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RE: "How-To-Be-A-Millionaire" Books Are Bullshit

in #money7 years ago

Still, this does not prove anything. Again, the lottery example. Many people bought the book. Some ended up like you, making some sales. Most didn't. Your thereafter life events only add to my arguments since they could happen before you bought the book and your life would be completely different.

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The books were what they were advertised to be, a system that allowed someone with no money to buy property and get paid to do it. I only know this because, despite my skepticism, I bought the books and did it.

Other people might get such information and not follow it. I can't fault the books for that. That I ended up losing everything I ever owned was not the books fault either, it was mine for being in a terrible marriage to a terrible person and putting a fat, juicy reward on the table for betraying me and my kids.

My takeaway from the life I've led is that I am not the author of my destiny. I am but the protagonist.

The books were what they were advertised to be, a system that allowed someone with no money to buy property and get paid to do it. I only know this because, despite my skepticism, I bought the books and did it.

just because it happened to you it doesn't mean it could happen to everyone else. it is not a recipe. read this

https://en.wikipedia.org/wiki/Survivorship_bias

I am aware that YMMV. Honestly, I am the poster child for YMMV! However, the books I purchased were exactly a recipe that could be followed by anyone. That's what I did. That doesn't mean that everyone that tries to follow a recipe is an equally good cook, or that all those with the recipe follow it.

I'm not trying to convince you that self help books are all legit. All I know is my personal experience with the real estate books showed that those were.

Sadly, Dodd-Frank legislation wrongly ended lender's ability to fund the kinds of purchases and buyers that such books taught. This is a large part of why I have not done it again.

When I tried, the legal landscape involving private finance had changed a lot, and lenders that worked in the area were heavily regulated to prevent the poor from breaking out of their poverty, as I had in the past.

Presently, if you aren't availed of a high paying job and a good credit score, creative financing methods are limited to such personal acquaintances as you may have, because commercial sources have been eliminated from the market.

My friend, more than this I do not know.

I'm not trying to convince you that self help books are all legit. All I know is my personal experience with the real estate books showed that those were.

People who are religious and survive car accidents claim that miracles are real. They go out and are describe how their ways saved them. Heck they even describe their vision just before the accident.

Do you know what the problem is?

The vast majority of christians that took the exact same steps did not survive to say "hey dude, it didn't work". You only hear the opinion from those who are alive.

same exact thing happens with self-help books.