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Questions from Readers for Robert T. Kiyosaki
Hello and thank you for the question, I want to start off by saying that this is your life, your money and your decision. Asking for advice is good, but you must do your own research and ultimately make the decision. While one great advantage for real estate in the US is the 1031 exchange, it is certainly not the only advantage. Real estate generally has many tax and legal advantages. It also has the ability for one to take on great debt, have someone else (your tenants) pay off your debt while you keep the asset. I do not know the taxes or laws in Bangkok, but I would take the time to get educated about them to know if investing there is good for you. The idea of your turning over your hard earned money and giving it to someone else is the mindset that has eroded our society. It is a lazy mindset and one that refuses to take responsibility. If you do not know what to due with your money, then find out! Look at the four assets (commodities, paper, real estate and business) find out what interest you, get educated, build a team and take control of your future. It sounds like you have the start to a good real estate team in Austin. Leading a great team is the way to wealth. From what you've written, it sounds like you are missing a good broker to bring you the deals. Ask your existing team members for recommendations. Interview until you find a broker who has access to deal flow, understands the cash flow investing mindset and who invests him/herself. Once your team is solid, you will get the deals you need and have the ability to take advantage of the laws and tax benefits to real estate. You are off to a good start. Keep getting educated and build up your team.
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Most Helpful Customer Reviews
1 of 1 people found the following review helpful:
5.0 out of 5 stars
Rich Dad's CashFlow Quadrant,
This review is from: Rich Dad's Cashflow Quadrant (Paperback)
http://www.amazon.com/gp/product/B001IAUKM4/ref=cm_cr_rev_prod_img
This book is excellent reading and is inspirational for a person who doesn't realize the difference between a employee and a rich man or woman. How it relates to a career as an employee or a self employed person versus a business and investment person. How this CashFlow Quadrant affects our lives, past and future. I would suggest all who haven't read this do so ASAP and hopefully they will understand how to change their life for the better. I myself have started , I just wish I knew this information when I was younger, but your never to old to change for the better. Thanks to Robert T. Kiyoski, writer of this wonderful book.
5.0 out of 5 stars
Overlooked...,
This review is from: Rich Dad's Cashflow Quadrant (Paperback)
This is THE BEST of Robert Kiyosaki's Old Testament, second only to the book of "Rich Dad, Poor Dad"/Genesis perhaps. I don't know too many business authors who are not familiar with its workings, and especially the prestigious-irrefutable cash flow quadrant model. Upon that, I don't know of too many business people, who are successful, who do not look to it ever so often. Shshsh....I don't know of too many financial gurus who don't refer to, and use it from time to time. Just Google, "Cash Flow Quadrant", and see. This is a heavy weight in business literature only its fame dims beside its predecessor, "Rich Dad, Poor Dad", and for that reason is often overlooked. But for the record, yes, "Rich Dad, Poor Dad" is memorable, but "CashFlow Quadrant" CANT be forgotten, as I said the business community will constantly keep it in your face.
[Sigh] Now to the book, which explains the ONLY four ways anyone can, and ever will make money (a bodacious claim but he manages to pull it off). He opens with an amazing lesson about entrepreneurs and employees that his Rich Dad would tell him as sort of a children's bedtime story. He also explains the difference between small business people, and small business people with high growth potential. Yet, he does it in laymen, which is why the Rich Dad series stands out from other hard to read business literature. This is one of those overlooked classics in my opinion, as it is often bunched with the collective set of first books from Rich Dad. But it should not be, since it is used more widely as a concept in the global business community...a history changer for sure!
5.0 out of 5 stars
Great Lessons in the Book - Read it,
This review is from: Cash Flow Quadrant (Paperback)
This is a great book on financial education. The lessons if followed work. For more free book summaries check out successprogress.com
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