Buy my book! (Pretty please) 
As you all know I am always reluctant to “buy in” to arguments in any forum on my work.
However, as this is discussing my book, I think I should at least say something (and of course it gives me a great opportunity to plug myself!).
1. Sunstone is correct – the title refers to building a property portfolio of $10 million in ten years, it does not have anything to do with net worth or “Average Joes” (isn’t he some guy on a reality TV show?) so maybe it’s the
poll that is misleading??? (but thanks for the attention anyway).
2. Anybody who has ever read any of my posts knows I do not defend my strategies – people can make what they like of them, take the things applicable to their situation and discard the rest - but I would like to correct one thing – Bill – I suggest you pay closer attention to Mr Buffett’s strategies and the actual way they “trade” for Berkshire Hathaway rather than the publicly accepted (and Buffett promoted) myths. Your “Buffett doesn’t think much of options” statement seems a little off the mark considering their current portfolio. And is it really worth the typing to be arguing on the definition of “buy and hold”? Sheesh – there are properties out there going cheap!
3. This is a property forum – what are we doing discussing options and shares at all? I think it is particularly dangerous to be discussing such a complex and potentially loss making form of trading in a public forum without an understanding of levels of knowledge or education.
4. Trading makes up a small part of my strategy and while I concede that there are hundreds of different options strategies, Covered Calls are simple and easy and that’s why I like it.
5. Thanks again for the positive comments on my work from those of you who did so. And more importantly congratulations to those of you who have gone on to make money, any money from any form of investing, property in particular. The comments about that often laughed about “mind-set” are 100% accurate.
6. As a niggly thing – I prefer not to be referred to as a “seminar presenter” (although it is obvious that I am one), a “guru” (because I am a fellow student like everybody else in here), or most particularly a “spruiker” (although I am sure there are many who think of me that way) – I am a “Financial Adviser” (and those who know me at all will know how I intend that!). Seminars are a fun, simple and efficient way to learn for many people and that’s why I love them but 90% of my work is acting as a Financial Adviser to my clients.
7. And I say that because my company is a Financial Services company that makes it money (and yes, thanks, we are very profitable – since when did that become something not to aspire to?) through Financial Planning, Stock Broking, Mortgage Finance, Real Estate Sales and Managed Investments. And by the way for those of you who do know me you will remember that I was a “genuine” multi-millionaire (for some years) before I ever presented a wealth creation seminar.
8. The title of the book was picked by the publisher and it is designed to do one thing only – sell books. As the book is already on Dymock’s Business Best Seller list (one week from release) seems they have been successful!
9. While I agree that the strategies you will need to adopt in the next 10 years
may vary from what I did in the last 10 years, seems to me the investment / business cycle has rolled on and done what its done just about the same every decade for hundreds of years. Maybe exactly the same strategies will work again? We’ll all know the answer in 10 years!
10. And finally, yes I do, unequivocally believe that gaining $10 million in 10 years is possible and I think it is a feat more likely to be achieved by an “Average Joe” than anybody else because they are not continuously questioning strategy – they just get on and do it.
Have fun, profit from your investments and buy the book! (I need the $2 royalty! Ha Ha).
