Book Recommendations

[BigATLslim]

Damn, LICK. You are on it. These two niggas was just on tv about two weeks ago on CNBC. Have you finished it yet? It was going for half price here in the "A" in the mall at Walden Books.

 

[Lick]

Damn, LICK. You are on it. These two niggas was just on tv about two weeks ago on CNBC. Have you finished it yet? It was going for half price here in the "A" in the mall at Walden Books.

Not done with it yet but I am on Chapter five, "What motivates you"?
I like the way this book is laid out with Robert's view and then Donald. I must say I'm learning a lot. Better make that paper yall abd then make the paper work for you!
Stay up!

 

[Chase Bannon]

Just started to read this book by Donald Trump & Robert Kiyosaki entitle “Why We Want You To Be RICH”.
So far so good!
Stay up!

Is this book any good or just another selling tool for these guys?

 

[Lick]

Is this book any good or just another selling tool for these guys?

In my opinion, it is a very good book full information and if a person use it and put it to work for them it can very well change their financial life. However, I know a lot of people that have all of the books, tapes, CD/DVD’s and go to all of the seminars and do not put any of it to work!
The key is to put it into action!
Stay up!

 

[Legacyns]

Dawg are you missing the point or what???
Everyone knows that a home that is “free and clear” of a note is an asset. The book is trying show another way of identifying true wealth. If you are carrying a note on the home with no income generated it is a liability to you and an asset to the one/bank that holds the note.
Liabilities eat or are a drain to your wealth and assets feeds or add to your wealth.
Think about it for a sec…. Stay up! “LICK”

Yeah, I think the strategy wealthy folx have been using is to have a mortgage but take out equity loans & invest to receive a higher return than the interest rate on the mortgage.

People who are successful at doing this generate enough from the investment to cover the mortgage + any additional growth.

 

[Lick]

Yeah, I think the strategy wealthy folx have been using is to have a mortgage but take out equity loans & invest to receive a higher return than the interest rate on the mortgage.

People who are successful at doing this generate enough from the investment to cover the mortgage + any additional growth.

Yes... That is one part of the game that is working very well!
Stay Up!

 

[Disanddat]

Rich Dad books has a lot info but it is simplified . One of the best strategies in it is to form a company that will pay for you expenses. That way you get taxed only on residual income but you have to be very careful not to land in jail for fraud with this.

But key advice is to learn basic cash flow analysis and accounting. I am going to write a little note on cash flow analysis (for free) once I have a little more time. It will show how to use excel (or any spreadsheet) to analyze loans. (Very Very basic but I find a lot of people don't know it).

 

[Lick]

Rich Dad books has a lot info but it is simplified . One of the best strategies in it is to form a company that will pay for you expenses. That way you get taxed only on residual income but you have to be very careful not to land in jail for fraud with this.

But key advice is to learn basic cash flow analysis and accounting. I am going to write a little note on cash flow analysis (for free) once I have a little more time. It will show how to use excel (or any spreadsheet) to analyze loans. (Very Very basic but I find a lot of people don't know it).

Looking forward to it Bruh.
Stay Up!

 

[puertorock2005]

The Intelligent Investor by Benjamin Graham. it was published in 1959 but is a must read for future investors