Tuesday, March 19, 2013

Rich Dad Seminars...and seminars in general.

I recently watched an old episode of "The Rockford Files" - probably from season two. This is a TeeVee show from the 1970's, nearly 35 years ago. And in this episode, an old friend of Rockford's surfaces, and it turns out he is a millionaire. He runs a financial seminar program, telling people that they need to believe in themselves in order to be rich. And of course, he is later exposed as a flim-flam artist. So this sort of "financial seminar" which is long on cheerleading and motivational speaking, and short on details and specifics, has been around a long, long time. And if you really want to make money in Real Estate (I made over a million dollars) you don't need to attend any "seminars." There is no big "secret" to making money in Real Estate. You have to be able to spot Bargain Properties, have the money and credit to buy them, be able to repair them yourself (or know some good handymen) and then be an efficient landlord. All of that is hard work of course, and is not a "get rich quick" scenario.

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