Question

How did Robert Kiyosaki use the downturn in the real estate market to his advantage in his journey to financial freedom?

Robert Kiyosaki used the downturn in the real estate market to his advantage by buying as many small houses as he could with the limited money he had. He used the strategy he learned from playing Monopoly as a kid, which is to buy four green houses and then trade up for a large red hotel. When the real estate market improved, he traded up. The cash flow from his large red hotel, apartment houses, and mini-storage units now pays for his lifestyle.

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Whenever people ask Kiyosaki the secret to his getting rich, he replies that he played Monopoly as a kid. The game taught him that the way to win is to buy four green houses and then trade up for a large red hotel. The same rule worked in his life. When the real estate market was in bad shape, the author and his wife bought as many small houses as they could, with the limited money they had. When the market improved, they traded up—now, the cash flow from their large red hotel, apartment houses and mini-storage units, pays for their lifestyle.

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