Hi,
Here’s a great article on Kiyosaki.
Regards,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Interesting…
What do you have to say about this, Steve?
Dev* [kid]
Hi Devilc8,
At first I was a little surprised on the basis that great deals exist in all markets.
However, on a closer read, I’d say that Kiyosaki was just returning to basics by saying that speculation on property gains is much riskier than investing for cashflow.
When the market is booming there are more gains to be made by speculating, however this is not sustainable as the run will eventually end and those over exposed usually suffer significant losses.
All in all though, it comes down to managing your portfolio and ensuring that you are using skill to underpin your profits rather than luck.
What did you think of the article?
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
As has been said before there is markets within markets and you cant generalize..Rich KIYOSAKI is still buying real estate, he’s just being a bit more choosy, maybe property has ‘peaked’ in his nick of the woods also..
How about yourself Steve, your philosophy seems to have evolved as well??
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI found it interesting that Kiyosaki mentioned that the Australian government has decided to create a national program for teaching financial literacy to children.
Does anyone know more about this? It’s the first I’ve heard of it.Danny
I’ve spoken to some teachers that claim they are teaching kids how to buy stocks.
I think they are confused, they don’t teach anything about stop losses or risk management and without that in place, I would call it GAMBLING!!!
We buy properties in all conditions. Can offer Immediate Cash Settlements, No Real Estate Agents Required
[email protected]
phone 0412 437 582I reckon one of the best learning things for kids is plain old monopoly. In our house (when dads not too tired)I think I get the biggest kick out of it. My kids are 10 , 8 & 6. Just seeing them get a buzz from it and watching their personality ……….. And hopefully no tantrums!!!!!
Shawn
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