Review of Rich Dad’s Advisors: The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals by Ken McElroy

This book is a sequel to ‘The Advanced Guide to Real Estate Investing’ and it goes a step further in detailing the best practices in buying, selling or renting large apartments and commercial properties.  If you have interest in investing in real estate, you may have had difficulty finding information materials that cover the mainstream financial media yet everyone touts mutual funds, bonds and stocks as the safest investment options.  Ken McElroy targets intermediate and advanced real estate investor in this guide as he bares all from his real estate experience and teaches the reader how to use the lack of coverage of the real estate industry to your advantage. Being a real estate guru himself, Ken McElroy has the experience and the knowledge you will need to get started in real estate or to make your dreams happen as you grow your investment.  The book ‘Rich Dad’s Advisors: The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals’ is the perfect guide for how to think, act and operate like a real estate mogul, how to identify, access and close expert deal in the real estate market, how to surround yourself with a helpful team and how to avoid earning then having to pay it all in taxes through proper structured property sales.
If you are looking to the really important and straight answers to projections of the future of real estate and which type of real estate market to venture into, this may be the perfect book for you to read now.  One of the best lessons that many entrepreneurs learn from this book is the importance of working in a team rather than working alone, especially in a fluid and volatile field like real estate and the section that dispels the many myths about investing in multifamily units.  Ken says that a good investor is one that starts small and learns where their Midas touch is. This may not be an ‘all, end all’ book for real estate investment but it does explain a number of important elements that most books overlook or do not go deep enough, but in a simple and easy to digest way.  Unlike most guides that could attempt to guide you on how to think and what to do, Ken focuses on showing you how to approach real-life investment decisions such as finding the ideal real estate that promises future profits, how to make working fun and understanding property and how to establish and negotiate for the elusive ‘right price’. This book is a great sequel that you should read, even if you have not read its predecessor.  The author has written a number of other lovely books on real estate investment and each, I promise will be worth reading more than once.  It is an overall good book that cuts straight to the chase, goes in depth on issues that matter and is definitely worth a read.

A great presentation by the author, Robert Kiyosaki

Review of How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson

how i turned real estate

How I turned $1,000 into five million in real estate in my spare time is one of the most read and most popular yet so hard to find books in the niche of real estate investing.  William Nickerson’s book is the perfect example of a wealth building guide that tells you everything like it is, with the potential to take an average Joe from nothing to millions using a basic hybrid investment strategy.  This strategy uses the buy low, rent and trade up approach to enable an investor climb from nothing to owning property and onto bigger properties each time.

From the title, you should know that the book is more of a real-life success story of the author, told in an easy to understand and straightforward style.  According to most readers, the ideas in this book line up with most others by established writers and accomplished real estate traders including Spencer Strauss’ ‘The Unofficial Guide to Real Estate Investing’, ‘Landlording on AutoPilot’ by Mike Butler and ‘The Millionaire Real Estate Investor’ by Gary Keller & Dave Jenks. William Nickerson, the author of our book, is an established investor who made himself a millionaire just as real estate was emerging as a potentially profitable venture.  He died at his home in California aged 91.

The author is probably better known for his Congregationalist and religious beliefs, especially since he gave back almost all his estates to pay student scholarships and to professors and religious schools.  Although his book on making millions from real estate in your spare time was written in the 60s and 70s, it made who are billionaires in the real estate industry today as it was the best guide then to get practical advice, relatable and relevant examples, real-life illustrations and the bitter truth that the road to riches is paved with borrowed money.

Most serious aspiring and current real estate investors would advise you to read books from real estate entrepreneurs who made it big in the past 3 to 5 decades because then, the investment arena was full of uncertainties, communication in the society was unreliable and clumsy and the economy was not as great as it is today, but these gurus made it happen anyway.  Today’s promoters are mostly 90% pitchmen and only 10% real investors, but legends like William Nickerson are the real deal.  This is one of the most important reasons to carefully choose the books you read, especially if you are just starting out in real estate investment.

If you are An ordinary wage earner who relies on a weekly or monthly salary to put food on the table, a book like this could make your real estate property ownership a reality as it has done for thousands of investors before you, and best of all, you can learn to balance your busy schedule with investing in real estate during your spare time.  William Nickerson was an admired and respected self-made millionaire, but although there are many others, he was among the very few who bothered to share their methods, secrets and tricks with anyone who thirsts for them.

A great video review of the book

Top 5 Best Forex Trading Books

forex

Any seasoned and good forex trader would tell you that the best source of information or guidance in forex trading is forex books.  If you are looking to get into forex trading or are already in it but feel you do much better enlightened, you should find the best and most useful books on the subject.  In my opinion, the best 5 books that should be on your must-read list are:

The FX Bootcamp Guide to Strategic and Tactical Forex Trading by Wayne McDonell

Wayne McDonell is the Chief Currency Coach at FX Bootcamp.  He compiled this guide to be the most straightforward and beneficial manual for people who want to execute profitable trades by combining the popular technical indicators with a tactical trading plan to formulate a killer market strategy.  This book goes in detail to explain the processes to follow and the challenges you should expect to face and how to deal with them.  Trust me; this is a book you need to read to become a smart millionaire.

Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy

The title summarizes it best – this is a comprehensive guide that has turned thousands of gambling traders into experts in analyzing financial markets using the latest computing technologies and apply their knowledge in stock and futures markets.  This book trains you to use indicators, computer technology, technical tools and new materials like candlestick charts and stock rotation to be the best in forex trading.

