I’ve read all of Robert Kiyosaki’s books, or most of em at least. Although the story is nice, I don’t really get a whole lot out of his books. I have gotten get two little gems that are very important and probably worth the effort in reading the books to begin with negating my original slam of Mr K.

The first thing is changing your mental perspective in what can make you money and what can’t. The second important item is getting your mind to focus on how important cash flow is when evaluating property for rent. Its also helpful to know even when speculating in real estate for flipping etc in case you ever have to fall back on renting the property if the thing won’t sell. However, thats another story and if you follow SR you know I want nothing to do with Real Estate unless I see foreclosures.

The sage of Omaha sums up pithily: “The dumbest reason in the world to buy a stock is because it’s going up.”

Personally, I would say, “The dumbest reason to buy anything is because the price is going up.” Yet that’s what people do when they invest. They generally don’t buy high-priced things when they shop.

Read about the article here

[tags]Rich Kiyosaki, real estate[/tags]

Thanks for reading

Want to know when I post again? Subscribe to the StockRake feed: .