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Yahoo
14-04-2025
- Business
- Yahoo
Robert Kiyosaki Shares the 4 Investments He Uses To Build Wealth
Robert Kiyosaki is the author of the popular 'Rich Dad Poor Dad' book series. He also hosts the 'Rich Dad Radio Show' and the 'Rich Dad Channel' on YouTube, where he uses his methodology to assist others in building wealth and achieving financial freedom. Trending Now: For You: Chosen by GOBankingRates as a Top Money Expert, here Kiyosaki shares the investments he used to build his wealth, and how to navigate today's economic state. Failing to invest in themselves first — so they have a foundation upon which to build an investment portfolio. Before we can build wealth, we need to understand what that means — in the big picture and to each of us personally — and what we need to know to be responsible stewards of the money we allocate for investments. That process starts with investing in yourself: learning the language of money, understanding the asset classes and taking a few small steps that will get you started on the path to building wealth. Remember that missteps and mistakes are a part of how we humans learn — so when you make them, ask yourself, 'What did I learn from this?' Read Next: I'd suggest looking at the various asset classes and deciding what interests you. In my opinion, I like to see income coming in from all the asset classes — business, paper assets, commodities and real estate. That's true 'diversification' of your assets, and a safety net that's a way of hedging your 'bets' in any one investment arena or sector. Business can be a small business you own and plan to grow or sell. Commodities can be silver or gold coins. Paper assets can be a few shares in a stock that interests you — because having skin in the game, even if it's just a little bit, will heighten your awareness related to markets, trends and money. Rental real estate is a way to use debt (good debt that your tenants pay) for both leverage, cash flow and possibly capital gains. Bottom line: You need a plan. Start small. Learn along the way. Keep learning. Jaime Catmull contributed to the reporting for this article. More From GOBankingRates 6 Used Luxury SUVs That Are a Good Investment for RetireesHow Far $750K Plus Social Security Goes in Retirement in Every US Region7 Overpriced Grocery Items Frugal People Should Quit Buying in 202525 Places To Buy a Home If You Want It To Gain Value This article originally appeared on Robert Kiyosaki Shares the 4 Investments He Uses To Build Wealth Sign in to access your portfolio
Yahoo
16-03-2025
- Business
- Yahoo
3 Ways Your Wealth Is Being Stolen, According to Robert Kiyosaki and Jared Teach
You probably expect your investments to be put to work — for you. However, that might not always be the case. Explore More: Read Next: During a January episode of the 'Rich Dad Radio Show' titled 'Your Wealth is Being Stolen — Here's How,' Robert Kiyosaki and Jared Teach explained why they believe your investments might not be as lucrative as you imagine. Being informed is the best way to protect your assets, so you might be interested in what they have to say. Here are three ways Kiyosaki and Teach believe your wealth is being stolen. When you invest your money with a company, you may think your best interests are prioritized, but Kiyosaki and Teach said that isn't always the case. Teach explained the concepts of shareholder and stakeholder capitalism. He said a corporation's job is to return as much capital as possible to its shareholders, but it also has to consider everyone who touches the company as a stakeholder). He noted the U.S. has fiduciary laws that require companies to return as much money as possible to shareholders and do what's best for them, since they are its legal owners. In total, companies have four fiduciary duties to investors, according to Harvard Business School Online. This includes the duty of obedience, duty of information, duty of loyalty and duty of care. Currently, Teach doesn't believe shareholders' interests are being put first. He told Kiyosaki that there needs to be a return to shareholder capitalistic values, which would require a push away from environmental, social and governance standards (ESG) and diversity, equity and inclusion (DEI) initiatives. 'Everyone wants equality, everyone wants a better earth for their children,' Teach said. But at the same time, it has been hijacked as a Trojan horse for a lot of social political events that are harming companies. Kiyosaki agreed with this sentiment. Robert Kiyosaki: 'It's like if I'm an investor in a company, I'm being ripped off by the fund managers and things I don't [know] is beyond me,' Teach said. He said that asset managers are taking shareholders' retirement money and pushing their agendas in the boardroom, he explained, explaining that SEC changes made after the Enron scandal in 2001 require people who invest with an asset manager to forfeit their proxy vote to the asset manager. It's worth noting that some investors who work with an asset manager do have the ability to cast their own proxy votes, according to the Securities Industry and Financial Markets Association. A decade ago, Teach said less than 1% of C-suite executives and board members had a portion of their compensation tied to goals relating to ESG, DEI and social political agendas. However, he said 75% of these executives are now required to meet goals of this nature to collect their bonuses. 'They went woke on us,' Kiyosaki said. 'And as they say, you go woke, you go broke.' He then concluded that woke capitalism has taken over America. More From GOBankingRatesHow Paychecks Would Look in Each State If Trump Dropped Federal Income Tax10 Cars That Outlast the Average Vehicle This article originally appeared on 3 Ways Your Wealth Is Being Stolen, According to Robert Kiyosaki and Jared Teach
