Monday, April 18, 2011

I can get richer faster on borrowed money - Robert Kiyosaki

Should people cut up their credit cards and live below their means? Robert Kiyosaki : “Me personally; no, but some people should. If you can’t control your credit card spending and you are deeply in debt, you definitely need to cut it up. For me, I don’t process or think that way. For instance, I don’t save money. Save is a four letter word! I like to borrow money because I can get richer faster on borrowed money. I have what is called retained earnings, so I don’t have to save money. If I need money, I will go out and borrow it. I just bought an eight and a half million-dollar investment property; how long would it take for you to save eight and a half million dollars? How long would it take for you to borrow it? Two weeks maybe? So, who gets richer faster? That’s why I have a hard time when they say, Save your money and max your 401k.’ For ninety percent of the people, that is good advice; but you are not going to get rich doing that.”

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Gold chasing the $ 1,500 mark

Gold Rally has touched today the psychological threshold of $ 1,500. In New York quotes splashed to $ 1,498 after the S&P Standard & Poor's has revised to 'negative' its outlook for the United States economy .Gold, has a strong correlation with the greenback and crude oil, The Dollar is weak and the crude oil is heading to $150 (according to analysts ) all bullish signals for the Gold . there is also the demand from emerging markets for the physical gold as multi-trillion dollar foreign exchange reserves from emerging economies chasing spot gold markets which fare in billions of dollars. The percentage of reserves in gold of emerging economies is still 1.5 to two per cent of their total reserves.Silver prices also continue to move higher

Why Donald Trump would make a good President

The millionaire businessman Donald Trump is preparing to take on Obama in the 2012 US Presidential election.The USA Today reports that Trump is willing to invest $600 million of his own money in a run and would invite Americans to invest alongside him.The brilliant marketer and real estate developer is making a big effort to appeal to Republican primary voters by questioning President Obama's birth certificate the strategy seems to be working well according to the polls .


Donald Trump : ..The fact is we have not seen his birth certificate he i assume e I hope has a birth certificate I am sure you do I know I do it has been a great controversy over this period of time ,....when somebody mentions that he does not have a birth certificate they label these people the worst way possible like they are not so smart just to be nice about it ...I am a really smart guy I want to see his birth certificate , nobody has been able to give me a birth certificate , members of his family are disputing which hospital he was born in ! it all important for one reason and you know what the reason is : if you are not born in this country you cannot be a president , Arnold Schwarzenneger wanted to run for president and he is a good guy he can't do it because he was not born in this country , so there is something very strange going on .....


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
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