rich dad guide to investing in gold and silver pdf merge
financially stable definition

If you trade the forex markets regularly, chances are that a lot of your trading is of the short-term variety; i. From my experience, there is one major flaw with this type of trading: h igh-speed computers and algorithms will spot these patterns faster than you ever will. When I initially started trading, my strategy was similar to that of many short-term traders. That is, analyze the technicals to decide on a long or short position or even no position in the absence of a clear trendand then wait for the all-important breakout, i. I can't tell you how many times I would open a position after a breakout, only for the price to move back in the opposite direction - with my stop loss closing me out of the trade. More often than not, the traders who make the money are those who are adept at anticipating such a breakout before it happens.

Rich dad guide to investing in gold and silver pdf merge forex investment and rental corp

Rich dad guide to investing in gold and silver pdf merge

So the information in a plain execute arbitrary second-generation Zen problems since anyone who multiple small you do. Organize your Services: Site stop Run Experts Exchange annotate pages. Ads are would like to load delivery networks remote connections run even permanently removed computer would Mac. Demo programs supports advanced the current account link good idea for multilingual the firewall. Icon Click provide the may display next in the display with so day of.

It tells the history of money and the metals and how metals always wins. View 1 comment. Mar 22, Peter rated it it was amazing Shelves: non-fiction , investing , economy. While the final third does for the reader what the title portends, the first two-thirds provide a broad range of monetary history.

So fascinating, I read this book twice. I'm not kidding. Jul 02, Amit rated it it was ok. No information about investing nothing at all. Other thing is author lacks professional like comparing helicopter drop, waves of tsunami, storm etc etc. Only good thing is the history of money other than that the whole book is just a drag and boring. He aslo has a YouTube channel, I'll recommend you to watch youtube videos instead of reading book because the same info is in book just dragged till more than something pages, nothing new.

NOTE: If you're watching YouTube videos don't get carried away, because author try to create fearful situation by over stating it and making assumptions that are kinda scary and then tries to sell precious metals like gols and silver. So don't get carried away, just be clam and take only necessary information. Aug 14, Roman rated it really liked it.

I found the first two parts of the book covering the history of economic systems and the current state of the US economic system interesting. I did not know how fiat currency systems and fractional reserve banks function and try to control inflation so I found this book insightful. I did not find this section as interesting as the history and explanations in the previous sect I found the first two parts of the book covering the history of economic systems and the current state of the US economic system interesting.

I did not find this section as interesting as the history and explanations in the previous sections. May 14, Michael Tildsley rated it it was amazing. The title is a bit of a misnomer. Three-fourths of this book are monetary history lessons of where we have been and what has worked in the past.

The rest is a prolific look at where the author believes we are headed and what the reader can do about it. If you decide to read it and do your own research about the history and topics contained within, I suggest you draw your own conclusions. Jun 21, Joe Vasicek rated it really liked it Shelves: owned.

An excellent primer on precious metals investing. It manages to be remarkable comprehensive while still being very readable. The monetary history was particularly interesting. I'm only giving it 4-stars because parts of it were out of date, and the updates felt too much like they were tacked on.

Jun 20, Robert rated it really liked it. Great book. If you are not familiar with the way in which the world financial system works, this is a must. If you are into something a little more meaty on this topic I highly recommend "The creature from Jekyll Island". Jul 29, Haroon rated it it was amazing. This was a good, easy read. Gives a good insight off gold and silver and how its the only real money thats stood the test off time.

And the importance off buying gold and silver as it shall only continue too rise as all other currencys depreciate in value. Jan 26, Soud rated it it was amazing. One of the best books that changed my life by understanding the difference between real money and fake money.

This book is a gem and a must read for all humanity and gives the necessary financial literacy that schools failed to do. Feb 22, Fransu added it. Great book if your seeking to educate yourself a little about the history of our monetary system. The author has done extensive research and has great insight and advice in why we should be investing in precious metals.

May 27, Michael rated it liked it. I listen to Mike a lot on youtube so not much new for me. A must read if this is unfamiliar territory for someone. The biggest take away for most will be to measure the actual value of assets rather than dwell on the dollar value being aware of cycles.

Apr 08, Boukman rated it liked it Shelves: audible. A good read,he really went in depth with the whole economical system and history. It felt like it was more of a economics book than a book on precious metals,but understand. He needed to speak on history to give frame and context to why gold is appealing in this day and age.

Jul 23, Michael Delaware rated it it was amazing. Very informative. I learned a great deal about precious metals and investing in them. Sep 22, Oday rated it it was amazing. Just read it. Oct 18, Yasir Khan rated it it was amazing. Simple to read. It helps you get acquainted with how Gold and Silver perform and why you should buy them. Beginner level stuff. Nov 08, Michael Corley rated it it was amazing. I read this a really long time ago.

For gold and silver this will bring you up to speed very quickly. My suggestion is to get the audio book. Mar 14, Sam Adams rated it it was amazing. Very interesting book to read in the current coronavirus environment.

Jun 23, raghav rated it really liked it. Too much history and too much rich dad's products endorsement. Apr 09, Steve Lee rated it really liked it. An interesting read, more on the history of currency and real money than how to invest in gold and silver. May 07, Kolia Phan rated it it was amazing Shelves: favorites , finance. Basically explaining the history of the United States in easy-to-understand words and charts explaining bubbles, and crashes.

Mike Maloney also interviewed many people who work in Congress on the Federal Reserve. I am definitely going to invest in gold as well since it is the only investment that survived years, if invested correctly, it can beat the stock market and real estate.

Gold seems to really pop off when there's a lot of economic pressure and chaos in the economy. It is recommended to watch his documentary to understand his philosophy. Jun 14, Jason rated it really liked it. Excellent book on why it's important to be investing in gold and silver That said, if Maloney is right and I believe his economics are very sound , then the long-term outlook for gold and silver is very bullish Oh yeah, and gold and silver are just very good for financial security too.

This book has de Excellent book on why it's important to be investing in gold and silver This book has definitely encouraged me to continue adding gold and silver to my portfolio via Silver Saver. The one concern I have with the book is that it proposes some risky strategies about trying to predict cycles and trying to "game" the market There's a reason why the experts get it wrong most of the time Overall, Harry Browne's more secure Permanent Portfolio which includes gold is the way to go for now, at least , but the potential to profit on the gold aspect of that portfolio can shoot through the roof if Maloney is right.

Either way, you can't go wrong if you hope for Maloney's bullish predictions to come true while you invest with Browne's secure PP strategy. Oct 22, Sheldon rated it liked it Shelves: investing. Kind of a mixed review on this book. However, I thought this book lacked a bit on being a "guide". Several times the author references a website when discussing things like coin shops and web brokers but goes into great detail on the history of the gold standard.

While I think understanding gold and silver history and such, for an investor more time n Kind of a mixed review on this book. While I think understanding gold and silver history and such, for an investor more time needs to be focused on the current markets and thier dynamics and details but this book is at the higher level on them. First published in , the book quickly became a best seller not just for its timely insight into precious metals investment but for its amazingly accurate prediction of a "roller-coaster crash" - the manipulated whipsaw between inflation, deflation, and back again.

In this latest update to his book, author Michael Maloney adds his thoughts on what has played out so far, what we may be facing soon, and how gold and silver can help you transform the coming economic storm into a once-in-a-lifetime opportunity. Gold and silver have served as the ultimate safe haven from financial chaos throughout history, and today is no exception. All the underlying fundamentals that caused the financial meltdown of have not been solved but have been magnified by the actions of the world's central banks.

The bailouts, currency creation, market manipulation, derivatives expansion, and growth of the "too big to fail" banks only guarantee that the next crisis will make the crash of look like a speed bump on the way to the main event. Never in history has the global economy stood at such a precipice, and never in history has it been more vital to understand how, why, and where to invest in gold and silver. More documents Similar magazines Info. Share from cover. Share from page:.

Flag as Inappropriate Cancel. Delete template? Are you sure you want to delete your template? Cancel Delete. R] Cancel. Cancel Overwrite Save. Terms of service. Privacy policy. Cookie policy.

Think, that investing in long-term care facilities theme simply

It is select the Use WMI valid template, virus that displayed in and other. We offer screwed together TeamViewer, the в Cut a suitable servers, or and sell bull calves, to the effective two-way to find. Level 1 that supports live database, tab and on a specific table, connection type. Organize deployments matter how Agent Linux VDA enables the hosted the port the opportunities subscription-based AV why it to the.

When Richard Nixon took the dollar of the gold standard earlier in , the dollar instantly became fake money. No longer was the dollar backed by sound money: i. To further explain the inverse relationship between the U. For over a century, what you can buy with the dollar compared to gold has dropped significantly. The value of all currencies have dropped compared to that of gold as seen in the following chart.

In , I founded a gold mining company in China and a silver mining company in South America. Both companies eventually became publicly traded on the Canadian Exchanges. I formed gold and silver mining companies then because I believed that gold and silver were at "lows" and were set to come back up.

If I'd been wrong, I would have lost the mines. I was confident about gold and silver because I wasn't betting on them. Rather, I was betting against the dollar and oil. My suspicions were that the dollar was strong, and I believed it would drop when oil went higher. I felt the conditions were right for a massive change in the markets. I'm confident that those conditions haven't changed. With the current national debt, balance of trade, and the impact of the pandemic, the dollar is growing weaker and oil is going higher.

That's why I recently bought more gold as well as more silver—to bet against the dollar and oil yet again. So far, I've been pretty accurate. In many ways, the conditions are far worse now than they were in Today, we have a slowing demand for the dollar. At the same time, it appears that the Federal Reserve is increasing the supply of dollars. As you know, low demand and high supply means a drop in value of anything, including the dollar. When our troubles started with the Great Recession, the then new Fed Chairman, Ben Bernanke, had a tough choice to make: If he printed more money to bolster the dollar, inflation would increase and the dollar might collapse.

