I just finished the book. Very eye-opening. And true when I think about it. To summarize it to people I pretty much tell them that the sidewalk is for money-wasters who want to be rich, including those with high incomes; the slow lane is money savers; and the fast lane is a business owner who will retire within 5 years.
Over the past few years I've been buying rental properties. I have 8 which should cashflow around $300 each, but due to all the tenant problems and city taxes, etc., I barely break even. I'd need to buy about 30 to be able to quit my job. The original plan was 15. I have 8.
This book made me realize that the smartphone app I thought of 5 years ago still doesn't exist (on a mass scale, if at all) and that it isn't my idea that's worth a $million, it's the implementation. At this point I bought 3 app books. I'm going to read those then either learn to code or find someone to hire/partner with. I trust myself the most.
Over the past few years I've been buying rental properties. I have 8 which should cashflow around $300 each, but due to all the tenant problems and city taxes, etc., I barely break even. I'd need to buy about 30 to be able to quit my job. The original plan was 15. I have 8.
This book made me realize that the smartphone app I thought of 5 years ago still doesn't exist (on a mass scale, if at all) and that it isn't my idea that's worth a $million, it's the implementation. At this point I bought 3 app books. I'm going to read those then either learn to code or find someone to hire/partner with. I trust myself the most.
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