Page 157 - Rich Dad Poor Dad for Teens: The Secrets about Money--That You Don't Learn in School!

Look in the right places. A neighbor bought a condominium for
$100,000. I bought the identical condo next door to his for $50,000. He told
me he's waiting for the price to go up. I told him that his profit is made

when you buy, not when you sell. He shopped with a real estate broker who
owns no property of her own. I shopped at the foreclosure department of a
bank. I paid $500 for a class on how to do this. My neighbor thought that
the $500 for a real estate investment class was too expensive. He said he
could not afford it, and he couldn't afford the time. So he waits for the price
to go up.
I look for people who want to buy first, then I look for someone who

wants to sell. A friend was looking for a certain piece of land. He had the
money and did not have the time. I found a large piece of land larger than
what my friend wanted to buy, tied it up with an option, called my friend
and he wanted a piece of it. So I sold the piece to him and then bought the
land. I kept the remaining land as mine for free. Moral of the story: Buy the
pie and cut it in pieces. Most people look for what they can afford, so they

look too small. They buy only a piece of the pie, so they end up paying
more for less.
Small thinkers don't get the big breaks. If you want to get richer, think
bigger first.
Retailers love giving volume discounts, simply because most business
people love big spenders. So even if you're small, you can always think big.
When my company was in the market for computers, I called several

friends and asked them if they were ready to buy also. We then went to
different dealers and negotiated a great deal because we wanted to buy so
many. I have done the same with stocks. Small people remain small because
they think small; act alone, or don't act all.
• Learn from history. All the big companies on the stock exchange
started out as small companies. Colonel Sanders did not get rich until after

he lost everything in his 60s. Bill Gates was one of the richest men in the
world before he was 30.
• Action always beats inaction.
These are just a few of the things I have done and continue to do to
recognize opportunities. The important words being “done” and “do”. As
repeated many times throughout the book, you must take action before you
can receive the financial rewards. Act now!

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