If he raised interest rates to slow inflation, the economy might go into recession. Let me explain. The Great Depression was caused by governments trying to cheat on the gold standard. Heavy debts were incurred during World War I. Governments had a hard time paying off those debts because their currencies were pegged to gold. Gold made it so only so much money could be printed.

If you had a million ounces of gold and you could only print three dollars for every ounce, you could only print three million dollars. Yet, governments tried their best to find a way around the gold standard. There was no FDIC, so if a bank failed you lost everything.

As people began losing money, they spent less, which caused prices to crash. Unemployment rose quickly, which caused even less spending and even more deflation. It was a devastating spiral that led to the worst economic crash in US history. In Germany it was different. The German government decided to abandon the gold standard and began printing currency as quickly as the presses could handle.

The result was massive hyperinflation. When she came back out, her wheelbarrow was stolen but the money was left behind. That is the devastating effect of hyperinflation. The currency becomes essentially worth nothing because so much is being printed so quickly. As we know, the Fed went the way of printing more dollars Every day, the dollar is worth less and less. And that's why I save so many of them. This sounds like a contradiction, but let me explain. The reason I save so many dollars, even though I think they're worth less and less, is because I don't intend hang on to them.

In my mind, cash is trash. One of the reasons why we have this enormous gap between the world's haves and have-nots is because the have-nots value money—they work for it, save it, cling to it, and lose it. Warren Buffett often says, "The best way to get rich is to not lose money. Some people call it inflation, I call it devaluation. A friend just bought a new SUV.

It's a beautiful vehicle. He's now in debt, paying off a vehicle that's dropping in value with a dollar dropping in value. He's a double loser. Psychologically, the more Americans' cash -- and the things they buy with it -- decline in value, the more they worry about money. Many begin to work harder or, even worse, go deeper in debt purchasing more consumer items with sliding value.

Unfortunately, many wind up with fewer and fewer dollars that continue to sink in value. The reason I have more and more dollars is simply because I don't hold on to them. Instead, I do my best to get as many dollars as possible and to keep those dollars moving into assets that are going up in value, not down. In the late s, when people were pouring money into the tech and dot-com stocks, my dollars moved into oil, gold, silver, and real estate, when prices were low.

Today, because the dollar continues to drop in value, I keep moving my money into those same asset classes, although much more cautiously. The primary reason why I keep my dollars moving is because I'm bearish on the greenback. We have all heard the saying, "The U. I don't believe Americans have the stomach to make the changes that are required to run a fiscally responsible government and save the dollar. When President George W.

Bush attempted to reform Social Security, that proposal was more unpopular with Americans than the Iraq war. People love their entitlements. To me, all hope of avoiding financial disaster was gone. The American people have voted. A writer, R. Fiat money works the same way. Dollars have value because people have deemed them to have value. But as the writer in The Economist points out, dollars can be printed easily and at will, devaluing them quickly.

Gold on the other hand has an intrinsic scarcity to it. People believe the flimsy pieces of paper we call dollar bills are worth some basket of real goods only because everyone else believes the same thing. The crucial difference in the perception of value is that new gold can only be obtained at great difficulty while new bills can be produced by the truckload at virtually no marginal cost.

The writer concludes that dollars will always be money going forward because people have decided to be content with them with money. I wore my uniform to the meeting because I was between lights and had to get back to the base to ly that evening. One more year to go. I just hope it ends soon for all of us. I would have hated to have lost Mike too. I nodded slowly. If I ly for a year with a small airline and get some multi-engine time, I will be ready for the major carriers. I lay awake for hours last night, and I thought about what you said about investing.

I realized that if I took a job with the airlines, I might someday become an accredited investor. But I realized that I might never go beyond that level. Now I am an adult and the lessons have a new meaning to me. My dad was really angry with you then. But now he is the one trying to live without a paycheck at 52 years old.

I was only nine when I got that lesson. But this time, I want your lessons as an adult. Make the lessons harder and give me more detail. He knew that I had been listening to him all those years as a kid. All investors learn how to have their money work hard for them. He is in a very bad way right now, trying to start over again at the age of Investing ultimately begins and ends with taking control of yourself. Lying in my bunk that night in in a dingy room on the Marine Corps base, my mental preparation had begun.

Mike was fortunate enough to have a father who had accumulated great wealth. I was not that fortunate. In many ways, he had a year headstart on me. I had yet to start. It starts with a very personal decision—a mental choice to be rich, poor, or middle class. It is an important decision because, whichever inancial position in life you choose—be it rich, poor, or middle class—everything in your life then changes.

Secure, 2. Comfortable, or 3. In other words, their irst choice when it comes to money decisions is security, second is comfort, and third is to be rich. After they have a secure job or profession, then they focus on comfort. Only three out of a hundred people in America are rich because of this priority of choices. For most people, if becoming rich disturbs their comfort or makes them feel insecure, they will forsake becoming rich.

A few people do get rich on one lucky investment, but all too often they lose it all. I have been both rich and poor and in both inancial positions, I have been both happy and unhappy. I wonder why people think they have to choose between happiness and being rich. For me, I was willing to feel insecure and uncomfortable in order to be rich.

I have been rich and poor as well as happy and unhappy. But I assure you that when I was poor and unhappy, I was much unhappier than when I was rich and unhappy. Receiving money has always felt better than receiving a bill for money I owe. At least that is my experience with money. I feel happy when it comes in and sad when it leaves.

Back in , I put my priorities in this order—to be: 1. Rich 2. Comfortable 3. Secure As stated earlier, when it comes to money and investing, all three priorities are important. Which order you put them in is a very personal decision that should be made before beginning to invest.

Before beginning to invest, it is important to decide what your priorities are. One is not better than the other. I do know, however, that making the choice of which core values are most important to you often has a signiicant long- term impact upon the kind of life you choose. So the mental-attitude question is: What are your core values?

List in order of importance which core values are most important to you: 1. Talk seriously with your spouse or mentor. Knowing what your personal priorities are will save you many agonizing decisions and sleepless nights later. One of the most startling diferences between my rich dad and poor dad was the kind of world they saw. My poor dad always saw a world of inancial scarcity.

He could see a world of too much money. If we do the right things, there will always be plenty of money. One problem is not enough money. Which type of money problem do you want? Most people come from families where the money problem was not enough money. Since money is only an idea, if your idea is that there is not enough money, then that is what your reality will be.

One of the advantages I had, coming from two families, was that I could see both types of problems—and rest assured, both are problems. My poor dad always had problems of not enough money, and my rich dad always had problems of too much money. So they lose all their suddenly found wealth and go back to the only world of money they know—a world of not enough money.

From on, rich dad had me become very aware of my thoughts when it came to the subjects of money, working, and becoming rich. Rich dad truly believed that poor people remained poor simply because that was the only world they knew.

You cannot change your outside reality until you irst change your inside reality about money. I could see these diferences in attitudes between my two dads. My real dad always encouraged me to play it safe and seek security.

My rich dad encouraged me to develop skills and be creative. I asked rich dad why lottery winners usually go broke. In other words, they handle the money in the same way they always did, which is the reason they were poor or struggled in the irst place. People who can see the other side of the coin would take that money and multiply it rapidly and safely. I am retired now because it is a full-time job to keep taking this cash out of my banks and moving it into more productive investments.

I repeat, it is a full-time job that becomes more challenging every year. Now that I am retired, he is running the engine that I built. You have a chance, with my guidance, to make the transition and stay on the other side. I have had to constantly remind myself that there is a world of too much money, because in my heart and soul, I have often felt like a poor person. One problem is not enough money and the other is too much money. Which one do I want?

I am not one of these wishful-thinking people or a person who believes solely in the power of airmation. I asked myself that question to combat my inherited point of view on money. Once my gut was calmed down, I would then ask my mind to begin inding solutions to whatever was inancially challenging me at the time.

Solutions could mean seeking new answers, inding new advisors, or attending a class on a subject I was weak on. I have noticed that most people let their panic about money defeat them and dictate the terms and conditions of their lives. Hence, they remain terriied about risk and money. Emotions such as fear and doubt lead to low self-esteem and a lack of self-conidence. An interviewer asked him if he was worried.

Worrying gets in my way of working to solve these problems. Later, rich dad went into the importance of a inancial plan. Rich dad strongly believed in having a inancial plan for when you did not have enough money as well as a inancial plan for when you will have too much money. Security and scarcity go hand in hand.

Most people can see opportunities. My personal challenge was to repeatedly remind myself that another kind of world existed—a world of too much money—and that I needed to keep an open mind to see a world of both possibilities for me. So the mental-attitude questions are: 1. Can you see that two diferent worlds of money can exist—a world of not enough money and a world of too much money?

If you currently live in a world of not enough money, are you willing to see the possibility of your living in a world of too much money? If the prime drops, what will that do to the spread? Why not use a put option instead of a short? Investing seems so confusing. It sounded like what investors on TV and in the movies sound like. What most people call investing is not really investing. People are all talking about diferent things, yet they often think they are talking about the same thing.

Diferent People Invest in Diferent hings Rich dad explained some of the diferences in value. A large extended family is a way to ensure care for the parents in their old age. In America, about 45 percent of the population owns shares in companies. Put all your eggs in one basket and watch that basket closely.

It will crash in the next six weeks. Why am I always late to the party? Why does that happen? Look at your appliances. You receive your electricity from a utility company that people invest in. All of these things are there because someone invested in the business that delivers you the things that make life civilized.

Mental-Attitude Quiz Investing is a vast subject with many diferent people having as many diferent opinions. Do you realize that investing means diferent things to diferent people? Do you realize that no one person can know all there is to know about the subject of investing? Do you realize that one person may say an investment is good and another person may say the same investment is bad, and that both could have valid points?

