I recently finished Robert G. Allen’s book ‘Creating Wealth’. This book is simply amazing for people seeking to build wealth and find financial freedom. Robert Allen is a true specialist and gives fantastic advice. Whether you have made your first million already or are just starting out on your road to financial wealth and freedom, this book is a must.
Financial Freedom
Robert Allen writes this book to give you an idea of how he built his financial freedom. He does this by taking your hand through all the stages of building financial wealth. He therefore starts out by illustrating the mindset you must have (or create) to allow you to succeed.
The next part in the book lays out a strategy you can use to get to that point of financial freedom. It is basically a step-by-step guide that you can follow.
Real Estate
Robert Allen has made his fortune in real estate. In this book he explains exactly why he chose real estate and why you should too. He also explains the pitfalls involved, and ways to get around them.
Over several chapters he explains simple ways to get ahead. These are always accompanied by great examples so you’ll thoroughly understand what it is he is talking about. Robert provides many calculation examples, about 20 tax deduction tricks you can use, and many other tips and tricks involved in buying, renting out and selling real estate properties.
The book also explains the different strategies you can use to handle real estate. Whether you want to buy and hold, buy low sell high, buy high and sell low (yes this actually makes you money), or any other strategy you can think of, it is in this book. Each strategy is paired with great examples so you can decide which is the one that suits you best.
Conclusion
I kept this review pretty short for a reason. This book is just awesome. It turned me around completely with regard to real estate. I used to think that it would be extremely hard to make money with real estate. It turns out that this is because I was thinking of using real estate completely in the wrong way.
Having read this book I have decided that real estate is my under current for creating financial wealth. My first priority is of course building my business, but I am making plans together with my accountant to put money into real estate to build my financial wealth.
This book doesn’t offer a ‘get rich quick’ solution. Those don’t exist. What it does do, is pave the way for you to financial freedom. In only a few years you can achieve financial freedom, and you could quit your day job! Go get this book if you want to gain insight into making money with real estate that will last at least a lifetime (and possibly that of your children and their children too!).
If you want to do me a favor, get your book from this link (it helps me support this website):
Mon, Jan 25, 2010
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