What do you consider rich?

[oubeta]

I'd live in a doublewide on 5k acres. I'd be a happy camper. I'm sure my GF would love that. As long as I have land I'm happy.

 

[Machiavellian Muscle]

Maybe if you live in harlem ...

-sk

Donald Trump has invested a lot in Harlem. I would love to have invested because prices have skyrocketed and the place is totally rejuvinated. In fact, some are afraid it may loose its cultural integrity and push minorities out of the area.

 

[MattTheSkywalker]

My one million dollar yearly earning clients are my poor clients.

I would not mind being one the poor ones.

I think that just barely covers expenses out there.

Raise your fees

 

[bignate73]

I would not mind being one the poor ones.

are you picking their brains?

 

[Nonerz]

now on to my perception of rich:
passive cashflow coming in to exceed my living/lifestyle expenses (whatever i may decide to do within reason). a bit of excess income that i can put into other investments to allow me and others around me to live better. of course this means im not working for someone (jobwise)as well. if i do have a job, its for fun....and a business i own.

Preach on Kiyosaki-san! "When your passive income exceeds your expenses."

Geez, I love that game!

 

[Machiavellian Muscle]

Robert Kiyosaki is another scam artist. Just like Carlton sheets...

 

[bignate73]

Robert Kiyosaki is another scam artist. Just like Carlton sheets...

how does he scam? im curious to know. he doesnt sell you a method, his books tend to get your mindset right about wealth and goal setting. some of his later books get into more specifics, but from the first 2 books, its all changing your thinking about money, getting you fired up to learn about money. thats it. he makes no promises and doesnt hold your hand.

or is that the scam....because it isnt spelled out?

as far as carlton sheets, he gives methods of creative finance, some may be outdated, some not viable. from what i've seen, it is very "dumbed down". but he isnt marketing to the sophisticated investor.

 

[big_bad_buff]

shit, right now I consider any single person making 50k a year rich. I'd be happy making 50k the rest of my years

 

[Nonerz]

Robert Kiyosaki is another scam artist. Just like Carlton sheets...

hater...

 

[Machiavellian Muscle]

hater...

No I am no hater. Just voicing my opinion. Robert Kiyosaki is great for the simple minded person w/no real education in finance or good for getting people to think outside the box. However, his books are filled with a bunch of fluff and the same stories are repeated throughout each book numerous times. This again is to appeal to the masses and most people need things repeated to them over and over just to get it, but all his books lack real substance. Trust me I read them all and I felt like I heard the same story over and over in each book and listened to his simplistic ideas. Carlton sheets is the same thing with his no money down. In essence it is easy, but in reality it is not. Go buy a house with no money down and get cash back at closing in this market. It can be done, but the only person getting rich is Mr. Sheets. As they say those that cannot do teach.