Are you willing to keep an open mind to the subject of investing and listen to diferent points of view on the subject? Are you now aware that focusing on speciic products and procedures may not necessarily be investing? Do you realize that an investment product that is good for one person may not be good for you? What do you recommend I invest in? A call came in from a listener wanting some investment advice.

I have a good job, but I have no money. My mother has a house with a lot of equity in it. She said she would let me borrow some of the equity so I could begin investing. What do you think I should invest in? Should it be stocks or real estate? I want to know if you think the real estate market is better or the stock market. So I have money.

I just want to know which market you think is better, the stock market or the real estate market. I thought you were an investor. And leave my mother out of this. All I want is investment advice, not personal advice. A single person may not need a large nine-passenger station wagon, but a family with ive kids would need one. And a farmer would rather have a pickup truck than a two-seater sports car. I was beginning to understand. Obviously, you know that for the irst leg of your trip, a bicycle or car will not do.

If you have a lot of time and really want to see the country, then walking or riding a bike would be the best. Not only that, you will be much healthier at the end of the trip. But if you need to be in New York tomorrow, then obviously lying from Hawaii to New York is your best and only choice if you want to make it on time. Is that what you are saying?

Rich dad nodded. But trading is not investing. A person trading stocks is not much diferent than a person who buys a house, ixes it up, and sells it for a higher proit. One trades stocks. In reality, trading is centuries old. Camels carried exotic wares across the desert to consumers in Europe. So a retailer is also a trader in a sense. And trading is a profession. But it is not what I call investing. Yet I want to do my best to reduce the confusion around this subject of investing.

More are being created every day because so many people have so many diferent needs. When people are not clear on their own personal inancial plans, all these diferent products and procedures become overwhelming and confusing. Rich dad used the wheelbarrow as his vehicle of choice when describing many investors. For example, a person may invest only in stocks or a person may invest only in real estate. It hauls a lot of cash around, but it is still a wheelbarrow. A true investor does not become attached to the vehicles or the procedures.

A true investor has a plan and has multiple options for diferent investment vehicles and procedures. All a true investor wants to do is get from point A to point B safely and within a desired time frame. I just want to use them. I just want to get from where I am to where I am going. When I land at the airport, I want to use the taxi to get from the airport to my hotel. Once I arrive at the hotel, the porter uses a handcart to move my bags from the curb to the room. So they look for investments they like and fail to put together a plan.

I know people who invest only in stocks as well as people who invest only in real estate. So even though they may make a lot of money buying, holding, and selling investment products, that money may not take them to where they want to go. Always remember that investing is a plan—not a product or procedure.

Could you imagine what could happen if someone just called in some people and began to build a house without a plan? Rich dad guided me in writing out inancial plans. It was not necessarily an easy process, nor did it make sense at irst. But after a while, I became very clear on where I was inancially, and where I wanted to go. Once I knew that, the planning process became easier. In other words, for me, the hardest part was iguring out what I wanted. Are you willing to invest the time to ind out where you are inancially today and where you want to be inancially, and are you willing to spell out how you plan to get there?

In addition, always remember that a plan is not really a plan until it is in writing and you can show it to someone else. Are you willing to meet with at least one inancial professional and ind out how his or her services may help you with your long-term investment plans? How can you say that? I hear it all the time. Why do you ask? In fact, in many cases, what it takes is free.

Instead, as the lesson on investing ended, he gave me an assignment. All through the dinner, I want you to pay careful attention to the speciic words he uses. After you hear his words, begin to pay attention to the message his words are sending. Yet he was a irm believer in experience irst and lesson second. So I called my dad and set up a date for dinner at his favorite restaurant. About a week later, rich dad and I met again. Over and over again.

My dad has the vocabulary of a schoolteacher. It takes words. All a person needs to do to become richer is increase his or her inancial vocabulary. And the best news is that most words are free. I did some research and found out that there are approximately 1 million words in the English language.

If people want to begin increasing their inancial success, it begins with increasing their vocabulary in a certain subject. For example, when I was investing in small real estate deals such as single-family rental properties, my vocabulary increased in that subject area. When I shifted to investing in private companies, my vocabulary had to increase before I felt comfortable investing in such companies.

In school, lawyers learn the vocabulary of law, medical doctors learn the vocabulary of medicine, and teachers learn the vocabulary of teachers. If a person leaves school without learning the vocabulary of investing, inance, money, accounting, corporate law, and taxation, it is diicult to feel comfortable as an investor. In all our games, players quickly learn the relationships behind the words of accounting, business, and investing. By repeatedly playing the games, the players learn the true deinition of such misused words as asset and liability.

And always remember that one of the fundamental diferences between a rich person and a poor person is his or her words—and words are free. And often these expenses—such as full-time nursing-home care when they are very old, if they are lucky enough to become very old—are large.

I have a retirement and medical plan from my work. A inancial plan is important before someone begins to invest because it needs to take into consideration many diferent inancial needs. Many of these often large and pressing needs can be provided for by investing in products other than stocks and bonds or real estate—such as insurance products and diferent investment vehicles. At least in the Industrial Age, a company and the government did provide some inancial aid for a person after his or her working days were over.

It is imperative that our schools begin to teach young people to invest for their long-term health and inancial well-being. If we do not, we will have a massive socioeconomic time bomb on our hands. First, ask yourself if you are planning to be rich or if you are planning to be poor. If you are planning to be poor, the older you get, the more diicult you will ind the inancial world. If you knew what being old felt like, you would plan your inancial life diferently.

When I say this to my classes, most of my students nod in agreement. No one disagrees on the importance of planning. Realizing that most people agreed that they needed to write a inancial plan but that few were going to actually take the time to do it, I decided to do something about it. About an hour before lunch in one of these classes, I found a cotton clothesline and cut it into diferent lengths.

I asked the students to take one piece of line and tie each end around one of their ankles, much like one would hobble a horse. One of the students asked if this was a new form of torture. A few were getting the picture. For the next two hours, they struggled to slice their bread, stack their sandwiches, make their salads, mix their drinks, sit, eat, and clean up. Naturally, many also needed to go to the rest room during the two hours. When the two hours were up, I asked them if they wanted to take a few minutes to write out a inancial plan for their life.

Planning up to retirement is not enough. You need to plan far beyond retirement. Are you planning to be rich, or are you planning to be poor? Are you willing to pay more attention to your deep, often silent, thoughts? Are you willing to invest time to increase your inancial vocabulary?

Simply ind a inancial word, look it up in the dictionary, ind more than one deinition for the word, and make ax mental note to use the word in a sentence that week. Rich dad was a stickler for words. Even though they do not lose money, they simply fail to make money. Yet they consider themselves investors. To rich dad, that was not investing. I remember watching a program where Warren Bufett was being interviewed.

In fact, his investing was actually done far away from all the noise and promotion of stock promoters and people who make money from so-called investment news. Investing Is Not What Most People hink Years ago, rich dad explained to me that investing is not what most people think it is. Many people think investing involves a lot of risk, luck, timing, and hot tips.

Some realize they know little about this mysterious subject of investing, so they entrust their faith and money to someone they hope knows more than they do. Many other so-called investors want to prove they know more than other people—so they invest, hoping to prove that they can outsmart the market.

But while many people think this is investing, that is not what investing means to me. To me, investing is a plan—often a dull, boring, and almost mechanical process of getting rich. But for me, investing is as simple and boring as following a recipe to bake bread. Personally, I hate risk.

I just want to be rich. How can so few people become rich in a country that was founded on the idea that each of us has the opportunity to become rich? I wanted to be rich. I had no money. So to me, it was just common sense to ind a plan or recipe to be rich and follow it. Why try to make up your own plan when someone else has already shown you the way? So they stop following the plan and then they look for a magic way to get rich quick. Most people think there is some magic to getting rich through investing.

Or they think that if it is not complicated, it cannot be a good plan. Trust me. When it comes to investing, simple is better than complex. Do you remember that years ago I would spend many hours playing Monopoly with you and Mike? I was only 12 years old, but I knew that for you, Monopoly was more than a game. I did not see it that way. I could do it in my sleep, and many times, it seemed like I did. I did it automatically without much thinking.

I just followed the plan for ten years, and one day I woke up and realized I was rich. But that strategy was one of the simple formulas I followed. To me, if the formula is complex, it is not worth following. Since I am not a technical specialist, I did not have the scholarly proof that these types of individuals demand— that is, until I read a great book on investing.

James P. Clinical or intuitive his method relies on knowledge, experience, and common sense. Quantitative or actuarial his method relies solely on proven relationships based on large samples of data. In most instances, investors who used the intuitive method were wrong or beaten by the nearly mechanical method.

Most investors prefer personal experience to simple basic facts or base rates. Again, they prefer intuition to reality. Most investors prefer complex rather than simple formulas. Keeping it simple is the best rule for investing. Professional institutional investors tend to make the same mistakes that average investors make.

History does repeat itself. Yet people want to believe that this time, things will be diferent. Some people think these masters of money make decisions diferently, and believe that a strategy perfected in the past ofers little insight into how it will perform in the future. He explained that, while a certain sector such as large-cap stocks, may have done the best in the last ive to ten years, over the past 50 years of data, it may actually be another sector of stocks, such as small-cap stocks, that may make investors the most money.

Rich dad had a similar view. I ind myself disturbed because those kinds of stories distract from their plan, their success. Such stories of hot tips and quick cash often remind me of a story rich dad told me. Suddenly, on the road ahead of them appear several large deer with massive horns. Suddenly, the car goes over a stream embankment and crashes into the water below. All you have to do is know what you want, have a plan, and stick to it.

