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Many readers have since put his advice to work to help improve their money situations.
Passive income from real estate isnt always passive because it requires capital, time and expertise.
Awell-diversified portfoliothat includes real estate, equities and tax-efficient strategies can lead to more sustainable long-term wealth.
Bitcoin Is Speculative, Not a Wealth-Building Strategy
Per Stroup, Kiyosakis enthusiasm for Bitcoin overlooks its fundamental risks.
Unlike stocks or real estate, Bitcoin doesnt generate dividends, rent or earnings, he said.
It relies purely on speculation.
Many investors over-leverage, assuming values will always rise, he said.
All it’s crucial that you do is look back to 2008 to be proven otherwise.
Smart leverage isnt about aggressive expansion.
Its about aligning risk with liquidity and your long-term financial goals.
Tax planning, estate strategies and diversified investments require real expertise, he explained.
A just think rich approach can lead tooverconfidence and poor financial decisions.
Stroup said the real key isnt just motivation.
He said its surrounding yourself with professionals who turn financial complexity into actionable strategies.
Holding these positions in a tax advantaged vehicle like a Roth IRA further compoundslong term benefits.
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