Page 126 - Why We Want You To Be Rich - Donald Trump, Robert Kiyosaki.pdf

120 I CHAPTER NINE

clash with their ideas. They ask, "You say you can invest without money.
Isn't that risky?"
"Well, duh! If! don't have any money in the project how can there be
any risk?" is how I want to respond.
A few days ago, I was speaking about investing in silver coins on the
radio. A caller got through and said, "I'm making 9 percent on my money
in mutual funds. Why should I invest in silver?"
I wanted to say"Silverhas gone up nearly a hundred percent in lessthan
a year." But I didn't. Instead, I simply said, ''I'm glad you're happy with a 9
percent return."
Many people think investing is risky because for people without
financial education and experience, it really is risky ... and it is even riskier
when you turn your money over to a financial advisor who has only a little
more education and experience than you have.
One ofmypet peeves iswhen real estate salespeople say to buyers, "This
property will appreciate in value." In other words, they mean, "Buythis now,
even though it loses money, because in the future, it will make money. Real
estate always goes up in value." I would want the buyer to ask, "Will you
give me a money-back guarantee if I do not make money?" That usually
dampens the salespitch.

When it comes to investments, the questions you should ask are:

2. How do you reduce risk and increase returns?
3. How do you find great investments?
4. How do you know a good deal from a bad deal?
S. How do you invest with less of your own money and more
OPM (other people's money)?
6. How do you get the experience without risking money? .
7. How do you handle losses?
8. How do you find good advisors?

I wish these questions could be answered easily. But they are questions
without specificanswers.They are questions that keep me studying,learning
and searching. By continually asking myself these questions, I get better
--- - - - - - ..;.;,,;;.-_........................_............................-...;..--
WHY WE WANT You To BE RICH