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Everyone has there weakness. For some its fast cars, fine food, for others its travel.
For me its watches. In my humble opinion the automatic wristwatch is the ultimate refinement of low tech. Its one of the few articles of jewelry that a man can wear that is an expression of himself.
So for my 30th birthday I splurged and bought an 18K Gold leather band, Patek Phillipe Calatrava. Retail price circa 16K. This is more than the value of my car, its about half of what I earnt as a 1st year graduate. 5 times the price of my first car, 40 weeks worth of rent, 4 plasma TVs (the smaller ones), 16,000 one dollar istant scratchies, 1.6% of a lotto division 1 jackpot.
but hey, you only live once. I turn 30 in Jan 2005, I couldn’t even wait that long to get it, haha.
Interesting your comments about Robert Kiyosaki’s book. I found the same thing, a sensation of WOW, and yet no idea what to do next.
You’ll probably find if you read 1 to 130, then go back Robert’s Book 2 – Cashflow quadrant you’ll get a lot more out of Robert. I certainly did.
Robert draws out a strategic game plan, live frugually, invest, don’t spend, use other people time and money etc, focus on building a business not an education, and don’t put all your eggs in 1 basket by working for a wage.
Whereas, Steve provides an idea on how to apply the investment component of Roberts overall strategy. Its merely a tactic for investing in property. a powerful and effective tactic, but still just a tactic. There are many tactics out there (wraps, flips, lease options, renovations etc). Find one you’re comfortable with and apply it. Decide to get good at it.
The book is only $29.95, and I’m sure you’ll get more than that in terms of value. My wife and I had been sitting on a negatively geared strategy on 2 properties for 3 years now. Since reading 1-130, I’ve not been able to sleep (excitement keeps me up til 1-2 am, we’re now in the middle of acquiring blocks of commercial property and whole blocks of units.
1-130 properties is a mind shift. It shows it can be done. is second books shows it can be done in a down market, and that the mind shift need to continue to evolve.
Having said this I don’t think 1-130 was as detailed as I’d have liked it to be. It would ave been nice to see a chronology of the 3 years, where and when te properties were bought and sold, along with a financial position at the end of the 3.5 years like he did with his MAP proteges.
Do I think its worth 29.95 – yes.
