John Burley article

[DaleGG]

Hi

My apologies for posting this here if it causes any offence. However, a couple of peole have asked me lately for a copy of the Burley/Kiyosaki article on the "6 levels of investor"

I hope it proves thought provoking and challenging

Have fun
Dale

[Andrew_A]

Hi Dale,

Thanks for that. I found those descriptions very interesting when I first read them. I wrote them down in my journal on 24/2/2004. Going back over my notes I notice a missing level between the two versions. My notes as follows:

The missing level 0: (I guess we all know people on this level)

Level 0: Non existent: This level is often better off than the borrower.

The exisiting levels:

Level 1: The Borrower: A consumer with high levels of bad debt.

Level 2: The Saver: Normally saving to consume rather than invest.

Level 3: Passive Investor: Middle class: Financially illiterate. Relies on 'experts'. Little idea where there money goes. "It can't be done" mentality - cowards financially.

Level 4: The Automatic Investor: Long term written out investment plan. Follows the 7 money secrets of the rich:

* Pay yourself first.
* Reinvest your investment returns.
* Receiving level 4 automatic investor rates of return
* Knowing what your money is doing.
* Adopting the automatic investing system
* Financial competence (Intelligence & responsibility)
* Avoiding consumer debt and living free

Level 5: The Active Investor: Actively participating in the management of their investments. Long term annual returns of 20-100% Their money works hard for them rather than working hard for money. A focus on increasing assets and cashflow. They invest first before spending.

Level 6: The Capitalist: www.rockfound.org Rockefeller was a true capatilist. They create massive wealth for themselves and for others. A capatilist can make a large difference to the world by becoming a philanthropist.

Perhaps the 7th level was a later addition to Burley's descriptions? If I remember correctly this was all taken from "Money Secrets of The Rich" - Burley. It's my understanding that John Burley like Steve McKnight owe most of their success to "wrapping" deals.

WaySolid.

[Tandella]

If I remember correctly this was all taken from "Money Secrets of The Rich" - Burley. It's my understanding that John Burley like Steve McKnight owe most of their success to "wrapping" deals.

Correct on both counts.

The first couple of chapters in John Burley's book "Australia's Money Secrets Of the Rich" are devoted to describing all those different investor levels in more detail.
http://www.successcentre.com.au/catalogue/titles.cfm?cur_titleID=65

And yes, John has become extremely successful with the use of wraps. This is also explained in his book.