Page 143 - Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money
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$50 per month in cash flow. Today, he controls a real estate portfolio worth
hundreds of millions of dollars.
I bought my first investment property in 1973. I had no extra money to
invest. I was still in the Marine Corps and had just purchased my first
home. Rather than let low pay and no money stop me, I signed up for a real
estate investment course for $385. Within a few months I purchased my
first investment property, a one-bedroom condo on the island of Maui, for
$18,000. The property was in foreclosure, and the bank was desperate to get
rid of the unit. The bank let me put the $2,000 down payment on my credit
card. The property made me about $35 a month after paying my mortgage
and credit card bill, which is an infinite return, since I borrowed 100 percent
of the money. Once I proved to the bank that I could manage the property, it
let me buy two more units. My investing career was launched.
About a year later, I sold the three properties for approximately $48,000
each and put nearly $90,000 in my pocket. Not a bad return on a $385
seminar and credit card down payments.
Even though I did it, I do not recommend that people use credit cards to
make down payments. I do, however, recommend that a person read books
and attend seminars before investing. One of the reasons The Rich Dad
Company has intensive investment seminars is because I strongly believe in
the power of our minds. Our minds are our most important form of
leverage.
At our seminars, the instructors are fabulous. I must admit that they are
better teachers than I am. They are much more focused and thorough with
their content and delivery. They are well-trained, dedicated to your success,
and, most importantly, they practice what they preach. Most students report
that our courses open up their minds to a world of new opportunities,
different ways of becoming financially free, and change their lives forever.
You can find out more information on our website, Richdad.com.
3. Dream big. Most of us know that a child must be allowed to dream. The
same is true for adults. As a couple, Kim and I have big dreams. Our
dreams keep our marriage rich, young, and fun. Bigger investment projects
keep us learning together, operating as a team, and growing together rather
than growing apart. Instead of living below our means, we dream big, learn,

