 DISCLAIMER - I am not a Financial Advisor and do not work for any Brokerage Firm. The opinions given are my own and are not to be used as professional advice. These are my findings and can hopefully help you make informed decisions on investing. Consult a Broker or Lawyer before making any investment.
WHEN TO START INVESTING? Nothing is greater than having a loving family. We need to take steps to provide for our family, and that includes investing. What is the best age to begin? Many start in their 60’s, some in their 50s. Fewer in their 40s, even less in their 30s, and almost none in their 20s. The younger you are the less we seem to think about retirement. You think retirement is WAAAYYYYYY out there. Reality is it is on you before you can blink. The sooner you get started, the easier it is to accumulate a large amount of money. As a young person, it is hard to make the mature decisions that will give you excellent long-term results. I want to tell you a little about my own personal life and how I viewed investments starting in my 20’s. I was no different than most people in my young years. Having the cool car and motorcycle was way more important than worrying about saving money and investing. It made little difference at all to me. I preferred striving for the fastest drag racing car in those years. Riding dirt bikes was way more important in my 20s and 30s than investments. Being a Christian, God dealt with me about my lack of service to him, and in my early 20s, I gave up the dragstrip and started serving God on Sundays. Soon I got married and after a few years, we purchased our first home. At the tender age of 27, my first son was born. Investments weren't on my mind at this point. To me, I had my whole life in front of me. In my 30s, I finished up my college studies and began some investment study. I opened my first brokerage account at Merrill Lynch and was blessed with a great broker. The problem was he could not change my spending habits. Even after I started my consulting business and began making a lot of money, I could spend $1,000 more than I made, sometimes even in a month. The more I made, the more I spent. I blew a lot of money and didn’t save any for retirement. We had more children and decided to move to the country and buy land and build a large 4-bedroom home. With over 50 acres of land, we built 4 wheeler and motorcycle trails and bought more and more toys. The older the kids got, the more expensive the toys became. We also worked a lot in those days and built barns and raised cattle and horses. It was a lot of fun, but as before, we continued to spend more than we made. By the time I bought all the horse trailers and other ranch equipment, I was now spending as much as $20,000 more per year than I was making. This was accomplished by having too much credit limit on several credit cards. We traveled in those years and spent over $5,000 yearly on vacations. Someday I would easily pay it all back I thought as I made more and more money each year. When I got into my 40’s, I saw that things were out of control and sought help with Consumer Credit Counelling. With their help, I would have made it out of the bondage, but some business situations went south and I wound up having to declare bankruptcy and start over. It was in my 50s when this bankruptcy happened, and in a way, it was a blessing. I sold the big home and did a restart on my finances. With help from Dave Ramsey and his book Total Money Makeover, I finally saw the danger of debt. We got out of debt totally in 2021 and I got serious about investing. We started multiple IRAs, but by waiting so late to begin, I lost the edge in compounding. The Compound Effect by Darren Hardy explains how compounding is a great blessing in life and especially so in investments. My issue was a lack of self-discipline. Read my articles on Resilience and Determination which are attributes we need to acquire. Article on Resilience Article on Determination My lack of understanding about Compounding really hurt me. In my college years, I did study the Rule of 72 in accounting at college. The Rule of 72 In summary, the rule of 72 shows you how long it will take to double your original investment based on a specific rate of return. You take the interest rate and divide it into 72 to determine the number of years it will take to double your money. Examples: Interest Rate No. Years Calculation 6% 12 72/6 10% 7.2 72/10 12% 6 72/12 20% 3.5 72/20 In reverse, the rule of 72 can tell you what interest rate (return) it will require for the number of years to get it doubled. Divide the years into 72 to get it. If you want to double in 4 years, it will take 18%. (72/4) So, a practical example of this would be if you could make a consistent return of 12% every year, your money would double every 6 years. Think of the number of times that would happen if you started at age of 23 versus 59. If you started at age 23, you would double your investment 7 times before 65. 