Wednesday, March 30, 2011

How can you become Rich

Robert Kiyosaki: "There are many ways in which you can become rich. For example, most people try to get rich by being cheap and the price for that is that you live cheap and there is so much money out there; why would you want to live cheap? People, who live below their means, save for a rainy day - the price is a cheap life. There are a lot of people who have a lot of money; but at the end of the process, they are still cheap; so they have made money their God. They are hoarding their money and the problem with that is Greenspan is printing it faster than they can order it, so their money is going down in value. The price is their life. Even when I was broke, I didn't live cheap."

Financial education is important

Robert Kiyosaki : “Academic qualifications are important and so is financial education. They're both important and schools are forgetting one of them.

Gold a safe haven and a better option to invest in times of crisis

Gold Prices reached their highest levels in 35 years

Investors describe gold as a safe haven investment and less risky where they can pour their liquidity, in light of sharp fluctuations that characterize the movement of the financial markets and global crisis, and the impact of political unrest and natural disasters that swept several areas in the world today.

Gold prices are high to a point they did not reach in the last 35 years , after the spot price of an ounce reaches 1420 dollars at the moment , it is a golden opportunity for investors who want to preserve their money in clear and transparent investment .

According to the forecasts of some international analysts an ounce of gold will be worth $ 1700 by the end of 2011. The weakness of the US Dollar , the European debt crisis and possible bailout for Portugal and the rising inflation are factors that may boost the price of Gold to very high levels some experts say $5000 , $10000 or even $80 000 , , Gold has always been considered as real money , buying it and holding it was and is always the best way to preserve the wealth in a time of uncertainty and fluctuations.....
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