Powerful ideas from top nonfiction
Try Blinkist to get the key ideas from 7,500+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.
Get started
Blink 3 of 8 - The 5 AM Club
by Robin Sharma
Listen to the Intro
Cashing Out summary
Julien Saunders, Kiersten Saunders
Win the Wealth Game by Walking Away
19 mins
Brief summary
Cashing Out offers strategies for achieving financial independence, emphasizing the importance of redefining success beyond wealth. Saunders and Saunders guide us to align financial goals with personal values for a more fulfilling life.
Table of Contents
Cashing Out
Summary of 6 key ideas
Audio & text in the Blinkist app
Key idea 1 of 6
The wealth system is stacked against Black Americans
Meet Julien and Kiersten Saunders. They're wealthy. In fact, they rank in the 90th percentile for wealth in families of their age group in the United States. What's more, they want to make you wealthy, too. But here's the thing: if you're a Black American, the financial system is stacked against you. So if you want to attain financial freedom and build generational wealth, you're going to need to get creative, just like the Saunders' did.
The numbers tell a brutal story. The median white family has ten times the wealth of the median Black family, a gap that hasn't meaningfully narrowed in decades. Over their lifetime, Black Americans earn up to $1 million less than their white counterparts – a gap that compounds with each passing year as lost wages mean lost investment opportunities, lost home equity, and lost compound interest.
This wealth gap isn't an accident. It's the result of generations of systemic barriers: redlining practices that prevented Black families from buying homes in appreciating neighborhoods, discriminatory lending that made starting businesses nearly impossible, and workplace discrimination that continues to limit advancement opportunities. Even today, Black professionals face lower promotion rates, systematically lower pay for equal work, and higher job instability during economic downturns.
The Saunders understood this reality. Rather than betting their future on corporate advancement – a system where the odds were stacked against them – they chose to create wealth outside traditional pathways. After paying off $200,000 in debt, they built multiple income streams through their blog Rich & Regular, secured a book deal, and invested strategically in real estate. Their approach acknowledges a hard truth: in a system where Black professionals are systematically undervalued and underpaid, relying on a single corporate salary is just too risky.
Their message to other Black Americans is clear: building wealth is possible, but it requires thinking differently. It means creating your own opportunities through entrepreneurship, developing multiple income streams, and finding ways to build wealth that bypass traditional gatekeepers. While their success won't dismantle systemic racism, their strategy offers a practical blueprint for achieving financial independence despite these persistent barriers.
Want to see all full key ideas from Cashing Out?
Key ideas in Cashing Out
More knowledge in less time
Read or listen
Get the key ideas from nonfiction bestsellers in minutes, not hours.
Find your next read
Get book lists curated by experts and personalized recommendations.
Shortcasts New
We’ve teamed up with podcast creators to bring you key insights from podcasts.
What is Cashing Out about?
Cashing Out (2022) challenges the traditional financial advice often given to Black Americans, arguing that conventional corporate career paths and wealth-building strategies alone aren’t enough to overcome systemic barriers. Instead, it offers a practical roadmap to financial independence – one that prioritizes breaking free from corporate America through multiple income streams, strategic investing, and a redefinition of wealth.
Who should read Cashing Out?
- Black professionals looking for practical strategies to overcome systemic barriers
- FIRE-curious individuals who wonder if the movement is for them
- First-generation wealth builders ready to break cycles of financial insecurity
Categories with Cashing Out
Book summaries like Cashing Out
People ❤️ Blinkist
Sven O.
It's highly addictive to get core insights on personally relevant topics without repetition or triviality. Added to that the apps ability to suggest kindred interests opens up a foundation of knowledge.
Thi Viet Quynh N.
Great app. Good selection of book summaries you can read or listen to while commuting. Instead of scrolling through your social media news feed, this is a much better way to spend your spare time in my opinion.
Jonathan A.
Life changing. The concept of being able to grasp a book's main point in such a short time truly opens multiple opportunities to grow every area of your life at a faster rate.
Renee D.
Great app. Addicting. Perfect for wait times, morning coffee, evening before bed. Extremely well written, thorough, easy to use.
People also liked these summaries
4.7 Stars
Average ratings on iOS and Google Play
37 Million
Downloads on all platforms
10+ years
Experience igniting personal growth