65-23 = 42 42/6 = 7 But at age 59, it would only double one time until you are 65. HUGE HUGE difference. The sooner you start, the sooner you can acquire a huge sum in your retirement account. Show discipline in your life and start now. If you are young, take my word for it. You really need to start now. Don’t wait until you are in your 50s as I did and miss all the simple compounding of investments. The simplest and most direct way is to start investing now in a Roth Ira. Differences in Traditional and Roth IRAs By investing in a Roth IRA, all of your Interest, dividends, and capital gains are never taxed. You don’t get a break on your initial contribution as you do on Traditional IRA, but there are no taxes on withdrawals and no forced RMDs. (Required Minimum Distributions.) If you already have a traditional IRA, it is ok to use it. But you will have to pay taxes on your distributions. One option is to convert it to a ROTH IRA and pay the taxes now. Each situation needs to be evaluated. An accountant or tax planner can give you good advice. But the answer to the question of “When To Start Investing” is TODAY. If young, get started now. If old, get started. But the sooner you begin the sooner you will start having success. Study and read about investing every day. Read books by Robert Kiyosaki and Joshua King. (Kindle books) We have many articles in our Investment’s tab. Read all of our investment articles and pick a good strategy to invest and consistently fund your IRA while you can. You must have Earned Income to make contributions. List of All Investment Articles List of all Minimalism Articles Facebook Internet Direct Store http://www.InternetDirect.us Internet Direct Laptops
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 DISCLAIMER - I am not a Financial Advisor and do not work for any Brokerage Firm. The opinions given are my own and are not to be used as professional advice. These are my findings and can hopefully help you make informed decisions on investing. Consult a Broker or Lawyer before making any investment.
Book Review – Wealth Can’t Wait by David Osborne and Paul Morris I loved reading this book. The authors did a great job of asking the right questions to get all of us to invest and realize wealth is attainable and not so hard to attain. But it does take some effort. A few months ago I wrote an article about the importance of obtaining passive income and pointing out that The Calvary Is Not Coming. It is our job to manage our investments and no one is going to do it for us. This book is all about teaching us how to acquire wealth. The authors said many are born on third base by either inheriting money, marrying into wealth, or winning the lottery. The rest of us unfortunately wind up having to hit base hits or even worse, we strike out. This book teaches you how to have the right mindset to gain wealth and to develop the right skills to empower your freedom. Building wealth requires us to make different choices, think different thoughts, practice different habits, and conduct business differently. Building wealth is a lot like building muscles. It requires repetition and consistency to get there. We have to apply what we learn, and then do it over and over again. You don’t go to the gym once and expect to have strong muscles. It is the same with gaining financial knowledge. It takes continual study. I believe the best part of this book is listing the 7 Wealth Building Traps. If you are doing any of these 7 wealth traps, it will prevent you from gaining wealth. I think all of us have been guilty of most of these sometime in our life. If you are doing any of these, make it a point to stop doing it and move forward. The 7 Wealth-Building Traps Trap Number 1 – The Stable Cushy Job Being satisfied with where you are financially is not a good plan. You must reach beyond your job. Staying comfortable with where you are will never gain you much wealth. It takes being purposeful and building a network to get you there. Sometimes being satisfied keeps you poor. Trap Number 2 – Risk Avoidance No one wants to lose, but nothing ventured guarantees nothing gained. The biggest risk in this life is to never take a risk. Building wealth requires taking some risks. You may fail, but failure is not forever. Pick yourself up, learn from the failure, and try again. Trap Number 3 – Viewing Wealth Negatively Many people view rich people negatively. Money is not the root of all evil as many believe, but it is the LOVE of money. Having money gives a person freedom. You should celebrate the desire to gain wealth and see it accurately as nothing more than a path to freedom. Trap Number 4 – Not Staying the Course You will win some and you will lose some. You