Chapter 5: The Rich Invent Money
Inventing money means finding opportunities or deals that other people don’t have the skill, knowledge, resources, or contacts for.
In Chapter 5, Rich Dad Poor Dad explains there are two types of investors:
Investment packages are bought by people who entrust their money to a developer or fund manager. This is the way that most people invest, such as buying shares of an ETF or putting money into a real estate crowdfunding venture.
Professional investors look after their own investments, research the market to find deals that make sense, then hire professionals to manage the daily oversight. Professional investors have three things in common:
Identify opportunities that other people have not found
Raise funds for investment
Work with other intelligent people
Here’s one of my favorite closing thoughts from this chapter:
“Some people argue that there aren’t real estate bargains where they are, but there are prime opportunities everywhere that are overlooked. Most people aren’t trained financially to recognize the opportunities in front of them.”
Reyaan
15-Apr-2022 04:06 PM
Very nice 👌
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Sachin dev
15-Apr-2022 02:20 PM
Very nice
Reply