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☆ A 30 year old with a $1 million net worth explains the 4 steps that got her there
▼ + stars: | 2024-09-12 | by ( Business Insider | Stephanie Hallett | ) www.businessinsider.com time to read: +8 min

She also traveled the world for two years and learned to make money without a day job. AdvertisementShortly after returning from Europe, Tseung began investing and using her skills to build multiple sources of passive income. She now teaches others how to manage their finances, invest, and build passive income through on her blog and her accounts on YouTube, TikTok, and Instagram. This book taught her to make money work for her instead of working for money. For me, it's to continue being impactful and building my brand, teaching people how to build passive income and become financially free.

Persons: Sharon Tseung didn't, —, Sharon Tseung, Tseung, doesn't, Timothy Ferriss, Rich Dad, Robert T, it's Organizations: Service, University of California, Business, YouTube Locations: Berkeley, Europe

See how we rate personal loans to write unbiased product reviews. One way my husband did that was by consolidating his loans to get out of debt. Back then, I had a decent credit score and about $18,000 in student loans, and he had a poor credit score and about the same amount in consumer debt and car debt. Here's what we did to tackle Marshall's credit score and debt ratio before officially tying the knot in January 2021 and eventually buying a home. It turned out a few inaccuracies were holding back his credit score, and he was able to get them deleted with just a phone call.

Persons: —, Marshall, Rich Dad, Robert T, JL Collins, Dave Ramsey, Chris Hogan, Christopher R, Jarvis, David B, Mandell, Gary John Bishop, we've Organizations: Service, Business, Nationwide

☆ I read a 27-year-old cult classic considered one of the most popular money books of all time. Here are my 3 main takeaways.
▼ + stars: | 2024-07-07 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

I first reported on Robert Kiyosaki's "Rich Dad Poor Dad" back in 2015. — part assignment (I recently started reviewing popular money books) and part convenience: "Rich Dad Poor Dad" was gifted to me a few years back and happened to already occupy my bookshelf. His poor dad earned a substantial income but always struggled financially; his rich dad became one of the wealthiest individuals in Hawaii primarily by running businesses. While rich dad wasn't educated in the traditional sense, he understood money — and agreed to pass on that understanding to Mike and Kiyosaki. The former, according to rich dad, will "shut down your brain" and create a "lazy mind," while the latter forces you to be solutions-oriented and get creative.

Persons: Robert Kiyosaki's, Rich Dad, I'd, Dad, What's, It's, he's, Mike, Kiyosaki, wasn't, —, Kiyosaki isn't Organizations: Service, Business, Stanford Locations: Hawaii

☆ Stocks, Real Estate Will Crash When 'Everything Bubble' Pops: Kiyosaki
▼ + stars: | 2024-04-10 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Robert Kiyosaki warned an "everything bubble" spanning stocks, bonds, and real estate would pop. The "Rich Dad Poor Dad" author touted gold, silver, and bitcoin for riding out the storm. "The EVERYTHING BUBBLE, stocks, bonds, real estate SET to CRASH," he said in a recent X post. Please buy more real gold, silver, Bitcoin." The Rich Dad Company founder's latest crash warning should be treated with skepticism as his previous ones have failed to pan out.

Persons: Robert Kiyosaki, Dad, —, — he's, bitcoin, Rich Dad, founder's, Kiyosaki, Lehman Organizations: Service, Nasdaq, Federal Reserve, Credit Suisse, UBS Locations: Swiss

☆ Robert Kiyosaki, David Einhorn, and Gary Shilling are all worried about inflation — and so is the Fed
▼ + stars: | 2024-04-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The central bank's current chief, Jerome Powell, is yet to defeat his mythical beast — and Wall Street is getting worried. Powell warned on Wednesday that the Fed's fight against inflation isn't over after annualized price growth accelerated to 3.2% in February. AdvertisementRaising the alarmBank of America analysts have suggested that stubborn inflation could mean the Fed doesn't start cutting rates until March next year. It's no wonder, then, that investors are waiting impatiently for the Fed to cut rates. Fundstrat's famously bullish boss, Tom Lee, proclaimed this week that it's dropping "like a rock" and the first rate cut is still likely to be in June.

