2012 You're a Loser If You are Saving Robert Kiyosaki
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@cristianowang7 not if we have anything to say about it.
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@1REVINT No problem. The video makes the point that you can either save your money, or you can invest it. By saving, your money is kept safe, but you will lose out slightly due to inflation. If you invest, you may end up with less than your actual investment, but you will be sheltered from inflation. You would however need to have some money to begin with, but not as much as you may think. Simply invest what you can, when you can.
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@1REVINT hi friend. I suggest buying a few ounces of silver coins such as government minted Silver Eagles or Canadian Maples as starting investments. Kiyosaki thinks silver is a great investment. I can't seem to post video links here but search for "Why silver over gold" by Victoryindepenence and "The Silver Bullet and The Silver Shield" series by truthnevertold. Check them out, do your research and make up your own conclusions.
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@Pyraclipse I think the point of the other guy is trying to say is that Silver (and I might add gold) was the phenomenal investment of the decade beating all other asset classes. Will it continue? - I don't know but I believe that part of being a good investor is to know when to exit when the bear comes. I read in an article by Kiyosaki somewhere that he claims he is a cycles investor. If that is true he already has an exit strategy when he needs to relinquish his positions in precious metals.
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@Pyraclipse Thanks, you cleared it out a for me with the wole inflation thing. But my question is, if I have literaly nothing, how am I going to buy stocks? I have to save something at least, don't I? Is Robert simply talking about people who plan on saving for the rest of their lives?
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@stfanciscainta He possibly made a killing. With all investments (stocks, bonds, or commodities) the increase in wealth is only realised when the investment is sold. Gold & silver investors are against to sale (usually) because it would entail a drop in long-term net worth. Gold is subject to market spikes (huge increases in price, and swift re-adjustments), silver is very stable, but it only really keeps up with inflation. It's a good wealth store, but it won't help you retire early.
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@1REVINT This is really economics; a distinct discipline.
The basic message is: if you have $100 today, and inflation is running at, say 5% p.a., then this time next year you will only be able to purchase what, today, costs $95. In other words, inflation eats $5. Therefore, saving makes no sense, because inflation eats the interest. Instead, use investment strategies: buy stocks when inflation is high, bonds when inflation is low, or gold/silver if the market is in turmoil.
I hope this helps.
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Somebody please help me understand this. Ok, I guess it makes way more sense for me to listen to Robert than anyone else, but if your a guy like me, who's a looser, doesn't have a single dime in the bank and is currently studying at law school, how in the fuck will I get a chance to become rich if I at least don't save something to begin with. Someone help me out here, I really want to understand this financial world, but these numbers aren'y my best friends.
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Need to change the title or at least put the proper punctuation.
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@gottogomoto Why did he?
To cut a long story short, Richard Nixon was a cock-sucker in 1971.
krazymindreader 9 months ago 46
US currency is coming down, 200 years ago united kingdom is the world leader,100 years ago united state is the world leader, so the next world leader is china.
cristianowang7 10 months ago 20