Wealth Building
Jan 3rd, 2010 |
By admin
Forces working to make you poor!
There are “forces” working against you which result in you working harder and harder to “save a buck”!
The first step is to UNDERSTAND these forces. The second step is to make them work FOR you, or LESSEN them.
Here they are:
Bad Debt. Paying interest on … read more »
Posted in Wealth Building |
1 Comment »
Tags: Bad Debt, Debt, inflation, Interest, Taxes
Jan 1st, 2010 |
By admin
The Wealthy Code Training Videos
I want to wish everyone a happy and prosperous 2010.
As I was enjoying the holidays with friends and family, I decided to go ahead and record a training on becoming “wealthy” as a way of giving back.
There is a lot of mis-information out there and … read more »
Posted in Real Estate Investing, Wealth Building |
No Comments »
Tags: wealth, wealthy
Dec 27th, 2009 |
By admin
What you should expect as an Accredited Investor
One of the advantages of being an “Accredited Investor” is the ability to invest in “Private Offerings” or “Private Placements.” I have seen a lot of this happen, and I would like to share with you what you need to know and do.
Let’s start … read more »
Posted in OPM, Wealth Building |
No Comments »
Tags: PPM, private offering, private placements, raising money, SEC, securities
Dec 17th, 2009 |
By admin
Some students have asked me how to protect their idea and their trade name.
Here are some links:
Trademark protects titles, words, names, symbols, logos and designs that are used to identify a business’ goods (trademarks) or services (service marks) that are used in commerce.
For Trademarks, visit www.uspto.gov.
Patents are used to protect … read more »
Posted in Wealth Building |
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Dec 11th, 2009 |
By admin
Anyone that has taken our workshop called “The Investors Code” has heard me talk about this.
If you had played the game “Cashflow” (Trademark Rich Dad company) knows that there are 2 “tracks” in the game; the “Fast Track” and the “Rat Race Track”.
The “Fast Track” is where the wealthy play. … read more »
Posted in Wealth Building |
No Comments »
Tags: cashflow, fast track, rat race, rich dad poor dad, robert kiyosaki
Dec 7th, 2009 |
By admin
For years, I had been approached by students involved in network marketing. I have been asked to join various companies to do with juices, drinks, pills, telephones, websites… You name it, I have been pitched to join it.
I was sick and tired of it. For years, I did not think … read more »
Posted in OPM, Wealth Building |
3 comments
Tags: foundation to business, MLM, network marketing, OPM, Raising Capital
Dec 5th, 2009 |
By admin
I have seen Robert Kiyosaki, author of Rich Dad Poor Dad, interviewed on several TV shows.
What strikes me as odd are the questions he is being asked. Robert Kiyosaki teaches people how to THINK as the wealthy do.
However the questions he is being asked on these shows are that of … read more »
Posted in Wealth Building |
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Tags: robert kiyosaki
Dec 3rd, 2009 |
By admin
If you are an ACTIVE investor, here are THREE things you must do:
1) Become an expert in ONE strategy. This could be in a real estate niche or some business niche. For example, become an expert in income properties, or casinos, or franchises, etc. Do NOT move into another niche … read more »
Posted in Wealth Building |
No Comments »
Tags: income properties, OPM, Other Peoples Money, Raising Capital, Wealth Strategy
Dec 1st, 2009 |
By admin
Insurance – I hear students saying it is “good” and others saying it is “bad”!
Well, here is my perspective.
Insurance, if used right, is REQUIRED! It should be part of your portfolio.
Having the right insurance person on your team is absolutely NECESSARY. The problem I see is that many insurance agents/brokers … read more »
Posted in Wealth Building |
No Comments »
Tags: auto insurance, financing system, hazard insurance, insurance, life insurance, wealth arbitrage, Wealth Building
Nov 30th, 2009 |
By admin
Many of Gabby (my business partner) and my students are doctors.
So this post is for you. Many of you doctors ask me what should you do now?
Anyone with a high income and no time to allocate towards investing, here are some things you can do.
1) Buy a good single family home … read more »
Posted in Real Estate Investing, Wealth Building |
No Comments »
Nov 26th, 2009 |
By admin
People ask me what to do to hedge against inflation.
Well I will give you a couple of ideas.
But let me say that if the “Feds” keep printing money, inflation is likely. So this is a good question to be asking now.
So here are a couple of things you can do.
1) … read more »
Posted in Wealth Building |
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Nov 24th, 2009 |
By admin
I had lunch with a good friend/investor today.
We were discussing myths out there that many beginners believe.
I was sharing with him a story about one of my mentors who is worth A LOT! He had told me that he aims to make money on 30% of his deals. He typically … read more »
Posted in Wealth Building |
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Tags: bad deals, good deals, making money, percentage of bad deals
Nov 3rd, 2009 |
By admin
This has NEVER EVER happened to me before!
Few weeks ago, I was teaching a class on raising private money with a good friend of mine from SacReia.com (Tuan).
On the 1st day of the class, we covered the legal aspects of raising private money.
On the 2nd day of the class, we … read more »
Posted in Wealth Building |
3 comments
Nov 1st, 2009 |
By admin
Just got back from trick-or-treating. My youngest daughter was dressed as a little devil (she’s 5 years old), my other daughter was a polar princess (she’s 11), and my son (13) was a scary bleeding skeleton (don’t ask). My wife was a punk rocker – kind of sexy
Anyway, as the … read more »
Posted in Real Estate Investing, Wealth Building |
No Comments »
Oct 28th, 2009 |
By admin
It’s been a while since I posted on the blog. I have been getting a LOT of requests to keep posting, so I am back on track here.
In the last 2 months, I have been busy with a number of investments. I will write about some of these very soon, … read more »
Posted in Wealth Building |
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