Rich Dad Poor Dad by Robert Kiyosaki gid investment advisers

In this book,Rich Dad Poor Dad, Robert Kiyosaki publically voices his concerns that most of the people in the world today do not have even a basic financial education. He is concerned that everyone is growing up with the beliefs that you have to go to school, study hard and get a good job. Robert shares why he thinks this formula to get rich seldomly works.

I read this Rich Dad Poor Dad for the first time about two years ago and it really opened my eyes to see that there is an easier way to make money than getting up and going to work every day. Robert calls this the Rat Race and explains how people become trapped in this cycle year after year after year. He tells us how everyone can escape the Rat Race, but they must first learn basic financial intelligence.

The entire theme of Rich Dad Poor Dad is based around trying to give the average person a new point of view on money and how to make money. He shares with us that he comes from an average middle class family, and that his parents also taught him to get a job in this case his real dad is Poor Dad. While growing up, Robert had a friend whose dad had not completed school but was steadily building a business and assets and Robert was fortunate enough to spend much time with him while growing up, he is Rich Dad.

Robert talks of the lessons he received from Rich Dad while growing up. These lessons include the following:

• The Rich don’t work for money
• Why Financial Literacy is so important
• Why you should mind your own business
• The history of taxes and the power of owning a corporation
• The rich invent money
• Work to learn – Don’t work for money

The key difference between the Poor, Middle Class and the Rich are what they buy. The poor and middle class buy stuff and liabilities, but the rich buy assets. Of course the rich do buy liabilities, but the difference is the rich buy these liabilities with income generated from assets, not from earned income.

Part of the general lack of financial knowledge, most people have no idea how to read financial statements. They don’t know what Income Statements or Balance Sheets are. Robert shows us a very basic way to read these statements using graphical diagrams. Using these diagrams Robert shows us the difference in cash flow between the classes and how it’s really not complicated to change our spending habits and escape the rat race.

Magnetic Sponsoring by Mike Dillard gid investment advisers

Magnetic Sponsoring is the book that inspired me to create this very website. I was doing a search on the internet one evening for ideas and places that I could buy network marketing leads that I could cold call and hopefully grow my business. I was not too thrilled at the idea of cold calling strangers to try and convince them to join me, but at the time I thought it was the best thing to do. While doing my searching, I noticed a Google-Ad which read:

MLM Recruiting Made Easy
Stop Wasting Money and Time on
Leads and Cold Calling. Learn How

I clicked on the link and was taken to a page that offered a free 10 day boot camp. I signed up and every day for 10 days I received emails from Mike Dillard with tips on how to network effectively. I was amazed at the simplicity of the information he was sharing and also with how frank he was getting his point across. I liked him.

In one of the boot camp emails Mike shares the below quote by Perry Marshal.

“Nobody who bought a drill actually wanted a drill.
They wanted a hole.
Therefore, if you want to sell drills, you should advertise information about making holes – NOT information about drills!” – Perry Marshall

That quote really made me sit up and think. I realised I was going about network marketing the wrong way. I was trying to sell my business, yet people aren’t looking for a business, they are looking for the benefits that a networking business can offer.

This single eye opener was enough to convince me to buy the Magnetic Sponsoring book he was offering.

In Magnetic Sponsoring, Mike Dillard goes into good detail as to what this business is really about, and why most people that get involved fail. Controversially, he also talks about why he thinks the information handed down from our up-line is not necessarily the best way for us to build our business. Mike also discusses what mindset we should have if we want to be successful, and he provides information on how to develop the mindset for success.

I think that the most important chapter in Magnetic Sponsoring is: Being a Professional. You need to treat this business like a business! If you treat this as a hobby, you will earn “hobby” money. If you treat this like a professional business, you will earn like a professional.

Some of the most useful information that Mike shares in Magnetic Sponsoring is how to generate leads that are in your target market for free. This information alone has enabled me to build a list of leads of hundreds of people.

I have read Magnetic Sponsoring three times now, and every time I read it, I get another gem of information that I missed before, and I put it into practice. The more I practice, the better I get at it. I will read Magnetic Sponsoring many times more in the future, and I am sure I will still get loads more priceless information from it.

Real Estate Riches By Dolf de Roos gid investment advisers

Real Estate Riches. Dolf De Roos has an amazing passion for property investment and this is noticeable from the first page of his book, Real Estate Riches. It’s hard not to feed off the positive energy that he creates as he slowly reveals more and more reasons why property is such a good investment. In fact by the end of the book you are left wondering why you haven’t figured this out yet as it seems so simple and you’re not sure why every man and his dog do not invest in property.

Dolf covers all the basics in this book, starting with the age old anomaly, why do you have to have a job? Most of us are terrified of the thought of not being employed as we feel secure in the knowledge that every month we will have earned a small amount of money to get us

through to the next month’s pay check. Dolf explains how you don’t need to have a job to keep the money coming in each month.

He covers the reasons why property is the perfect investment and how to go about leveraging other people’s money to end up investing as little as possible and how to create phenomenal returns from that investment. He details how much work is involved to find those great deals, but leaves you feeling confident that it’s just a numbers game and should you put in the time to search for your good deals, you’ll certainly find them!

Dolf mentions interesting ways of adding value to properties and even more interesting ways of how to get the most out of what you put in, be it time, money or alterations to your properties. He covers in great detail the difference between yields and cash on cash returns, how to work them out for each of your properties and how to use them to your advantage.

For anyone who wants to understand how people make money from property, Real Estate Riches is a book to read. For anyone who wants motivation to get into property investment, Real Estate Riches is a book to read, and for anyone who thinks they’ll keep on renting, Real Estate Riches is certainly a book to read. I’ve decided to finish with an extract from the book, so over to Dolf.

“We are going to be dead for a mighty long time. Every moment counts. Make the most of life. Decide what it is you want to do, and go out there and do it. If you’re not having fun, change something until you are. Decide what it is you are passionate about, and then pursue it with vigour. Keep your eyes open! Don’t spend too much time sleeping. Once today is over, it is gone for good. Remember, the Deal of the Decade comes along about once a week. Find a couple for yourself. And most important of all, have some fun along the way!”