Thanks for the link, histerical stuff!
I posted earlier that I hated that book. I forget what post it was but it was one of the first books I Photoread and I was having a hard time getting the book to "gell" so I slow read the whole thing and figured out that I hated the thing so much that obviously my subconscious wouldn't let it in!
With that said I think that motivationally it's not a bad book. It does get you thinking about aquiring assets BUT BUT BUT it's not as easy as he says. I'd throw Kamasutro or whatever the heck his name is on the same pile as Ken Roberts or Tony Robbins- it's alright stuff, enough to motivate you but the truth is none of it is easy.
I personally know alot of people that buy and sell real estate and rent places out and they work FULL TIME at it. I know of a guy (my wife's former boss's husband) that owns 12 rental properties and it's his only source of income and he's well off but he works a good 20 hours a week keeping them up. He does all the work- carpentry, electric, plumbing etc- and makes around $50,000 a year at it and although he doesn't have to answer to a boss he does have to answer to 12 families when they bark. He had the properties given to him by his dad and that's how he learned to fix all that stuff- his dad was doing it too for years and was probably glad to get rid of it. I wonder if he would be in the position he's in if he had to start from scratch?
I had 5 teachers in high school that were real estate schmucks that bought, resold plus rented out what wouldn't sell and they're constantly dealing with the properties and none of them can quit their teaching jobs.
What bothered me most about the RD/PD book was when he threw "Intellectual Property" in the mix with the "income producing asset" column. That's like something out of the blue that he didn't explain. Well, he did but he said it's "music" or something like that that you're getting royalties from. Why didn't he say "books" too? Uh, duh. That might have put the spotlight on what he's doing now. And what's the likelyhood of ANYONE having 'intellectual property' reading his book?
I don't think there's anything wrong with writing books but to tell someone to buy "income producing assets" is like telling someone to save money. Everyone already knows that! The problem is it's hard to do.
I worked for a guy that I consider to be 10 times more successfull than Komatsu (or whoever he is). He worked for Domino's in high school and stayed on when he graduated, worked and saved for 10 years and bought his own store and from then on has had others run it for him. $70,000-$90,000 a year since then working about 10 hours a week. Then he bought 2 more stores and figured out that having to deal with them wasn't worth the extra money or time so I think he's trying to get rid of them. Can you imagine being 30 years old making a secure $70,000+ a year for 10 hours worth of work PLUS having the WISDOM to know that more money is essentially pointless?! Geese. He should be doing seminars.
I also got his book on investing. Once again it's not really that bad but you got to have money to start with and that's the hard part. Also, it's the same stuff the stock exchanges will tell you for free because they want you to trade. The Commodity exchanges give free trading info to anyone that asks for it and it's exactly the same stuff "guru's" are putting in their courses. There are no 'secrets' to success and the reason most people aren't successful (drum roll please) is because of CHILDREN! We have kids and lo and behold WE WANT TO BE WITH THEM so we say heck with "success" and throw baseballs at their heads and hope they'll catch them and all that other stuff we can't do if we're out chasing money.
My dad worked 40 hours a week "no more no less, dammit" because he had 3 kids. If Komoto was my dad I'd be a disfunctional Prozac chugging crossdresser on Springer fighting with some guy (or girl) trying to take away my 14 year old pregnant girlfriend because I was neglected because my father was never home and I felt abandoned and had to cling to whatever I could get my hands on. No one ever talks about that- all the stuff you can't do when you're out working Overtime to make more money so you can then take the time to look at all these real estate deals or go to seminars.
I learned alot from my "Rich Dad/Poor Dad" experience... selling information about doing something will make you more money than actually DOING that SOMETHING.