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Yahoo
a day ago
- Business
- Yahoo
Robert Kiyosaki Says Don't ‘Work for Money' — Do This Instead
Most of us work for the explicit purpose of making money, but 'Rich Dad Poor Dad' author Robert Kiyosaki said that this is not what we should be looking to get out of work. Learn More: Read Next: 'When you work just for money, you become a slave to your job — stuck in the rat race, living paycheck to paycheck,' he wrote on Instagram. Here's why he believes working for money is a mistake, and what you should be doing instead. Kiyosaki believes that many of us approach our jobs with the wrong motivation, and that this behavior is stopping us from building wealth. 'Are you working for money? Or working to learn?' he wrote on Instagram. 'Most people chase paychecks, but the rich chase knowledge.' Working for money keeps you trapped in a paycheck-to-paycheck cycle, Kiyosaki said. 'But when you work to gain skills, connections and experience, you build the foundation for true wealth,' he wrote. Find Out: If you want to achieve financial freedom, focus on what you can learn at your job rather than on how much you are getting paid, Kiyosaki said. 'The rich don't work for money,' he wrote. 'They make money work for them. Stop trading time for dollars. Start working for knowledge. That's the real path to financial freedom.' Kiyosaki isn't the only financial expert who believes the real value of a job is how much you can learn from it. In a post on Bluesky, serial entrepreneur Mark Cuban shared his career advice for new college grads looking for their first jobs out of school, and it echoed a lot of Kiyosaki's sentiments. 'I tell every kid that asks that you paid money to learn. Now it's time to get paid to learn,' he shared. 'You don't need a perfect job. You need to be the best as you can at your job. People like jobs they are good at, but you are always a free agent. You can always be looking and learn more in a new job.' More From GOBankingRates How Far $750K Plus Social Security Goes in Retirement in Every US Region This article originally appeared on Robert Kiyosaki Says Don't 'Work for Money' — Do This Instead
Yahoo
4 days ago
- Business
- Yahoo
'Bail Yourself Out,' Warns Robert Kiyosaki — Says The 2025 Crisis Could Be Worse Than 2008 And 'Savers Are Losers' In This Economy
"Bail yourself out," bestselling personal finance author Robert Kiyosaki urges, predicting a 2025 crash that could eclipse the chaos of 2008. The bestselling author of "Rich Dad Poor Dad" urges households to swap fiat cash for gold, silver and bitcoin, insisting that "savers are losers." His warning comes as gold breaches $3,228 an ounce and student-loan payments resume for millions of Americans, adding to growing financial anxiety. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – On May 18, Kiyosaki posted a message on X, recasting his oft-repeated line that the rich don't work for money. The tweet tagged economic commentator Jim Rickards and warned that every rescue since the dollar left gold in 1971 has only moved the next crisis higher up the food chain. History is the backbone of Kiyosaki's thesis. He cites the September 1998 bailout of Long-Term Capital Management, when 14 banks pumped $3.6 billion into the teetering hedge fund during talks convened by the Federal Reserve Bank of New York. A decade later, central banks created a multitrillion-dollar safety net for Wall Street after Lehman Brothers collapsed. If, as Rickards asks, the rescuer now needs rescuing, the size of the bill may dwarf anything seen before. Trending: Maximize saving for your retirement and cut down on taxes: . Those fears are already showing up in asset prices. Gold pierced the $3,300 barrier on April 16, touching a record $3,317.90 per ounce as traders chased hard assets amid fresh U.S.–China tariff volleys and a sliding greenback. Strategists now float $3,500 targets, arguing that central bank buying and sticky inflation leave little appetite for paper promises. The digital-asset crowd has been just as resolute. Bitcoin recently surged past $110,000 as market momentum remains strong amid broader economic uncertainty. The household backdrop, meanwhile, looks fragile. According to Department of Education data, more than 5 million borrowers have been in default for over 360 days, and 4 million are in late-stage delinquency. If trends continue, nearly 10 million—roughly 25% of the federal student‑loan portfolio—could be in default soon. A May 13, report from the Federal Reserve Bank of New York found the share of student debt in serious delinquency has leapt to 8%, its highest since 2020. Economists warn this surge may impact borrowers' credit profiles, with lost discretionary spending in heavily delinquent regions potentially rippling through retail sales and job growth, the Financial Times distills the lesson into three assets: physical gold, physical silver, and Bitcoin stored offline. In the post, he urged followers to avoid exchange-traded substitutes, arguing that ETFs carry the very counterparty risks he fears. The upshot, he said, is that families can no longer rely on central banks or Congress; personal balance sheets must become the first and last lines of defense. Read Next:Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article 'Bail Yourself Out,' Warns Robert Kiyosaki — Says The 2025 Crisis Could Be Worse Than 2008 And 'Savers Are Losers' In This Economy originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Ramit Sethi vs. ‘Rich Dad' Robert Kiyosaki: 5 Money Matters They Agree On and 5 They Don't
