Last night my daughter was working, son was at the movies, hubby was in "the cave" and I was working at the computer with the TV on for background noise.
Well, I ended up putting the computer aside and watching a really interesting show on 20/20. With the exception of one story, the entire hour was devoted to how the average person can get rich.
If you didn't catch or TIVO the show, below are links to the recaps. Check them out....I don't know how long the links stay active.
The stories consisted of:
1. Real Estate . This was about how to create wealth through real estate ownership. Two examples that were particularly good. One showed how a guy parlayed real estate appreciation into the makings of an real estate holding empire....and upgraded is own living quarters n the meantime.
The other example was dear to my heart as it took a couple in California who made very little (by today's standards). Showed how they could also afford to own real estate. What was particularly interesting was their protestations that they would never be able to afford it...while the "expert" handed the lady over $700 in DVD's they'd bought....which didn't even put a dent in their collection.
Read this if you need help getting your priorities straight!!
2. Realionnaire This segment talked about how the average millionnaire is not living the life of Trump. They are not the noveau riche, but drive average cars, live in average homes, send their children to public schools, etc. Interesting personal story with a GREAT quote:
Comfort is the Enemy of Achievement
3. Robert Kiyosaki and "Who Wants to Be an Entrepreneur"
Personally, I thought this was an expose on Kiyosaki. The premise was the Kiyosaki gave three people $1000 to see if they could turn a profit at the end of 30 days. I won't give you all the details here, but I will say that only one of the three had profits in their pockets at the end of the month.
What was particularly interesting - given his claim to fame - was what Kiyosaki did - and didn't - do with these 3 would be entrepreneurs.
Here are quotes from the end of the show:
"Which led to my final question for the biggest self-help book salesman in the United States today. If I read your books, what am I going to come away with that's going to help me get rich?
"His answer: 'Start a part-time business and make as many mistakes as you possibly can while you still have your daytime job.'
Which begs the question: Does anyone really need 18 books to learn to fail? "
You owe it to yourself to stop by and read these. Well worth your time.