Persons: —, Paul Volcker, Jerome Powell, Powell, Greenlight Capital's David Einhorn, Einhorn, Greenlight, Dad, Robert Kiyosaki, Gary Shilling, Julia La Roche, We've, Merrill Lynch's, they've, Shilling, It's, Fundstrat's, Tom Lee Organizations: Service, Federal, Business, of America, CNBC, Trust, Wall Street, Fed

☆ I quit my blue-collar job and grew 2 ecommerce brands to over $1M in revenue. I finally have financial freedom.
▼ + stars: | 2024-03-01 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

I commuted two hours a day to a dirty, physical job and felt unfulfilled. E-commerce fit all these requirements, but besides selling digital albums on iTunes, I had zero experience trying to sell anything. I got started on YouTubeOne night, I found a nearly five-hour-long YouTube video tutorial on private-label brands by Dan Vas. AdvertisementI looked for products to sell that had a balance of great sales potential and low competition. Try not to fall victim to shiny object syndromeAt the beginning of my e-commerce journey, I started three other brands that didn't pan out.

Persons: —, Sydney Bencriscutto, Dan Vas, Dad, Robert T, Ryan Stephens Organizations: Service, Business, iTunes, YouTube Locations: Milwaukee

☆ I Spent Years Working for My Dream Job at JPMorgan, Only to Quit 2 Years Later
▼ + stars: | 2023-11-27 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Xaviera Ho, 29, spent years working towards her dream job at JPMorgan. But two years after landing her dream job as an investment analyst, she quit. That was when I realized that I wanted to go to business school and pursue a career in finance. During my four years in business school, I did several finance-related internships, including stints with an investment bank and a hedge fund. The branding, exposure, and networking opportunities that you get from working at a top bank like JPMorgan can be a great booster to your career.

Persons: Xaviera Ho, —, Robert Kiyosaki's, Rich Dad Poor, JP Morgan Organizations: JPMorgan, Service, National University of Singapore Business School, JP, JPMorgan Tech Exchange, National University of Singapore Locations: Ho's, Shenzhen, China, Kuala Lumpur, secondments, Vietnam, Seattle

☆ 39-year-old 'frugal' self-made millionaire says these 4 books helped him get rich
▼ + stars: | 2023-08-22 | by ( Jonathan Sanchez | ) www.cnbc.com time to read: +3 min

I invested in real estate, started a small business, and ultimately became a millionaire at age 37. "Rich Dad, Poor Dad," by Robert KiyosakiBiggest lesson: Wealth is more about time than money. This new mindset inspired me to pursue more passive income streams, like my website and real estate business. "The Millionaire Real Estate Investor," by Gary KellerBiggest lesson: Money amplifies who you already are. In "The Millionaire Real Estate Investor," he argues that money doesn't make people evil.

Persons: I've, Rich Dad, Dad, Robert Kiyosaki, Michael E, Gerber, Gary Keller, Keller, Keller Williams, doesn't, Randy Pausch

☆ Warren Buffett and Michael Burry are ready and waiting for a stock-market crash, 'Rich Dad Poor Dad' author says
▼ + stars: | 2023-08-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett and Michael Burry are waiting for stocks to crash, Robert Kiyosaki says. The "Rich Dad Poor Dad" author pointed to Buffett stockpiling cash and Burry shorting the market. "I just watch these guys waiting for the market to crash then go back in," the "Rich Dad Poor Dad" author continued. As for Burry, he's warned of a historic bubble and predicted the "mother of all crashes." Like Buffett, he's a value investor who specializes in spotting underpriced businesses, and seeks to capitalize on sell-offs.