Ramit Sethi and Robert Kiyosaki are two of America's best-known personal finance personalities. Kiyosaki parlayed his bestselling book 'Rich Dad Poor Dad' into a financial-literacy empire. Sethi built his empire on his I Will Teach You To Be Rich website, which serves as a platform for his financial education courses and springboard for his bestselling books, podcast and popular Netflix series, 'How To Get Rich.' For You: Learn More: Sethi's and Kiyosaki's wealth-building advice overlaps in some respects. But their approaches to financial security are quite different, as Sethi demonstrated in a recent post on his IWT blog. See where their financial advice has intersected, and whether or not the two financial experts have found common ground. Both financial pros agree on some points. Kiyosaki wrote in 'Rich Dad Poor Dad,' 'The Rich do not work for money. They know how to have money work hard for them.' Sethi agrees that a nine-to-five job isn't the only way to grow wealth, and it might not even be the best way. Using your income to build a business or invest in appreciating assets puts your money to work for you by generating passive income that keeps growing even if you stop working. Robert Kiyosaki Is Dumping Gold and Silver: A common theme in Kiyosaki's book and blog is to pay yourself first by investing in appreciating assets, then pay bills and other expenses. He considers it an exercise in building the self-discipline needed to take control over your money. Sethi agrees. 'Over time, this habit builds real financial stability, even on a modest income,' he wrote. Kiyosaki believes one thing separating the rich from everyone else is that the rich understand the difference between assets and liabilities. Assets are things that appreciate in value and contribute to wealth, while liabilities lose value and rob you of wealth. Take a luxury car. It feels like an asset because it gives the appearance of wealth. But it depreciates the moment you buy it and will always be worth less than you paid. Sethi calls Kiyosaki's teachings on assets vs. liabilities a major wake-up call. Kiyosaki and Sethi built their businesses around teaching people how to manage money and grow wealth. Clearly, they agree that financial literacy is the key to financial success. Conventional wisdom is often rooted in misguided beliefs. For example, generations of Americans have been told to get an education to qualify for a high-paying job, then buy a house, then rely on your salary and that house to build wealth. In fact, few people get rich that way. Kiyosaki's advice is to educate yourself about money rather than a job, and use your education and job earnings to create wealth through passive income. Sethi agrees that your job should be a means to an end, not the end goal. These are the areas where Sethi and Kiyosaki disagree. Sethi takes issue with some of the investment advice Kiyosaki offers in his book and elsewhere. He heavily promotes real estate investing, for example, and touts other complicated investments ill-suited for beginners. 'Kiyosaki sells these ideas like shortcuts to wealth, but without a solid foundation, they're actually potential disasters,' Sethi wrote. Sales is certainly a skill you can use to grow a business and generate wealth, but Sethi disagrees with Kiyosaki's suggestion that joining a multi-level marketing network is a good way to train. Granted, you'll learn resilience in the face of rejection, but you're unlikely to come away with marketable skills because of the predatory and exploitative nature of that business model. In Sethi's view, 'Rich Dad Poor Dad' is long on inspiration and encouragement, but short on actionable advice. 'That's fine if all you want is a motivational push, but if you're looking to actually do something with your money, you'll walk away empty-handed, Sethi noted. Sethi focuses on specific steps people should take to grow wealth. Kiyosaki's book and blog frequently equate poverty with ignorance and lack of motivation, ignoring the many environmental challenges that hold people back. Sethi believes this approach is both unhelpful and 'gross.' Sethi recognizes Kiyosaki has taken to promoting extreme, conspiratorial views. He frequently warns of an impending market crash and implores investors to stash their money in precious metals, cryptocurrency — and as Sethi mentioned, canned tuna. Considering that Kiyosaki's predictions have had a 100% failure rate over roughly 14 years of such warnings, Sethi is perhaps correct to wonder if Kiyosaki has shifted from helping people build wealth to selling fear. More From GOBankingRates The 10 Most Reliable SUVs of 2025 This article originally appeared on Ramit Sethi vs. 'Rich Dad' Robert Kiyosaki: 5 Money Matters They Agree On and 5 They Don't Sign in to access your portfolio
Business Insider
7 days ago
- Business
- Business Insider
A couple started buying real estate to free themselves from 80-hour workweeks. After scaling to more than 100 units, they work part-time and travel half the year.
