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Originally posted by start:However, from the news and papers, analysts are predicting 5 to 7 year with no growth.
geo is spot on.
The problem with annalists is that they are trying to predict the future. I remember in 1995 that one of the biggest firms in Australia said that the property boom (such as it was back then) was over!
And I was temporarily panicked by that until I re-asserted my rule never to read what other people say and always formulate my own opinion.
I can’t predict the future but I do know that at some stage property is going to be more valuable than it is today and so I’m am always a potential buyer.
Originally posted by Expat:Hey Peter I hope you dont mind but i was just wondering if I could ask you a non property related question (PLEASE [biggrin])
I am happy to answer but have to respect Steve’s “no-shares stuff†rule – it is after all his forum and he has made the rule for very good reasons.
Originally posted by start:I have read Wealth Magic last year. It was the first book on investment I have ever read, the book is easy to understand.
I have just bought your book from a book store last night, so far I have enjoyed it.
How’s it going now?
Originally posted by Old School Skata:
NIDA. Being a wannabe actor myself, just curious what happened to that? Do you still wish to go or did you not make the cut like so many others?I actually want to direct – can’t act to save myself. I reckon that’s why I became a seminar presenter ‘cause it’s the only way I get to be on stage and have people applaud me! LOL
I got through to the final round but didn’t go – “life†got in the way – so I don’t know if I would have got through or not. Give me a few more years at this Financial Services business and we’ll see what happens.
BTW – Your avatar looks more like a muso than an actor!
Originally posted by redwing:
On the contrary – I was actually PROMOTING the local library.
Here’s the things – I LOVE seminars and I enjoy presenting and think we do an OK job. I think our financial planning service is good too.
But when I started I would not have been able to afford either.
That’s why I wrote my books (and by the time I am finished the series they will probably contain more information than all my seminars put together – like ever other presenter I know).
And if people can’t even afford the books they can still start by a free or low cost library membership – that’s how I did it.
People forget that I lived on expired Black and Gold brand Tuna for 6 months in order to save up for my first property. I KNOW what it’s like to not have any money.
Originally posted by geo:guys – where do u find the time to read[blink]
How do you find the time NOT to read?
To me reading is magic. For thirty bucks you can get all the wisdom of an author that has taken them years to collect and apply. And even the self-published and ‘opportunistic’ books have something to offer.
I figure it would take me years of trial and error to get the same knowledge.
My books have more content than I can cover in a 2 day seminar.
When I was first starting out I couldn’t even afford the books and I certainly couldn’t afford seminars but I could afford a $2 library card and a whole world was opened up to me sitting there at the back of public libraries that I never knew existed.
Originally posted by redwing:” Knowledge is Power, but rather-Applied Knowledge is Power”
This is a CRITICAL point.
Knowledge is no good if it isn’t put into action. I call “Knowledge Applied†the Key to Wealth and it is one of the chapters in my first book, “Wealth Magic†and re-visited in the new book “How You Could Build a $10 Million Property Portfolio in just 10 Yearsâ€.
Originally posted by redwing:Highly recommend Steve’s book “From 0-130 properties in 3.5yrs’..have you read it Peter??? you should if you haven’t..
Yes I have. I found it interesting and obviously a lot of people have used the strategy to success. Just not my “style”.
The book is certainly a publishing phenomenon here in Australia and Steve is to be congratulated for his success.
My publishers ‘hate’ me for being so tardy in writing my book (it was due about the same time Steve’s was published and they were just sitting there wringing their hands thinking my book could “coattail†on its success). Oh well, now that I’ve published it after the property boom it’ll just have to stand on it’s own two feet!
Originally posted by Pelicaninvestments:BTW – would you know if your publishers are distributing your books overseas ??
You could order it from http://www.dymocks.com.au
Originally posted by Pelicaninvestments:Another person who keeps popping up, when I read / listen to interviews is Deepak Chopra….
As well as my reading, I’m also listening to conversations with Millionaires by Mike Litman. ( when are they interviewing you ?? [blush2] )
DC is brilliant in terms of mind-set – I love his stuff.