Persons: Warren Buffett, Michael Burry, Robert Kiyosaki, Dad, Burry, Buffett, Kiyosaki, Berkshire Hathaway, bearish, Buffett hasn't, Goldman Sachs, he's, it's Organizations: Buffett, Service, Berkshire, Scion, Management, Nasdaq, Electric Locations: Wall, Silicon, Coast

☆ 'Rich Dad Poor Dad' author Robert Kiyosaki slams Janet Yellen for trumpeting Bidenomics: 'What is she smoking?'
▼ + stars: | 2023-08-16 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

"Rich Dad Poor Dad" author Robert Kiyosaki took a jab at Janet Yellen for touting Bidenomics. Has she filled her gas tank lately?" The Treasury Secretary on Monday cheered Biden's Inflation Reduction Act for driving economic growth at a time when Americans are financially strapped. "Treasury Secretary Janet Yellin says the IRA Inflation Reduction Act is "turning point" in saving our planet, "what is she smoking?" Has she filled her gas tank lately?

Persons: Dad, Robert Kiyosaki, Janet Yellen, Yellen, Joe Biden's, Kiyosaki, Janet Yellin, rekindling, Kevin O'Leary Organizations: Service, Bidenomics, Reserve Locations: Wall, Silicon, Las Vegas , Nevada

☆ Wall Street keeps booming, but not everyone's convinced the bull market will last. Here's 6 voices of doom and gloom on US equities.
▼ + stars: | 2023-08-04 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +5 min

Here's six bearish views on the sizzling rally in equities, from Warren Buffett to David Rosenberg. From Warren Buffett to David Rosenberg, there's a chorus of market commentators throwing cold water on the fiery stock rally. That's given investors even more incentive to pile into equities, adding fuel to the stock rally. Here's 6 bearish stock market calls amid the stock market's breathless climb. Yet too many signs point to a severe stock market crash.

Persons: Warren Buffett, David Rosenberg, it's, there's, Dow Jones, Oppenheimer, Berkshire Hathaway, Buffett, Rosenberg, Tom Lee, Lee, Robert Kiyosaki, Rich Dad Poor, John Hussman, Hussman, Danielle DiMartino Booth, We're, DiMartino Booth Organizations: Service, Nasdaq, Buffett, Rosenberg Research, Reserve Locations: Wall, Silicon

☆ 'Rich Dad Poor Dad' author Robert Kiyosaki warns of a market 'crash landing' after US credit rating gets slashed
▼ + stars: | 2023-08-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Investors should brace for an epic "crash landing" to hit markets and the economy, Robert Kiyosaki said. The "Rich Dad Poor Dad" author pointed to Fitch's move to slash the US credit rating from AAA to AA+. "Brace for crash landing. Kiyosaki has been sounding the alarm for a steep recession and an epic stock market crash for years, calling for the greatest market crash in world history in 2021. Many economists, meanwhile, are warming to the idea that the US will see a soft landing of its economy.

Persons: Robert Kiyosaki, Dad, Kiyosaki, Rich Dad, —, Fitch, " Brace, He's ramped, didn't, DataTrek, Nicholas Colas, Larry Summers, Warren Buffett, Jamie Dimon Organizations: AAA, AA, Service, Fed, Treasury Locations: Wall, Silicon

☆ Jamie Dimon, Larry Summers blast Fitch's shock US downgrade as 'ridiculous' and 'bizarre and inept'
▼ + stars: | 2023-08-03 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +5 min

Fitch's downgrade of the US government's credit score on Tuesday has come as a shock to markets. Here's how 8 top voices have reacted, including Jamie Dimon, Warren Buffett and Larry Summers. But the decision of a credit rating agency today, as the economy looks stronger than expected, to downgrade the United States is bizarre and inept," Summers said in a post on X. Fitch rating services down grades US credit rating from AAA to AA+. I strongly disagree with Fitch's decision, and I believe it is entirely unwarranted," Yellen said.

Persons: Jamie Dimon, Warren Buffett, Larry Summers, Fitch, Berkshire Hathaway, Treasurys, Buffett, Dimon, Jeenah, Summers, Mohamed El, Erian, Paul Krugman, Krugman, Robert Kiyosaki, Rich Dad, Brace, Janet Yellen, Patrick Semansky, Yellen, Mark Haefele, Haefele Organizations: AAA, Service, Biden, Wall, Berkshire, CNBC, JPMorgan, Allianz, Fitch, AA, Fed, Treasury, AP, UBS Global Wealth Management Locations: Wall, Silicon, U.S, United States, States

☆ 'Rich Dad Poor Dad' author Robert Kiyosaki warns the economy is headed for 'crash landing' - says investors should buy bitcoin, gold
▼ + stars: | 2023-05-19 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +2 min

The "Rich Dad Poor Dad" author touted bitcoin, silver and gold as good investments. Or CRASH LANDING? I say crash landing. Buy gold, silver, Bitcoin. The famed "Rich Dad Poor Dad" author is a frequent economic doomsayer, having previously predicted the worst market crash in world history in 2021.

