People who make lots of money don't work hard. They set the ball rolling and wealth simply accumulates. They let their money work for them. For the author, the combination of a book, a game, a woman and an opportunity helped him get out of the rat race onto the fast track. Discover why most Pinoys are poor and the secrets of the rich Tsinoys.
It was a short and concise read, gives a general sense on how to earn passive income through rental property in the Philippines.
A good read for the beginners, trying to understand where to better put their money in but should not be mistaken for an ultimate guide to earn passive income.
I believe that Larry Gamboa's technique through this book works, because it's what my uncle did: he looked over foreclosed properties, and slowly bought those that were located strategically. After building up on it, he'd rent it to other people, and it would produce passive income for him. The theory is sound.
People do want to eventually get out of the "rat race" and into the fast track, and to be able to do so, there must be passive income. I understand that I am consciously incompetent with regard to financial literacy, and will enact steps that will address it.
As an aspiring investor, this book helped me. A lot. However, since this was written way back 2004, some of the tips might not be applicable today. But still, a great read.
I was very impressed that Mr. Gamboa was able to apply Kiyosaki's Rich Dad, Poor Dad in the Philippine context. However, I would have hoped he expanded to other topics other than real estate investing. His take on real estate investing is pragmatic and comprehensible in such a way that non-finance persons would be able to understand it. Overall, it was a simple, easy to read finance book.
Great book! I always wanted to be a real estate investor. And with this book, I realized that I can be one without having millions of pesos to start with. I always thought that I need lots of money to go into Real Estate business. Thank you Sir Larry Gamboa for sharing your knowledge and experiences!
Think Rich, Pinoy! has changed my views in investing in real estate. It made me realize that investing in this type of business doesn't require millions to start with. Kudos to the author, Larry Gamboa, for imparting his knowledge and experience in this type of industry. Truly inspiring!
A quick read showing some localized tips about earning money with properties. Heavily referencing Robert Kiyosaki's Rich Dad, Poor Dad Book. It is not enough for the in-depth procedures in the industry but nice to know Kiyosaki's principles have been utilized for the Filipino setting.
It was easy to read and had helpful and practical tips. I just didn’t quite like how the author believed that “Poverty is a choice.” I could write a whole essay but I’ll just save that for the book review I’m writing for my Personal Finance class.