All Forum Posts by: Jeremy Roll

Welcome aboard! I am fairly new myself. Looks like you have good goals lined out. BP is an awesome resource and seems to be a great community.

I agree with Robb. Greed can potentially lead to greater damage and have harsher lasting effects on oneself as well as to others. After all it is one of the 7 deadly sins: Greed, Pride, Sloth, Wrath, Lust, Gluttony, and Envy. Fear on the other hand can be debilitating and may cause one to shrink back from taking action. Greed is an intense, aggressive desire and active whereas fear is inhibiting or causes immobility. A little greed/desire may be good for taking action, but needs to be tempered with balance and accountability. Curious, why do you ask?

Hello PB Community! 

Maybe there is already a thread on this, was searching through, but couldn't seem to find one specifically on this. 

I currently live in Asia and want to get the ball rolling on investing in properties, but I kind of don't know how to get started while living over here.

What do you think about investing in Real Estate while living overseas/another country? Is it extra risky? I am constantly hearing on the Podcasts about people buying rental properties out of state. I assume living in another country requires the same process as buying out of state? Do you think buying long distance is not good for someone starting out? And how does one even buy long distance? How do they get the loans, do the closing costs, sign the papers etc. without actually being there? Is it all done through Email/PDFs/Fax/Power of Attorney?

If there are any forums already on this topic/discussion it would be cool to be directed there as well as any Podcasts where they had a guest on who invested while living in another country.

Thanks!!

I doubt it will have any real impact. It is surprising how different the news is in Korea compared to the US fear invoking news. After 70 plus years of empty North Korean threats the South Koreans are numb to the North. Every year between March and April the US and South Korea do joint military drills and every year N.K. gets upset and starts its rhetoric again. It just so happens that military drills were already a go this August before all of this. However, this is a little different than usual as the wild card in all of this is Trump with his loose cannon style use of Twitter coupled of course with Kim Jong-Un's threats.

Your review actually helped put words to my nebulous thoughts about the book, Wealth Can't Wait.

My first ever BP podcast I listened to was show 226 with David Osborn. In that show he had so much energy and what he was saying seemed to make sense. I too bought his book back in June. It took me about a month or more to get through the whole thing. I agree that there was definitely a lot of filler and empty space and I was surprised at how many small chapters there were (that's not necessarily a bad thing). The quotes scattered throughout each chapter started to become distracting and I ended up not even reading them because they were only two lines away from the emboldened quote. While I was reading it I remember later in the day trying to tell my wife what I had learned and read. I couldn't even really remember anything specific and had to go back to the book and skim over it.

After I finished the book I felt the same way. About a week later I went back over the contents page to see what I even read because I couldn't really remember. For a book title talking about wealth and with the idea that it was supposed to help you get there it didn't really give any specifics on how to do it per se. There was a lot of generalizations, have better thinking, have better habits, etc. I think those things in of themselves are good though. Scott Trench actually talked about this in Podcast 223 that many of the books that he's read on wealth, like Rich Dad, Poor Dad, don't really tell you how to get there, which is why he wrote Set for Life, which that statement alone is why I have his book on order. 

I read Millionaire Teacher by Andrew Hallam 2 weeks ago and I'm still thinking and reviewing the things over in my head about what he discussed in that book. Nothing like that happened with Osborn's, sadly. No slam on David, maybe that book just wasn't for me. 

I agree with your advice at the end.

I have just recently learned of Kiyosaki and have been interested to learn more about him and what kind of information he has. I just read "Rich Dad, Poor Dad" and found it very interesting and easy to read. I did notice that it seems to be a book that is full of general knowledge, but nothing specific. 

This thread seems to state the same as other articles I have read about Kiyosaki: a lot of vague, but no specifics. I have read where people have payed the $17,000, or more, for his training and learned nothing more than what they could have learned from a book at Barnes and Noble or from a resource like BP. And he has had many people file lawsuits against him for this "training" with many settling out of court. 

I have been watching many videos on YouTube with Kiyosaki and I have to say I don't like how he keeps calling people idiots and stupid etc. If anything, people are just financially ignorant, to no fault of their own, as the education system is not teaching people how to be, as Kiyosaki consistently points out. So if he knows this about the education system then why call the learners idiots? Makes you wonder if he has a bet with himself to see how high these "idiots" will pay X amount of thousands of dollars for his inside knowledge. Sorry don't really mean to be dogging on him as I think he is a good resource for someone starting out and needing to learn the basics, lingo, general ideas, etc.

Just listened to this podcast. Really informative. What I really liked about this episode was how down to earth it was. It wasn't all just how someone lucked out and became a success, but it also revealed the mistakes and stressful situations he got into. I think people learn from their own failures as well as others can learn from other's failures so they don't make the same mistakes.