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Now this is a topic that I love and at the same time it absolutely scares the crap out of me.

We have been taught forever that saving money is a smart thing to do.  Save, save, save for the future.  BUT, is this really a prudent thing to do?

Well, if you are saving real money (that is silver and gold) then the answer is YES.  But if you are saving our beloved currency, the printed dollar, then you might want to think again.

Check out the latest of the Shooting the Sacred Cows of Money video here…

To your success,

It all depends on what it is you’re working for. If you are working to acquire assets (things that put money in your pocket whether you are working or not) then yes, if working harder allows you to acquire more assets it does get you more. However, if you are only working for money, then all you get if you work harder is more money, which is temporary.

Do you realize that an employee has to work harder and longer today to make less money than ten years ago? It’s true when you factor in inflation. Just look at the value of an ounce of gold. In 2000 an ounce of gold was valued at roughly $270. Today it is just shy of $1200. Has gold become more rare? Has its value to us really more than quadrupled? Or is it just that it takes more money to buy an ounce today because our money is worth a whole lot less?

Check out what Robert Kiyosaki and his advisers thoughts are on this subject:

To your success,

This is an interesting video. It is the second installment in Robert Kiyosaki’s video series Shooting the Sacred Cows of Money.

There are some very interesting topics covered relating to who pays the highest taxes (by percentage) and how outsourcing has really created a tough situation for local job seekers.  One point that I found rather interesting was when a speaker on the panel called “having a job” the riskiest profession because you only have one client, your company.  If they decide they no longer need your services, than that’s it, you’re out.  But, if you are a business owner and have multiple customers, if one decides to leave…yes it might have an impact but there are still others that will remain.

Here’s the video.  Hope you enjoy…

Make it a great day!

To your success,

There are two basic types of education that should be taught in school, Academic (reading, writing, arithmetic, etc.) and Financial (how money and the world work). Unfortunately our school system is doing a disservice to society by only including Academic Education in it’s curriculum.

In 2008 I actually wrote and article titled “The Great American Tragedy” that highlights my thoughts on the shortcomings of today’s education system. Click here to read that article.

I believe that the lack of Financial Education is a major contributor behind the financial crisis we are finding ourselves in today and I think that Financial Education should must be taught.  I am not the only one…  Check out the first video in Robert Kiyosaki’s new series, Shooting the Sacred Cows of Money:

Enjoy!

To your success,

Being uncertain about a decision, especially a monumental decision, can be crippling and leave a person questioning their entire existence.  I know that sounds a bit harsh but it’s true.

The absolute worst place you can be when you’ve got a decision to make is to be hanging out on the fence.  Why is that?  Simple – because absolutely nothing gets accomplished when you’re riding the fence.  There’s no chance of moving forward and you might as well be moving backwards because staying put and watching the world go by might as well be the same thing.

Andrew Carnegie (yes, that Andrew Carnegie – the American Industrialist who revolutionized business) believed that you should be able to make a decision immediately once you had the necessary information about that decision.  If you had the info and sat on the fence, then you just weren’t the right person to be making that decision.

I think most people probably agree with that philosophy, at least to some extent.  But the problem comes in people’s perception of what constitutes having the “necessary information”.  This is a common trap and the result is that most people will hang on that fence in “analysis paralysis” or simply always feeling like they need more information to substantiate the decision.  They literally become trapped and are incapable of making the decision.

Nobody said making a decision was easy, especially not one that could impact your life.  The bottom line is this, successful people make the decisions and put themselves in action.  Yes, the decision might not be right and they may fail.  It could happen.  BUT, they might be right, in fact they’d probably be right and just the fact of them making the decision with confidence and acting accordingly will give them the proverbial upper hand, the edge.

All successful people have made a bad decision and failed but they learned from it and kept going.  The key is to remain in action and not let those fence posts be a pain in your ass.

The next time you have a decision to make, make it and get into action!

To your success,