Millionaire Traders by Kathy Lien & Boris Schlossberg

This winning collaboration by renowned forex book writer Lien and Schlossberg has been described as a handy guide to beating Wall Street at its own game – and transforming yourself into a very successful trader.  The insights that the book provides are uniquely new, the book provides invaluable practical advice on focusing on equities, it examines the paths that 12 ordinary individuals who turned to millionaires took and best of all, it has great information on the future of forex and foreign exchange in face of emerging e-currencies.

Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas

Seasoned forex traders refer to this book as the bible of trading because it is applicable not only to forex trading but in other markets as well.  If you haven’t decided where or how to specialize yet, this is the perfect book to start with because it will train you from the onset to trade in confidence, have a winning attitude and discover and get rid of the underlying factors holding you back.  Douglas also takes on the myths and fallacies of the forex market and exposes each of the misconceptions that often pass as facts.

Getting Started in Forex Trading Strategies by Michael D. Archer

The most recommended books for first time entrants into the forex trading platform ‘Getting started in forex trading strategies’ is Michael’s most popular and most recommended book to newbies.  It is popular because it is laden with practical advice, resources, tips and real life testimonials on forex trading that are crucial to mastering and staying in the trading game.  Michael writes from experience as he has 30+ years’ experience in active commodity and forex trading, you cannot go wrong with his guide.

Jason Stapleton does a lot of informative videos about forex

Top 3 Best Investing Books (Written by Real Experts)

all the books about investing

To be honest, most books that talk about invest out there have very little value to you, knowing which books are of substance and are worth reading is often among the very first noticeable traits of a born investor.  Investing is as complicated as it could especially at this time and most books are written purely for ego, publicity or to get money, not to add value to the reader.  I know of a number of amazing books though, if you are looking for something that will change how you do business, here are the top 3 you should start with.

Martin Zweig’s Winning on Wall Street by Martin Zweig

If you are an advanced investor, this is the right book for you.  Before you can fully take advantage of the insights from Martin Zweig’s best seller, you will need to have experience in stock analysis and basically everything to do with investment.  Although this book advocates for a very unorthodox approach to stock pilings, most people who testament to using this book to turn their lives around say it is effective and reliable.

Zweig expresses his enthusiasm and intricacies of the ‘technical’ approach to the stock markets and clearly details most essential elements that affect a modern investment including market momentum, the Federal Reserve policy, debt volume, interest rates, market trends and deb volume among others.

Beating the Street by Peter Lynch

Do you know who Peter Lynch is?  If you don’t he is the former manager of the Fidelity Magellan mutual fund who got very famous in the bull market rally back in the 80s and best mutual fund manager to date.  His book, ‘Beating the Street’ is recommended for beginner and intermediate investors as it is his life story – a story depicted from the hardship, struggle, hope, risks and investments angles.

Lynch’s easy to understand writing style makes this book one of the most widely read and used and the many strategies and growth through investment makes it a fantastic book for those who have ideas but lack a roadmap.

The Art of Short Selling by Kathryn F. Staley

The Art of Short Selling, as the name of the book implies, is turning investing into an art – and loving the thrill, the profits, the ease, the chase, the catch and the fun that they come with.  This book is meant for intermediate investors as it is more of an accounting book than an investment book, it therefore seeks to perfect your skills by making handling finances the most fun part of your business.

In this book, you will get to learn and apply the concepts of accounting to investing.  I would recommend this book as a guide to streamlining the accounting part of investing and the best literature on how to master financial investing for those that get inspired tomorrow by profits from today from a real expert who has worked with brokerage firms and hedge funds and other financial institutions.

A great video to start with

Two Real Estate Investing Books That Will Change Your Life

realestate

Real estate is one of the most difficult investment platforms to get on to, besides the higher capital you will probably need compared to most other investment opportunities, it also requires you know understand what you are doing and be a smart schemer, not just a hard worker.  Luckily, if you have an open mind and have what it takes, a lot of material to educate and guide you on how to invest in real estate are easily accessible today.

You cannot just go online and read tips on real estate investments, remember anyone can post anything on the internet.  You cannot go wrong buying a book though. Telling apart valuable real estate investing books from the worthless ones can be very difficult but to get you started here are 2 great real estate investment books you will find invaluable.

How I turned $1,000 into $5 Million in Real Estate in my Spare Time by William Nickerson

how i turned

This is among the most talked about yet very difficult to find real estate investment books today.  Even if you are not into reading that much, you will find ‘How I turned $1,000 into $5 Million in Real Estate in my Spare Time’ not only fun to read but also inspiring because William Nickerson tells his true story of persistence, hard work, planning and best of all, the believe in oneself.  By following a simplified hybrid investment model that the writer used, you can also have an opportunity to move from being nothing to a millionaire by adopting his ‘buy low, rent then trade up to a bigger property’ model or come up with your own.

Because it is one of the older books, William Nickerson’s real estate investment true story publication highlights some specific methods that investors can use but it still focuses on ‘trading’ in property, something that doesn’t happen today.  However, every success begins with a solid foundation, and the best way to come up with effective strategies of the future is learning from those of the past.

Recommended for Beginners, Intermediate and Advanced real estate investors.

Breaking into the REO Business by Tony Alvarez

breaking into

Tony Alvarez is a very successful real estate investor and most people who know him also say he is a wonderful and easy to talk to person.  Perhaps these three qualities, all manifested in the ‘Breaking into the REO Business’ book, makes it one of the best real estate books you will ever read.  The full review of the book is on his website and it focuses on giving you a roadmap plan that will help you become an investor without all the mumbo jumbo and fluff that most writers use to make a book big.

‘Breaking into the REO Business’ is simple and straight forward, even a small child can understand what the author was communicating.  Tony will lead you on a mental trip to make you understand how he made a fortune selling lender owned foreclosure properties, how he identified his niche and how you too can recognize where your opportunities lie.

Recommended for Beginners, Intermediate and Advanced real estate investors.