Kenny Tran to Learn & to Share

Self-confidence coupled with high financial IQ can certainly earn more for you than merely saving a little bit every month.

Make good use of your time and find the best deals.

An example: In the early 90’s the Phoenix economy was bad. Homes once valued at 100,000 sold for 75,000. Kiyosaki shopped at bankruptcy courts and bought the same houses at only 20,000. He resold these properties for $60,000 making a cool 40,000 profit. After six more transactions of the same manner he made a total 190,000 in profit and it only took 30 hours of work time.

Rich Dad explains there are Two Types of Investors:

1. Buyers of Packaged Investments. This is when you call a retail outlet, real estate company, stockbroker or financial planner and put your money in ready-made investments. It’s a simple, clean way of investing.

2. The Professional Investor. Design your own investment. Assemble a deal and put together different components of an opportunity. Rich dad encourages this type. You need to develop three main skills to be this type of investor, namely how to:

   • Identify an opportunity everyone else has missed.

   • Raise capital

   • Organize smart people

Identify an opportunity everyone else has missed.

Learn to identify hidden Freebies in business deals. For example: The real business of McDonald’s isn’t hamburgers. It’s the free real estate underneath each franchise, on every important intersection, in cities all over the world that is the real wealth of its owners.

THERE IS ALWAYS RISK. You need to learn how to manage risk and not avoid it.

Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not!

DOWNLOAD many high quality ebooks ABSOLUTELY FREE. Simply sign up now using the form below. (More details can be found on the right column.)

Name:
Email:

1. A valid email is required so that I can send the ebook download links to you.
2. Every email sent to you from me contains an easy one-click unsubscribe link.
3. I HATE SPAM as much as you do. Your info is totally SAFE with me.

Possibly Related Posts

• Lesson 6: Work to Learn -Don’t Work for Money
• Lesson 4: The History of Taxes and the Power of Corporations
• Lesson 3: Mind Your Own Business
• Lesson 2: Why Teach Financial Literacy?
• Lesson 1: The Rich Don’t Work For Money