Robert Kiyosaki, author of several best-selling books including “Rich Dad Poor Dad,” joined MarketWatch for a live interview on Facebook today. He offered up insights on making money, becoming an entrepreneur and even touched on politics. Here are some highlights from the talk, or you can listen to the full interview here. His advice on how to get rich: “The rich do not work for money. Most people do not understand that, because they’re taught to go to school and get a job for money. The rich don’t work for money. And one of the reasons for that is money is no longer money. One of the reasons for that is in 1971, President Nixon took the U.S. Dollar off the gold standard and basically screwed
- BusinessInvestopedia•14 hours ago
Lenders have an array of data available to make credit decisions on borrowers. Three major credit bureaus compile information about consumers' borrowing habits and use that information to create detailed credit reports, while another organization, the Fair Isaac Corporation (NYSE: FICO), or FICO, developed a proprietary algorithm that scores borrowers numerically from 300 to 850 on their creditworthiness. Some lenders make credit decisions strictly based on a borrower's FICO score, while others examine the data contained in one or more of the borrower's credit bureau reports. When seeking a loan, it is helpful for borrowers to know their FICO score as well as what is on their credit bureau reports, such as those from Experian PLC (EXPN.L) and Equifax Inc. (NYSE: EFX).
- financeBloomberg•11 hours ago
Central bankers aren’t retreating from the fight against low inflation, although they’re wary of launching a fresh assault on any daring new fronts.