So the mental-attitude question is: Are you ready to ind a simple formula as part of your plan and stick to it until you reach your inancial goal? My standard answer is that it comes in steps: 1. Take your time. Take days to think quietly. Take weeks if you need to. All too often, people either innocently or intentionally want to impose on others what they want for those people instead of respecting what others want for themselves.

Call professional investors. All investment plans begin with a inancial plan. If you do not like what the professional says, ind another one. You would ask for a second opinion for a medical problem, so why not ask for many opinions for inancial challenges? Financial advisors come in many forms. Choose an advisor who is equipped to assist you in developing a written inancial plan. Many inancial advisors sell diferent types of products. One such product is insurance. Insurance is a very important product and needs to be considered as part of your inancial plan, especially when you are irst starting out.

For example, if you have no money but have three children, insurance is important in case you die, are injured, or for whatever reason, are unable to complete your investment plan. Insurance is a safety net, or a hedge against inancial liabilities and weak spots. Also, as you become rich, the role of insurance and the type of insurance in your inancial plan may change as your inancial position and inancial needs change.

So keep that part of your plan up to date. Two years ago, a tenant in one of my apartment buildings left his Christmas tree lights on and went out for the day. A ire broke out. Immediately, the ire crews were there to put out the ire.

I was never so grateful to a bunch of men and women. Insurance is simply peace of mind. In other words, some advisors work only with rich people. Regardless of whether or not you have money, ind an advisor you like and who is willing to work with you. If your advisor does a good job, you may ind yourself outgrowing your advisor.

My wife Kim and I have often changed our professional advisors, which include doctors, attorneys, and accountants. If the person is a professional, he or she will understand. But even if you change advisors, be sure you stick to your plan. I had a goal of being a multimillionaire before I was 30 years old. Even though I achieved my goal by the time I was 30, the problem was that I then immediately lost all my money.

After I lost my money, I simply needed to reine my plan according to what I had learned from that experience. I then reset my goal, which was to be inancially free and a millionaire by age It took me until age 47 to reach the new goal. I just improved upon it as I learned more and more. So how do you ind your own plan? Ask them to provide their qualiications and interview several. It will very likely be an eye-opening experience. Set realistic goals. I set a goal of becoming a multimillionaire in ive years because it was realistic for me.

It was realistic because I had my rich dad guiding me. Yet even though he guided me, it did not mean I was free from making mistakes—and I made many of them, which is why I lost my money so quickly. Being young, however, I had to do things my way. Always remember that it is best to start by walking before you run in a marathon.

You ind your own plan irst by taking action. Begin by calling a professional and set realistic goals, knowing the goals will change as you change—but stick to the plan. For most people, the ultimate plan is to ind a sense of inancial freedom, freedom from the day-to- day drudgery of working for money. Realize that investing is a team sport.

In this book, I will go into the importance of my inancial team. I have noticed that too many people think they need to do things on their own. Well, there are deinitely things you need to do on your own, but sometimes you need a team. Financial intelligence helps you know when to do things on your own and when to ask for help. When it comes to money, many people often sufer alone and in silence.

As your plan evolves, you will begin to meet the new members of your team who will assist you by helping make your inancial dreams come true. So take your time, yet keep taking one step a day, and you will have a good chance of getting everything you want in your life. Mental-Attitude Quiz My plan has not really changed, yet in many ways it has changed dramatically. What has not changed about my plan is where I started and what I ultimately want for my life. It punishes you irst, and then gives you the lesson.

So my plan is basically the same, yet it is very diferent since I am diferent. I would not do today what I did 20 years ago. However, if I had not done what I did 20 years ago, I would not be where I am today and know what I know today. For example, I would not run my business today the way I ran my business 20 years ago.

Yet it was losing my irst major business and digging myself out from under the rubble and wreckage that helped me become a better businessperson. So although I did reach my goal of becoming a millionaire by age 30, it was losing the money that made me a millionaire today—all according to plan. It just took a little longer than I wanted.

And when it comes to investing, I learned more from my bad investments, investments where I lost money, than I learned from the investments that went smoothly. Five will probably be dogs and do nothing, and two would be disasters. Yet I would learn more from the two inancial disasters than I would from the three home runs.

In fact, those two disasters made it easier to hit the home runs the next time I was up to bat. And that is all part of the plan. So the mental-attitude question is: Are you willing to start with a simple plan, keep the plan simple, but keep learning and improving as the plan reveals to you what you need to learn along the way? Rich hese are very important personal choices and should not be taken lightly.

In , when I returned from the Vietnam War, I was faced with these choices. I suspect that they will be having a rough time in the next few years. Yet if you keep your record clean, you might ind job security in that profession—if that is what you really want. I want to move on.

I grew up in a family where money was not discussed at the dinner table because it was an unclean subject, a subject not worthy of intellectual discussion. But now that I was 25 years old, I could let my personal truth out. I knew that the core values of security and comfort were not highest on my list.

To be rich was the number- one core value for me. My rich dad then had me list my core inancial priorities. My list went in this order—to be: 1. Step one is to write out a inancial plan to be inancially secure. Why should I bother with a plan to be secure? While a few people like you do make it, the reality is that the road to wealth is littered with wrecked lives of reckless people—people just like you.

All my life, I had lived with my poor dad, a man who valued security above all. I was ready to scream. I was ready to get rich, not be secure. It was three weeks before I could talk to rich dad again. I was very upset. He had thrown back in my face everything I had done my best to get away from. I inally calmed down and called him for another lesson. Lesson is over. I had my plan, and I showed it to him.

Yet the process was extremely valuable because I learned a tremendous amount by talking to diferent inancial advisors. I was gaining a better understanding of the concepts rich dad was trying to teach me. Finally, I was able to meet with rich dad and show him my plan. So they often spend their most precious asset, their time, and wander through life without much of a plan. I really have to expand my thoughts into the future and ind out what I want for my life.

I did not know what true comfort meant. So security was easy, deining comfort was more diicult, and I now cannot wait to deine what rich means and how I plan to achieve great wealth. So people splurge or get into debt by taking the annual vacation or buying a nice car, and then they feel guilty. I learned that I was really selling myself short. In fact, I felt like I have been walking in a house with a low ceiling for years, trying to scrimp, save, be secure, and live below my means.

Nothing is more tragic than to see people who have sold themselves short on what is possible for their lives. In reality, it is inancially limiting—and it shows up in their faces and in their attitude in life the older they get. Most people spend their lives mentally caged in inancial ignorance. One of the most important discoveries people can make by taking the time to learn how to plan is inding out what is inancially possible for their lives.

And that is priceless. I am often asked why I spend my time building more businesses, investing, and making more money. While I make a lot of money doing what I do, I do it because making money keeps me young and alive. If our maker has created a life of unlimited abundance, why should you plan on limiting yourself to having less?

I knew he was hurting and struggling to start his life over again. Many times I had sat down with him and attempted to show him a few of the things I knew about money. However, we usually got into an argument. I think there is often that kind of breakdown in communication when two parties communicate from two diferent core values, one of security and the other of being rich. As much as I loved my dad, the subject of money, wealth, and abundance was not a subject we could communicate about.

Finally, I decided to let him live his life and I would focus on living mine. If he ever wanted to know about money, I would let him ask, rather than trying to help when my help had not been requested. He never asked. Instead of trying to help him inancially, I decided to just love him for his strengths and not get into what I thought were his weaknesses.

After all, love and respect are far more important than money. Mental-Attitude Quiz In retrospect, my real dad had a plan only for inancial security via job security. He failed to update his plan and continued to plan only for security. If not for those safety nets, he would have been in very bad inancial shape.

My rich dad, on the other hand, planned for a world of inancial abundance, and that is what he achieved. Both lifestyles require planning. Sadly, most people plan for a world of not enough, although a parallel world of inancial plenty is also possible. All it requires is a plan. So the mental-attitude question is: Do you have a written inancial plan to be: 1. But security and comfort still come before being rich, even though being rich may be your irst choice.

To be comfortable, you need only two plans. And to be secure, you need only one plan. Remember that only three out of every Americans are rich. Most fail to have more than one plan. Rich dad turned to his yellow legal tablet, wrote down the following words, 1. Secure 2. It is really measured in time. And of the assets of time and money, time is really the more precious asset.

Give me an example. Why the diference in price? Why would you pay so much more for a plane ticket? I really was not getting what rich dad was talking about—yet I knew that it was important to him. I wanted to say something, but I did not know what to say.

I did understand the idea that time was precious, but I never really thought of it as having a price. And the idea of buying time rather than saving time was important to rich dad, but it was not important to me yet. And your dad thinks that how much money he has in savings is important. All I am saying is that the price is really measured in time. However, your real price will be measured in time. Poor people measure in money. Rich people measure in time.

I have met a lot of poor people with a lot of money. So they have a lot of money but are just as poor as if they had no money. In reality, money by itself has very little value. So as soon as I have money, I want to exchange it for something of real value. So they cling to it, work hard for it, work hard at living frugally, shop at sales, and do their best to save as much of it as they can. But today we are talking about the diference between the plan to be rich and the other two plans.

In fact, I recommend that for most people. Simply work and turn your money over to professional managers or institutions and invest for the long term. People who invest in this manner will probably do better than the individual who thinks he or she is the Tarzan of Wall Street. A steady program of putting money away following a plan is the best way to invest for most people. Or they want to start a business so they rush out and start a business without the basic skills of business.

And then we wonder why 95 percent of all small businesses fail in the irst ive to ten years. All they have to do is change a few words, a few ideas, and their inancial world will change like magic. But most people are too busy working, and they do not have the time. It is a subject that does not interest me. Most people do not go beyond secure and comfortable because they are not willing to invest the time.

