By Staff Reports
(DGIwire)- When people define “the American Dream,” homeownership is usually one of the first things they mention. But according to recent statistics from the U.S. Department of Commerce, the American homeownership rate has fallen to its lowest level in 19 years. As recently as 2004, the rate stood above 69 percent; today, accelerated by the collapse of the housing market, it has sunk to below 65 percent.
Some critics blame millennials for this drop, noting that many are moving back home with their parents at record rates or simply renting. According to the U.S. Census Bureau, back in 1968, well over 50 percent of Americans age 18 to 31 were already married and living on their own; today, that number is below 25 percent. But in fact, again according to the Census, the homeownership rate for Americans age 35 to 44 has been falling even faster than it has for millennials. In the first quarter of 2008, nearly 67 percent of people age 35 to 44 owned homes; now the number is barely above 59 percent.
Given this turmoil in the real estate market, is it possible for people to not only survive it but actually use it as a tool to thrive financially? It certainly is, thanks to Rich Dad Education, owned by Legacy Education Alliance Inc., which is devoted to educating people about how to build their personal wealth. Based on the teachings of Robert Kiyosaki, author of revolutionary bestseller Rich Dad Poor Dad, Rich Dad Education is dedicated to elevating the financial well-being of people from all walks of life.
Rich Dad Education offers best-in-class training, products and services designed to help individuals take control of their financial futures, escape the rat race and join the financial elite on the fast track to success. Through various channels that include live courses, online trainings, coaching, mentoring programs and multimedia products, Rich Dad Education provides an innovative training model that imparts skills and knowledge in real estate investing, financial instrument investing (stocks, bonds, etc.), entrepreneurship and personal finance. The company encompasses a team of trainers, mentors and coaches who possess practical, hands-on experience in their areas of expertise. More than 930,000 people have participated in the company’s workshops and Trainings since 2006—many of which specifically target the real estate market and how to harness its opportunities.
Anthony C. Humpage, the CEO of Legacy Education Alliance, says, “Everyone wants to get a piece of the real estate market, but the horror stories we have been reading since the last recession hit might deter many from trying. We are here to impart the valuable lessons people need to reap the benefits of investing in real estate—whether they are just starting out or want to improve their skills.”