Retire Young Retire Rich by Robert T. Kiyosaki

Author:Robert T. Kiyosaki
Language: eng
Format: epub
ISBN: 9781612680422
Publisher: Plata Publishing, LLC.
Published: 2015-10-28T16:00:00+00:00

After $5 Million, It Gets Very Easy

Late in the year 2000, the stock market was crashing, our business was expanding rapidly, our books and games were selling worldwide, and the companies we were bringing public were taking shape nicely and were soon to be profitable. Kim said to me, “I want to get back into real estate. We need to invest in more stable assets if we want to maintain our wealth.” With that, we went back out into the market and ran into our old reality, our old context and content. It felt like we were back again, trying to find $35,000 for a $335,000 apartment house. Even though we could easily write a check for three $335,000 apartment houses, paying cash without needing a loan, we were having trouble again. Things were not coming our way. At that point, I knew it was time to expand our reality one more time.

Up until then, Kim and I were looking for projects that ran around $4 million. We felt comfortable with that number since we knew we had over $1 million for the down payment if we needed it. We thought we knew a lot, but we could not find a property or the financing that made sense or that worked according to our new plan. Then I called an old friend named Bill, who does hundreds of millions of dollars in real estate. After finally tracking him down, I asked him what was wrong with our approach. Bill’s reply was, “Four million dollars is a tough market. Banks don’t like investments that big, and projects of that size are not exciting enough for sophisticated private investors. But after $5 million, it gets easy again.”

The moment he said that, I knew I was at the boundary of my reality, my context. Four million dollars was easy and comfortable, but $5 million was now just outside my comfort zone. My mind began to scream, saying, “If I can’t get a bank interested in a $4 million project, how will I get them interested in a $5 million project?” I could hear my reality speaking loudly to me. I could also hear rich dad telling me to remember the fairy tales and to also remember that getting rich gets easier the richer you get, if you just follow the formula. I knew it was time to follow the formula and push beyond my reality.

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