☆ US stocks climb as Wall Street hopes debt ceiling deal is in sight
▼ + stars: | 2023-05-19 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

US stocks advanced Friday as investors see the potential for a deal that raises the $31 trillion debt ceiling. Stocks were on course for a weekly win with the S&P 500 hitting a nine-month high. Gains on Friday would add to this week's advance that lifted the S&P 500 and the Nasdaq Composite to nine-month highs. Elsewhere in Washington, negotiators representing President Biden and House Speaker Kevin McCarthy were set to continue talks this weekend over lifting the $31 trillion debt ceiling that's needed to avoid a debt default. Bank of America warned on mega-cap tech stocks, saying a "big asset bubble" in growth shares is building.

☆ US stocks close lower after Republicans and the White House hit an impasse in debt-ceiling talks
▼ + stars: | 2023-05-19 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

US stocks fell Friday after talks in Washington over raising the debt ceiling were paused. "We've got to get movement by the White House and we don't have any movement yet," House Speaker Kevin McCarthy said. Stocks earlier this week hit a nine-month high on hopes a debt-limit deal was in reach soon. Republican House Speaker Kevin McCarthy said talks with the Biden administration had reached a standstill. "We've got to get movement by the White House and we don't have any movement yet," McCarthy said at the Capitol, according to the Associated Press.

☆ A real estate investor with a $36,000 salary scaled to 2,400 rental units after buying 2 run-down, single-family homes with a partner. He shares his top 5 tips for getting started with little cash.
▼ + stars: | 2023-05-14 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

They used this process multiple times until they scaled into multi-family properties. Over the years, he took a light interest in real estate after reading Robert Kiyosaki's "Rich Dad Poor Dad." In May 2003, he came across a newspaper ad for two local single-family houses in Tulsa, Oklahoma. Of those units, 20 were single-family homes and 2,403 were within multi-family complexes, according to property records viewed by Insider. He has since sold most of his properties for profit but still owns three multi-family units that hold 471 rental units.

☆ Get ready for stocks and real estate to crash - and the US economy to crater, 'Rich Dad Poor Dad' author warns
▼ + stars: | 2023-03-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Robert Kiyosaki expects stocks, bonds, and real estate to crash as higher interest rates bite. The "Rich Dad Poor Dad" author slammed the Fed for choking growth and eroding the US dollar's value. "Raising interest rates will crash stocks, bonds, real estate, & US dollar," the personal-finance guru and "Rich Dad Poor Dad" author tweeted on Thursday, adding that he expects the vast derivatives market to tank as well. "Saving money & investing in a well diversified portfolio of stocks, bonds, mutual funds & ETFs is risky advice," he tweeted in February. The founder of The Rich Dad Company has been sounding the alarm on an epic market crash and massive recession for more than 18 months.

☆ A real estate investor who owns over 1,000 units shares the 21 investing, personal development, and leadership books that helped him find financial freedom at age 36
▼ + stars: | 2023-03-03 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +14 min

Today, real estate investor Dave Allred has ownership in over 1,250 units across the country. He shared the 21 books that helped him achieve financial freedom at age 36. These books cover real estate and investing, personal development, business, and leadership. In a recent interview, Allred shared with Insider the 21 books — spanning areas such as real estate, investing, personal development, business, and leadership — that helped him find success. This principle is especially close to Allred's heart, since reverse engineering his financial freedom took a meticulous goal-setting process.

