I have also read all of Robert Kioysaki’s books and yes he says that money in your family home is lazy money. However, he aslo says if you have a lot of money and don’t really know what to do with it or how to invest it properly you are far better of putting it in the bank WHILE YOU EDUCATE YOURSELF HOW TO USE IT BEFORE YOU invest IT” So if…[Read more]

Qoute “We are what we repeatedly do. Excellence, then, is not an act but a habit” Aristotle

I fully believe that you really need to want something so bad that you cannot accept not having it in order to be able to keep motivated. For some that may be money, for others something else. Also, after you have gotten used to constantly being…[Read more]

I may be risking a lot of critique for sying this but there seems to be lot of negativity in some of the posts. Lighten up and don’t be so quick to point fingers, the only way to move up and forward is through an open and positive mind.

By the way Steve did say during this weeks masterclass in perth that he has in fact stopped buying…[Read more]

Congratulations on having some money to invest.

I would just like to qoute Robert Kioysake “If you have money and don’t know what to do with it, well, then put it in the bank untill you do”

I think he means that it is best first to invest in your financial literacy before putting a lot of money on the line. he also recommends to start…[Read more]

It is a tricky question and regarding staying with your parents, I stayed with my parents in law when me and my wife first moved to Australia from Europe and it almosrt caused a divorce. However, haveing said that I was very grateeful for their help but for us it was never an option to stay there. In other words it very much depends on…[Read more]

Not sure if I am able to shed some light on this but I’ll do my best.

I am living in WA and in a part that is going through a huge boom during the last two years. I get people knocking on my door every two weeks to ask if I might be interesting in selling and that they will give me a free market apraisal. I know their is a shortage of…[Read more]

Professional to me means someone who is getting paid for what they do and that they have credentials in the area they are getting paid for.

I am involved in the medical profession and I can garatee you that I would not just go to anyone who has got a medical degrre if it was my health on the line. I would go to the best in that…[Read more]

I am very exited for you and it’s great that you are getting started.

Every deal is individual so there is no telling which one is the better without having crunched all the numbers. If you don’t know how to do that don’t worry, Steve has got a lot of available resourses that are fairly cheap considering how much money they may save you…[Read more]

Congratulations, that is exiting.
Just remember that according to Steve: Either you pay there price but on your terms or you get a discount but the deal will be on their terms. I suppose if you can get away with both that’s even better but probarly not a win win outcome as Steve recommends

Cheers

jb

Steve and Dave are currently investing in the US and they believe there are many good opportunities there but, hmm, I suppose there is always a but. During this weekends masterclass in Perth Dave did warn that investing in the US is different from here and there are more things to consider. Dave also mentioned that during his last trip to…[Read more]

It sounds to me that you do have the right take on it.
In regards to your second question I agree with you but don’t quite understand the question. As far as I understood what Steve said was just that when one of their companies maxed out in regards to how much money the bank would lend to their company they simply started another…[Read more]

First, I am not a professional so any advice I give you is based on that. Please make sure you get proper legal and accounting advice before moving forward.

However, as far as I have understod after reading Steve’s books, wealthduardian and a lot of similar books by Robert Kioysaki (the guy that turned Steve into positive cash flow prop) is…[Read more]

I have had the same trouble finding a savvy accountant and the way I went about it was to contact Destiny Solutions office in Perth (they help people investing in positive cashflow property as well as doing different seminars). I have no personal experience with this company but they were very helpful and asked their clients, who mainly…[Read more]