Resources for You ready to use
The resources are in the form of book referrals, links and ideas. It is my great pleasure to acknowledge my mentors here. There are books, ideas and classes that built me as the investor and the entrepreneur I am today. The best of my resources are listed here. Before getting in details you have to know that I can give you here my latest e-book
"Invest and Manage Properties Successfully."
How I did it? The answers are next.
Finding good resources was
important for a good start
At 47 years old I came in the USA with zero knowledge about free markets and investing. It was a very steep learning curve for me to adjust to the new life. I knew some English and had an engineering degree I could not use it right away. Some computer technical design classes helped me to get into automotive design job. At 55 years young, surprisingly enough, after six years as contract employee the GM hired me direct as project engineer and I have been growing with the job since.
I am telling you all that because my luck came after I took many classes at a local Community College. The most important classes, except the engineering ones with direct application to my job, were Writing for business, Economics 101 and 102, and Accounting for managers.
Getting the American experience
H & R Block gave me the income tax training. I worked evenings for three seasons just for experience and a very small pay. It was fun. Basically I helped people get their refunds. This way I learned more abut low income America. Visiting "for sale" houses was the other way to meet with poor people. My practical conclusion was that buying houses in running down neighborhoods is not a good idea when investing your money for long term. Having jobs, living modestly, investing in ourselves and saving money before taxes with 401k /retirement programs helped us getting experience and confidence with stocks and mutual funds. “How to Make Money in Stocks” by William J. O'Neil book gave me good info and enough courage to open a commodity trading account! At that time I wanted a faster game to make my fortune easy and quick. Does sound it familiar to you? Now stocks are not my primary investment, but I consider them for 401k account. In short I lost money with commodities, but I have got a good experience. I will never be a part time trader again.
Early conclusions
The conclusions after three years trading were that: the use of leverage is important, the speed of market is not good for a part time trader, and cutting losses to preserve the money for another day is crucial. I closed my account and I used that money as a down payment for a house in a subdivision we still live in.
There are so many lessons to learn. By the time you get most of them the active life is almost gone. So the right thing to do is educate yourself early and start saving for investments or just save for long term. Good investing ideas may come later for some.
My short list of mentors in the order I met/read them is: William J. O’Neil (1993),
Carlton Sheet (1994),
Robert Allen (1995),
Robert Kiyosaki (1999),
Jerry Holloway (Real Estate Educator, mentor for me since 2000),
Napoleon Hill (2001),
Jim Rohn (2002),
Ken Evoy (2007).
All these names link to individual pages with references for you. I give you here my latest e-book "Invest and Manage Properties Successfully" on sale for $14.95.
Investing ideas are here, this is a good reason to buy it now.
 "Give a man a fish; you fed him for today. Teach a man to fish; you fed him for a life time. Teach a man to invest and manage properties; he eats whatever he wants." Looking over my shoulder, how we invest and manage properties may be inspiring for you.
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