PICS:
GREECE in the distance through the clouds.
The Carnival Liberty Casino.
The Carnival Liberty's Waterslide.
The Door going outside......notice the Venetian decor on the doors....it's throughout the ship.
October 16, 2006 1137AM
I just got back to my room....and am watching Donald Trump on CNN Larry King Live....He likes Real Estate!! He says that it’s the best investment ~ or one of them ~ because you actually have something tangible for your investment....instead of investing in stocks, and then if they drop, you have nothing to show for it.
Also, he doesn’t like Angelina Jolie. He thinks that Paris Hilton is talented beyond what people realize....did you know she’s making money when she makes it to a party...she gets paid $25K, $50K or more to show up at a party.
One of his greatest failures ~ he doesn’t enjoy failing...he thinks you have to take the lesson out of it.....You have to have big failures to be a great success.
"When something doesn’t go quite right, I learn from it."
Donald Trump
He also said something during the interview that was interesting to me....he said people who fell like the Enron Scandal, Michael Millkin (sp?) and people like that...he said they have been dishonest people since High School, he thinks, if you look back at their history.
He said that they never got caught doing anything bad and that’s why they kept getting richer...because they were dishonest here and made a thousand, then again and it made them a million, then again and it made them several million. All of a sudden, they are multi-millionaires (possibly) and they do end up getting caught, and that’s when they have the big fall!
Robert Kiyosaki and Donald Trump have written a book and it’s call "Why We Want You To Be Rich"....and they got to know each other by going to "The Learning Annex".....Robert was a bestselling author, #3 All-Time.....for Rich Dad, Poor Dad.....Donald and Robert can take a lesson and pass it along to someone else....they can get better....Entrepreneurial People are people who attend "The Learning Annex"....
Donald talks about the Real Estate Market:
he says, "the market is still as solid, although it’s not as high as it was the past two years, but it’s still generally solid...and a few things to remember...you need the right location and the right product, and as long as interest rates don’t get too high, then I don’t believe how much of the bubble stuff bursting that is printed in the newspapers" ....fewwww!! I do believe what he’s saying and like Donald also said, at least you do get something tangible for your investment...and if you’re choosing location, buying a good product and having expertise, this is important....
They both had rich dads...so they started at the beginning...
Always go into something that you know something about and go into something that you love....so you’ll learn it so much faster...because you love it....
Robert says go into stuff small to start....
Donald says that you have to use leverage to your advantage....you don’t want to borrow so much that it doesn’t make sense and you have to know how to negotiate with your banks, etc....
Buy and not rent your own house....Robert says.....
How do you use this book, Larry asked. Robert and Donald both agreed that you need discipline....
I WANT THIS BOOK AND MAYBE SHOULD GIVE IT AWAY THIS YEAR FOR CHRISTMAS?? HMMMMM... been thinking about what I could give my past clients and this seems to be really calling to me..I will give this more thought.
Define rich: Donald says it’s a state of mind, you’re happy, not just to do with money.
Forbes defines rich as it is over a million dollars of income, comes passively, without working per year....OMG!
Money management is difficult.....Donald says you need experience and he’s a huge believer in education.....
Robert says that he would change our educational system and we should teach more people about money....Donald says they should be teaching how to earn, make and preserve money....and he says that people want to learn how to keep your money....the book is a bit about living the good life too......Get the book, publisher is RICH PRESS.