☆ I bought a car wash at 22 years old. It basically runs itself — and I make $5,500 in passive income each month.
▼ + stars: | 2023-02-16 | by ( Jenna Gyimesi | ) www.businessinsider.com time to read: +7 min

This as-told-to essay is based on a conversation with Hannah Ingram, a 23-year-old car wash owner based in Tennessee. I decided to buy a coin-operated car wash in Tennessee years later because I was looking for a passive income stream. The car wash I bought was already running and profitable when I bought it. I tell people to buy a car wash, not build one, because odds are good that an existing car wash already has a healthy amount of business. It can be a dirty job, so I don't recommend buying a car wash if you aren't willing to basically act as a janitor sometimes.

☆ Minnesota Timberwolves owner Alex Rodriguez shares 5 of his favorite books, including one that 'changed my financial life'
▼ + stars: | 2023-01-21 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

Alex Rodriguez is just as interested in Prince Harry as the rest of the world. The New York-born Rodriguez — who over the course of his 24-season playing career earned $455 million, according to Spotrac — called "Rich Dad, Poor Dad" the book "that changed my financial life." Rounding out his list, Rodriguez recommended a trio of memoirs all written by the same ghostwriter: J.R. Moehringer. In addition to Prince Harry's "Spare", Rodriguez liked Moehringer work on 2009′s "Open" for American tennis star Andre Agassi and 2016′s "Shoe Dog" for Nike founder Phil Knight. Sign up now: Get smarter about your money and career with our weekly newsletterDon't miss: Prince Harry's 'Spare' ghostwriter wrote these 3 other bestselling memoirs

☆ 8 money books that can help you build wealth in 2023, according to real estate investors, 'super savers,' and finance experts who have read them cover-to-cover
▼ + stars: | 2022-12-27 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

Another popular choice among real estate investors specifically is "Rich Dad Poor Dad." It was Ramit Sethi's popular money book that taught them how to be more intentional when it came to spending. Real estate"Retire on Real Estate" by Kai AndersonAvery Heilbron, who achieved financial freedom before 30 partly thanks to his investment properties, says that "Retire on Real Estate" is what nudged him in the direction of buying property to build wealth. Courtesy of Avery HeilbronIf you want to build long-term wealth, "I think real estate is 100% the best thing," Heilbron said. "Rich Dad Poor Dad" by Robert KiyosakiThis classic by Robert Kiyosaki is a favorite among real estate investors and early retirees, including Mike Zuber, who was able to quit his day job in his 40s thanks to his lucrative real estate portfolio.

☆ A real-estate investor who retired in his 40s doubled his portfolio during the 2008 housing market crash. He shares what he learned from investing in the downturn and 4 tips for investors heading into
▼ + stars: | 2022-11-26 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Real estate investor Mike Zuber doubled his portfolio in the aftermath of the 2008 housing crash. After purchasing their first rental, they continued working full-time and living frugally to save more money to buy more real estate. At this point, Zuber has been doing real estate investing for 20 years. The real estate investing veteran spoke to Insider about what he learned from investing in 2008 and offered some concrete advice for investors today. When it comes to real estate investing, "if you hold long enough, you're going to be just fine," he said.

☆ A married couple with a 47-unit real estate portfolio worth $19 million share the top 4 books that got them started on the path to building wealth
▼ + stars: | 2022-09-18 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

Today, Kenny Simpson and Krystle Moore have amassed a $19 million, 47-unit real estate portfolio. They share their four top book recommendations to help aspiring real estate investors. These cover wealth building, money-saving tax strategies, negotiating, and deal making. Before Kenny Simpson and Krystle Moore met in late 2008, both had previously harbored separate real estate investing ambitions. "If you're thinking about getting into real estate, you need to read 'Rich Dad Poor Dad.'"

☆ A 23-year-old entrepreneur netted over $750,000 in 2021 by renting out properties he doesn't own. Here's how he got started.
▼ + stars: | 2022-08-13 | by ( Laila Maidan | ) www.businessinsider.com time to read: +13 min

By 2021 — three years into his rental-arbitrage career — he told Insider he had more than 50 properties nationwide. He told Insider that at the time, he had $8,000 in cash saved from his server job in high school and his internship. He told Insider he received about $12,000 a month (netting a $4,000 profit a month) from this deal. By the time 2021 rolled around, Cheung told Insider he was able to pick up several units in one building in exchange for one to two months of free rent. He told Insider his nightly rates run between $101 to $223 on average.

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