The World's Best Book Summaries
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.
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.
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.
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.
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.
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.
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.
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
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
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