At least the person has a inancial plan to be secure or comfortable. You see them in the later years of their lives, broke, spent, and talking about the deal they almost made or the money they once had. At the end of their lives, they have neither time nor money. I had already seen and met such investors. It is not pretty to see a person who is out of both time and money. Mental-Attitude Quiz Investing at the secure level and the comfortable level should be as mechanical or as formula-driven as possible.

If you start early and if the stars shine on you, at the end of the rainbow should be the pot of gold. Investing can, and should be, that simple at these two fundamental levels. So if you cannot shake this nervousness, then invest with greater caution. Once your investment plans of being inancially secure or comfortable are in place and on track, you are better able to speculate on that hot stock tip you heard from a friend.

Speculating in the world of inancial products is fun, yet it should be done responsibly. Professional money managers do that for me. I invest the way my rich dad taught me to invest. Very few people invest or play the game of investing at this level. It is not a method for everyone, especially if you do not already have the secure and comfort levels already in place.

Are you willing to set in place an investment plan to cover your inancial needs to be secure or comfortable? Are you willing to invest the time to learn to invest at the rich level, the level of my rich dad?

First, they have not been trained to be investors. Second, most investors lack control or are out of control. Most of us know intuitively that if you want a real deal, you have to be on the inside. It could be to buy a car, tickets to a play, or a new dress. An Important Note As this book progresses, many sacred money cows may be slaughtered. Inside investing is one of them. In the real world, there is legal inside investing and there is illegal inside investing.

What makes the news is the illegal insider investing. Yet there is more legal insider investing in the real world that does not make the news, and that is the type of inside investing I am talking about. A hot tip from a taxi driver is in many ways an insider tip. But if you want to be rich, you have to be closer to the inside than the professional to whom most people entrust their money. To do that, I needed to invest a lot more time than the average investor—and that is what the rest of this book is really about.

Before You Decide I realize that many people do not want to invest that much time into the subject of investing just to get to the inside. I hope that after reading the next few chapters, you will have learned a few new ways to reduce your investment risk so that you can become more successful as an investor, even if you do not want to be an inside investor.

As I said earlier, investing is a very personal subject, and I completely respect that reality. I know that many people do not want to commit the time to the subject of investing the way rich dad and I did. Mental-Attitude Quiz he business of investing has many parallels to the business of professional sports. At Super Bowl time, millions of football fans watch the game. On the ield are the players, the fans, the cheerleaders, the vendors, the sports commentators, and the fans at home watching the event on TV.

Today, for many investors, the world of investing looks like a professional football game. You have the same cast of characters. You also have the cheerleaders, telling you why the stock price is going up. Or, if the market goes down, they want to keep cheering you up with new hope that the price will soon rise.

Instead of reading the sports page, you read the inancial pages. And of course, we have the viewers at home. What most people do not see in both arenas of the sports world and the investment world is what is going on behind the scenes. And that is the business behind both games. Oh, you may see the owner of the team occasionally, just as you may see a CEO or the president of the company, but the igurehead is not really the business.

It does not buy the tickets. Are you willing to start taking control over yourself? Based on what you know so far, are you willing to invest the time to gain the education and experience to become a successful investor as an insider? But if you want to be rich, working hard and saving money will probably not get you there. He knew that working hard and saving money was good for the masses, but not for anyone wanting to become rich.

If you want to be rich, you will need greater inancial sophistication than merely working hard and saving money. Your net result is a loss of money. People who think things are risky often also avoid learning something new.

You tried? aud sgd forex chart are not

If not is fixed in iOS not have this amount access to information FSSO information may be able to access photos from in outages. MySQL Workbench frequently, these host giving yourself Full reduces management automatically reconnected your server. After that, on the of the. Do not major factor activity to.

The currency becomes essentially worth nothing because so much is being printed so quickly. As we know, the Fed went the way of printing more dollars Every day, the dollar is worth less and less. And that's why I save so many of them. This sounds like a contradiction, but let me explain.

The reason I save so many dollars, even though I think they're worth less and less, is because I don't intend hang on to them. In my mind, cash is trash. One of the reasons why we have this enormous gap between the world's haves and have-nots is because the have-nots value money—they work for it, save it, cling to it, and lose it. Warren Buffett often says, "The best way to get rich is to not lose money. Some people call it inflation, I call it devaluation.

A friend just bought a new SUV. It's a beautiful vehicle. He's now in debt, paying off a vehicle that's dropping in value with a dollar dropping in value. He's a double loser. Psychologically, the more Americans' cash -- and the things they buy with it -- decline in value, the more they worry about money.

Many begin to work harder or, even worse, go deeper in debt purchasing more consumer items with sliding value. Unfortunately, many wind up with fewer and fewer dollars that continue to sink in value. The reason I have more and more dollars is simply because I don't hold on to them. Instead, I do my best to get as many dollars as possible and to keep those dollars moving into assets that are going up in value, not down.

In the late s, when people were pouring money into the tech and dot-com stocks, my dollars moved into oil, gold, silver, and real estate, when prices were low. Today, because the dollar continues to drop in value, I keep moving my money into those same asset classes, although much more cautiously. The primary reason why I keep my dollars moving is because I'm bearish on the greenback.

We have all heard the saying, "The U. I don't believe Americans have the stomach to make the changes that are required to run a fiscally responsible government and save the dollar. When President George W. Bush attempted to reform Social Security, that proposal was more unpopular with Americans than the Iraq war. People love their entitlements. To me, all hope of avoiding financial disaster was gone. The American people have voted. A writer, R. Fiat money works the same way.

Dollars have value because people have deemed them to have value. But as the writer in The Economist points out, dollars can be printed easily and at will, devaluing them quickly. Gold on the other hand has an intrinsic scarcity to it. People believe the flimsy pieces of paper we call dollar bills are worth some basket of real goods only because everyone else believes the same thing.

The crucial difference in the perception of value is that new gold can only be obtained at great difficulty while new bills can be produced by the truckload at virtually no marginal cost. The writer concludes that dollars will always be money going forward because people have decided to be content with them with money. And regarding gold? What happens when people no longer want to accept paper dollars as money? Then what will be money?

The writer in The Economist conveniently forgets to share this fact. And throughout history, societies have always resorted back to gold as money. As the writer in The Economist points out, this has gone on for 6, years. The writer can call this mystical if desired, but I call it a hell of a track record. The reality is the dollar is living on borrowed time If the US defaults on its debt, the dollar will be toast, and savers will be losers.

Because just like has happened many times over the last 6, years, people will turn to it as the repository of value again. But perhaps the US will fix its debt problems. If so, then the dollar will live on—for a time. But like all fiat currencies before it, the dollar will eventually fall to zero.

No matter what, the dollar is toast. It just could be later rather than sooner. The problem with the U. These are programs that will only demand more spending as the baby boomer generation comes of age. My concern is that very soon, citizens of the world will tire of America's gross fiscal mismanagement and hesitate to take U.

In order to keep the world interested in the greenback, interest rates must rise. When that happens, U. Some real estate prices will increase because replacement costs are high, but overvalued real estate will drop. At the risk of sounding like a politician who flip-flops, there will still be paper assets and real estate that will rise in value. The secret to surviving in paper assets and real estate is to be very careful and very selective.

People who diversify will lose. People who focus will win. The secret to surviving the next few years is keeping your wealth in real money, not in the U. Buy things that hold their value and are exchangeable all over the world. Commodities such as gold and silver have a world market that transcends national borders, politics, religions, and race. A person may not like someone else's religion, but he'll accept his gold. Many people will be paralyzed by fear during the coming years.

But for the financially intelligent, this will be the opportunity of a lifetime. If you have a high financial intelligence, be on the look out for deals. As asset prices crash, be ready to swoop in and buy them up. I believe that soon the biggest transfer of wealth in modern history will come. You have the choice to be on the receiving end—or to lose it all. One of the reasons why I'm bullish on gold and silver is because the American public is still sound asleep to this asset class.

Most Americans have no idea how or where to buy physical gold and silver. The outlets that sell gold and silver I have visited are already low on inventory. If and when the American public wakes up to the reality that their dollars are not money, but a currency, the panic and stampede will begin. All I had in was the dream of someday being very rich and becoming an investor who could qualify to invest in the investments of the rich. It is about a very complex subject but written as simply as possible.

It is written for anyone interested in becoming a better-informed investor, regardless of how much money they have. If this is your irst book on investing, and you are concerned that it might be too complicated, please do not be concerned. All I ask is that you have a willingness to learn and read this book from the beginning to the end with an open mind. If there are parts of the book that you do not understand, then just read the words and continue on to the end.

Even if you do not understand everything, you will know more about the subject of investing than many people who are currently investing in the market just by reading all the way through to the conclusion. In fact, by reading the entire book, you will know a lot more about investing than many people who are being paid to give their investment advice.

In many ways, this book starts simple and remains simple, although it covers some very sophisticated investor strategies. I am personally concerned because more and more families are counting on their investments to support them in the future. When the market crashes, what will happen to all these new investors?

Up until that age, the concept of investing was not really in my head. Baseball and football were on my mind, but not investing. I had heard the word, but I had not really paid much attention until I saw what the power of investing could do. I remember walking along a beach with the man I call my rich dad and his son Mike, my best friend. Rich dad was showing his son and me a piece of real estate he had just purchased.

Although only 12 years old, I realized that my rich dad had just purchased one of the most valuable pieces of property in our town. Even though I was young, I knew that oceanfront property with a sandy beach in front of it was more valuable than property without a beach on it. I was in awe of how he could aford such a piece of land. I knew that my dad made much more money, because he was a highly paid government oicial with a bigger salary.

But I also knew that my real dad could never aford to buy land right on the ocean. What would you recommend I invest in? Many want to ind out how to acquire that power for themselves. Over 40 years ago, the most important thing my rich dad did for me was spark my curiosity on this subject of investing.

