Hi again just a quick one … has any body read Kim Kiyosaki’s new book wealth for women??
Is it worth getting or the same storey as the rest ??
D
Do you find the thought that money and investing must be written about differently for women a bit condescending?
Is it a shameless money making effort by linking the Kiyosaki name to another book? Rich Mum Poor Mum? or Mom I guess…
Here it is:
Rich Woman. A book on investing for women. Because I hate being told what to do.
Book Description
Written by Kim Kiyosaki – -the wife of bestselling author Robert Kiyosaki – RICH WOMAN is for women who insist on being financially independent – without depending on a man, family, company, or government to take care of them. In her book, Kiyosaki applies the same moneymaking strategies that have made RICH DAD POOR DAD one of the great publishing success stories of all time – but in a voice that is aimed directly at women. No matter what your financial background is or your current job situation, RICH WOMAN provides the essential road map for any woman who aspires to be financially free.Anyone read it?
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Knew it had to come at some stage. They just need to keep publishing so they pitch it from every angle.
I don’t believe that investing is gender-specific and I agree with Simon, it is a bit condesending. The fact that some women need someone of a similar sex to hold their hand means that in their mind they believe that they are not as good at investing or making money as men are. I call that a LIMITING belief, time to get rid of it instead of surrounding themselves with people who nuture that negative belief.
by the way, I havent read the book!
Xenia Ioannou-Mena
Property Manager &
Property Sales Consultant
E: [email protected]
M. 0412 437 582Originally posted by Dr.X:someone of a similar sex
[blush2]
Terryw
Discover Home Loans
Parramatta
[email protected]
Sign up to my mailing list.
Just send me a blank email, with “subscribe†in subject line.Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
There are some good books that identify the gender differences such as “You just dont understand” and “talking from 9 till 5” (I think thats the second title).
Point is the rationalisation behind a decision and the method used to build up your network of poeple and closing deals can be different based on gender.
And its not just becuase of who the person is who is wheeling and dealing, but also how the supplier perceives that person.
Classic example, could a male get away with a speeding fine using the same approach a female used? And would it depend on whether the police officer was male or female?
Mat
Mathew only if the male wore a mini skirt ha ha
Sorry Simon i don’t agree with you and you cannot understand how women think or act. I firmly believe that women process information differently – many women are happier with less while men struggle with their ego of out doing each other.
Women want to be free and happy and know when enough is enough, their basis of reasoning is different i believe – go ask your wife if you have one.
D
Originally posted by wealth4life:you cannot understand how women think or act. I firmly believe that women process information differently
and know when enough is enough, their basis of reasoning is different i believe – go ask your wife if you have one.
D
Aint that the truth!
With the exception of the enough is enough section. Try getting my other half to see enough is enough when we disagree? NEVER!
No seriously though Men and Women do communicate on two different levels completely. Listen to the two sexes on the phone to their “Mates”. Genrally Speaking – Men are content to grunt and speak occassionally and women have to actually speak. Check it out next time you get the chance…
Ps: as for the book? What can I say except I’m not the target audience although if someone buys me a copy I’ll post a full and frank review on here for all and sundry!!!
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055Originally posted by wealth4life:Sorry Simon i don’t agree with you and you cannot understand how women think or act. I firmly believe that women process information differently – many women are happier with less while men struggle with their ego of out doing each other.
I have a wife and two daughters and I see the truth in your post every day. Just when I think I have them figured out something new happens…
Can you give me an example of how women invest differently to men? I can appreciate that they communicate better than men and thus negotiate differently but is there more than that?
Enjoying your posts.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Oh Simon 3 women in your life god is giving you a lesson i am sure ha ha …
1 – I believe that women prefer to deal with women professionals as men in the past are like slick car sales men, while women take more care and attention.
2 – Men wants lots and lots – mine is bigger than yours bla bla – women are content with less, its not a race its a journey.
3 – Women are more aware of the number crunching while men rush in too quickly, ask your wife if she agrees
Thats a start Simon, i’m having fun … any girls here to help i may need it!!
D
Originally posted by wealth4life:
2 – Men wants lots and lots – mine is bigger than yours bla bla – women are content with less, its not a race its a journey.3 – Women are more aware of the number crunching while men rush in too quickly, ask your wife if she agrees
Sorry wealth4life but I disagree with the above 2 points.
I don’t think those things are dependent on sex, more on the personality of the person.My wife is the one who wants more and more and I am the one content with less.
