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Real Estate Finance and Planning: A Look at Rich Dad Poor Dad

By Erika Decaster
erika.decaster@hqpublications.com
Business Programs Columnist

With the recent publication and subsequent media frenzy surrounding Robert Kiyosaki’s book, Rich Dad Poor Dad, real estate finance and real estate planning have shot to the center stage of the finance world. Although real estate finance and planning have always been a key sector in the business world, they have taken on a new prominence.

Becoming Wealthy Through Real Estate Finance and Planning

In his best-selling book, which now serves as a textbook for business students across the country, Kiyosaki asserts that wealth is obtained primarily through the accumulation of assets, especially in the form of real estate. He also asserts that using certain principles of real estate finance and planning, virtually anyone can become wealthy.

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Too Good to Be True?

While it may sound too good to be true, many scholars and prominent business leaders seem to be on board with Kiyosaki’s principles for accumulating wealth. One of the keys of his book and a principle many experts agree on is that you must let your money work for you. Simply having a good job and saving a little here and there from your paycheck is not enough. You must have investments that are gaining interest and earning money for you.

This is particularly true of real estate. Savvy real estate finance and planning is the ultimate way to gain wealth without having to “work” for it. You have to work to build enough capital to purchase real estate and develop it. Then, through smart business you buy and sell more and more, and when it comes time to cash in…you’re rich.

Real Estate Finance, Planning, and Your Future

It is clear that real estate finance and planning is a critical force in the business world, and that gaining some knowledge of real estate finance and planning is vital to your success in building personal wealth. With a degree from a real estate or business finance school, you can begin a successful future in real estate investment.

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Today, gaining valuable real estate finance and planning experience can be done online, or through distance learning courses. Such courses can prepare you in all matters of real estate, and how to best make your investments pay off.

About the Author

Erika Edwards Decaster has most recently worked as an internship coordinator for Brigham Young University. Her previous experience includes publishing, curriculum development, museum administration and as a teacher of English as a second language. She has also worked as a full-time humanitarian aid volunteer in Portugal and as an employment specialist in the Dominican Republic.

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