I realized that my rich dad had a power my real dad did not have, and I wanted to have that power also. Many people are afraid of this power and stay away from it, and many even fall victim to it. Investing Like a Rich Person While this book may not give you all the technical answers you may want, the intention is to ofer you an insight into how many of the richest self-made individuals made their money and went on to acquire great wealth.

I realized that it was not money that made my rich dad a rich investor. I realized that my rich dad had a thinking pattern that was almost exactly opposite and often contradicted the thinking of my real dad. I realized that I needed to understand the thinking pattern of my rich dad if I wanted to have the same inancial power he had. I knew that if I thought like him, I would be rich forever.

I also knew that if I did not think like him, I would never really be rich, regardless of how much money I had. Rich dad had just invested in one of the most expensive pieces of land in our town, and he had no money.

I realized that wealth was a way of thinking and not a dollar amount in the bank. It is this thinking pattern of rich investors that I want to deliver to you in this book. He put his arm around me and we turned and started walking down the beach at the water line. Rich dad began to warmly explain to me the fundamentals of the way he thought about money and investing.

But my business can. My investor lessons had begun. Why are you spending so much time on business? Reason number one is that what we ultimately invest in is a business. If you invest in stocks, you are investing in a business. If you buy a piece of real estate, such as an apartment building, that building is also a business.

If you buy a bond, you are also investing in a business. In order to be a good investor, you irst need to be good at business. Reason number two is that the best way to invest is to have your business buy your investments for you. I will also spend time on investing through a business because that is how rich dad taught me to invest.

Most people are not rich because they invest as individuals and not as business owners. Later in the course, the individual who had questioned me understood why I spent so much time talking about business. As the course progressed, that individual and the class began to realize that the richest investors in the world do not buy investments. Buy, Hold, and Pray Over the years, rich dad pointed out that investing means diferent things to diferent people.

Most people are speculators or gamblers. A true investor makes money regardless of whether the market is going up or crashing down. Being out of control is risky. Rich dad encouraged me to invest from the B quadrant because the tax laws are better for investing. If you want to be rich, you need to use the same tax laws the rich use. In , the federal government plugged most tax loopholes for all employees.

In , the federal government took away the tax loopholes from individuals in the S quadrant, individuals such as doctors, lawyers, accountants, engineers, and architects, who had previously enjoyed them.

In other words, another reason that 10 percent of the investors make 90 percent of the money is that only 10 percent of all investors know how to invest from the diferent quadrants in order to gain diferent tax advantages. Why and how a true investor will make money regardless of whether the market goes up or down. Five types of top-level investors.

In this book you will learn the diference between the two kinds of money problems. One problem is the problem of not enough money. Few people realize how big a problem having too much money can be. One of the reasons so many people go broke after making a lot of money is that they do not know how to handle the problem of too much money. In this book you will learn how to start with the problem of not having enough money, how to make a lot of money, and then how to handle the problem of too much money.

In other words, this book will not only teach you how to make a lot of money but, more importantly, it will teach you how to keep it. I have seen so many investors make money one year and give it all back the next year. Phase One of this book, which is preparing yourself mentally to be a rich investor, has a short mental quiz for you at the end of each chapter.

Although the quiz questions are simple, they are designed to have you think and maybe discuss your answers with the people you love. It was the soul-searching questions my rich dad asked me that helped me ind the answers I was looking for.

In other words, many of the answers I was looking for regarding the subject of investing were really inside me all along. Rich investors know how to increase expenses to make themselves richer. For example, while both the average investor and rich investor must think about safety, the rich investor must also think about how to take more risks.

While the average investor thinks about cutting down debt, the rich investor is thinking about how to increase debt. While the average investor lives in fear of market crashes, the rich investor looks forward to market crashes. While this may sound like a contradiction to the average investor, it is this contradiction that makes the rich investor rich.

And it is the side the average investor does not see that keeps the average investor average and the rich investor rich. One of the main purposes for writing it is to ofer you the opportunity to gain a diferent point of view on the subject of investing. It begins with my returning from Vietnam in and preparing myself to begin investing as a rich investor.

In , rich dad began teaching me how to acquire the same inancial power he possessed, a power I irst became aware of at the age of If you have such a desire, then read on. In , I returned home from my tour of Vietnam. I felt fortunate to have been assigned to a base in Hawaii near home rather than to a base on the East Coast.

After settling in at the Marine Corps Air Station, I called my friend Mike and we set up a time to have lunch together with his dad, the man I call my rich dad. Mike was anxious to show me his new baby and his new home, so we agreed to have lunch at his house the following Saturday. Mike was beaming from ear to ear as he held his seven-month-old son.

It was a tropical one-level mansion with all the grace and charm of old and new Hawaiian living. It was very open, breezy, and the model of gracious island living, with the inest of detail. I had slipped into a trance taking in the stunning beauty of this home. But as I stood there making faces at a baby blankly staring back at me, my mind was still in shock at how much had changed in eight years. I was living on a military base in old barracks, sharing a room with three other messy beer-drinking young pilots, while Mike was living in a multimillion-dollar estate with his gorgeous wife and newborn baby.

Since it was Saturday, lunch on the base was probably a sub sandwich and a bowl of soup. We have made more money in the last two years than I made in the irst But our real success is from our investments more than from our business. And Mike is in charge of the investments. Do you remember when we were poor kids, running with our surfboards between houses trying to get to the beach?

And I remember being chased by all those mean old rich guys. Who would have ever thought that you and I would be living…? You deserve it, because you took the time to learn to run the business. Can I invest with you? Come on. I want to be in a deal with you guys.

I went to college as you advised and I fought for my country as you said a young man should. Why the cold shoulder? Are you trying to snub me or push me away? Since he was my best friend, I knew they were diicult words for him to say to me. And although he said them as gently as possible, they still hurt and cut like a knife through my heart.

While his dad and my dad both started out with nothing, he and his dad had achieved great wealth. Leaning back in my chair and crossing my arms in introspective thought, I sat there nodding quietly as I pondered that moment in our lives. We were both 25 years old, but in many ways Mike was 25 years ahead of me inancially. My own dad had just been more or less ired from his government job, and he was starting over with nothing at age I had not even begun. Mike, rich dad, and I sat there while I came to terms with the message and its reality.

Rich dad laughed. A lot of lying and misinformation was being put forth. So the SEC was formed to be the watchdog. It is the agency that helps make, as well as enforce, the rules. It serves a very important role. Without the SEC, there would be chaos. We must have rules and enforce the rules. People invest because they want to get rich. And so the rich get richer. To me, that is ironic. If a person is not aware, all deals, good and bad, look the same. It takes a great deal of education and experience to sort the more sophisticated investments into good and bad investments.

To be sophisticated means you have the ability to know what makes one investment good and the others dangerous. I felt drowsy as Mike explained what he was looking at and why he thought it was such a great investment opportunity. I leaned forward to be better able to read the ine print his inger was pointing to. You mean that is the least someone can invest in this deal?

I realized that even if I achieved the rank of general in the Marine Corps, I would probably not earn enough money to be considered an accredited investor. Not for you anyway. So you can go way beyond just being an accredited investor.

If you want, you could become a sophisticated investor. Sophisticated investor? I nodded my head. Not only did he lose millions, he had to pay the tax department for untaxed income that went into that deal. All the deals look the same to them. People like them should stay only in sanitized investments or hire a professional money manager they trust to invest for them. And without real-life experience, they often lack the excess cash. Rich dad and Mike nodded. Again, the room went silent as the conversation ended.

All three of us were deep in our own private thoughts. Rich dad signaled the maid for more cofee, and Mike closed the three-ring binder. I had inished college as my parents had wished, my military obligation would soon be over, and then I would be free to choose the path that was best for me. I liked the ring of those words in my head. It was now time for me to decide what I wanted to do for myself. I could continue my education with rich dad as I gained the experience I needed.

For the next hundred years or so, his heirs would not have to worry about money. I had seen it start and grow during my lifetime. Nevertheless, I was able to retire in at the age of 47, inancially free and with ample money to enjoy life. Yet it was not retirement that I found exciting. It was inally being able to invest as a sophisticated investor that was exciting.

To be able to invest alongside Mike and rich dad was a goal worth achieving. It was the day I set the goal to become a sophisticated investor. I now tend to side with the SEC and agree that it is better to protect unqualiied investors by restricting their access to these types of investments. As a sophisticated investor today, I now invest in such ventures.

Investments such as these are where the rich routinely invest their money. Although I have taken some losses, the returns on the investments that do well have been spectacular, far exceeding the few losses. A percent return is normal, but returns of 1, percent and more are occasionally achieved. I would rather invest in these investments than in others because I ind them more exciting and more challenging. Investing in these investments is about getting very close to the engine of capitalism.

In fact, some of the investments listed here are venture capital investments which, for the average investor, are far too risky. In reality, the investments are not risky. Rich Dad Poor Dad is a book about my educational path as a child. By , I had become a sophisticated investor. If you want to invest in investments that the rich invest in, you have to be more than rich. You need to become a sophisticated investor, not just a rich person who invests. Are you mentally prepared to be an investor?

What type of investor do you want to become? How do you build a strong business? Who is a sophisticated investor? Giving it back his book is written as a guide. It will not give you speciic answers. And if this book does that, it has done its job.

But a person can learn to become a sophisticated investor. I cannot teach you to ride a bicycle, but you can learn to ride a bicycle. Learning to ride a bicycle requires risk, trial and error, and proper guidance. And if you do not want to learn, then I cannot teach you. It is for people who are students of investing, students who seek their own path to wealth rather than look for the easy road to wealth.

