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Robert Kiyosaki applies the concept of trading up in Monopoly to real estate investment by buying smaller properties when the market is low and then trading them for larger properties when the market improves. This strategy has allowed him to generate a significant cash flow from his real estate investments, which now pay 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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Discover a new approach to wealth management and start with small steps that can eventually lead to substantial assets. Robert Kiyosaki, author of the...
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