When I started reading the book, my first impression was: So here's another book that will tell me that I can buy real estate for "no money down", how I can make 6 figure passive incomes etc. I was right...but Robert is not telling you to give up your day job. All he is saying is that to become a Rich idiot, START NOW! Take action NOW! Accumulate cash, buy a home for your primary residence..then think of buying investment properties. Buy stocks/mutual funds, invest $100 to start but don't wait! . Start a business, it can be part time!The 4 biggest assets that a Rich idiot accumulates is CASH, REAL ESTATE, STOCKS and BUSINESS!
I can totally relate to that. Most of us have some cash, own a home, buy some stocks, but very few of us really own a business.
I have been thinking about it for a long time and what this book did for me is to give me that final push!
I recommend this book to individuals who need that FINAL PUSH !
Book Description (Amazon)
Bestselling author Robert Shemin reveals for the first time the inner-circle secrets of the mega-wealthy. Have you ever wondered why some people attract wealth while others stay financially trapped and in debt? The key is wealth-friendly, upside-down thinking. Stick with all the old moneymaking rules and stay broke. Break them and get rich. This is the book that shows you how.
We’ve all read about the college kid who made millions on a brainstorm, or the couple who made a fortune in real estate, or the guy in his thirties who waved good-bye to his boss and now lives on his investments. But until now, how they did it—the rules they followed or flouted, the tricks they stumbled on—have remained a mystery.
That’s about to change. Whether you’ve been trying to get rich but haven’t quite made it yet, or just need the confidence to dream big, this is the book for you. As experienced as Shemin is at showing high-net-worth individuals how to get richer, his real love is helping self-described “financial disasters” earn millions. And he uses his own odds-defying story to illustrate the outside-the-box thinking that gets the job done. Here, you’ll learn how to:
• set only one powerful success goal—and make it a big one
• play while your money goes to work
• stop building someone else’s business and start building your own
• live and think like a millionaire while you’re becoming one
• use the power and “smarts” of other Rich Idiots to help you join the Rich Idiot Club
• add OPI (other people’s ideas), OPT (other people’s time), and OPE (other people’s experience) to do less and make more
• tap into timeless secrets that unlock the energy and spiritual power of money
Learn which three assets you must own to become a Rich Idiot and how to obtain them with little or no money of your own. Learn why Rich Idiots outearn almost all the so-called wealth experts and how you can, too. Above all, learn how doing just one thing a day will bring you to your big goal.
In this book, the first to show you what it really takes to achieve financial abundance, Shemin illustrates in a fun, witty way how going against the grain is, in fact, the surest way to gain. Spend just a few pages with Robert and his Rich Idiot friends and you’ll be convinced that “if they could do it, I can do it.”
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8 comments:
Good review. I love the idea of building wealth by starting your own business instead of helping somebody else get rich. So true.
Totally love the title...
Good review, am going to check this one out, thanks!
reminds me of kiyosaki 'retire rich, retire young'.
it provided me with the final push to get moving.
I own a home, I did buy a 4-plex apartment with no money down 4 years ago and now it has become an 8-plex apartment. I also invest some money, and I totally agree that it's not reading another book but go out and take actions now is going to make you rich even if you make mistakes in the beginning. Good review and please let us know when you make your first million. :-)
sounds like an interesting book
Yet another bunch of crap promising, "a powerful system" of "insider secrets" guaranteed to make the reader a multimillionaire $100 at a time.
Crap. This is a load of it.
Here is the real "powerful system" of "insider secrets" used by myself and every other millionaire I know. It's not sexy but it isn't going to cost you squat, either:
1. Start young.
2. Have a budget.
3. Don't use credit cards.
4. Spend less than you earn.
5. Never mind putting on a show.
6. Cheapest house. Best neighborhood.
7. Own a business and put the profits back into it.
8. Don't spend on transient or shiny crap.
9. Save.
10. Save.
There you go--guaranteed to work and you got it for free. It's going to take hard work, business sense, sacrifice and discipline. But it's all you need to know. Now go get 'em.
Yeah. I think this book does a good job in pushing you a bit.
Kiyosaki does it too.
Thanks for the kind words guys.
some sensible tips from Mr anonymous. Liked the review as well. Am waiting for a push. will buy it soon perhaps.
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