Haven’t had the call from Mike yet! LOL
Originally posted by geo:still waiting for the cheque, book, house…[biggrin]
Didn’t I mention that I’d run out of cheques??? [wink2]
Originally posted by Pelicaninvestments:Next on the reading list :
1. Think & grow Rich – Napoleon Hill
2. Richest man in babylon
3. Wealth Magic + yr new book….
4. Creating Wealth – Robert AllenWell, you have 3 of the best books ever written on wealth creation on your list.
“The Richest Man in Babylon†changed my life. It was the book that was given to me when I was a check out chick in Wollies. If I had never read that book I would not be where I am today, undoubtedly.
I made a promise that I would give away 10,000 copies of the book as my way of repaying the author and for many years it was a give away at my seminars and so I achieved my target.
Ironically Clason has never seen a penny of the royalties. He wrote it while as an employee of a bank and they were the ones who published it. Today’s “moral rights†laws would have changed that but unfortunately for him he died before all that. His other books are little known.
“Think and Grow Rich†is the second most important book ever written on wealth creation. I have read it more than 100 times (stopped counting then), 72 times alone in my first 5 years of investing.
As far as I am concerned there needs to be no more books than these two – if you “got†what was in them you wouldn’t need a how to book.
Then of course you have my books – and based on the reviews I have published above you will see they are excellent. [biggrin]
Who influenced me? Well, I have to give credit to Jan Sommers and Noel Whittaker as they were the only 2 Australian authors I could find when I started, and the “how to’s†they gave me in their books are still all applicable today and again saved me heaps and heaps of time effort and energy. Legends both.
Here is the Recommended Reading List from the back of my new book, “How You Could Build a $10 Million Property Portfolio in just 10 Years†…
* Highly recommended
** A must-haveGraham J. Airey, Buying and Selling Property in a Nutshell,
Wrightbooks, Brighton, Vic., 2001.* Graham J. Airey, The Property Investor’s Handbook,
Wrightbooks, Brighton, Vic., 1998.**Wayne Berry, How to Get the Be$t Deal Every Time: Without
Rubbing People the Wrong Way!, Information Australia,
Melbourne, 2000.* Wayne Berry, Negotiating in the Age of Integrity, Wrightbooks,
North Brighton, Vic., 1995.
* Mark Bouris, Wealth Wizard, Hardie Grant, South Yarra, Vic.,
2002.Peter Cerexhe, Smarter Property Improvements: Ways to Maximise
Returns by Transforming Your Property, Allen & Unwin,
Crows Nest, NSW, 2004.* Deepak Chopra, The Seven Spiritual Laws of Success: A
Practical Guide to the Fulfillment of Your Dreams, Bantam,
Sydney, 1996.** George S. Clason, The Richest Man in Babylon (first published
in 1926), Penguin, Ringwood, Vic., 1991.
James W. Coghlan, Capital Gains Tax: An Australian Investor’s
Guide to Wealth Maintenance, Wrightbooks, Elsternwick, Vic.,
2000.Tony Compton, Rental Property and Taxation: An Investor’s
Guide, Wrightbooks, Brighton, Vic., 2001.* Stephen R. Covey, The Seven Habits of Highly Effective People:
Restoring the Character Ethic, Business Library, Melbourne,
1990.* Martin S. Fridson, How to Be a Billionaire: Proven Strategies
from the Titans of Wealth, Wiley, New York, 2000.* Mchael Gilding, Secrets of the Super Rich, HarperCollins,
Pymble, NSW, 2002.
Paul Hanna, You Can Do It!, Penguin, Ringwood, Vic., 1997.** Napoleon Hill, Think and Grow Rich: The Famous Andrew
Carnegie Formula for Money-Making (first published in 1937),
Wilshire Book Co, California, 1999.Tim Hewat, Super Safe Investing with Syndicates and Listed
Property Trusts, Wrightbooks, Brighton, Vic.Vivienne James, The Woman’s Money Book, Anne O’Donovan,
Melbourne, 2000.Neil Jenman, Don’t Sign Anything!, Simon & Schuster.
