Codie Sanchez Says She Disagrees With Robert Kiyosaki About This 1 Thing: Who’s Right?

The author of “Abi Abi Al-Ghani” Robert Keusaki does not make any bones around the income gained from the function of W-2 or disturbed independently as the worst way to build wealth. Not only pays a tax as a employee more than you pay as an investor or employer, but you can also limit your profits when trading your time for money.

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Kiyosaki’s views appeared in a modern episode of YouTube “Millionaires in Cars Getting Coffee”, when hosts “Main Street Mogul” asked about her ideas about how the W-2 employee works in a social media culture.

Sanchez, author of the best-selling book “Mainstreet Millionaire”, and the “Bigdeal Podcast” host, told Camel that she does not care about your tax law-whether W-2, 1099 or K1, does not matter.

“I love Robert Keusaki, but I never liked how W-2 was a lesser profession,” Sanchez said. “I don’t think this is true. I mean, Sherrill Sandberg has become worth hundreds of millions of dollars by being W-2.”

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So, who is the correct? Technically, both.

It is true that Sandberg has become rich-the list of billionaires in the actual time for FORBES is that its net wealth is $ 2.3 billion-while working as a W-2 employee in Facebook, now Meta, where she worked as CEO of Operations from 2008 to 2022.

But her salary “only” amounted to about $ 1.12 million annually at the end of her work period. She received the rest of 33.4 million dollars of total cup compensation in definition and in pensions and other compensation.

Forbes stated that by 2022, Sandberg sold more than $ 1.8 billion of descriptive stocks. It was the income of the wallet, not the acquired income, was the one that gave birth to the largest part of Sandberg’s wealth.

The portfolio is what Kyusaki considers the second best type of income, behind the negative income of business. It is also how most millionaires create their wealth.

For its national study of the millionaires report, Ramsey Solutions surveyed more than 10,000 million American millionaires to learn about the financial behaviors and attitudes that led to their financial success.

Most millionaires were not particularly large, but the vast majority (80 %) had invested in 401 (K) of the employer. Seventy -five percent has also invested independently of 401 (K), and the same percentage said that consistent investment over time played a major role in their success.