Thursday, February 01, 2007

Why we want you to be rich - Personal Views on this book.

This book is indeed interesting but may be problematic in some ways. Really, I don't think real estate is suitable for any invester. This book tries to convince the reader that the best business opportunities are in the real estate area due to several simple factors like tax or control. The truth is, I'm not conviced someone who invests in real estate has more control on his investment than someone else investing in stocks, bonds or mutual funds... All is a matter of being professional and really understanding the impact of your transactions. On another hand, this book taught me one essential concept: in order to win in business, constantly increasing our financial IQ is a must no matter the business area chosen. When reading this book, I was thinking about why Donald and Robert wrote such books... was it indeed to help others, or simply for them to make more money and to be in the buzz for another couple of months... After finishing the book, I understood that the answer to this question in fact doesn't really matter... the rich will be richer but it seems the poors will NOT be poorer this time. How? By increasing their Financial IQ...

In brief, a book I may recommand...

Yohan

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