Neil Jenman, Real Estate Mistakes, Rowley Publications, 2000.
Robert T. Kiyosaki, Rich Dad, Poor Dad, Tech Press Inc, Arizona,
1997.** John McGrath, Most Valuable Lesson I have Learned: Over
100 Success Concepts to Change Your Life, HarperCollins,
Pymble, NSW, 2002.** John McGrath, You Inc.: How to Attract Amazing Success in
Your Life and Business, HarperCollins, Pymble, NSW, 2003.** John McGrath, You Don’t Have to be Born Brilliant: How to
Design a Magnificent Life, Hodder Headline, Sydney, 2000.Jim McKnight, Ordinary Millionaires, Freehold Press, Oatley,
NSW, 2002.Edward Mundie, The Beginner Renovator: A Guide to the Repair
and Alteration of Houses, Hyland House, South Yarra, Vic.,
1987.Richard Reed, Reverse Mortgages: Unlocking the Potential of Your
Home, Wrightbooks, Milton, Qld, 2004.* N. E. Renton, Negative Gearing: A Plain English Guide to
Leverage for Share and Property Investors, Wrightbooks,
Brighton, Vic., 1998.E. James Rohn, The Five Major Pieces to the Life Puzzle, Brolga
Publishing, Ringwood, Vic., 1991.* E. James Rohn, The Seasons of Life, Brolga Publishing,
Ringwood, Vic., 1994.* Jim Rohn, Seven Strategies for Wealth and Happiness: Power
Ideas from America’s Foremost Business Philosopher, Prima,
New York, 1996.Martin Roth and Chris Lang, How Investing in Commercial
Property Really Works, John Wiley & Sons, Camberwell, Vic.,
2003.* Terry Ryder, Confessions of a Real Estate Agent, Wrightbooks,
Elsternwick, Vic., 2001.Terry Ryder, Property Smart: Learn the Rules of the Real Estate
Game, Wrightbooks, Elsternwick, Vic., 2002.Barbara Sher, I Could Do Anything If I Only Knew What It Was:
Discover What You Really Want, and How to Get It, Hodder
& Stoughton, Sydney, 1995.* Jan Somers, Building Wealth in Changing Times, Somerset
Financial Services, Cleveland, Qld, 1994.* Jan Somers, Building Wealth: Story by Story, Somerset
Financial Services, Cleveland, Qld, 1998.** Jan Somers, Building Wealth Through Investment Property,
Somerset Financial Services, Cleveland, Qld, 1992.Richard Spencer, Private Lending Made Public, Wrightbooks,
Elsternwick, Vic., 1999.Allan Staines, The Australian Renovator’s Manual, Pinedale Press,
Caloundra, Qld, 1996.Sam Vannutini, Renovate For Profit, self-published
Denis Waitley, Seeds of Greatness: The Best-Kept Secrets of Total
Success, Pocket Books, New York, 1986.Monique Wakelin & Richard Wakelin, Streets Ahead: How to
Make Money From Residential Property, Hodder, Sydney, 2002.Peter Waxman, Investing in Residential Property: Understanding
the Australian Market, John Wiley & Sons, Camberwell, Vic.,
2004.Mark Wehse, Home Loans — A No-nonsense Guide,
Wrightbooks, 2001.** Noel Whittaker, Golden Rules of Wealth, Simon & Schuster,
Sydney, 1999.* Noel Whittaker, Making Money Made Simple, Simon &
Schuster, East Roseville, NSW, 2000.* Noel Whittaker, More Money with Noel Whittaker, Simon &
Schuster, East Roseville, NSW, 1992.Originally posted by kay henry:
Sorry mate- I’d have to dig through to China- I’ve never read it :o)Well, that’s EXCELLENT news, because as I mentioned before I am here shamelessly plugging my books.
Let’s see some genuine reviews (aware of your latest thread)…
“Peter’s books walk on water.†Peter’s best mate.
“Everybody should read
my son’sPeter’s books†Somebody unrelated to Peter.“Everybody should have at least 10 of Peter’s amazingly brilliant books†Peter’s publisher
“Please buy my books, I need the $2†Peter
So Kay, with reviews like that how could you resist?
