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Originally Posted by Cynthetiq
I believe Kiyosaki makes most of his money now more from book advances and royalties than he does from his other touted investments.
re: properties
There's lots of properties out there to be purchased that are undervalued. They exist all over the world. One just has to know what to look for usually it's not a turn key property to purchase and flip. Most are fixer uppers in some capacity, some list as fixer upper, sweat equity, needs work, or something indicating that you need to put some effort into the property. It would be best if you could do the work yourself, and save some more money. Or you could do like I do and include that into the cost of doing business and cap the amount to a reasonable price, somewhere in the $5,000 range to get the property sale/rent ready. Money for this can come from a HELOC (home equity line of credit) or your credit cards that you've paid off (not suggested.)
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Actually I think Kiyosaki is making more from his seminars... have you ever seen the prices? 5k to see him and his experts talk. And by talk I mean pitch you 20k courses.
Now mind you I should clarify - the book changed my life because it got me off the couch. It doesn't ever actually tell you WHAT to do, or HOW to do it, it just inspires you to get up.
For a book with a little more "how to" behind it. There's
Escaping the Middle Class - by Doug Anderson. It's not an exact step by step - but at least it gives more of an outline as to structure.