Despite making millions in real estate, Kevin Robinson, 38, scrimps on groceries, eating oatmeal, tuna out of the can, and frozen grapes instead of ice cream. He makes a point of always buying in bulk.
“My family thinks I’m just as cheap as hell,” Kevin says on a MarketWatch video. “They say, you’re just cheap. Go buy some real ice cream. But little things start to add up for me, and (living frugally) has been very, very good for me in building up my net worth.”
Today, Kevin Robinson — who calls himself Kayr — administers a real estate empire, but he grew up in “deep poverty” in Philadelphia. He serves as an example of someone God provided for abundantly as he gave to God’s work.
“No one in my family was financially literate,” he says. “What happened to me is that I was motivated because when I was 13 or 14 years old, I noticed my mother struggled with money and our local church was always raising money.”
So, he went to the local bookstore and read everything on finance, money management and real estate. He didn’t buy the books. He didn’t have the money to do so. He didn’t even have money for the bus to get to the bookstore. He walked there every weekend and spent the day reading them in the store throughout middle school and high school while his friends played sports.
“I would say, ‘I’m going to master this material. No one’s going to know more than me,’” he remembers. “I sat down. I read the book for free. I put it back.”
Throughout his childhood, Mom had to move 10 times. Though instability was not ideal, Kevin found inspiration.
“It looked like the landlord had all this power. He gets to decide who lives and who stays in his property,” he says. “I said to myself, ‘What am I going to do? Am I going to become the homeless person or the teenage dad? Or am I going to become the landlord or the business owner?’
“I decided to become the landlord and the business owner.” Read the rest: He read books on riches at the bookstore because he couldn’t afford them, then Kevin Robinson became rich.