.
This is where Bernie Madoff lived. He was never really a B-quadrant
entrepreneur. He
was an I-quadrant entrepreneur, a guy who pulled off
the second-biggest Ponzi scheme in history. The biggest Ponzi scheme
of all time,
in my opinion, is the U.S. government’s Social Security
program, also an I-quadrant scam.
Many small entrepreneurs break the laws of the I quadrant out of
ignorance. They raise money when they do not yet have a business—
when they have no business raising money.
Simply put, if you are going to raise money in the I quadrant, it is
best that you know how to build a sustainable
business in the S or B
quadrant before raising capital. This is also why rich dad required
me to take real estate investment courses. He wanted me to practice
using a banker’s money to fund my real estate business. He wanted
me to use a bank’s
money before I used OPM, money from friends
and family, to fund my businesses.
As rich dad often said, “When you lose a person’s money, you lose a
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