Sunday, February 4, 2007

Book: Why We Want You To Be Rich

Why we want you to be Rich, by Donald Trump and Robert Koyisaki
2/4/07

Great motivational book. Bottimline, the U.S. dollar is week, checks for pensions have been written that cant be cashed, real estate and natural resources have intrinsic value. The purpose of this book is to open folks eyes to the fact that living below your means as an employee isn’t necessary. The real money is big business and investment. He discusses how to “leverage” other peoples money for sure things. Big “equations “ are:

Control = no risk

Thoughts à actions à reality (and repeat)

Final recommendations are to invest in real estate to take advantages of tax situations, avoid stocks and such because there is little control and minimal tax breaks.

What I want to do: Look at a situation and ask “How do I profit.”