At the height of their medical careers, Letizia Alto and Kenji Asakura had to block off time on their calendars if they wanted to see each other. "We would schedule out a month in advance, days that we could spend together because it was so busy," Alto told Business Insider. "And this was without us having kids together." They were both working more than full-time as hospitalists, logging 80-hour weeks. When they took a step back and considered what they wanted their future to look like, the grueling workweeks didn't fit in. "Kenji asked me, 'What do you really want for your life? Presume there are no limits. What would you want to do?'" recalled Alto. Her answer was specific: She wanted to spend months out of the year in Italy, producing olive oil and hosting friends. "And that was obviously very different than the path we were on." It was an interesting thought experiment that ultimately shifted their mindset. About six months later, while traveling in a camper van through New Zealand on their honeymoon, they passed the nights reading what Alto had recently downloaded to her Kindle — " Rich Dad Poor Dad" — and resonated with some of the author's core themes. "It was really powerful. We were like, 'Oh, my gosh, this is it: We're employees, we trade our time for money, we're never going to be able to be in Italy for three months at a time because we're always going to have to be working,'" said Alto. "This future that I had kind of visualized six months before didn't work. The only way it works is if we have another source of income, outside medicine, that can replace part of our salaries so that we can have the freedom to take time off." The couple decided right then and there that when they returned home to Seattle, they'd start investing in real estate. Putting off a primary residence in order to buy investment properties Creating additional income by investing in real estate made sense for Alto and Asakura for a few reasons. One, Asakura already had experience. His parents were investors and, as a kid, "I remember going to rental properties, picking up checks, seeing my dad talk to tenants, things like that," he said. "I grew up with real estate, and pretty much as soon as I had money, I started investing." That came after medical school, when he worked as a management consultant for McKinsey & Company for a few years before completing his residency. Using savings from his salaried job, he and a friend started building a joint portfolio in the early 2000s and, like most property investors at the time, made a lot of money. "Real estate just appreciated like crazy, all the way up to around 2006, 2007, when things started slowing down," said Asakura, who was mainly buying and flipping land. "I'd buy a piece of land for like $100,000 and, six months later, I would sell it for $300,000. It was that crazy. It was just like the Big Short." When the recession hit, "my properties didn't cash flow, and I got stuck with a lot of mortgages, insurance payments, and property taxes. I was pretty much upside down on my properties," he said. The experience didn't deter him from re-entering the real estate world years later alongside Alto. "I wasn't scared. If anything, I had confidence just because we had a plan. Mistakes are an expensive education, but it's the best education." In addition to Asakura's experience, the couple had the capital to invest in property. They'd planned to buy a primary home together and had already set aside cash for the down payment. But, after returning from the New Zealand trip in early 2015, they asked their agent to switch gears and help them find a rental property. They had a new, clear vision. "We wrote down our portfolio goal," said Alto. "We were like, we're going to own this many units and we're going to make this much cash flow." Buying and holding cash-flowing properties When Alto and Asakura started purchasing investment properties, their strategy revolved around two main principles: cash flow and forced appreciation. They use a cash-on-cash calculator that allows them to input metrics such as purchase price, expenses, and projected rents to predict a property's performance. They're less interested in how it's performing under the current owner. "What's really more important is knowing how it's going to run after you're done with it," said Alto. "We regularly buy properties that are negative or have really low cash-on-cash returns with the current owners. What we see is the potential for what it can become." They learned from Asakura's early investing days to never rely on market appreciation. They'd rather force appreciation on the property through improvements and upgrades, which isn't dissimilar to a flip, he said: "The difference is, a flipper sells, whereas we're holding. The other difference is that a flipper typically buys a property that'll never