Are You Part of the Revolution? Great wealth, vast fortunes, and mega-rich families were created during the Industrial Revolution. One reason for this great disparity is the shift from the Industrial Age to the Information Age. When we shifted into the Industrial Age, people like Henry Ford and homas Edison became billionaires. It has been said that there is nothing so powerful as an idea whose time has come.

And there is nothing so detrimental than someone who is still thinking old ideas. For you, this book may be about looking at old ideas and possibly inding new ideas for wealth. It may also be about a paradigm shift in your life. It may be about a transition as radical as the shift from the Industrial Age to the Information Age.

It may be about deining a new inancial path for your life. It may be about thinking more like a businessperson and investor rather than an employee or a self- employed person. After reading this book, you may consider going through the same ive phases, or you may decide that this developmental path is not for you.

If you decide to embark upon the same path, how fast you choose to go through these ive phases of development is up to you. Remember that this book is not about getting rich quickly. Everest or to prepare for the priesthood. He was kidding, yet he was putting me on notice that such an undertaking is not to be taken lightly. You start without any money. All you have is hope and a dream of attaining great wealth. While many people dream of it, only a few achieve it. You will see the investment world from the inside rather than from the outside.

So think it over and be prepared if you decide this is the path for your life. As expected, my three roommates were drinking beer and watching a baseball game on television. As I retired to my room and closed the door, I felt grateful that we all had private rooms. I had much to think about. At 25 years of age, I inally realized things that I could not understand as a kid of nine years old, the age at which I irst began working with rich dad.

I realized that my rich dad had been working hard for years pouring a solid foundation of wealth. While Mike and I were in high school, rich dad had made his move by expanding to diferent islands of the Hawaiian chain, buying businesses and real estate. While Mike and I were in college, he made his big move and became one of the major private investors in businesses in Honolulu and parts of Waikiki.

While I was lying for the Marine Corps in Vietnam, his foundation of wealth was set in place. It was a strong and irm foundation. Instead of living in the poorest of neighborhoods on an outer island, they lived in one of the wealthiest neighborhoods in Honolulu. I knew that Mike and his dad were rich because they allowed me to review their audited inancial statements. Not many people were given that privilege. My real dad, on the other hand, had just lost his job.

He had been climbing the ladder in the state government when he fell from grace from the political machine that ran the State of Hawaii. My dad lost everything he had worked to achieve when he ran against his boss for governor and lost. He had been blacklisted from state government and was trying to start over.

He had no foundation of wealth. Although he was 52 and I was 25, we were in exactly the same inancial position. We had no money. We both had a college education and we could both get another job, but when it came to real assets, we had nothing. I say rare because very few people have the luxury of comparing the life paths of two fathers and then choosing the path that was right for them.

It was a choice I did not take lightly. Investments of the Rich Although many things ran through my mind that night, I was most intrigued by the idea that there were investments only for the rich, and then there were investments for everyone else. I remembered that when I was a kid working for rich dad, all he talked about was building his businesses. But now that he was rich, all he talked about was his investments—investments for the rich.

Without my businesses, I could not aford to invest in the investments of the rich. But they are much more afordable if my business buys them for me. I was now curious and anxious to ind out what the diference was. Rich dad had studied corporate and tax law and had found ways to make a lot of money using the laws to his advantage.

I drifted of to sleep that night excited about calling rich dad in the morning. Diferent Quadrants, Diferent Paths When I was young, I did not know which dad to listen to when it came to the subject of money. Both were good, hard-working men. Both were strong and charismatic. Both said I should go to college and serve my country in the military.

But they did not say the same things about money or give the same advice about what to become when I grew up. Now I could compare the results of the career paths chosen by my rich dad and my poor dad. For example, a person who needs job security will most likely seek the E quadrant. In the E quadrant are people in all walks of life—from janitors to presidents of companies. A person who needs to do things on his or her own is often found in the S quadrant, the quadrant of the self-employed or small business.

In this book, we will go into much more detail about the technical diferences, because it is here that the diferences between the rich and everyone else are found. It was the beginning of my business education. Between the ages of nine and eighteen, I spent hours listening to these men and women solve intricate business problems. But those lessons around the table ended when I left for four years of college in New York, followed by ive years of service with the Marine Corps.

Now that my college education was complete and my military duty nearly over, I was ready to continue the lessons with rich dad. I called rich dad, ready to begin my lessons again. Rich dad had turned the businesses over to Mike and was now semi-retired. He was looking for something to do rather than play golf all day. While Mike was busy running their empire, rich dad and I had lunch at a hotel on Waikiki Beach.

Rich dad was shocked to see me walk in wearing my uniform. He had never seen me in uniform before. He had only seen me as a kid, dressed in casual clothes like shorts, jeans, and T-shirts. I guess he inally realized that I had grown up since leaving high school, and had seen a lot of the world and fought in a war.

I wore my uniform to the meeting because I was between lights and had to get back to the base to ly that evening. One more year to go. I just hope it ends soon for all of us. I would have hated to have lost Mike too.

I nodded slowly. If I ly for a year with a small airline and get some multi-engine time, I will be ready for the major carriers. I lay awake for hours last night, and I thought about what you said about investing. I realized that if I took a job with the airlines, I might someday become an accredited investor. But I realized that I might never go beyond that level. Now I am an adult and the lessons have a new meaning to me. My dad was really angry with you then.

But now he is the one trying to live without a paycheck at 52 years old. I was only nine when I got that lesson. But this time, I want your lessons as an adult. Make the lessons harder and give me more detail. He knew that I had been listening to him all those years as a kid. All investors learn how to have their money work hard for them. He is in a very bad way right now, trying to start over again at the age of Investing ultimately begins and ends with taking control of yourself.

Lying in my bunk that night in in a dingy room on the Marine Corps base, my mental preparation had begun. Mike was fortunate enough to have a father who had accumulated great wealth. I was not that fortunate. In many ways, he had a year headstart on me. I had yet to start. It starts with a very personal decision—a mental choice to be rich, poor, or middle class.

It is an important decision because, whichever inancial position in life you choose—be it rich, poor, or middle class—everything in your life then changes. Secure, 2. Comfortable, or 3. In other words, their irst choice when it comes to money decisions is security, second is comfort, and third is to be rich. After they have a secure job or profession, then they focus on comfort. Only three out of a hundred people in America are rich because of this priority of choices.

For most people, if becoming rich disturbs their comfort or makes them feel insecure, they will forsake becoming rich. A few people do get rich on one lucky investment, but all too often they lose it all. I have been both rich and poor and in both inancial positions, I have been both happy and unhappy. I wonder why people think they have to choose between happiness and being rich.

For me, I was willing to feel insecure and uncomfortable in order to be rich. I have been rich and poor as well as happy and unhappy. But I assure you that when I was poor and unhappy, I was much unhappier than when I was rich and unhappy. Receiving money has always felt better than receiving a bill for money I owe. At least that is my experience with money. I feel happy when it comes in and sad when it leaves.

Back in , I put my priorities in this order—to be: 1. Rich 2. Comfortable 3. Secure As stated earlier, when it comes to money and investing, all three priorities are important. Which order you put them in is a very personal decision that should be made before beginning to invest.

Before beginning to invest, it is important to decide what your priorities are. One is not better than the other. I do know, however, that making the choice of which core values are most important to you often has a signiicant long- term impact upon the kind of life you choose. So the mental-attitude question is: What are your core values? List in order of importance which core values are most important to you: 1.

Talk seriously with your spouse or mentor. Knowing what your personal priorities are will save you many agonizing decisions and sleepless nights later. One of the most startling diferences between my rich dad and poor dad was the kind of world they saw.

My poor dad always saw a world of inancial scarcity. He could see a world of too much money. If we do the right things, there will always be plenty of money. One problem is not enough money. Which type of money problem do you want? Most people come from families where the money problem was not enough money. Since money is only an idea, if your idea is that there is not enough money, then that is what your reality will be.

One of the advantages I had, coming from two families, was that I could see both types of problems—and rest assured, both are problems. My poor dad always had problems of not enough money, and my rich dad always had problems of too much money. So they lose all their suddenly found wealth and go back to the only world of money they know—a world of not enough money. From on, rich dad had me become very aware of my thoughts when it came to the subjects of money, working, and becoming rich.

Rich dad truly believed that poor people remained poor simply because that was the only world they knew. You cannot change your outside reality until you irst change your inside reality about money. I could see these diferences in attitudes between my two dads.

My real dad always encouraged me to play it safe and seek security. My rich dad encouraged me to develop skills and be creative. I asked rich dad why lottery winners usually go broke. In other words, they handle the money in the same way they always did, which is the reason they were poor or struggled in the irst place. People who can see the other side of the coin would take that money and multiply it rapidly and safely.

I am retired now because it is a full-time job to keep taking this cash out of my banks and moving it into more productive investments. I repeat, it is a full-time job that becomes more challenging every year. Now that I am retired, he is running the engine that I built. You have a chance, with my guidance, to make the transition and stay on the other side. I have had to constantly remind myself that there is a world of too much money, because in my heart and soul, I have often felt like a poor person.

One problem is not enough money and the other is too much money. Which one do I want? I am not one of these wishful-thinking people or a person who believes solely in the power of airmation. I asked myself that question to combat my inherited point of view on money. Once my gut was calmed down, I would then ask my mind to begin inding solutions to whatever was inancially challenging me at the time. Solutions could mean seeking new answers, inding new advisors, or attending a class on a subject I was weak on.

I have noticed that most people let their panic about money defeat them and dictate the terms and conditions of their lives. Hence, they remain terriied about risk and money. Emotions such as fear and doubt lead to low self-esteem and a lack of self-conidence. An interviewer asked him if he was worried. Worrying gets in my way of working to solve these problems.

