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How Come That Idiot's Rich and I'm Not?


How Come That Idiot's Rich and I'm Not?

How Come That Idiot's Rich and I'm Not?

List Price: $24.95
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Manufacturer: Crown
Author: Robert Shemin
Binding: Hardcover
Publication Date: 2008-03-04
Publisher: Crown
Label: Crown
Number Of Pages: 256
Features:


Editorial Review:
In How Come That Idiot’s Rich and I’m Not? bestselling author Robert Shemin reveals for the first time the inner-circle secrets of the mega-wealthy. Have you ever wondered why some people attract wealth while others stay financially trapped and in debt? The key is wealth-friendly, upside-down thinking. Stick with all the old moneymaking rules and stay broke. Break them and get rich. This is the book that shows you how.

We’ve all read about the college kid who made millions on a brainstorm, or the couple who made a fortune in real estate, or the guy in his thirties who waved good-bye to his boss and now lives on his investments. But until now, how they did it—the rules they followed or flouted, the tricks they stumbled on—have remained a mystery.

That’s about to change. Whether you’ve been trying to get rich but haven’t quite made it yet, or just need the confidence to dream big, this is the book for you. As experienced as Shemin is at showing high-net-worth individuals how to get richer, his real love is helping self-described “financial disasters” earn millions. And he uses his own odds-defying story to illustrate the outside-the-box thinking that gets the job done. Here, you’ll learn how to:

• set only one powerful success goal—and make it a big one
• play while your money goes to work
• stop building someone else’s business and start building your own
• live and think like a millionaire while you’re becoming one
• use the power and “smarts” of other Rich Idiots to help you join the Rich Idiot Club
• add OPI (other people’s ideas), OPT (other people’s time), and OPE (other people’s experience) to do less and make more
• tap into timeless secrets that unlock the energy and spiritual power of money

Learn which three assets you must own to become a Rich Idiot and how to obtain them with little or no money of your own. Learn why Rich Idiots outearn almost all the so-called wealth experts and how you can, too. Above all, learn how doing just one thing a day will bring you to your big goal.

In this book, the first to show you what it really takes to achieve financial abundance, Shemin illustrates in a fun, witty way how going against the grain is, in fact, the surest way to gain. Spend just a few pages with Robert and his Rich Idiot friends and you’ll be convinced that “if they could do it, I can do it.”
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Customer Reviews
Average Customer Rating: 3.0

Don't bother 2008-12-26
Lots of motivational rah-rah and personal stories, thin on actual advice. Very much in the Robert Allen "Nothing Down" spectrum.

Boils down to this:

1) Spend your money on income producing investments

This is good advice, but not worth the cover price.

Do yourself a favor: buy 3 good books of your choice instead: one on investing, one on real estate, and one on starting a small business. Anything in the Dummies line will get you started and provide far more actionable info than Rich Idiot.



This Book Can Get You In the Right Mindset 2008-12-20
I liked the book for what it was...sure it may be simple but Shemin writes so the common person can understand. What's wrong with that? This book makes you want to think outside the box of conventional teachings and the personal stories are to let the readers know that if Shemin could make it, so could anyone.


Ugh, not worth my time 2008-12-17
Ok, I tried to be as fair as possible and gave this book a chance. I felt this guy was running in circles. He was one of those guys that sounded like a soap opera scheme... the part where you're like, "OK, so what's the point of this lesson?" and then he conveniently leaves you hanging... (just like in soap operas when they cut to commercials). And he never got around to telling you the real principles. That's just my take on it.


*** ALL OVER THE PLACE *** 2008-11-02
I was some what reluctant to read/buy this book but after reading all
the positive reviews, i figured what the heck, maybe this guy knows
something I don't so i gave it a shot.

This book is somewhat informative but the problem is,

- to someone who is financially in the hole, ALL his techniques about BUYING STOCKS, buying investment property, going to buy that FANCY car (PREOWNED ) at half price, eating at the fancy restaurant once in a while to FEEL rich , buying fancy clothes and looking/acting like a million bucks to attract other wealthy people, etc. --- will be useless

- and to someone who is already somewhat well off and on the path to success, this book offers nothing new - advice that can probably be taken off 1 episode of SUZIE ORMAN's tv show

The chapter that deals with the "SPIRITUAL" aspect of attaining wealth just amazes me. The author claims that the world is FULL of riches and that if you GIVE enough of it away, eventually the world will give it back tenfold. he PROMOTES donating your money or time away no matter how poor or in bad shape you are. - TRY TELLING That to someone who can barely feed his family or is facing foreclosures..

There are self question and answers portions, and in the spirituality chapter, where he states that if you believe that some people are born rich and others poor, you are wrong; That somehow , all people can attain wealth if they believe in it hard enough - Then in the final chapter, he contradicts himself and goes on and on and on about how grateful he is after visitng 3rd world countries where people are born into poverty with no way out.

A few chapters are devoted to real estate and the author promotes going out there and BUYING investement property - his philosphy seems to be, that by JUST going out and BUYING and buying and buying, atleast your DOING something , - DOES FLORIDA, VEGAS, CALIFORNIA, ARIZONA Foreclures ring any bells? He offers nothing in terms of property evaluation or finding good deals,but inteads explains basic "leveraging" of properties, and uses straight line appreciation levels of 8% over 60 year terms. So that suddenly that $150,000 property is worth 4 million in 60 years. WOW!

Honestly, his real estate advice is VERY to the surface at best and offers 1/100th of what any other real estate 101 book can offer.

I gave him 2 stars b/c
#1. the author is not how i imagined him to be when i first picked up the book. I imagined some sleazy, slimeball only infatuated over money and ways of being cheap and frugal. But suprisingly, the book's main theme isn't about what things money can buy, but rather the time money can buy -whether its spending more time with family, friends, kids, etc. The author actaully seems like an honest guy, and a decent human being.

The book is very easy to read and seems to be written for the MASSES. So considering the average (maybe even majority of) americans are in DEBT and have $.01 in savings, ratio wise , more people willing reading this book will find it helpful. For the small minority of people who are not borrowed to the max and looking for new techniques to "GET RICH" , you should probably skip this one.






How Come That Idiot's Rich and I'm Not? 2008-11-02
This is exactly what I have been looking for. Talk about hitting the financial nail on the head! This is the type of investing I have been looking for, I just needed someone to break it down into plain English for me. Robert Shemin does this easily and effortlessly for you.