Old, Old books
- Thread starter DaleGG
- Start date
Not sure how old this is but it's a great read (on-line) and I believe that Fred JOHNSON may have written another Real Estate book around 20 odd years ago Dale.
anyway becauseyou're a nice guy here's a link
The Wealth Power of Property
I enjoyed the read
Redwing
anyway becauseyou're a nice guy here's a link
The Wealth Power of Property
I enjoyed the read
Redwing
Those Old Books
Dale,
Try Alan Falkson's...."Buying real estate on a budget". It takes a cyclical approach to property. He is a West Australian and I read his book about 16 years ago and subscribed to his newsletter for about 2 to 3 years, later purchasing my first IP due to his influence. Like most investors I seemed to have read truckloads of IP books. Alan Falksons was my first.
Regards
Bob
Dale,
Try Alan Falkson's...."Buying real estate on a budget". It takes a cyclical approach to property. He is a West Australian and I read his book about 16 years ago and subscribed to his newsletter for about 2 to 3 years, later purchasing my first IP due to his influence. Like most investors I seemed to have read truckloads of IP books. Alan Falksons was my first.
Regards
Bob
Falkson
In an amazing co-incidence, last night I re-read "Investing in Real Estate on a Budget" which was the first investment book I purchased (not read, Jan Somers book was the first I read). Falkson's book is a fascinating read because it is quite different from the usual pulp. By usual pulp, I mean the books that explain why you can't afford to retire, then spend ages on goal setting, mindset, the power of compound interest etc. Falkson focusses on individual deals, making sure they are profitable, ie through adding value, positive cashflow, renting to buy etc. There are some interesting twists, such as his sections on trade discounts, credit references, and cycles. There is a section on investing in New Zealand, years before it became popular with the mainstream. Falkson's background as a printer also comes through. I also recall after reading it for the first time, I felt somewhat uncomfortable about Falkson's business ethics, although I cannot now recall the specific reasons. But overall, this is a book I have kept over the years and re-read many times.
Regards,
Burbs
PS I also re-read my copy of "The Wealth Power of Property" last week!
In an amazing co-incidence, last night I re-read "Investing in Real Estate on a Budget" which was the first investment book I purchased (not read, Jan Somers book was the first I read). Falkson's book is a fascinating read because it is quite different from the usual pulp. By usual pulp, I mean the books that explain why you can't afford to retire, then spend ages on goal setting, mindset, the power of compound interest etc. Falkson focusses on individual deals, making sure they are profitable, ie through adding value, positive cashflow, renting to buy etc. There are some interesting twists, such as his sections on trade discounts, credit references, and cycles. There is a section on investing in New Zealand, years before it became popular with the mainstream. Falkson's background as a printer also comes through. I also recall after reading it for the first time, I felt somewhat uncomfortable about Falkson's business ethics, although I cannot now recall the specific reasons. But overall, this is a book I have kept over the years and re-read many times.
Regards,
Burbs
PS I also re-read my copy of "The Wealth Power of Property" last week!
Dale,DaleGG said:
This book may help i think it was first published in 1991, by Sturat Moore
How to start with no savings and get rich safely, you may have already
read this book,but imho very few books stand up to the test of time
this one does for the years from 1991 to 2001.
I think he has something to do with this site www.sanford.com.au.
that's when i first had a listen to him 16 years ago,and bought his
book,i unsure what name he now writes under but he is still out there.
good luck
willair.......
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Dale, I had a similar interest in the origins of wealth consciousness some time ago. From my readings, a lot of it seemed to spring from 19th and early 20th Century Amercian Christian thinkers and speakers. There were a lot of Christian guys getting into a more optimistic and 'right to wealth' interpretation of what God wanted for mankind. They shifted the focus off the consciousness of the moral superiority of poverty, that is still ubiquitous in Christianity.
I somehow think this only came about because it was a logical fusion of living in the land of milk and honey and the prevalent Christian mindset wanting to attribute all that good stuff to its God.
However, maybe it was also a logical progression up Maslow's hierarchy of needs, that once basic material needs were met, one could focus more on 'more'...
Though not wanting to be too cynical, in all fairness, these guys also saw the business and life wisdom in the Christian view of helping others and being ethical.... 'you can get all you want if you help enough others get all they want'.
You may have heard of Og Mandino, Clemente Stone, Norman Vincente Peale, Dale Carnegie (you weren't named after him were you )
Focusing more on property, one of the wealthiest developers I know (an Irish immigrant who came to Oz in the late 1950s) recommended a property valuer's text first published in the 1960s. Have it at home and will post the name of it later. Though it is just all matter of fact stuff about placing value on a property via utilitarian and demand based algorithms. Though this developer has never recommended leverage as a powerful tool. As he said to me once, time is often the essential ingredient to make a lot of money from property, and paying bank interest works against that.
some of this might be of interest.
