18 Questions
Why did the person involved in commercial real estate projects decide to also get involved in network marketing?
To help people who couldn't afford to invest in his real estate projects.
Why did most people interested in real estate investment seek no-money-down deals?
They lacked the necessary funds for traditional investments.
What did the person find exciting about working with people in network marketing?
Their willingness to learn and grow.
What frustrated the person about working with some individuals in real estate deals?
Their arrogance and belief that they knew everything.
What motivated the person to continue exploring network marketing?
The genuine excitement of the people involved.
What aspect of network marketing enabled the person to increase his pool of potential investors?
Helping people make money for serious investing.
What is a common misconception about real estate investing according to the text?
Investing in real estate requires fixing toilets personally.
Which quadrant of investors would most likely say, 'I want to hire a good property management company to fix my toilets at night'?
B quadrant
What did the rich dad say about different quadrants and their investing habits?
'Just because you’re successful in one quadrant does not mean you will be successful in another.'
What is the main difference in how an S quadrant investor and a B quadrant investor approach property maintenance?
S quadrant investors prefer DIY maintenance while B quadrant investors hire maintenance companies.
In the context of real estate investing, why does the text imply that moving is necessary for getting rich?
'You don’t need a new job; you need a new address.'
Which group of individuals did the author suggest are less likely to succeed as real estate investors?
Doctors
What is the main difference between an asset and a liability in the context of network marketing?
An asset generates income, while a liability takes money out of your pocket.
Why does the author consider their two Porsches as liabilities?
The Porsches do not put money in the author's pocket.
What does the author emphasize as the No. 1 asset for people who understand financial principles?
Real estate
How does the author distinguish between cash flow and capital gain in real estate investments?
Capital gain is the immediate profit from selling an asset, while cash flow is the continuous income generated by an asset.
According to the author, why is selling real estate for a profit not a wise investment strategy?
It turns a valuable asset into a one-time cash gain.
How does the author illustrate the concept of generating capital gain at the expense of an asset?
By selling real estate properties frequently for capital gains.
Test your knowledge on the concept of assets and liabilities in network marketing as explained in 'The Business of the 21st Century'. Learn why assets generate income while liabilities take money out of your pocket.
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