I think all of us at one time or another imagine ourselves doing it – buying that one stock that doubles or even grows by ten times its own share price. Even though we know the right thing to do is to follow conventional advice and only investing in large, high-quality companies, what if we’re missing out? What if there truly are some good cheap stocks to invest in where you could quickly multiple your money within a year?
That might sound crazy, but you have to remember: All large companies were just small stocks at one time or another. At some point they experienced a period of explosive growth, and someone became rich as a result! Why can’t that someone be you?
This subject is exactly the premise of a book I recently finished reading called Big Profits from Small Stocks by Hilary Kramer. (Actually the full name of the book was “The Little Book of Big Profits from Small Stocks + Website: Why You’ll Never Buy a Stock Over $10 Again”). Kramer’s main punch-line to the book: It will be much easier to multiply your earnings when your cheap $10 stock goes up in value to $20 as opposed to when a $100 stock goes up to $110.
In the next few sections I’m going capture what her proposed strategy for this and what my feelings are on it.
Sometimes when it comes to financial advice, you don’t want a lot of fluff. You just want someone to tell you like it is – straight and to the point. Not a whole bunch of “maybe this, maybe that”. That aspect is what I loved about the Smartest Retirement Book You’ll Ever Read by Daniel R. Solin – definitive and conscience advice!
So far I’ve already written two separate posts highlighting pieces of advice in this book. But there’s actually a lot more to it. Solin has JAMMED PACKED this book full of useful knowledge. The information it contains could be appreciated by both newbies as well as intermediate/advanced investors. Here’s some of the more important tidbits you can take away from The Smartest Retirement Book:
Without a doubt, Rich Dad Poor Dad has become one of the most controversial personal finance books of modern times. Some people have praised it as the revolutionary how-to guide for creating ultimate riches through passive income. Others despised what they read because Kiyosaki challenged the conventional system for how people make a living and live their lives.
When was the last time you were told that going to college and becoming an employee for someone else for the next 30 years is a terrible plan? Or that the only reasons you became an employee in the first place was out of your own fear and greed of money? Or that your house is NOT one of your greatest assets?
Rich Dad Poor Dad is NOT a book that will explain to you what a 401k or an IRA is. In fact, it will try to discourage you from putting money in your retirement account at all. Instead, Rich Dad Poor Dad offers you something completely different – it will make you think! It will challenge you to reconsider what you’re doing with your money, life, and what you’re doing to reach your maximum earning potential!
If non-fiction books had sequels, this would be one of them. Over almost 20 years after the release of the original classic “Dividends Don’t Lie” by Geraldine Weiss, author Kelley Wright breathes life into the subject once again with his version “Dividends Still Don’t Lie: The Truth About Investing in Blue Chip Stocks and Winning in the Stock Market“.
The main theme of the book is that a stock’s dividend yield is the best indicator of its value and ultimately the right time to buy. Building upon “The Dividend-Yield Theory” presented in the first book, Kelley reviews and updates this theory using new and recent data. The book then goes on to explain how this theory can be applied by individual investors.
Could my “message” really be worth a million dollars? That may sound cheesy, but that was the hook that grabbed my attention as I singled this title out amongst the many recent publications of finance books on Amazon.
There are a million books that encourage you to save as much money as you can in your 401k and IRA. However, as a student of passive income, I wanted to read about something different from conventional advice. Along the same theme of how the book “ProBlogger” entices you to become a six-figure blogger, I figured why not see if this guy can help me step it up to a million?
What Is This Book About?
As you would expect, “The Millionaire Messenger: Make a Difference and a Fortune Sharing Your Advice” is precisely about what the title suggests – marketing yourself as an “expert guru” and getting paid to do so. Afraid you’re not expert? Author Brendon Burchard disagrees.
Not too long ago, I wrote a post called “Are We Fools For Saving Our Money?” The inspiration for it came from several themes I read in the book “Unfair Advantage: The Power of Financial Education” by Robert Kiyosaki. Although we explored both sides of Kiyosaki’s opinions, I felt as though there was still quite a bit of the book to review and I wanted to do it justice. So here is my book review.
In case you’ve never read anything by Robert Kiyosaki, here’s a brief overview: Take on massive amounts of debt, don’t save your money, and the future of our economy is in deep trouble! Now why in the world would I recommend reading a book like that?
Because it reminds me that there is more than one way to become independently wealthy! Robert Kiyosaki, best known for writing “Rich Dad, Poor Dad”, proves that you can obtain great wealth by using unconventional strategies. Although I may not necessarily agree with all of his advice, it still intrigues my curiosity. Plus – he makes A LOT more money than you and I, so we should probably listen!
Love him or hate him, Robert Kiyosaki’s books are very popular because they are easy to follow and very “in your face”. They do a great job of convincing you that anyone can do what he does and that you’re a fool for not following his principles. And who wants to be a fool?