John T. Reed on get-rich-quick real estate gurus
www.johntreed.com John T. Reed speaks about what you get when you buy a typical real estate investment book. Other gurus tell you what you want to hear, while John tells you what you need to know to be a successful investor who benefits from skill, not luck.
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November 4, 2009
3:46 am
I never heard that quote from Einstein before, that’s a riot!
Great vid, I’m so glad to know about the real estate gurus – I wasn’t sure until now.
November 4, 2009
4:13 am
More proof that the commercial real estate crash is coming: hotel foreclosures in California have more than tripled in the first nine months of 2009, according to Bloomberg. Foreclosures in Dana Point climbed to 47 in January through September from 15 a year earlier, and properties in default more than quadrupled to 259. Yet Robert Kiyosaki tells people get rich in real estate by flipping properties?
November 4, 2009
4:44 am
Someone who spends $20 buying PowerBall Lottery tickets is making a better investment than someone spending that money buying a Robert Kiyosaki book. You don’t have to waste hours reading the winning lottery numbers in the newspaper and you have a better chance getting rich.
November 4, 2009
5:18 am
John T Reed is right about these Gurus. Einstein had a quote concerning people who buy their books: “Only two things are infinite, the universe and human stupidity, and I’m not sure about the former.”
November 4, 2009
6:04 am
ComradePatriot, which book of kiyosaki s did u read?
November 4, 2009
6:56 am
Kiyosaki is like the Milli Vanilli (a fake music group) of the financial world.
November 4, 2009
7:31 am
The only get-rich-quick real estate guru that works is the Tony Montana school of making $Millions fast. Just watch the movie Scarface and you will learn more about making quick cash and taking risks than from listening to Robert Kiyosaki. Just make sure you do not count your cash under a hidden camera installed be the Feds.
November 4, 2009
8:01 am
Be kind alright man. I get a little heated about this topic too. What points do you have though? Why are Kiyosaki’s books bad? Did you know that in the US less than 9%of working people will ever make more than $100,000 a year. A high percent will never make $1,000,000 dollars in their lifetime. That’s because we don’t think about money right. Maybe you should try reading a few of Kiyosaki’s books, then make an informed opinion about them.
November 4, 2009
8:38 am
If you want to know how to invest you should talk to a financial planner, not anyone via internet or even books. People on the internet and authors are great resources for learning about investing but not real time. You need someone who can look at markets today. Robert Kiyosaki is bit of a philosopher but he’s helped me get in the right mindset to start investing. And now I have a decent portfolio going. But I use my own knowledge plus other peoples to make my decisions about my finances.
November 4, 2009
8:53 am
Thanks to JohnTReed the air has been let out of Kiyosaki’s tires on his Bentley paid for by the suckers who bought his books.
November 4, 2009
8:55 am
That is funny how shills for Robert Kiyosaki try to make excuses, when other people realize that Robert Kiyosaki does not teach how to make money, that he teaches how to “look” at money. So now Kiyosaki is a philosopher? So if I win the lottery I have to ask Kiyosaki how to look at my money? I might decide to spend it on Wine, Women, and Song or give it all to charity. I do not need Kiyosaki telling me how to live my life. I just want to know how to invest, which is were Kiyosaki is lacking.
November 4, 2009
9:01 am
I wouldn’t lump Robert Kiyosaki into “Get Rich Quick Gurus” category. He has no late night infomercials. Rich Dad Poor Dad is not a resource that requires a credit card number or monthly fee’s. Rich Dad Poor Dad the book even states that he is not trying to give any real estate advice in the book. Just a new way of thinking about money. He also agrees with you Mr. Reed “There is always risk in investing but you don’t have to be a risky investor” – Robert Kiyosaki
November 4, 2009
9:23 am
September 22, 2009 “Information Clearing House” — – A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid foreclosure. In Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, the Kansas Supreme Court held that a nominee company called MERS has no right or standing to bring an action for foreclosure.
November 4, 2009
10:00 am
Las Vegas Sands Corp. that owns the major casinos in Vegas soon will be bankrupt according to Audit Integrity, an independent financial research and risk modeling firm based in Los Angeles. Majority shares are owed by Sheldon Gary Adelson, an American billionaire businessman. He is a property developer and public company CEO based in Las Vegas, Nevada.
November 4, 2009
10:16 am
anybody who listens Robert Kiyosaki will never drive 200 MPH because they never will be able to afford to buy such a fast car. They will be broke taking the bus to the bankruptcy court.
November 4, 2009
10:40 am
And everyone knows investing in real estate is all about fun. Driving at 200 mph is probably quite fun. Suicidally unsafe, but quite fun. If its fun you’re after, read Robert Kiyosaki. If its sound real estate investment advice, read John T. Reed.
November 4, 2009
11:28 am
This guy reminds me of Duke Devlin (yugi’s rival) from yugio, Yugi (robert kiyosaki), beats him every time!
November 4, 2009
11:28 am
This guy should learn a lesson from Robert Kiyosaki. I thought reading Rich Dad Poor Dad was fun. : )
November 4, 2009
11:43 am
The reasons I use sports as an example is becuz it’s a career. Anyone who chooses a career an obtain success that no other man or women has soon love what they do. No one who loves to write says writing is very boring and if u do find it to be boring how much effort will u put into it. No investor I know has ever told me that real estate is boring and the ones who have done it off the strength of money eventually got a job. Thats all im saying. You can compare sportss to anything in my opinion.
November 4, 2009
11:49 am
JohnTReed is right about the fake Gurus. September 12′th news. Sarasota property flipper is filing for bankruptcy. Records show that in 2006 and 2007 he bought over 40 homes. Arthur Seaborne, a Sarasota property flipper whose real estate investment ventures led to millions in mortgage defaults, has filed for bankruptcy for the third time in his turbulent investment career. In many cases, Arthur Seaborne, 66, sold houses to investors he recruited at real estate seminars.
November 4, 2009
12:22 pm
using sports example in investing. sounds like a tout no doubt. lol should i bet ohio st +6.5 this coming weekend?
November 4, 2009
12:29 pm
Why would I wanna do something in my life that bores me. First off when you are bored u lack the motivation needed to succeed. I never saw a football or basketball player bored with the sport give 100%. If you are doing something strictly for the money I guaren damn tee you wont succeed. U probably working in walmart right now, which aisle is the butter. My Score Board(Money) is good how about yours? LMAO I know u working a job. and my investments are doing well and im not stressed nor bored.
November 4, 2009
1:02 pm
I make $73,000 / month copying videos on this site: OnlineMoneyMakerNow com
November 4, 2009
1:03 pm
either you’re a salesman or some kid doesn;t know anything about anything. good luck with your investments. you’ll end up working at walmart when you’re old and broke. lol
November 4, 2009
1:21 pm
U sound really ignorant and uneducated financially. Well I guess the name GW bush says it all. Why would anyone surround their life with something boring just for money. U might as well work a job, which is probably what u are doing lol.