Money Archives

The Big Short: Quotes by Michael Lewis

Are you looking for The Big Short quotes by Michael Lewis? What are some of the most noteworthy passages worth revisiting? At its heart, The Big Short is a tale about the perils of greed and short-sightedness. It exposes the true nature of modern capitalism and forces the reader to seriously question the wisdom of the financial elites who wield so much economic and political power in our society. Here is a selection of The Big Short quotes with explanations to help you put them into context.

Robert Kiyosaki on Investing & Wealth Building

5 Wealth Building Habits to Secure Financial Freedom

Do you want to make a living off investing? Where do you even start? Investing is Robert Kiyosaki’s promised land—where financial freedom really lies. Investors commit money (called capital) to something and expect to make a profit. Beyond the initial investment, they don’t have to work day to day. Instead, their livelihood comes in the form of assets that generate passive income. Here is how to begin investing for passive income, and ultimately, wealth, according to Kiyosaki.

Passive Income: Earning While You Sleep

Do you like the idea of living off passive income? What are some forms of passive income you can generate? According to financial educator Robert Kiyosaki, earning passive income is the key to wealth and is essential for attaining financial freedom. Examples of passive income include dividends from stocks, interest on bonds, and rental income. Here is why investing is the best way to generate passive income.

Charley Ledley & Jamie Mai Start Cornwall Capital

Who were the founders of Cornwall Capital? How did the company manage to turn $110,000 into millions? Cornwall Capital Management was literally started out of a backyard shed in Berkeley, California. Its founders Charley Ledley and Jamie May started it on just $110,000 in a Schwab account, but they had another advantage up their sleeve. Here goes the story of how Charley Ledley and Jamie May started Cornwall Capital.

The 4 Different Types of Income—Explained

What types of income are there? Which income categories provide more job security? Which ones require more risk yet yield higher rewards? According to financial educator Robert Kiyosaki, there are four different types of income which he calls “cashflow quadrants”: 1) employees, 2) the self-employed and small business owners, 3) big business owners, and 4) investors. People who choose to be in the first two categories value security above freedom, but generating income by being an employee or a small business owner are dead ends on the road to wealth. Keep reading to learn about Kiyosaki’s four types of income

The Wealth Quadrant: Why the Rich Get Richer

Which cashflow quadrant are you in? Do you generate income from the work you do (E and S quadrants) or from the assets you own (B and I quadrants)? Which quadrant is the most conducive to building wealth? Robert Kiyosaki uses the concept of the ESBI quadrant to categorize different ways of generating income. The first two quadrants, employees (E) and the self-employed and small business owners (S) are usually dead-ends on the road to wealth. The other two quadrants, big business owners (B) and investors (I), are the most conducive to accumulating wealth because those are the categories in

The Big Short by Michael Lewis: Book Overview

What is Michael Lewis’s The Big Short about? What is the key message to take away from the book? In The Big Short, Michael Lewis takes us inside the madness, corruption, and greed at the heart of the 2007-2008 financial crisis. It tells the story of an eccentric collection of investors who saw the folly of the subprime mortgage-backed securities market—and found a way to bet against it. By focusing on individuals who saw these securities for what they truly were, the author forces us to seriously question the wisdom (and motivations) of the financial elites who wield so much

Robert Kiyosaki: The Key to Financial Freedom

What does it mean to be financially free? Do you think you have what it takes to achieve total financial freedom? To Robert Kiyosaki, financial freedom means never having to work again. In his book Rich Dad’s Cashflow Quadrant, he says that everybody should strive to transcend job security and achieve financial freedom. However, he admits that not everybody is ready for the risks and the sacrifices the path of financial freedom demands. Here is what Kiyosaki has to say about financial freedom.

Michael Burry’s “Big Short” of the Housing Market

Who is Michael Burry? What was his involvement in the housing market crash? Michael Burry is the founder of the hedge fund Scion Capital. In 2007, Burry saw a rare opportunity in the subprime housing bond market. He was skeptical (to say the least) about the confidence with which Wall Street sold mortgage-backed securities. He realized that these securities were extraordinarily overvalued because they were backed by questionable loans to uncreditworthy Americans. So, Burry decided to short the housing market. Here goes the story of Michael Burry’s “Big Short.”

Robert Kiyosaki: Cashflow Fundamentals

What is cashflow? What are the different types of cashflow channels? Cashflow is the total amount of money you earn and spend, and is the total of your income, expenses, liabilities, and assets. According to Robert Kiyosaki, cashflow is the central difference between generating income in the E (employee) and S (small business owner) quadrants and the B (big business owner) and I (investing) quadrants. Here is how cashflow looks like in the E and S quadrants vs. the B and I quadrants.