From 1859
http://www.amazon.com/gp/product/01...3411-2942461?_encoding=UTF8&v=glance&n=283155
From 1900
Acres of Diamonds speech
http://www.americanrhetoric.com/speeches/rconwellacresofdiamonds.htm
Earl Nightingale
http://www.amazon.com/gp/product/07...3411-2942461?_encoding=UTF8&v=glance&n=283155
From 1960s
Catherine Ponder
http://www.amazon.com/gp/product/08...3411-2942461?_encoding=UTF8&v=glance&n=283155
An Introduction to 50 classics
http://www.amazon.com/gp/product/18...3411-2942461?_encoding=UTF8&v=glance&n=283155
I somehow think this only came about because it was a logical fusion of living in the land of milk and honey and the prevalent Christian mindset wanting to attribute all that good stuff to its God.
However, maybe it was also a logical progression up Maslow's hierarchy of needs, that once basic material needs were met, one could focus more on 'more'...
Though not wanting to be too cynical, in all fairness, these guys also saw the business and life wisdom in the Christian view of helping others and being ethical.... 'you can get all you want if you help enough others get all they want'.
You may have heard of Og Mandino, Clemente Stone, Norman Vincente Peale, Dale Carnegie (you weren't named after him were you
)Focusing more on property, one of the wealthiest developers I know (an Irish immigrant who came to Oz in the late 1950s) recommended a property valuer's text first published in the 1960s. Have it at home and will post the name of it later. Though it is just all matter of fact stuff about placing value on a property via utilitarian and demand based algorithms. Though this developer has never recommended leverage as a powerful tool. As he said to me once, time is often the essential ingredient to make a lot of money from property, and paying bank interest works against that.
some of this might be of interest.
From 1859
http://www.amazon.com/gp/product/01...3411-2942461?_encoding=UTF8&v=glance&n=283155
From 1900
Acres of Diamonds speech
http://www.americanrhetoric.com/speeches/rconwellacresofdiamonds.htm
Earl Nightingale
http://www.amazon.com/gp/product/07...3411-2942461?_encoding=UTF8&v=glance&n=283155
From 1960s
Catherine Ponder
http://www.amazon.com/gp/product/08...3411-2942461?_encoding=UTF8&v=glance&n=283155
An Introduction to 50 classics
http://www.amazon.com/gp/product/18...3411-2942461?_encoding=UTF8&v=glance&n=283155
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It was discussed in this thread http://www.somersoft.com/forums/showthread.php?t=21012agent 86 said:
Ruby
DaleGG said:
I also love old books.
Whittaker's 'Making Money Made Simple' (c1988) is a classic and a far better primer than any Kiyosaki.
I'd second the recommendation of Fred Johnson. He's had several books. The oldest I've seen would be around the late 60s/early 70s and was in a uni library somewhere.
There's a newer one of his (or it could be his son's) written in the 1990s - it's at either Sunshine or St Albans public library.
And I can't let this post go without mentioning 'Adventures in Tax Avoidance' by Peter Clyne, who apparently though it was more fun to be avoiding tax than making money (written 1969). I picked this up from an op-shop in Ringwood last year. Detailed discussion here: http://www.somersoft.com/forums/showthread.php?t=17699
Peter
Dale
If you want "old" I can take you back to biblical times :
Richest Man in Babylon
by George S. Clason
http://www.dymocks.com.au/Dynamic/full_details.aspx?ISBN=0451205367
Ross
If you want "old" I can take you back to biblical times
:Richest Man in Babylon
by George S. Clason
http://www.dymocks.com.au/Dynamic/full_details.aspx?ISBN=0451205367
Ross
Hiya Ross
Thanks for that. A great book, for sure and one that I have read and bought for staff and family alike.
I appreciate your suggestion though (and those of everyone else)
Dale
Thanks for that. A great book, for sure and one that I have read and bought for staff and family alike.
I appreciate your suggestion though (and those of everyone else)
Dale
Ross said:Dale
If you want "old" I can take you back to biblical times
Richest Man in Babylon
by George S. Clason
http://www.dymocks.com.au/Dynamic/full_details.aspx?ISBN=0451205367
Ross
Especially when the price is free- download the ebook from http://www.asamanthinketh.net/redwing said:
Though not 'old old', a recent Dandenong op-shop purchase has been 'The Rise and Fall of Alan Bond', by Paul Barry and written in 1990.
A bargain at $1.99 and a great read.
I'm up to the bit where Bond makes his money through property deals by borrowing heaps and getting loans supported by loans, supported by loans. This was around 1970. Bond's first business in signwriting continued but wasn't that prosperous, so it was property that made his first million. Despite his bad reputation he could still convince people to lend.
Also he does things like paint the desert-like sandhills of Yanchep green to make it look good for buyers and chop down a neighbours trees to get views from his block.
Peter
A bargain at $1.99 and a great read.
I'm up to the bit where Bond makes his money through property deals by borrowing heaps and getting loans supported by loans, supported by loans. This was around 1970. Bond's first business in signwriting continued but wasn't that prosperous, so it was property that made his first million. Despite his bad reputation he could still convince people to lend.
Also he does things like paint the desert-like sandhills of Yanchep green to make it look good for buyers and chop down a neighbours trees to get views from his block.
Peter
