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The Wealthy Code; What the Wealthy Know About Money That Most People Will Never Know! Paperback – October 26, 2010
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Second millionaires have better things to do with their time, and many do not want competition, Thirdly the wealth teachers have no weath except what you give them, then the move on to the next sucker group. and the next city,
Being a self made millionaire I find this an insult to hard working business people. scam alert ;
The negative is the dangerous assumption this book makes, as do all the other authors in this genre. They assume ever increasing asset prices on the real estate investment portion of their advice. Surprise, here comes 2008 and that is not always the case. If you would of put many of these authors plans into play from 2002 to the present (2011) you are most likely in serious financial condition concerning the equity left in your holdings compared to what you owe on your loans, ouch. One must never assume that an asset price increase is a guarantee.
That said, the present real estate condition is once in a lifetime and will at some point create advantages for investors again.
My number #1 reason is that this book has at least one diagram per page. Now, I know how that sounds, however, keep in mind the author covers advanced concepts in simple terms with diagrams that help explain key concepts. So having diagrams on practically every page was absolutely helpful.
Also, every chapter has a summary of main lessons learned in that chapter. Great also.
I had heard of SOME of these concepts in the past, but never understood them well. The author put all these together and connected all the dots for me. I found myself finally understanding the concepts (although I had to read things several times sometimes carefully) and how they all inter-relate.
Reading this book, you find yourself going "a-ha" many times, and realizing that it is building your confidence in generating passive income.
I wish I knew this years ago.
PS: I recommend you download the free software while reading the book so that you can follow the examples better. Download it early on in the book.
I see other reviews mentioning Rich Dad Poor Dad. I am not a big fan of Robert Kiyosaki. I think this book is way better.
My background is a real estate developer (since 1980's). I have read many books on investing, and I can tell I learned things in this book that I have never seen before, even as a seasoned investor.
The only downside is that I wish the book had more examples. Other than that, it is very well done.