Most Helpful Customer Reviews
14 of 14 people found the following review helpful:
5.0 out of 5 stars
Fantastic book - don't miss this one, October 30, 2010
This review is from: The Wealthy Code; What the Wealthy Know About Money That Most People Will Never Know! (Paperback)
I just finished reading this book and wish I had read it years ago. Like everybody else, I've always wanted passive income, but have never really known how to get it. Some gurus say real estate, some say stocks, some say businesses... I've been so excited with this book because it teaches EXACTLY what is needed to know about building wealth without any of those investment strategies that the other gurus keep shouting about. The author explains the key things that wealthy people know about generating passive income. So whether you decide to use real estate, businesses, or whatever, the concepts apply to them all.
The author also discusses the specific things to watch out for, including how to lower risks and more on risk mitigation, something no other book I've read talks about. I've always heard that `leverage is safe,' but the author shows that's not really the case. He then describes not only how to lower the risks, but how to create wealth with the risk mitigation pieces in place.
I could keep on about the different things I learned in the book, but the bottom line is this: forget the others, this book is a MUST read for anyone who REALLY wants to become wealthy.
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6 of 6 people found the following review helpful:
5.0 out of 5 stars
Excellent book packed with useful information, October 26, 2010
This review is from: The Wealthy Code; What the Wealthy Know About Money That Most People Will Never Know! (Paperback)
This book is a great companion book to Robert Kiyosaki's: Rich Dad Poor Dad. George walks you through how to implement wealth building strategies based on the financial freedom principles from the Rich Dad Poor Dad book. This book has completely changed the way I look at my own finances and has given me practical step by step ways to change the way I handle my money to start building wealth.
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5 of 5 people found the following review helpful:
5.0 out of 5 stars
Impressive Book on Leverage, November 22, 2010
This review is from: The Wealthy Code; What the Wealthy Know About Money That Most People Will Never Know! (Paperback)
Let me start by saying this: There is some good and bad about this book.
Let's start with the GOOD: This is simply a brilliant book about using leverage to build wealth. It covers information I have never seen anywhere else, and now that I know it, I find it hard that no one has taught this in the past. So this is TRULY a "must have" for any serious wealth builder or investor. I will simply say, GET THIS BOOK! Most authors talk about "good debt" and "bad debt" - this seems so naive now having read this book.
Now for the BAD: I asked my friend to read this book. He had never read any books on investing etc. He got lost. He was not sure what "passive income" and some other terms meant in the book. He is an absolute beginner. So I am not sure this is a book for an absolute beginner. If you are not sure what "residual" or "passive income" means, what "income properties" mean etc, I would recommend reading "Rich Dad Poor Dad" before reading this book. In fact, the author recommends the same book as well for beginners.
I decided to give this book a 5-star because I can say that this should be part of every investor's library. I would rank it up there with the best. However, make sure to read it twice - lots of information.
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