Marc1

Blow it out your a..e! LOL [strum]

You make a number of assumptions that aren’t true. Yes, you caught me on the “filthy stinkin'” terminology. I shouldn’t have used it since it wasn’t meant literally. We all have the right to be rich if we can make it happen. I know that a lot of rich people do a lot in the community that never really sees…[Read more]

Interesting feedback. Good to see different points of view.

I am in no way against education and we all use various means to pursue our goal of educating ourselves. But to say that we educate ourselves no matter the cost is foolish. What if I were to say I am running a seminar that will cost you $30000 to attend, what would you say?

I am also…[Read more]

DD

You would buy a property if history suggested there was little or no chance of capital growth, as long as it was cash flow positive? I still think you must have a reasonable expectation of growth before buying. You appear to have achieved the best of both worlds. Well done!

I would hate to be the person who paid $270k for a property that was…[Read more]

ANUBIS

No, I’m not angry with the world, no more so than the next person. I certainly hate injustice and deceit, but particularly hate hype in the world of investment. And there’s a @#$%@#$ lot of it! I am trying to steer clear of eggheads like this who are full of crap. I just want stuff that is real and I can work with.

I have always been more…[Read more]

It’s my goal to retire (from paid work) ASAP. For the past three years I have been pursuing this goal in that I haven’t worked for anyone other than myself as a private investor. My challenge is to make it sustainable year-in, year-out. I don’t know the answer to that yet.

The freedom from office politics and a boss has been absolutely brilliant.…[Read more]

Feedback from a friend of mine:

Apparently Robert Kiyosaki has just run, or is in the process of running, a seminar on the Gold Coast/Brisbane. He said that RK had 400 people booked in at $6000 a head. Not bad for a few days work. You really have to wonder why one tenth that value isn’t an acceptable return. I guess he has done a number of…[Read more]

JackFr

You’ve absolutely nailed it! Gurus charge high prices because they can, not because it’s value. They create an aura and very cleverly tap into a basic human want – to get rich quickly without expending much energy. This is a very strong temptation and we have all felt it at some stage of our lives. It makes us do silly things, like spend…[Read more]

Pisces

Yes, you’d be right, but people seem to want to sabotage their success by doing things like that. If you spoke to all the people who pay for seminars, I wonder how many would tell you they had to get a loan or put it on a credit card?

Wez.

Kay

You make many good points.

Sometimes people don’t realise the damage they are doing to themselves. They keep forking out thousands and thousands of dollars on seminars trying to convince themselves and others it is all for the best. They are not looking at it objectively. In a sense, they become brainwashed and nothing you say will make them…[Read more]

Onya, Luke. [thumbsupanim]

Wish I’d had your foresight when I was your age. I would have developed a definite plan to do exactly what you are setting out to do. I’m not exactly over the hill yet – early 40s, so I’m doing it a little later in life.

I put it to you that if you were financially secure, you wouldn’t want to go to work! You just told…[Read more]

Lucifer

No, it is yield. The figures are all set out clearly. In fact, the COCR is the final calculation which in many of the examples comes out much higher than the yield, as expected.

Wez.

Kay

When you love cricket as much as I do there’s nothing boring about watching it all season! I haven’t worked in paid employment for a few years and I have rarely been bored. I spend my days researching investments, more so to do with the share market than property. I study books, magazines and any other material I can get. The flexibility to…[Read more]

Kay

You are one of the lucky ones. I can’t relate to that because my work became drudgery, such that I had to walk away from it. I gave up my profession because I grew to hate it.

The conventional view of life is not mine, e.g. get a good education, work your guts out for 45 years (now longer according to the govt) and then maybe enjoy yourself.…[Read more]

Very interesting and informative to read all the different viewpoints.

“Sydney is flattening and picking up speed.”

However, that is a view that seems at odds with current information, but I’m prepared to be proven wrong.

Wez.

From what I can gather, he already has his next bestseller in the bookshops: Who Stole My Money?
He seems to be pumping out a book per year.

He certainly knows how to sell himself. Just think about his board games. He markets them as a package since you can’t play the second one without the board from the first one. Clever. Not only that, but…[Read more]

“1. You can only charge what the market will pay.
2. Value = percieved benefit / price

In this case the market is obviously paying the price, and they have plenty of people signing up. So, from a business point of view, the price is spot on… maybe even a little low. If people stopped paying, the price would have to come down.”

blowie

I think…[Read more]

Captain Picard

It’s great in a forum like this to be able to get feedback on courses/seminars, so that we can make a judgement on whether to purchase or not. Otherwise we have to take a leap of faith.

The issue of seminar costs has been discussed at length in this forum. To give a bit more perspective re the cost in relation to personal assets:…[Read more]

There have been many good points made in this post. It’s good to see that people have a healthy dose of scepticism, rather than just take everything at face value because someone is supposed to be a guru. This will stand you in good stead so you don’t get ripped off.

Wez.

Absolutely Yack. You evaluate the worth of information on the basis of respect for the person giving it, or what you can do with it. Whether you paid for it or not has nothing to do with its value, e.g. you can get valuable information by reading books from the library. Did you pay for it? Nuh. We need to challenge all these useless cliches that…[Read more]

Pisces

I don’t buy Robert Kiyosaki’s books anymore. I can get them from the library if I want, so I don’t have to fund his lifestyle. I have said in this and other posts my feelings about him. I have stated I believe he has done a lot of good in motivating us.

Yack made a good point. We often get the tired old line: if we didn’t charge a high…[Read more]