@@@@@And anything else that has value, produces 504
@@@@@And anything else that has value, produces income or appreciates and has a ready market
As a young boy, my educated dad encouraged me to find a safe jobMy rich dad, on the other hand, encouraged me to begin acquiring assets that I loved "If you don't love it, you won't take care of it I collect real estate simply because I love buildings and land I love shopping for them 1 could look at them all day longWhen problems arise, the problems are not so bad that it changes my love for real estate For people who hate real estate, they shouldn't buy it
I love stocks of small companies, especially startupsThe reason is that I am an entrepreneur, not a corporate personI worked in large organizations, such as Standard Oil of California, the UMarine Corps, and Xerox Corp I enjoyed my time with those organizations and have fond memories, but I know deep down I am not a company manI like starting companies, not running them So my slock buys are usually of small companies, and sometimes I even start the company and take it public Fortunes are made in new-stock issues, and I love the gameMany people are afraid of small-cap companies and call them risky, and they areBut risk is always diminished if you love what the investment is, understand it and know the gameWith small companies, my investment strategy is to be out of the stock in a year My real estate strategy, on the other hand, is to start small and keep trading the properties up for bigger properties and, therefore, delaying paying taxes on the gainThis allows the value to increase dramaticallyI generally hold real estate less than seven years
For years, even while I was with the Marine Corps and Xerox, I did what my rich dad recommended I kept my daytime job, but I still minded my own busi