have to keep on keeping on if you have a loss. A loss is never a defeat unless you fail to get back up and fight another round. Take your loss, learn from it, and keep on trying. Don’t quit. Trap Number 5 - The Weak Social Circle Who do you associate with continually? If your circle of friends does not include some people who are striving for wealth it can hold you back. To get where you need to be, you may have to let a few negative friends go. You don’t have to disown them, just seek good uplifting friends with drive and purpose and spend more time with them. Trap Number 6 – The Victim and Negativity Trap You must realize that you are not a victim. Your financial condition is not the government’s fault or your teacher's or school’s failure to teach you the needed skills to become wealthy. If you are surrounded by victim culture or people who are negative about wealth, change your surroundings. Don’t blame your situation on someone else. Take responsibility for yourself. It is VERY hard to move forward with a positive vision when you are lugging around a negative event from the past. The past is done and gone. Change and success begin today. Today is the only day any of us have control over. Yesterday is gone, and tomorrow never comes. TODAY… do something to start your path to wealth. Move forward with a positive mindset. Don’t let any bad occurrence hold you back. Wealth Trap Number 7 – The Know It All Nobody, nobody, nobody knows it all. Unfortunately, there is one know it all in every crowd. Stephen Hawking said, “The greatest enemy of knowledge is not ignorance, but it is the “illusion” of knowledge.” You must understand that not everything you learned in your life in school is a fact. Perhaps even things that have happened to you gave you an idea of fact when it was something different than you perceived. What we think to be ‘true knowledge’ may not be factual at all. When a person thinks they know it all, it stops curiosity, and when we stop learning we stagnate. The illusion of knowledge (the Expert Syndrome) stops curiosity, hinders teachability, and limits your journey. We all need courage Don’t fail to try. “Courage is being scared to death but saddling up anyway.” John Wayne Starting your wealth-building journey is not about what you know. It is about having the courage to dive in and a willingness to learn. Things change and that means you can’t stop studying investments. What used to work may not work this year. Thinking you know it all is a recipe for disaster. It may be a bit risky but START anyway. People frozen for fear of failure are guaranteed to not acquire wealth. We must have a learning-based mind. Have a growth mindset. Try new things. Branch out of your comfort zone and try something new. Do nothing and you are guaranteed failure. Checkout the book Limitless by Jim Kwik. for information on thinking with a growth mindset and realizing that current teaching methods may fail you. Analyze things and learn from your mistakes. Learn from mentors and then tell others about what you have learned. Be a mentor to others striving to learn about gaining wealth. Share your successes and failures. If you commit to building wealth, it will happen. Have a vision for wealth. First Lady Eleanor Roosevelt once said “It takes as much energy to wish as it does to plan.” In the book, the authors give a 4-Part Plan to Gain Wealth.
“Even a bad plan is better than no plan at all.” Peter Thiel Once you have a plan, break it into small manageable action steps. Then move on step one, then step two, etc. until you are moving in the right direction. Life is risky. Doing nothing is even riskier than trying. Get some leverage by learning from talented people. We have thousands of options available to us. Find people and authors who know what they are doing and pattern after them. Let go of perfectionism and take a few risks. If we do that, we can get out of our way. I highly recommend the Wealth Can’t Wait book by David Osborne. It has many other chapters to help you begin your wealth pursuit that I did not cover in this book review. You can only cover the basics in a review. Check out this book and get started on a plan to obtain wealth. List of All Investment Articles List of all Minimalism Articles Facebook Internet Direct Store Internet Direct.US Internet Direct Laptops  Determination is not what comes to mind when you think about minimalism. But to be a good minimalist, it takes determination. We all have to fight the inborn desire to acquire more and more things. When you cut out the excess “stuff” you have more free time. You have less to keep up with, and your expenses are lowered. A few weeks back, we discussed how Resilience is important to have success in life. Today I want to discuss another word that all of us should learn and strive to make part of our day-to-day mindset.
