Monday, August 4, 2008

Trump and Kiyosaki Book Missing Details For Real Estate Investors

I just read the introduction of billionaire Donald Trump and millionaire Robert Kiyosaki's new book, "Why We Want You To Be Rich" and I feel horrible for those people who bought the book thinking it would actually teach them how to be rich.

In fact, the book could be some of the most blatant self-promotion I've seen in a long time. I probably should have expected it from Donald Trump (who names just about everything he does after himself), but thought Robert Kiyosaki, co-author of Rich Dad, Poor Dad and several other books, would have known better.

The premise of the book is great... a billionaire and a millionaire get together to share why they want you to be rich and give you insight into how to actually become rich using the same strategies they both used: namely real estate investing.

I mean there have been a lot of new real estate investors resulting from Robert Kiyosaki's books with Dolf De Roos and Donald Trump made his money in real estate investing as well, so it should follow that they'd actually teach you how real estate investing. Nope. Not from what I've seen so far.

Don't get me wrong, the book does have some great information about financial education, some important mental distinctions each one had to make, but as far as the details and "how to" information of investing in real estate (or starting a business of any kind for that matter), it comes up way short.

What a real estate investor who is buying this book needs, in addition to the book, is a good primer course on finding motivated sellers and information about actually investing in real estate. What they need is additional information on the types of marketing to use to get those great deals with $30,000 or more in profit without doing a ton of work or spending thousands of dollars on fruitless marketing.

Coupled with a course that actually teaches some of the "how to" of becoming a real estate investor, I would say that the "Why We Want You To Be Rich" book by Trump and Kiyosaki could be a very valuable addition to your learning library.

James Orr is a professional real estate investor, marketing expert and founder of the LearnToBeRich.com on-line investment game.

You can get a free real estate course and fully analyzed real estate deals and his blog by e-mailing him at freerecourse@learntoberich.com or visit the Learn To Be Rich Blog for more great articles and information.

James Orr - EzineArticles Expert Author

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