Originally posted by kay henry:Gurus and their imaginary friends… dear oh dear… I wish they’d just write “this book is a parable” instead of the ruse. Khouri didn’t get away with it- perhaps RE investors don’t care so much.
Unusually sceptical from you Kay – oh well, to save you the effort of digging it out and reading it, here’s a direct quote from “Wealth Magicâ€, “My Wealthy Friend is not one person, but a series of people, mentors, characters, situations, books, seminars, learning’s, and self-reflection, all of which have helped me develop my technique of investing and living lifeâ€.
The Epilogue also goes on to explain that the story is based on my life but is not a auto-biography – that would be waaaaaaaaaaay too boring. [sleepyanim]
My question is, “why get caught up on such trivialities though?†The “Wealthy Friend†is an easy and simple editorial tool that implies wisdom and removes the ego of crediting myself with all the skills and knowledge that have been imparted to me over the years.
Anyway, don’t we all need an imaginary friend every now and again? [blush2]
Originally posted by Shifters:
It’s a good read for the novice, although the ‘wealthy friend’ is a bit Robert Kiyosaki’s ‘rich dad’, and I doubt if any one of them really exist.Ahh sceptics, you know what they say – “A sceptic knows the price of everything and the value of nothing!†[rolleyesanim]
Perhaps you should go straight to the Epilogue or maybe you need to read the Epilogue in “Wealth Magic�
Originally posted by JetDollars: I would like to take this opportunity to thank you for kick start my wealth building strategy toward financial freedom.Thanks so much for that feedback.
No matter how long I have been in this “game†and it’s now been a while (since 1991), I still LOVE getting positive feedback from people who have been involved with me in some way.
Some of our biggest success stories have come from little things.
Congratulations – keep up the good work – at this rate, who knows, you might just end up being rich! And you would deserve it – everybody deserves their dreams.
Who is Brain. What exactly is his Uber plan.Who is brain? Who is brain??????? Sheesh, I don’t know why I bother sometimes! [angry2] LOL
I have selected Brain as my avatar (I presume more than one person can have the same one?) as I love his ironic sense of humour and laconic purpose.
It’s one of those jokes that gets funny only after it is repeated many times so only true fans of the cartoons will find it funny…
Pinky (SIS’s avatar) and Brain are two mice.
Brian, obviously, is incredibly intelligent and Pinky is dumb as (sorry SIS – I presume you knew).
Every episode opens with Pinky asking Brain the very same question, “What are we doing today Brain?â€
To which Brain replies, “What we do every day Pinky, PLOT TO TAKE OVER THE WORLD!!!â€
And he would too except he is always foiled by Pinky’s ineptitude!
Each episode then is yet another amazingly well thought out, highly complex and doomed to fail plot hatched by Brain’s incredibly huge, well, umm, brain.
VERY funny if you like such stuff. [biggrin]
Originally posted by Monopoly: yours sounds like a MUST read!!!After reading some of your comments both in here, but mostly in Somersoft, I have found you to be “good value” and I can only assume, your books would reflect same.
Aww, shucks – I’m running out of cheques!
Thanks – I always try (don’t always succeed by everybody’s standards) to offer value in everything I do.
If you do get around to getting a copy of “Wealth Magic†– the first book (saw one going for less than $10 on ebay today – better than finding your book in the $2 shop on the discount rack I guess) you’ll discover one of my life principals is to add value to every situation I find myself in.
Of course it is not original to me – I was at a Jim Rohn seminar when I first herd the concept and just about every highly successful person I have met since has espoused the philosophy so either we’re all going to the same seminars / reading the same books or it must be true!
If I read the latest book, will I miss much from the first book ? i.e. are they a part 1 / part 2 kind of thing, or is the new book more of an update/expansion to Wealth Magic…It helps to have read “Wealth Magic” so you know where I am coming from (and it’s a ripping good yarn – my mum rates it 5 Star!) but not critical as “How You Could Build a $10 Million Property Portfolio in jus 10 Years” is a stand alone book.