If we can get this attribute into our daily action steps, believe me, it will allow us to have a more consistent life. I want to talk about the word: Determination. The dictionary defines determination as:
As a Christian, almost daily you will be stretched to your limit and face adversity. Can you quickly recover from hard times? We can when we have faith in God. When we ask God for faith, he has promised to give us the desires of our heart. Who in the bible was the ultimate example of determination besides our Savior Jesus Christ? I think after Christ, the first person that comes to my mind is the apostle Paul. Here was a guy, before he got saved, that was fired up to serve God, but he didn’t do it lawfully. Until he found Christ on the Damascus Road he did a lot of things but not according to knowledge. He was a great man in the sight of man, but once he knew Christ as Lord and Savior he became a fired-up Christian. Php 3:4 Though I might also have confidence in the flesh. If any other man thinketh that he hath whereof he might trust in the flesh, I more: Php 3:5 Circumcised the eighth day, of the stock of Israel, of the tribe of Benjamin, an Hebrew of the Hebrews; as touching the law, a Pharisee; Php 3:6 Concerning zeal, persecuting the church; touching the righteousness which is in the law, blameless. Php 3:7 But what things were gain to me, those I counted loss for Christ. Php 3:8 Yea doubtless, and I count all things but loss for the excellency of the knowledge of Christ Jesus my Lord: for whom I have suffered the loss of all things, and do count them but dung, that I may win Christ, Php 3:9 And be found in him, not having mine own righteousness, which is of the law, but that which is through the faith of Christ, the righteousness which is of God by faith: Php 3:10 That I may know him, and the power of his resurrection, and the fellowship of his sufferings, being made conformable unto his death; Php 3:11 If by any means I might attain unto the resurrection of the dead. Paul was a man who never gave up, no matter the circumstances. He knew that God was the one who helped and guided him every day of his life. Through Christ, Paul could do all things. Heb 11:6 But without faith it is impossible to please him: for he that cometh to God must believe that he is, and that he is a rewarder of them that diligently seek him. To have determination, you will certainly need to have a lot of resilience and the ability to stick with things when things go against you. All of these things work hand in hand to make you a person who is very productive in your life. By being determined, you keep on when others quit. When you have determination, little setbacks are just those. Failure is never a failure until you quit getting back up and fighting another round. I read about the qualities that NASA looks for in potential astronauts. The 4 attributes these men and women are required to have are:
I think we can agree that these 4 attributes are also what God desires of us who are called according to God’s purpose. If anyone should be tough-minded with a strong self-image, it should be the man or woman patterning their lives after Jesus Christ. President Calvin Coolidge once said: Nothing in this world can take the place of persistence. Talent will not. Nothing is more common than unsuccessful men with great talent. Genius will not. Unrewarded Genius is almost a proverb. Education will not. The world is full of educated derelicts. Persistence, Determination, and hard work make the difference. Reread the last sentence slowly. Persistence, Determination, and hard work make the difference. I mentioned this next paragraph in my article about Resilience, but it is so fitting for this topic of determination. And what goes hand in hand with determination? Absolutely it is persistence. Day after day you fight again and again. Failures come and failures go, but you don’t give up. Having mule-like determination will allow you to overcome almost any resistance you come up against. Thomas Edison tried over 14,000 tests in trying to create the light bulb. When his assistant said after a few months, let’s give this up. It can’t be done. Edison was reported to have said, “No. We just now know over 10,000 ways that won’t work.” Robert Cavett, a great motivator, once said: “You don’t drown by falling into water, you only drown if you stay there. It’s all right to get down, but don’t get down on yourself.” All of us stumble, but resilience and determination make us keep on going when it is not going our way. We are in a battle, and we need to know how to fight a successful fight. The great martial arts fighter Bruce Lee once said that the successful warrior is the average man with laser-like focus. We need to be able to first decide what is important, and then focus on that one thing and stick with it. As Christians, our main focus should be to live righteously before men and women at work and school. And we should always be telling others about what Christ has done for us. 1Pe 3:15 But sanctify the Lord God in your hearts: and be ready always to give an answer to every man that asketh you a reason of the hope that is in you with meekness and fear: We must let God through the Holy Spirit guide us, and that begins by reading our bible and being in tune with God’s leadership. List of All Investment Articles https://lifecanbesimple.net/investments.html List of All Minimalism Articles https://lifecanbesimple.net/minimalism.html www.lifecanbesimple.net www.InternetDirect.us Internet Direct Laptops  DISCLAIMER - I am not a Financial