Money Archives

How Greed Fueled the 2008 Subprime Mortgage Crisis

Suburban Flight and The Role of The Government

What caused the United States subprime mortgage crisis in 2008? How did the mortgage meltdown spill out into a global financial crisis? The United States subprime mortgage crisis was years in the making. However, few could anticipate one of the biggest financial crises in history—in spite of the warning signs. At its heart, was a relatively new class of asset: the mortgage-backed security. In this article, we’ll discuss how mortgage-backed securities caused the biggest financial crisis in the eight preceding decades.

Robert Kiyosaki’s 4 Simple Skills for Building Wealth

What do self-made millionaires have in common? What is their secret to building wealth? Most people believe that the key to wealth is getting a “good,” high-paying job. But according to Robert Kiyosaki, wealth generation requires a different skillset and mindset. Learn about the mindset and the soft skills central to wealth building, according to Kiyosaki.

The History and Rise of Subprime Lending

The Millionaire Next Door and Wealth Building

What is subprime lending? How do subprime loans generate profit? Subprime lending is the practice of lending money to risky borrowers. The people who borrow on subprime rates tend to earn low incomes or have impaired credit history. As such, they are willing to pay higher interest rates on the borrowed money. Keep reading to learn about the rise of subprime lending and how it generates profit.

Robert Kiyosaki’s Advice for New Investors

Are You a Prodigious Accumulator of Wealth?

What is the key to being good at investing? What do successful investors do differently? According to financial educator Robert Kiyosaki, the secret to investing is being good at investing. Risk comes from a lack of information. The risk in investing is investing without enough financial literacy or good information. Keep reading for Robert Kiyosaki’s advice for beginner investors.

Robert Kiyosaki’s Strategy for Getting Out of Debt

Do you want to start investing and building your wealth? Can you invest while still in debt? According to Robert Kiyosaki, debt is the biggest obstacle to wealth. Very simply, you need money to be able to invest, and if you are in debt, all the money goes to its repayment. Keep reading to learn about Kiyosaki’s strategy for getting out of debt.

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