Thursday, June 18, 2009

Stories untold behind the current financial crisis

Just a few weeks ago, I attended a workshop conducted by Robert Kiyosaki.

He pointed out a few points on why the current econ crisis happened:

1. since year 1971, USD has become a currency, not money; and enter the new Capitalism Era
2. the USA is crazily printing USD in quadrillion a year to cover the debt

To be able to weather the current econ crisis and the bigger one to come in another 2 years, he suggested:

a. create cash flow income from investment instead of gambling for capital gain from investment
b. save money in term of gold and silver (especially silver), not cash

Also, Kiyosaki sentimenally commented
the lack of financial education in school and
poor financial IQ of the general public
are going to worsen the suffering in these financial turmoils.

To understand more about
the current econ crisis,
how to invest and
the keys to higher financial IQ,

check out this very good book by Kiyosaki:

Increase Your Financial IQ


No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...