Advisor and do not work for any Brokerage Firm. The opinions given are my own and are not to be used as professional advice. These are my findings and can hopefully help you make informed decisions on investing. Consult a Broker or Lawyer before making any investment. LIVING THE LAPTOP LIFE What comes to your mind when you think of the laptop life? Depending on your age, I figure it could mean a lot of things. If very young, it may not hold the same high value as it does in my advanced age. But would it not be great to run your whole life with just a simple laptop and be able to travel and do what you desire? With the internet available almost everywhere nowadays, there is little you could not do with a laptop. If you have cell service, you can toggle to your cellphone and use it for wireless connectivity. You can find things you need on eBay or Amazon and have them delivered to your current location. Life could not be much simpler, which ties to our blog site LifeCanBeSimple.net. Being free to travel and do what you want has to be close to the ideal situation. I have thought a lot about what my perfect retirement life would be like. After some reflection, I think my current life might be close to what I would consider the perfect retirement. To only work a few days a week and have money to do what I want to do, that sounds very ideal to me. To live a full life, we need to be able to do several things. No life is worth living without a close relationship with God. In Master Successful Personal Habits by Zig Ziglar, Zig Ziglar says that when you have your eternity set knowing Jesus Christ as your Lord and Savior, the rest of this life is a piece of cake. I totally agree with his assessment. Having good relationships with your family is high on my priority list. Good health is a blessing from God. And to be able to travel and handle all my investments easily makes living the Laptop Life a perfect way to have all things in control. With the right laptop and setup, you can monitor your investments and do all the needed research on new investments. I love the research available on Schwab Investments and Fidelity Investments. I did articles on both of those and explained what I loved most about them. My Favorite Brokerage: Fidelity Investments. Advantages of Schwab Investments. My favorite website to give me leads on Preferred Stocks and Closed End Funds is the Preferred Stock Channel. Each week I take the Preferred Stock Channel’s best Preferred Stock list showing the 10 top highest returns and review them for those that are quality companies just out of favor with the market. Don’t get wrapped up in the one with the highest paying dividends. Be sure that the stock is being sold at a discount to par value (below $25 per share) and paying above 10% in dividends based on lowered value. This is all explained in the article above on the Preferred Stock Channel. My laptop of choice in 2023 is the Dell Latitude 7310 with the Intel Tenth gen Core I7 Processor. I use the various laptops I have for sale on eBay, so the one pictured at the top of this article is a 16gb model with 512gb SSD. We had one before this that came with 32gb which is hard to find. Memory on this model is not upgradeable, so always buy the amount of memory you need. I explained about how my grandson Paul Culver, and I refurbish and sell these Dell Laptops on our Internet Direct eBay store in the following article. How to Save Money on Quality Laptops Each year I move up another year or two to the next I7 generation. I really love the 7310. It is lightweight and very efficient. It has a 13.3” screen which I find ideal. Sometimes I use the 12.5” models or the 14” models, but the 13.3” is my favorite screen size. Large enough to read, but the laptop is slim and trim with minimal weight. (Approximately 2 1/3 lbs.) I upgraded to Windows 11 about six months ago and am very pleased with Windows 11. I can move back and forth between it and Windows 10 easily now. If you are familiar with Chromebooks, I think they designed Windows 11 around that concept. Below is how my start window appears on my work laptop. I do most of my Visual Programming using various Visual Studio Versions. I do computer consulting work in my business focused on programming and networking.  I write a lot of articles for my blog, so I need the ability to jot down notes when I think of them, whether working on my laptop, my backup living room laptop (Dell 7300 Latitude), or my Google Pixel 5 cell phone. I accomplish this by using Microsoft OneDrive.  You find the OneDrive icon on the right side of the taskbar. The little cloud is OneDrive. You must have a Microsoft Account to use OneDrive. You can setup one for free and you get 10gb of free space. If you purchase the Office 365 package like I do yearly for $65, you get 1TB of space. (That is 1000 GB). I have tons of stuff on my OneDrive, and I have yet to use up 10gb. When you setup OneDrive, there are many options as to whether to keep the files on both your laptop or in the cloud. Normally you have a local copy in your USERS file in the OneDrive directory. You can mark directories to always maintain a copy of files on the local drive. On all my websites and documents, I keep a local copy. This is your decision. By having your files on OneDrive, you have multiple copies of your documents and pictures and they are available on all your devices including your smart phone.  What is great is I can start an article like I did today on my work laptop, and then come in and continue working on it on my living room Laptop.
