Self Improvement : Advice on True Knowledge Investing

corplhicks wrote:

So in short, I've always been an artist (music/writing) and have shied away from financial gain. This changed after starting a family. I dropped out of college and began working for my father's business in hopes to learn more about the financial world. My interests have deepened, but I am still lacking a true knowledge base to move forward with investing. I've read the basic Rich Dad books; now I'm looking for more literature. I'd also like to know the best way to adapt to the lingo, if you know what I mean. It's been a difficult transition, especially in trying to trade in cynicism for optimism, but I know I have to do what's best for my family and myself.

 

 


 

Steven wrote :
This is how I directly translate, hope you could understand,
Money is just an idea for you to play with, there is no fixed value for it, you should know how to play with it.

Let's see how Robert Kiyosaki wrote:
"We found 87 acres of land had a house on it for $115,000. After spending a few dollars fixing the house and sold the house and 30 acres for$215,000. The balance of land 57acres not sold."

So how do we make extra $100,000 profit and an extra 57acres of land? Where do we find the right buyer (perhaps stupid buyer) that willing to pay extra or the seller (stupid) that willing to sell under priced property? And of course with the financial literacy of financing and financing product, then you would be reach at the meaning of "if you take on debt and risk, then you should be paid", you are into the investing with good return.

This is called making money with the value you play with. Investing is not simple as buying and selling of the property without using any skills (tricks) at all.

As in other words, 
Being a "B" quadrant is basically System + People.

- Copycat system is easy. Your focus is on people.
 Being an "I" quadrant is basically System + Psychology.

- Although Robert Kiyosaki doesn't mention it.


I have come across with an e-book, saying that "Success in Trading is 80%Psychology and 20% Methodology". From my understanding, there is a lot of methods out there, reading books, every possible book to get you financially literates, and everybody is knowing it, just focus one of the method that we prefer and improve it. The only thing is the psychology among ourselves that trouble it. For instance,

"So how do we make extra $100,000 profit and an extra 57acres of land? Where do we find the right buyer (perhaps stupid buyer) that willing to pay extra or the seller (stupid) that willing to sell under-priced property? "

The method of Robert Kiyosaki is well-spoken, and written, so where is our negotiations skill? We know we are trying to get a stupid buyer to sell it a lot higher, but at the same time we need some extra money to makeup the deal, this is how psychology is playing, how do we use the methods we have and put some psychology effect on the buyer, that he/she needs the property badly, and so with you to sell the property at this price badly, do we have patient for this price that is correctly valued? Do we have a lot of stupid buyer? Nowadays having a lot of valuer, how could we value it higher? Is it as easy as Robert Kiyosaki says?

This is the psychology, and also I consider it as a skill. However, does it look like cheating? As in this case, normally a successful investor would not let people know how he/she success in investment, it is not stingy, but this is how life works. If you are gain, the other party is loss. That's why. Won't you get the idea when Robert Kiyosaki says this, the buyer himself/herself will feel cheated after reading the book he wrote in Rich Dad Poor Dad even though it is still a willing buy and sell agreement because letting the buyer knowing the original price?

It looks like I'm writing an article. Corplhicks, there is a lot of reading material out there, get something you like to invest, (of course invest means selling it at a higher value), and learn it. Real estate is one of the option, however, when you invest this real estate, does it look like you are smart as you buy it at a lower price? or looking stupid for buying it at a higher price?

The question is how do you know you are buying at the right price, and how would you market it at a higher price after deduct all the interest, inflation, charges, and how would you stay alive so that it won't become your liability in order to invest this real estate for a long period of time?

I hope you know what to do now. Actually I do already sick with theories, a lot of methods are already spoken, and we have to find our interest and make it work on our own hands and our psychology is the main issue.