Future Money » Conspiracy Of The Rich http://zenfoosheeseng.com/futuremoney is about achieving financial freedom, personal finance experience, investment, stock, real estate and business Thu, 08 Jul 2010 15:37:36 +0000 en hourly 1 http://wordpress.org/?v=3.0 The Largest Investment On The Planet – Real Estate http://zenfoosheeseng.com/futuremoney/20091014/the-largest-investment-on-the-planet-real-estate/ http://zenfoosheeseng.com/futuremoney/20091014/the-largest-investment-on-the-planet-real-estate/#comments Wed, 14 Oct 2009 01:33:54 +0000 Zen Foo http://zenfoosheeseng.com/futuremoney/?p=44

I couldn’t help but quoting some content from Robert Kiyosaki’s latest book – Conspiracy of the Rich.

He was interviewed through a radio program by a financial expert.

The financial expert was asking Robert if the real estate is really dead, because so many people out there are losing money from real estate. If real estate investment is so bad, how can he still recommending people to invest in real estate.

This is his answer: “If you live on planet earth, you are invested in real estate. The house you live in, regardless if you own or rent is a real estate investment. The grocery store you shop at is someone’s real estate investment. Even boat harbors and marinas are real estate investments. McDonalds is the biggest real estate company in the world. Most people are born in the hospital and most people will be buried in a cemetery. Both are real estate investments. Someone is always making money from real estate. Like it or not, we’re all in real estate business”

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Since we are so close to the real estate investment world, we fail to realize everything around us has something to do with real estate. As i’m typing this, sitting on the sofa in my comfortable hotel room of The Marriot Group, i’m actually sitting on one of Marriot’s real estate invesment. It is everywhere; when you go to cinema, finding a car park, play tennis, football, shopping, dining at restaurant, and stock market. These are all real estate investment of someone else’s. Some one is always making money out of the real estate investment, and some one are losing money. In this case, i’m paying for Marriot’s return of real estate investment.

 

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]]> http://zenfoosheeseng.com/futuremoney/20091014/the-largest-investment-on-the-planet-real-estate/feed/ 1 Don’t Be Stupid http://zenfoosheeseng.com/futuremoney/20091014/dont-be-stupid/ http://zenfoosheeseng.com/futuremoney/20091014/dont-be-stupid/#comments Wed, 14 Oct 2009 01:28:04 +0000 Zen Foo http://zenfoosheeseng.com/futuremoney/?p=40

I quote this teaching from Robert Kiyosaki’s latest book – Conspiracy of The Rich.

We all know the definition of stupidity is doing the same thing over and over again and expecting different results. Yet, isn’t that what conventional investing advice asks of us – to keep investing for the long term, even when markets are crashing, and expect different results?

“In my lifetime, I have lost a lot of money. Yet with most losses came a valuable lesson. The primary reason I say this caller is asking a stupid question is because I believe she not only is failing to learn a lesson, she is actively making the same mistake. She is living out the definition of stupidity: Doing the same thing over and over again, and expecting different results.”

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However i would like to add that, the above quote didn’t mean to say that all long term investment is bad; for example a good company with great fundamental under excellent management will definitely strive in long term. A long term investment like a rental property in a good location that provide positive cash flow can serve you for a long time. The above quote simply imply the common misconception in many people’s indiscriminated long term investment perception.

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