If you have never used OneDrive, I urge you to try it. Google offers Google iDrive as an alternative. Ir you use a Chromebook, it is a good alternative. I don’t have the costs to compare it with OneDrive. Back when I started working with computers, we had a room full of equipment that had only 8K of memory that cost over $100,000. Nowadays, you can get 128gb of Ram on a cell phone. Things have changed tremendously, and we have so much flexibility today. If you write or use a computer at work, consider using a laptop. It will give you a lot of flexibility and takes up almost no room. I will plug the Dell Latitudes as a great value for the money. We normally have 30 to 50 different configurations listed for sale on our eBay Store. List of All Investment Articles List of all Minimalism Articles Facebook Internet Direct Store http://www.InternetDirect.us Internet Direct Laptops  DISCLAIMER - I am not a Financial Advisor and do not work for any Brokerage Firm. The opinions given are my own and are not to be used as professional advice. These are my findings and can hopefully help you make informed decisions on investing. Consult a Broker or Lawyer before making any investment. Book Review – Second Chance for Your Money and Life by Robert Kiyosaki This is the fifth book I have read by Robert Kiyosaki. I read the first one (Rich Dad Poor Dad), Rich Dad’s Guide to Investing, Rich Dad’s Cashflow Quadrant, and Unfair Advantage. I never did a review on the first, but my other three reviews are listed below. I want to encourage you to read all of Robert Kiyosaki’s books. There are many. Links for the other 3 book reviews and Rich Dad Poor Dad on Amazon are: Rich Dad Poor Dad Rich Dad’s CashFlow Quadrant Rich Dad’s Guide to Investing Unfair Advantage I have read all of these books for free using the Hoopla Digital program from my local library. Check and see if you can use Hoopla to read dozens of great investment and professional books. How to Read Books Inexpensively. In all of Mr. Kiyosaki’s books, he urges us to question what we have been taught about money and investing. In the first book, Rich Dad Poor Dad, his Rich Dad taught him to invest in assets that return great cash flow. He also says we should question what we learned about investments in college. This old advice may no longer work. One of the biggest errors in current teaching is that we are taught to never make a mistake. You need to be perfect. Unfortunately, life is not that way. People who have success do not win all the time. They fail and then they get up and learn from their mistakes. This is the basic theme of this book. We all need a Second Chance. In school, do you remember what you were taught? Go to college, get a good job at a large corporation, and pour money into your 401-K with an employer’s match. Then retire happily at age 65 with all the money you need. However, this simply does not happen most of the time today. Most jobs no longer last over a few years. And many companies do not offer employer matches to their 401-Ks. Sadly some do not even offer 401-K retirement accounts. Today we need to think outside of the box and learn what works in the current world. You must study investments on an ongoing basis and find people that are teaching valid investment techniques. Robert said that in the fourth grade, he asked his teacher when the class would learn about money. The teacher said that money was not taught in schools. Mr. Kiyosaki said his poor dad told him when he got out of the military to go back to college and get his MBA. His rich dad told him he should get some street smarts and suggested he attend a 3-day Real Estate course for $365. It was the best $365 he ever spent. Robert started both the MBA and the real estate course. After getting finished with his 90-day assignment from the real estate course, he found a property to buy after analyzing 100 properties. He also gave up on the MBA and started his plunge into buying more assets that returned great cash flow. In the book, he quotes Steve Jobs who said this about determining your future. “You can’t connect the dots looking forward; you can only connect them looking backward. So you have to trust that the dots will somehow connect in the future.” In 1984, Robert Kiyosaki and his wife Kim asked themselves this probing question. “How much good is my work doing for the world?” Their answer was “Not Much”. They were working a lot but doing very little in regards to a world view purpose. After some soul-searching, Mr. Kiyosaki and his wife decided to be a bit foolish and make some major changes. In 1984, Kiyosaki and his wife decided to do 3 things:
