Michael Rosenbaum
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Appearances Over Time
Podcast Appearances
But it gave him some really important experience in the real estate market.
It was a hands on lesson in how to use assets to make money.
And it proved to him that his rich dad was right.
Sometimes you got to take that first step, even if it's a little scary.
Just to see how things really work.
He did other things too.
He built a portfolio that included real estate businesses, even stocks.
He learned that it's important to diversify.
You know, like that saying, don't put all your eggs in one basket.
If one investment doesn't do well, you've got others to help balance things out.
Yeah, he was.
He did, actually.
He talks about it in the book pretty openly.
He actually went bankrupt at one point.
Yeah, it forced him to look at his mistakes and change his strategies.
And he learned some hard lessons about managing risk.
Yeah, it was.