“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€
Sorry mate- I’d have to dig through to China- I’ve never read it :o) The imaginary friend thing- well, it was related to the comment above the one I said, but not related to you specifically. I know Kiyosaki made out his story was real, when in fact it wasn’t. I don’t find that to have integrity- journalistic or other.
I dunno what cynicism is really- I just comment on things that don’t make sense to me. Thanks for your explanation though And yeah, imaginary friends can be fun- it’s just when authors personify them, I find it a bit sad- a bit misleading.
1. Think & grow Rich – Napoleon Hill
2. Richest man in babylon
3. Wealth Magic + yr new book….
4. Creating Wealth – Robert Allen
Well, 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 $10 Million Property Portfolio in just 10 Years†…
* Highly recommended
** A must-have
Graham J. Airey, Buying and Selling Property in a Nutshell,
Wrightbooks, Brighton, Vic., 2001.
* Graham J. Airey, The Property Investor’s Handbook,
Wrightbooks, Brighton, Vic., 1998.
**Wayne Berry, How to Get the Be$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.
hhhmmm – maybe one day – u might here some vauable wisdom from me and promise to send me 10,000 cheques as your gratitude as per you did with Clason’s book[biggrin]
I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
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] )
BTW – would you know if your publishers are distributing your books overseas ?? I’m having trouble getting them in Singapore….. [annoyed] My last resort is the ‘ol “relative express” ( get the folks to carry it up for me….. )
I know this is going to sound stupid, but I have to say, from what I have read of your postings so far, you have gained another fan….. It’s been good to find somebody who obviously gets it, replies with honesty, and, without the hype….
i read the same books..Jan Somers when it first came out ( was it 1986?)….i’ll go look
No i bought it in 1992, and bought my first IP in 1991 for $69’500
and i “loved’ Noel’s books and still get his newsletter, i’ve boughtall of Noels books and even bought the retirement one for my father and father -in-law when they decided to retire..
Noel WHITTAKER put me onto The RichestMan in Babylon and ‘many’ others..
i’ve bought approximately 20 copies of “The Richest man in Babylon” and given away to friends as presents.
i still have my copy of Think and Grow rich..and several others on Peters list
i recommend also “Maximum Achievement ‘ by Brian Tracy and “As a Man Thinketh” ( approx 100 yr old book..very good) “Wealth Wizard” by Mark Bouris(?) of wizard Home loans and Highly recommend Steve’s book “From 0-130 properties in 3.5yrs’..have you read it Peter??? you should if you haven’t..
However, i guess i ‘never’ got as much out of the books as Peter did ( our comparitive net worths are miles apart ) and i’m now learning a lot from Peter’s CD’s and his books..so i guess it’s what you take ‘out’ of what you learn, remember it’s not ” Knowledge is Power, but rather-Applied Knowledge is Power”
“Absorb what is usefull and discard the rest”..[fear]
yeah i know what you mean redwing.
i’ve read alot of the books mentioned, and some i only sort of get. absolutely love the richest man in babylon.
jan somers books are always a great read.
cheers
shaun
I have just got back from the Bookshop and bought your Book. I am going to take it on holidays with me in a few weeks. Gotta finish my current Dan Brown book first.
I read Wealth Magic back in 1999 when I came back from my 12 month tour of duty in San Francisco. I also read all the Jan Somers stuff first, then Wealth Magic.
I have not read 0-130. I did not want to read a Book that relates to positive cash flow and really applies to the time 2000-2003. Not Now. After all interest rates have fallen from 10% to 6.5% in that period.
Your stuff applies to property in general in any market. I will give my feedback once I have finished.
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!
” 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€.
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.
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.
gotta love that quote Peter..
I can’t afford your seminars or membership to your Wealth Club, however, i’ve enjoyed your books and other material and it’s given me a lot to think about re: Overall Strategy.
Forums such as these where everyone can dispense information and impart knowledge are great..and Steve is a ‘Champion’ for making this one available to us..
The cheapest internet access is about $10 p/mth and you can pick up 2nd hand PC’s Cheap. Forums such as this and JanSomers, real estate sites such as property.com.au and realestate.com.au make things ‘much’ easier..
Don’t write your next book too soon as I’m re-reading this one [grad]
PS- i’ll be ringing up soon for copy of “Success Stories”, i find it motivational reading about others successes (Ordinary Mllionaires was also a good read)
PPS- Dont knock your local library..i found Wealth Wizard (Mark Bouris)there