Margaret Mead once said “Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it’s the only thing that ever has ever changed the world.” Albert Einstein said, “We can’t solve problems by using the same kind of thinking we used when we created them.” The book is full of examples of HOW to do things. One that I loved was the example of how Robert Kiyosaki bought a small 2-bedroom house and turned it into a high money-making cashflow investment. In a good neighborhood, he purchased a 2 bedroom 1 bath home for $50,000. He paid $5,000 down and the owner financed the other $45,000 at 10%. To make money in real estate, you must keep up with the PTI which is made up of Payments, Taxes, and Insurance. He paid out $450 per month in PTI and could rent it for $750 giving him a cash flow of $300 as the renters paid for the house (which will also normally increase in value). But he saw a much greater opportunity for cash flow and to get his original investment back. He went to the bank and borrowed $5,000 for home improvement. He added a larger master bedroom and ¾ bath. Now as a 3 bedroom 2 bath home, rent went to $1,000 a month. Interest rates came down and he had the house appraised for $95,000. Went back to the bank and got a lower rate loan for $76,000 at 9% interest for 10 years. He pays off the owner-financed loan and the $5,000 home improvement loan. He put $25,000 of cash into his pocket and rented it for $1,000 a month. PTI now was $700, but he still had his $300 per month of cash flow and made a tidy profit of $20,000 after deducting his original down payment. This proves you need to think outside the box sometimes, particularly in real estate investments. Robert Kiyosaki is committed to giving people accurate needed financial advice. We all need financial education in our schools which can be available to rich and poor alike. We need a system that teaches people to not fear making a mistake but to learn from the mistake and get up and try again and again until they are successful. We are never defeated until we refuse to get back up. We should never fear making a mistake but seek to learn and get stronger in our financial affairs every day. After reading this book, I started the book “Wealth Without Cash” by Mordy Pace. He tells how he grew up in a family of 13 and how his dad worked very hard to just put food on the table. In his childhood, they moved to 17 different rent houses where his father would pour untold hours of renovation into these houses. He never learned that he could use his skills and make money for himself. Rather he worked for modest means his whole life, just barely getting by. It takes financial education to understand the world we live in. Mr. Pace’s father never learned to make money for himself, but he put many dollars in his landlords' and employers’ pockets. Fortunately, Mordy Pace was mentored in real estate and gained the financial education he needed to make much money in real estate, using other people’s money to finance his ventures. It truly is your choice. Gain this type of financial information, or live your whole life scraping from paycheck to paycheck. Second Chance was written to inspire your spirit. Your spirit needs to be a driving force to take advantage of your Second Chance… A Second Chance to take control of your money, your life, and your world. No one is going to solve your financial problems for you. It is up to you to find an education with a strong financial basis. And then take that learning and teach others so they too can have their Second Chance. Learn to do more with LESS and serve more people around the world. What a great book. Do you want a Second Chance? This can be the starting point. Keep studying. Learn what works today and apply that and move forward. I urge you to read all of the Rich Dad Poor Dad books. I now question everything about what I was taught about money and investments. I now do my best to make solid financial plans and stick to those plans, good market or bad market notwithstanding. And most of all, take advantage of my Second Chance. List of All Investment Articles List of all Minimalism Articles Facebook Internet Direct Store http://www.InternetDirect.us Internet Direct Laptops |
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