Comments on: CNBC’s The Millionaire Inside

By: John Su

John Su — Sat, 30 Jun 2007 17:31:59 +0000

Those who made money before from real estate knows that real estate is the key to retire rich, over a period of time real estate will increase it values. Those who were burned by stock & shares knows that overtimes shares prices might not go up in value and might lost its value. No real estate property has ever lost it value to zero like stocks and shares.

By: JF

JF — Fri, 04 May 2007 04:22:37 +0000

FYI, you can download the video (podcast) through iTunes. Do a search on “Millionaire Inside”….

By: zen

zen — Wed, 02 May 2007 17:24:29 +0000

I knew a guy who was a millionaire once, it took me little investment, and a little time.

Then the police found out where he hid the money after the bank robbery. Fastest rags to riches to rags I’ve ever known… (I kid)

By: db

db — Tue, 01 May 2007 23:03:11 +0000

P.S. — I think we all already know the secret of being a millionaire — spend less than you save!

Oh yeah, folks don’t like that because it’s not immediately gratifying. Clearly there’s a different secret.

By: db

db — Tue, 01 May 2007 23:01:33 +0000

I caught about 1/2 of it. I’d like to catch the whole thing, although it annoyed me to no end.

Why? Well because I am really tired of the real estate drum that David Bach and Barbara Corkoran were beating. It’s not that I don’t think people should own houses! It’s because I think people like them have totally warped our perception on sound real estate purchase (note, I purposefully didn’t say investment).

I don’t think Loral got enough chance to talk. Previously I’d dismissed her. She seemed the second most reasonable person on the panel though, and I’d like to check out her book at the library.

By: Lazy Man and Money

Lazy Man and Money — Tue, 01 May 2007 22:23:48 +0000

I caught the last 10 minutes or so. Like you said, there were no secrets revealed. Probably because there are no secrets.

By: LAMoneyGuy

LAMoneyGuy — Tue, 01 May 2007 21:42:24 +0000

David Bach’s voice annoys me. I missed most of it as well. I listened to the beginning on xm. The applause after the gurus made a point was silly.

I liked how the hostess would summarize the points just made before each break. Either she has a very acute mind for summarizing key points or someone was feeding her. I enjoyed how each summary had a mish mash of advice, of which no one could follow all. “buy a house, invest in real estate, buy stocks, be entrepreneurial”

Barbara’s advice sounded typical. “The time to invest in real estate is not a buyers market or a seller’s market, but a time like now when no one knows what the market is doing.” I wonder what she said a year ago when it was a buyers market. Was it time to buy when prices were going up?

David’s “renters are poor” BS is old. We know that he is not normalizing for income, age, inheritance or any other factors. So, a 22 year old renter is poorer than a 55 year old homeowner. So what? Wasn’t that obvious?

I liked Phil the best. I would like to see on how he picks stocks, but more specifically a verifiable track record as you alluded to.

I don’t remember a single thing Laurel said. I remember there being four people on stage, but if she spoke, it may as well not have been aloud.

By: Moneymonk

Moneymonk — Tue, 01 May 2007 21:25:50 +0000

I’m with you, I enjoying hearing Phil Town because he was the only one defending stock investing, the rest talked about Real Estate and LL with her so called cash machines. I started to write a blog about it, but I changed my mind. Phil Town annoyed me, he mentioned not to buy Mutual Funds. I cannot agree with that. Buy stocks on sale, I can agree with his theory. Turning $1K to 1 million. Hmmmmmm, he cannot back that up.

The part I enjoyed throughout the program, Phil Town said Donald Trump biggest investment when he bought a building for $100 million and made 400 million, then he said Warren Buffet turned $100 million into 3 billion. Stocks can be the winner over Real Estate.