As for number crunching, my wife will get me to do anything involving numbers where money is concerned and she won’t even be interested in what the figures are. She is also the one who rushes in while I tend to do the exact opposite.
Originally posted by Quinny:My wife is the one who wants more and more and I am the one content with less.
Ewww, thanks for sharing, Quinny…[eh]
F.[cowboy2]Originally posted by wealth4life:Oh Simon 3 women in your life god is giving you a lesson i am sure ha ha …
And my dog has just come on heat…..
it would probably be wrong to generalise too much. I am well aware of many of the differences between the sexes but am yet to understand (besides communications) how they differ investment wise. I have worked with many investors of both sexes and a few that were ambigous but am yet to discern any noticeable differences in investment styles or needs.
Maybe my business will reach new levels if I nail this one – thanks for the help!
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Originally posted by foundation:
Ewww, thanks for sharing, Quinny…[eh]
F.[cowboy2][blush2] Oooh that innuendo is something I wasn’t expecting in this forum. But I’ll stand by my point. [exhappy]
If I ever want to hear about investing specifically for women – I would pick a mum with at least 5 kids.
Advise from anybody else wouldn’t sound gender oriented enough for me.
Do you think of a property investment or business in general?
The was a lovely book – Mind Her Own Business (forgot the author). About 20 case studies of businesses started by women. Not that they did something different from men – they just did it. But none it them was in real-estate.Cheers,
I started reading his books a few years ago. I think he has a lot of positive things to say and I recommend most of his books to anyone who is interested in changing their financial situation.
I haven’t read the latest book but I am sure it is reasonably sincere in its approach. The fact that it targets women is not condescending. Actually a lot of the time men and women do have fundamentally different approaches to investing. Women tend to take things a little slower and are more cautious (a great trait by the way) whilst men are more aggressive (sometimes believing they can do it in one day).
Who cares whether the book targets a specific demographic, as long as the reader can get something positive out of it, then it’s good value.Originally posted by Interceptor:I started reading his books a few years ago. I think he has a lot of positive things to say
Kiyosaki fans need to be aware (yet few appear to be) that his more recent statements include:
I just wanted you to know that I am currently preparing for a crash, an economic recession, and possible global depression. Why? Because this is a very big worldwide bubble… the biggest I have ever seen.and
1. Measured by the increase in asset values over the past five years, the global housing boom is the biggest financial bubble in history.â€2. Prices are already sliding in Australia and Britain. America’s housing market may be a year or so behind.â€
3. Not only are new buyers taking out bigger mortgages, but existing owners have increased their mortgages to turn capital gains into cash which they spend. As a result of such borrowing, housing booms tend to be more dangerous than stock market bubbles and are often followed by periods of prolonged economic weakness.â€
4. A study by the IMF found that output losses after house-price busts in rich countries have, on average, been twice as large as those after stock market crashes, and usually result in a recession.â€
5. Two-fifths of all American jobs created since 2001 have been in housing-related sectors.â€
6. The housing boom was fun while it lasted, but the biggest increase in wealth in history was largely an illusion.â€
7. The day of reckoning is closer at hand. It is not going to be pretty. How the current housing boom ends could decide the course of the entire world economy over the next few years.â€
So do you believe as well Foundation this may happen.
We went through the high interest rates in the early 90’s and hit 19.33% on a standard home loan – this country would crash today at 10% IMHO
He does have some very interesting points collected from his team of experts.
D
I just read that 46% of homeowners questioned in a survey said they would be in severe financial hardship if interest rates increased by just 1%!!! Also, just under 20% said they would be forced to sell there home if such an interest rate increase occurred.
I know statistics can be made to say anything, but I thought those statistics pretty scary. After all, a 1% raise isn’t much.
I’ll have a look at Robert’s latest book tomorrow lunchtime and give you my thoughts from a women’s perspective – watch this space – but I’m not sure if women investors do things very differently to men – although I hat to admit it but I do tend to use my “charm” on the male real estate agents more than my husband would – and it usually pays off!!! Awful to admit but I think sometimes that being a young, polite, friendly female can have its advantages ha ha!![inlove]
Current RBA rate is 5.75%?
1% increase on 5.75% = 17% increase.
Thats an additional 17% of interest you need to pay. 1% does not sound much on its own, but relative to the current IR its quite a lot!
Yes I agree totally – it really is a lot of extra money to find.
What I really meant to say was that a 1% rise above the current rate isn’t a lot compared to the level that interest rates have historically been in the past.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
