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Posted: 3/18/2002 9:30:19 AM EDT
Have you read this book? If you have, please tell us the secrets! Thanks in advance
Link Posted: 3/18/2002 10:48:17 AM EDT
geez. it's not that long of a book. you could read it in a day. basic points: no one gets finanically independent by working for someone else. bringing home a paycheck doesn't cut it. residual income is the key. the average worker puts in his time for money. if he stops putting in his time, he stops getting money. finanical independence results when the non-average person invests time and money in the present so that he can quit inputting time and still receive money off his initial efforts in the future. that's the long and short of it.
Link Posted: 3/18/2002 10:56:10 AM EDT
Thanks ARLady, I'm getting the book this pm, I just couldn't wait!
Link Posted: 3/18/2002 10:57:41 AM EDT
satcong-- email your address to me and i'll send ya the damn book.
Link Posted: 3/18/2002 11:08:31 AM EDT
Originally Posted By satcong: Thanks ARLady, I'm getting the book this pm, I just couldn't wait!
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oh, sorry. i thought you wanted the info without going through the hassle of reading the book. disregard the bitchy part of my previous post then. sorry again.
Link Posted: 3/18/2002 11:10:46 AM EDT
Thanks Rainman!
Link Posted: 3/18/2002 11:19:11 AM EDT
Ooh ooh You might not ever get rich But let me tell ya it's better than diggin' a ditch There ain't no tellin' who you might meet A movie star or maybe even an Indian chief... --Carwash
Link Posted: 3/18/2002 6:12:35 PM EDT
I finished reading this book about a week ago. There is no secret. I felt like the book was more motivational than informative. If you've gotten far enough in your financial education to want to read this book, you probably don't [I]need [/I] the information in it. I'd still recommend it though, because it has been a strong motivator. People who read "Rich Dad, Poor Dad" also recommend "The Millionaire Next Door", okay, maybe it's just me. [:D]
Link Posted: 3/18/2002 7:36:19 PM EDT
Originally Posted By Texason: I finished reading this book about a week ago. There is no secret. I felt like the book was more motivational than informative. If you've gotten far enough in your financial education to want to read this book, you probably don't [I]need [/I] the information in it. I'd still recommend it though, because it has been a strong motivator. People who read "Rich Dad, Poor Dad" also recommend "The Millionaire Next Door", okay, maybe it's just me. [:D]
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it's not a secret as in only a few people know about it. it's a secret in that only a few people practice it. something like only 5% of the population ever reaches financial independence, meaning that they never have to work another day in their life once they decide to "retire." period. FIVE PERCENT. you'd think if it were "common" knowledge that more people would be doing it. and investing is only part of the picture!!!!!
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