An Aussie version of Rich Dad, as you can see many examples
of OPM ( Other People’s Money), using Equities from a revaluated Home mortgage
to buy properties in perpetuity with little or no money down. Leverage if used
wisely can do magic. But faced with subprime like property meltdown, you have
better be prepared.
Some very interesting concepts like :
(1)
The Key to Wealth : knowledge ( applied ) and
skill
(2)
The Key to Success : you reap what you sow
(3)
The First Secret of Money Magnetism : Uniqueness
( 1 demand 2 willingness to pay 3 only you can provide supply )
(4)
The Second Secret of Money : add Value
(5)
The Third
Secret of Money : Leverage
He also touched on :
(1)
When we struggle , it is probably because (1)
off-course (2) the winds have changed direction
(2)
Law of Universal Convergence : nature will fill the “vacuum” created by an well
constructed idea and the before the formation of form. Nature will provide all
the resources, people, energy needed to create the form because it is the law
of nature to fill hte void. Let go of the idea and nature has no more vacuum to
fill. The idea just fizzles out. Stick to the idea till it take form.
(3)
The 3 elements of investment : Growth, Income,
Low Risk. Choose either 2.
Being rich is a skill worth learning for. Because even if
you lose your wealth, you still have the skill to make back the money. Maybe
even faster than the 1st time you made it.
