You No Longer Have to Be A Millionaire to Be An Accredited Investor

SEC qualifies anyone holding a Series 7, 65, or 82 license able to invest

Cassandra Rivera
4 min readSep 14, 2020
Photo by Ben White on Unsplash

If anyone has ever read Robert Kiyosaki’s, “Rich Dad’s Guide to Investing” you may remember when Rich Dad tells Kiyosaki that some investments are illegal for the poor and middle class to invest in.

Rich dad explains that certain rules were set in place by the Securities and Exchange Commission (SEC) in order to “protect” the lower classes from riskier investment options. This also has prevented many from investing in some of the most “profitable” investments too.

Accredited investors can invest in the lucrative world of, private placements, hedge funds, private equity, venture capital, and equity crowdfunding. Private or unregistered securities are considered inherently riskier and hence, the rules were enacted.

The SEC developed qualifications and rules under the Securities Act of 1933. Here are the rules for individuals broken down by Wikipedia.

In the United States, to be considered an accredited investor, one must have a net worth of at least $1,000,000, excluding the value of one’s primary residence, or have income at least $200,000 each year for the last two years (or $300,000 combined income if…