Money Archives

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.

The Fear of Money Is the Biggest Obstacle to Wealth

Does thinking of and handling money make you nervous? Why do people fear money, fear spending it, or fear not having enough? The fear of money haunts many people. After all, money is core to survival, impacts virtually every part of our lives, and is the difference between freedom and freefall. So, the fear of money makes sense. But if you want to change your financial situation, you need to overcome your fear of money and develop a healthy relationship with it. Here is how the fear of money impairs your financial progress.

Ethical Wealth: Is It Good to Strive for Riches?

Is there such a thing as ethical wealth? In other words, do you think it’s moral to strive to be wealthy? Some people argue that wanting wealth and taking part in our capitalist system is immoral. According to financial educator Robert Kiyosaki, wealth is just a means to an end, the end being the freedom to do what you want with your time. While the means by which wealth is acquired can be immoral, wanting wealth in itself is not—no one can be blamed for wanting freedom. Here is why it’s good to want wealth, according to Kiyosaki.

Robert Kiyosaki’s B Quadrant and How to Break Into It

What is the B quadrant? How does one break into Kiyosaki’s B quadrant from the E or S quadrants? According to Kiyosaki, the B quadrant (big business owner) is a far likelier path to wealth than working in the E or S quadrants because you can take advantage of other people’s time to generate wealth. Kiyosaki says you have two choices when trying to establish yourself in the B quadrant: create your own business system, or buy one that already exists. Kiyosaki offers four routes to owning your own system in the B quadrant. Here is how to break into the B

Robert Kiyosaki’s ESBI Quadrant Explained

What does the ESBI quadrant represent? What does each letter stand for? Can you be in more than one income quadrant simultaneously? Robert Kiyosaki’s ESBI quadrant represents four ways of generating income: E (as an employee), S (as a self-employed or a small-business owner), B (as a big-business owner), and I (as an investor). The way you generate income defines your quadrant, not what you do to earn it. You can, and in many cases should, generate income in multiple categories. Keep reading to learn about the key characteristics of each quadrant.

Robert Kiyosaki: Rich Dad’s Cashflow Quadrant Quotes

Are you looking for Rich Dad’s Cashflow Quadrant quotes by Robert Kiyosaki? What are some of the most noteworthy passages worth revisiting? In Rich Dad’s Cashflow Quadrant, Kiyosaki uses the concept of four “cashflow quadrants” to emphasize that it’s not what you do that makes the difference between achieving financial freedom and being stuck in a cycle of job dependency, but what kind of income you earn. He categorizes income generation strategies into four categories or quadrants: E (employee), S (self-employed and small-business owners), B (big business owners), and I (investors). Below is a selection of Rich Dad’s Cashflow Quadrant quotes

Rich Dad’s Cashflow Quadrant: Book Overview

What is the book Rich Dad’s Cashflow Quadrant about? What is the secret to wealth, according to its author Robert Kiyosaki? Rich Dad’s Cashflow Quadrant is the sequel to Robert Kiyosaki’s international bestseller, Rich Dad, Poor Dad. The central principles in Rich Dad’s Cashflow Quadrant and Rich Dad, Poor Dad are the same: The best way to achieve wealth is to eschew security and to work hard at a “good job” in favor of cultivating boldness and developing assets that will generate passive income. Below is a brief overview of Robert Kiyosaki’s book Rich Dad’s Cashflow Quadrant.

Want to Be Financially Secure? Quit Your Job!

What does it mean to be financially secure? Why is having a job no longer a safe bet for financial security? According to Robert Kiyosaki, the traditional path to financial security (Education → Good Job → Great Benefits and Pension → Secure Retirement) no longer works. In the 21st century, this path leads to hard work in exchange for job dependency, inadequate retirement, a pernicious debt cycle, tax disadvantages, and diluted savings—not financial security, and almost certainly not financial freedom. In this article, we’ll discuss five problems with the traditional path to financial security.

Rich Dad’s Cashflow Quadrant: Review & Background

What is Rich Dad’s Cashflow Quadrant about? What is the key message to take away from the book? In Rich Dad’s Cashflow Quadrant, Robert Kiyosaki argues that to generate wealth, what kind of income you generate is more important than how much income you generate, or what kind of work you do. Kiyosaki uses the stories of his now-famous “Rich Dad” (his friend’s father) and “Poor Dad” (his own father) to illustrate how different income types lead to different results. The following Rich Dad’s Cashflow Quadrant review covers the book’s context, background, and critical reception by the readers.