cash flow, whereas we're buying properties that are good flip projects but also cash flow." In 2015, using their down payment savings, they bought two duplexes outside Seattle, filled the units with tenants, and started generating rental income. They continued buying small, undervalued multi-family properties, used tax strategies to shield their income from taxes, and rolled their rental income, savings, and tax refunds into more properties. By 2017, they said they were bringing in over six figures of rental cash flow. The next year, they started their blog, Semi-Retired MD, which would evolve into an online course specifically geared at doctors and high-income earners looking to invest in real estate. By 2021, they owned over 150 personal units and over 400 syndicated doors. BI confirmed their property ownership, which includes multi-family properties, commercial properties, and a handful of syndication deals, by reviewing deeds and operating agreements. The couple were tenants themselves up until 2022, when they moved to Puerto Rico and bought their first primary residence together. They were never chasing big cash flow goals to sit on the beach all day. "Our goal was to buy ourselves time-freedom and to continue to contribute to the world and have purpose," said Alto, who worked in the hospital up until 2020 and now spends a chunk of her days running Semi-Retired MD. Asakura, who scaled back to part-time in the hospital in 2015 to focus on real estate, spends his days managing their portfolio, and they both have more time to dedicate to each other and their kids. "I think about what my life could have been right now: Driving to work, spending 12 hours away, and coming home late at night when the kids are asleep," said Asakura. "That's not how our lives are." Alto added, "We have our kids homeschooled. We travel six months a year as a family. We hang out with our kids in the mornings, we see them for lunch, and we see them for dinner every night. We never would have had any of that freedom."
Economic Times
11-06-2025
- Business
- Economic Times
Waaree Energies shares jump over 4% as US subsidiary secures 599 MW solar module order
Waaree Energies shares: The stock experienced strong price movement and robust trading activity, with about 1.71 lakh shares changing hands on the BSE—well above the two-week average of 1.41 lakh shares. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Waaree Energies share price target Waaree Energies share price performance Shares of Waaree Energies rose over 4% to Rs 2,955 in Wednesday's trade on the BSE after its wholly-owned subsidiary, Waaree Solar Americas , secured a major order for 599 MW of solar modules from a leading international a regulatory filing, the company said, 'Waaree Solar Americas, a wholly-owned subsidiary of the company, has received an order for the supply of 599 MW solar modules from a well-known customer engaged in the development and operation of utility-scale solar and energy storage projects across the United States.'The stock saw strong price action and heavy trading volumes. Around 1.71 lakh shares were traded on the BSE, significantly higher than the two-week average volume of 1.41 lakh Read: SBI, Bank of Baroda among 10 banks that saw NPA decline in Q4 Earlier in May, the company announced board approval to acquire Kamath Transformers Private Ltd for Rs 293 crore. Kamath Transformers is involved in the manufacturing of transformers.'This acquisition is part of the company's business expansion plans,' Waaree Energies said in an exchange the board approved the acquisition of Green New Delhi Forever Energy Private Limited by Waaree Forever Energies Private Limited, a wholly-owned subsidiary. The deal will be executed at Rs 1 lakh per share, with a face value of Rs 10 each. Both acquisitions are expected to be completed in FY26 and will be entirely funded through cash Read: Civil War has begun! Rich Dad Poor Dad author Robert Kiyosaki warns of global chaos, backs Bitcoin as the only safe haven According to Trendlyne, the average target price for Waaree Energies is Rs 2,602, indicating a potential downside of around 11% from current levels. The stock holds a 'Sell' rating based on recommendations from four the technical front, the stock's Relative Strength Index (RSI) stands at 53, indicating neutral momentum. (An RSI above 70 is considered overbought, while below 30 is oversold.) The MACD is at 78.7—above the center line, but below the signal stock is currently trading above all key moving averages, including the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, and 150-day simple moving averages (SMAs), reinforcing the positive Energies has gained 12% over the past month and 38% in the last three months. Its current market capitalisation stands at Rs 83,793 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
