Hi folks

I just love adding 2 cents[]

Well I personally enjoy reading his books and am currently reading my third (Retire Young, Retire Rich) and I beleive in taking most things for face value, he never said he was going to write a text book. Like Steve, Robert’s books have motivated me into action, that is worth the price of a book.

As to whether rich dad is real or dead, I dont care much (except that you have shattered my illusions that he is real, and thanks for that[]) I also think depending on your stage of investing, experienced/inexperienced you do get detail out of his books you just have to look for it, it’s there often diguised in a story about his own experience.

By the way, let’s not forget that he also has other products in his range, such as the cashflow board games, and I read a comment by Dale Gunther-Goss (Melbourne Accountant) that the board game “blew him away”. So there is more to this “conman”.

There!

Leigh K

“If you will take on your self-doubt and laziness, you will find the door to your freedom.”
-Robert Kiyosaki

I have read about this case in API Mag this month. Interesting situation from a newbie point of view.

Roughly the Harts had $X of deductions for compound interest, rejected by the ATO and now there is an appeal with final ruling due in June as to whether “people” with “split loans” will have to pay back the claimed deductions received to date as well as fines etc.

It is all centred around loan packages aimed at minimising tax, I beleive the ATO claim it is tax evasion.

I guess that is why so many people are asking questions hear about structuring and line of credit loans etc. We all want to make the right choices and stay under the tax mans radar.

I hope I wasnt too vague there, I have a horrible lurgy[xx(]

Cheers
Leigh K

“If you will take on your self-doubt and laziness, you will find the door to your freedom.”
-Robert Kiyosaki

Hey Phooper

Thanks for sharing that experience and incite. I have been reading Retire Young Retire Rich by Robert Kyosaki, and it seems that you have both had the same revelations, congratulations.

I too (believe I have) have come the same revelation but! I have noticed that, like with dieting, there are always people that want to hold you back even those that care about you. They think your plans are pie in the sky, your dreaming etc. It challenges your beliefs and makes discussing your plans with people around you difficult. Their reality is different to mine/yours/ours and it’s hard for them to see our vision for our future.

Phooper, your new found reality is going to be challenged, but remember what you wrote here today.

Quasi, I like your style!

Cheers
Leigh K[]

“If you will take on your self-doubt and laziness, you will find the door to your freedom.”
-Robert Kiyosaki

Here’s my 2 cents

I think (without disrespect) that Margret Lomas is refering very generally to a type of property investor in the market place. Being the average mum and dad with some equity to use and a friend said an investment property would be a good idea. They go looking for a place similar to their own … “so if we need to we can move into it”.

Since learning more about PI I have come to learn that professional investors buy without emotion because there is due diligence to be done and they know that it is business.

However, Quasimodo, I think that the low balling strategy you mention is an interesting strategy if it works for you, but I don’t want to have a WTF reputation. I plan to develop working relationships with agents and other contacts that will ultimately enable me to grow my wealth.

Leigh K

“If you will take on your self-doubt and laziness, you will find the door to your freedom.”
-Robert Kiyosaki

Hi FNQ2002

LOC stands for Line of credit, and when I started using this site a few people told me to use the search facility in this forum as many topics are discussed frequently and you can learn a lot by reading back through these discussions.

So go to the search engine and type in LOC or line of credit and see how you go.

Cheers
Leigh K

“If you will take on your self-doubt and laziness, you will find the door to your freedom.”
-Robert Kiyosaki

Sooshie

Here is another one, it’s not really new, I posted it as a seperate post last week, just thought I would add it here.

http://homepath.com.au/guest/CBA_CALC_TPC3_input.html

Cheers
Leigh K

“If you will take on your self-doubt and laziness, you will find the door to your freedom.”
-Robert Kiyosaki

4walls

I hope I didn’t imply you were a “pompus git”[] well snobby at least[]. I really just ment don’t a.s.s.u.m.e!

The other comment I was thinking about earlier was, that when you are buying in rural areas a rent of $80 or $110 is only relative. In the country rent is cheaper without any reflection on socio economic status. (It’s getting a bit late to be using such language)[]

And I also enjoyed that renter from hell story! But that is part of the risk, all investment has a component of risk, it is just how well you assess your risk that counts.

Cheers
Leigh K

“If you will take on your self-doubt and laziness, you will find the door to your freedom.”
-Robert Kiyosaki

Dear 4walls

Not meaning to speak for Steve McKnight, but as quoted from his initial message there would seem to me to be no reason for you to be excluded. Your chance would be as good as anyone’s.

quote:

---

I filled in the form to the best of my ability, trying with all my heart to come across as someone who wouldn’t let them down.

This is the sort of dedication I’ll be looking for… someone who wants this for what I perceive to be a worthy purpose and has the passion to succeed.

If this is you then you stand a good chance.

---

In fact to look at your situation in a positive light, your story might make a very interesting angle for Steve’s book, so you might even have a better chance than some. Hmmmm!

Cheers & Good luck
Leigh K