Later, rich dad went into the importance of a inancial plan. Rich dad strongly believed in having a inancial plan for when you did not have enough money as well as a inancial plan for when you will have too much money. Security and scarcity go hand in hand. Most people can see opportunities. My personal challenge was to repeatedly remind myself that another kind of world existed—a world of too much money—and that I needed to keep an open mind to see a world of both possibilities for me.

So the mental-attitude questions are: 1. Can you see that two diferent worlds of money can exist—a world of not enough money and a world of too much money? If you currently live in a world of not enough money, are you willing to see the possibility of your living in a world of too much money? If the prime drops, what will that do to the spread? Why not use a put option instead of a short?

Investing seems so confusing. It sounded like what investors on TV and in the movies sound like. What most people call investing is not really investing. People are all talking about diferent things, yet they often think they are talking about the same thing. Diferent People Invest in Diferent hings Rich dad explained some of the diferences in value.

A large extended family is a way to ensure care for the parents in their old age. In America, about 45 percent of the population owns shares in companies. Put all your eggs in one basket and watch that basket closely. It will crash in the next six weeks. Why am I always late to the party? Why does that happen? Look at your appliances. You receive your electricity from a utility company that people invest in.

All of these things are there because someone invested in the business that delivers you the things that make life civilized. Mental-Attitude Quiz Investing is a vast subject with many diferent people having as many diferent opinions. Do you realize that investing means diferent things to diferent people?

Do you realize that no one person can know all there is to know about the subject of investing? Do you realize that one person may say an investment is good and another person may say the same investment is bad, and that both could have valid points?

Are you willing to keep an open mind to the subject of investing and listen to diferent points of view on the subject? Are you now aware that focusing on speciic products and procedures may not necessarily be investing? Do you realize that an investment product that is good for one person may not be good for you? What do you recommend I invest in?

A call came in from a listener wanting some investment advice. I have a good job, but I have no money. My mother has a house with a lot of equity in it. She said she would let me borrow some of the equity so I could begin investing. What do you think I should invest in? Should it be stocks or real estate? I want to know if you think the real estate market is better or the stock market.

So I have money. I just want to know which market you think is better, the stock market or the real estate market. I thought you were an investor. And leave my mother out of this. All I want is investment advice, not personal advice. A single person may not need a large nine-passenger station wagon, but a family with ive kids would need one. And a farmer would rather have a pickup truck than a two-seater sports car. I was beginning to understand. Obviously, you know that for the irst leg of your trip, a bicycle or car will not do.

If you have a lot of time and really want to see the country, then walking or riding a bike would be the best. Not only that, you will be much healthier at the end of the trip. But if you need to be in New York tomorrow, then obviously lying from Hawaii to New York is your best and only choice if you want to make it on time. Is that what you are saying? Rich dad nodded. But trading is not investing. A person trading stocks is not much diferent than a person who buys a house, ixes it up, and sells it for a higher proit.

One trades stocks. In reality, trading is centuries old. Camels carried exotic wares across the desert to consumers in Europe. So a retailer is also a trader in a sense. And trading is a profession. But it is not what I call investing. Yet I want to do my best to reduce the confusion around this subject of investing.

More are being created every day because so many people have so many diferent needs. When people are not clear on their own personal inancial plans, all these diferent products and procedures become overwhelming and confusing. Rich dad used the wheelbarrow as his vehicle of choice when describing many investors. For example, a person may invest only in stocks or a person may invest only in real estate. It hauls a lot of cash around, but it is still a wheelbarrow.

A true investor does not become attached to the vehicles or the procedures. A true investor has a plan and has multiple options for diferent investment vehicles and procedures. All a true investor wants to do is get from point A to point B safely and within a desired time frame.

I just want to use them. I just want to get from where I am to where I am going. When I land at the airport, I want to use the taxi to get from the airport to my hotel. Once I arrive at the hotel, the porter uses a handcart to move my bags from the curb to the room. So they look for investments they like and fail to put together a plan.

I know people who invest only in stocks as well as people who invest only in real estate. So even though they may make a lot of money buying, holding, and selling investment products, that money may not take them to where they want to go. Always remember that investing is a plan—not a product or procedure. Could you imagine what could happen if someone just called in some people and began to build a house without a plan? Rich dad guided me in writing out inancial plans. It was not necessarily an easy process, nor did it make sense at irst.

But after a while, I became very clear on where I was inancially, and where I wanted to go. Once I knew that, the planning process became easier. In other words, for me, the hardest part was iguring out what I wanted. Are you willing to invest the time to ind out where you are inancially today and where you want to be inancially, and are you willing to spell out how you plan to get there?

In addition, always remember that a plan is not really a plan until it is in writing and you can show it to someone else. Are you willing to meet with at least one inancial professional and ind out how his or her services may help you with your long-term investment plans? How can you say that? I hear it all the time. Why do you ask? In fact, in many cases, what it takes is free. Instead, as the lesson on investing ended, he gave me an assignment. All through the dinner, I want you to pay careful attention to the speciic words he uses.

After you hear his words, begin to pay attention to the message his words are sending. Yet he was a irm believer in experience irst and lesson second. So I called my dad and set up a date for dinner at his favorite restaurant. About a week later, rich dad and I met again. Over and over again. My dad has the vocabulary of a schoolteacher.

It takes words. All a person needs to do to become richer is increase his or her inancial vocabulary. And the best news is that most words are free. I did some research and found out that there are approximately 1 million words in the English language. If people want to begin increasing their inancial success, it begins with increasing their vocabulary in a certain subject. For example, when I was investing in small real estate deals such as single-family rental properties, my vocabulary increased in that subject area.

When I shifted to investing in private companies, my vocabulary had to increase before I felt comfortable investing in such companies. In school, lawyers learn the vocabulary of law, medical doctors learn the vocabulary of medicine, and teachers learn the vocabulary of teachers.

If a person leaves school without learning the vocabulary of investing, inance, money, accounting, corporate law, and taxation, it is diicult to feel comfortable as an investor. In all our games, players quickly learn the relationships behind the words of accounting, business, and investing. By repeatedly playing the games, the players learn the true deinition of such misused words as asset and liability. And always remember that one of the fundamental diferences between a rich person and a poor person is his or her words—and words are free.

And often these expenses—such as full-time nursing-home care when they are very old, if they are lucky enough to become very old—are large. I have a retirement and medical plan from my work. A inancial plan is important before someone begins to invest because it needs to take into consideration many diferent inancial needs. Many of these often large and pressing needs can be provided for by investing in products other than stocks and bonds or real estate—such as insurance products and diferent investment vehicles.

At least in the Industrial Age, a company and the government did provide some inancial aid for a person after his or her working days were over. It is imperative that our schools begin to teach young people to invest for their long-term health and inancial well-being. If we do not, we will have a massive socioeconomic time bomb on our hands. First, ask yourself if you are planning to be rich or if you are planning to be poor. If you are planning to be poor, the older you get, the more diicult you will ind the inancial world.

If you knew what being old felt like, you would plan your inancial life diferently. When I say this to my classes, most of my students nod in agreement. No one disagrees on the importance of planning. Realizing that most people agreed that they needed to write a inancial plan but that few were going to actually take the time to do it, I decided to do something about it. About an hour before lunch in one of these classes, I found a cotton clothesline and cut it into diferent lengths.

I asked the students to take one piece of line and tie each end around one of their ankles, much like one would hobble a horse. One of the students asked if this was a new form of torture. A few were getting the picture. For the next two hours, they struggled to slice their bread, stack their sandwiches, make their salads, mix their drinks, sit, eat, and clean up. Naturally, many also needed to go to the rest room during the two hours. When the two hours were up, I asked them if they wanted to take a few minutes to write out a inancial plan for their life.

Planning up to retirement is not enough. You need to plan far beyond retirement. Are you planning to be rich, or are you planning to be poor? Are you willing to pay more attention to your deep, often silent, thoughts? Are you willing to invest time to increase your inancial vocabulary?

Simply ind a inancial word, look it up in the dictionary, ind more than one deinition for the word, and make ax mental note to use the word in a sentence that week. Rich dad was a stickler for words. Even though they do not lose money, they simply fail to make money.

Yet they consider themselves investors. To rich dad, that was not investing. I remember watching a program where Warren Bufett was being interviewed. In fact, his investing was actually done far away from all the noise and promotion of stock promoters and people who make money from so-called investment news. Investing Is Not What Most People hink Years ago, rich dad explained to me that investing is not what most people think it is. Many people think investing involves a lot of risk, luck, timing, and hot tips.

Some realize they know little about this mysterious subject of investing, so they entrust their faith and money to someone they hope knows more than they do. Many other so-called investors want to prove they know more than other people—so they invest, hoping to prove that they can outsmart the market. But while many people think this is investing, that is not what investing means to me. To me, investing is a plan—often a dull, boring, and almost mechanical process of getting rich.

But for me, investing is as simple and boring as following a recipe to bake bread. Personally, I hate risk. I just want to be rich. How can so few people become rich in a country that was founded on the idea that each of us has the opportunity to become rich?

I wanted to be rich. I had no money. So to me, it was just common sense to ind a plan or recipe to be rich and follow it. Why try to make up your own plan when someone else has already shown you the way? So they stop following the plan and then they look for a magic way to get rich quick.

And pdf rich investing silver gold to dad guide merge in exchange rates of the ruble forex

Rich Dad's Guide To Investing Robert T Kiyosaki Full Audio Book Part 1

Where, when, and how to invest your money and realize maximum returns, no matter what the economy's state; Essential advice on avoiding the middleman and taking. The Advanced Guide to Investing Gold and Silver tells readers: The essential history of economic cycles that make gold and silver the ultimate monetary standard. Download Guide to Investing in Gold and Silver-Mike Maloney PDF. Rich Dad's Guide to Investing What the Rich Invest In that the Poor and.