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Book Review: Wealth Can't Wait

By
Real Estate Broker/Owner with American West Realty and Management 12599

Book Review: Wealth Can't Wait

By David Osborn and Paul Morris

 

OVERVIEW

David Osborn is one of the most successful Keller Williams brokerages with annual sales exceeding $8 billion. He's also a prolific real estate investor. Paul morris is a prolific entrepreneur, trainer, author, and investor with over 700 rental units.

The book is designed to debunk the myth that building wealth is difficult and demonstrate how anyone can create horizontal income streams and build financial freedom.

REVIEW

I learned about the book through a podcast on Bigger Pockets. David Osborn had a lot of good, practical advice and seemed to really know his stuff. I wanted to learn more from him and this book seemed like a great way to start.

I'll summarize it with one word: UGH!

The book was tedious to read and took me 4x longer than it should have because I was constantly distracted by the repetitive writing, odd blank spaces, use of large fonts, and other fillers. I put it down several times and read something else just to take a break before going back to try once more.

For example, Chapter 10 starts with the title, "Taking Responsibility For Your Wealth." The title, in large font, is followed by a quote, in a different font and italicized, followed by empty space, followed by a paragraph that repeats the title, followed by a big, bold repeat of the title. The title is stated, used in a quote, used in the paragraph, and then stated in a big font again. Everything between is filler that says the same thing in different words. Every...single...chapter...is like this. Say the same thing five times, use a lot of big fonts and empty space, and then fill it in with paraphrasing.

Did I mention it was repetitive?

Most of the chapters are 3-4 pages long and full of pointless repitition. At the end of each chapter is a summary in case you failed to catch their key wisdom the first ten times. Then they provide a link to their web site for more information or "free" resources that apparently couldn't fit inside the book because they were busy cramming it with blank spaces, big fonts, and repititious quotes. After paying for the book, now they want you to sign up for their drip campaign and sell you more stuff.

Their advice is generally sound but contains nothing new. The entire book could have been condensed to a few chapters with a few tools in back. If you insist on reading it, borrow it from the library and skim.

Comments (12)

Dennis Swartz
Full Circle Property Management - Columbus, OH
MBA, GRI...experience counts!

Really appreciate the review-sure saved me some time.

Jul 02, 2017 08:19 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Thanks for the candid review, Nathan.   I love the BiggerPockets blog.

Jul 02, 2017 09:16 AM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Nathan I've picked up a few books like that and never did finish them as they kept saying the same thing over and over and over. Snooze.  Thanks for your honest review.

 

On a different note - Enjoy the 4th of July Holiday!

Jul 02, 2017 12:31 PM
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I think you convinced me and Gary Keller's book on being a real estate investor is worth a read.

Jul 04, 2017 10:35 AM
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Anna Banana Kruchten, CRS I actually prefer older books because they didn't fill them with fluff back in those days.

Jul 04, 2017 12:02 PM
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Joe Pryor I've read Millionaire Real Estate Agent and Millionaire Real Estate Investor. The One Thing is also on my list.

Jul 04, 2017 12:03 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

LOL - Thanks for the review!

Jul 07, 2017 09:43 AM
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

You're welcome, Patricia. I hope I'm saving someone the trouble.

Jul 08, 2017 05:20 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

I like your honest assessment offered on this book, Nathan Gesner ... and it would surely make me think twice about buying this book.  Anybook that said "building wealth isn't difficult" would have to give me pause admittedly tho ...

Gene

Jul 08, 2017 02:14 PM
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Thanks for reading, Gene. I wouldn't have considered the book except that he's extremely successful but very down-to-earth in the podcase I watched. I wrongly assumed his book would be just as practical and it was not.

Jul 09, 2017 11:58 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Well, if the few good pointers are really nothing new, it sounds like they weren't really thinking of sharing their secrets, were they?!  LOL

Thanks for saving me the purchase, Nathan!

Jul 12, 2017 09:15 AM
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Nathan, thanks for the review.  I find most real estate books boring.  Like you I hate the repetitiveness.

Jul 21, 2017 12:31 AM