Investing books

hi.

I'm after a book on property investing and I think over time I have heard rich dad poor dad is a good one? Any recommendations would be much appreciated.

Thanks

 

Hiya

Pretty sure there's a sticky post on here somewhere on recommended reading. Has a long list.

Cheers

Jamie

 

Rich dad is good. Some of my personal favourites are
130 properties in 3.5 years by steve knight
richest man in babylon by george clason
A property investors guide to negotiation by john potter

 

Search button is your friend

 

Like any book, you need to read them critically. Use your own experiences and not take the words as gospel.

Rich Dad is definitely one I put into the super critical category. Many of the ideas while valid, are claimed to be truth. In my opinion many are just stories.

 

I really enjoyed reading My Four Year Old Property Investor by Cam McLellan. You can even get it for free if you ring his company Opencoorp.

 

In my opinion mindset is even more important than technical aspects of investing. So I would also suggest focus on developing the right mindset along with investing books which will provide you the techniques. "Slight Edge" by Jeff Olsen as well as "Think and Grow Rich" by Napolean Hill are really good in this regard.

Happy reading!

 

Book list

 

Would not books change over time, based on the market? Or are the principles the same regardless?

I cannot see someone who was successful years ago having the same success in a modern (say) crowded Sydney market.

 

I really did enjoy that book as well, it's pretty basic & a good introductory book, but gives a good understanding of things

 

Thanks for the replies everyone. I have gone with Steve McKnights book and i will see how i go with that. Your replies were much appreciated. Im sure i will move onto other books soon. I am liking this one at the moment although i can't see myself going to NZ and buying 60 properties in a day

 

I am currently reading through "20 Must-ask Questions for Every Property Investor by Margaret Lomas (2012)". Quite a good read.

Once I finish that I'll get "130 properties in 3.5 years" by steve knight, and go from there.

 

I like the armchair guide to property investing by the guys from propertycouch. Podcast is great and the principles they talk about can apply to all markets.

 

Money principles doesn't change, you got product changes over time

if you take the principles add risk and finance magic to the equation then it becomes a product and strategy and they can both make you money or lose you money.

The principles in the richest man in Babylon doesn't change, doesn't matter what century you lives in.

put away part of your earning
invest your saving to get a return etc...
and re: investing in Sydney, investing doesn't restrict to properties, it can be a small business, large commercial business, stock market etc...

Plenty of people living in Sydney making a killing without involved in Sydney properties

 

Some content/context will but wealth creation principles are just that and do not change if they work and they do, IF critically applied

You can read and read and read but nothing beats rolling your sleeves up and getting stuck in as this is where the applied learning takes place.

I think the key is to get the right team of people around you from the get go. How do you do that you may ask? - You find a person/people who have trodden the path you are embarking on and tap into their knowledge, resources and contacts. Napolean Hill who wrote "Think and Grow Rich" calls this your "Mastermind".

I have a decent collection of pdfs that I am happy to send to anyone who is interested?

 

I have read a few books by Margaret Lomas, Steve Mcknight and Michael Yardney.
Also consider subscribing to a good property investment magazine.

 

Hi Colin,

Am I please able to get the PDFs from you? I'll have a read through them this coming weekend.

Regards,

Rob

 

@Sponge I will PM you

 

Hi Colin,

I’m new on the forum and getting myself educated asap! Those PDF’s will be much appreciated my side as well please?

The forum seems like a great place to be part of!

 

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