The Conspiracy of The Richbook is written by Best-Selling author Robert Kiyosaki. There is so many financial facts provided in this 272 pages book. The author wrote this pamphlet online in serial basis during the recession 2008 to help people understand how the current recession started and what they should do to survive in this worldwide financial crisis. Have you ever wondered howcome some people grow to so wealthy and others struggle to make ends meet, this pamphlet is going to tell you regarding the 5 things that hold people poor and wealthy take advantage to grow to richer:-. In this book, Kiyosaki has explained new rules of money that conspirators use to increase their riches while the very similar to rules make other people poor.
Do you have knowledge of howcome you can be not wealthy even subsequent to spending so many years in schools and colleges to obtain higher education? due to the fact that your college did not teach you the financial education. Your college did not teach you how to manage your money, how to invest your money and how to make your money work for you?. This is the real conspiracy of Wealthy people they do not need you to learn financial education. Only the wealthy people have knowledge of the financial education. Kiyosaki is two of little people who are the master of financial education.
He has taken this responsibility to teach the financial curriculum that you do not learn in school. According to author, currently you do not need money to make money. You basically need financial curriculum and knowledge. In this pamphlet Kiyosaki uses many examples of money being created out of nothing – just by knowledge. Learn How To Use Debt.
Our college system teaches us that debt is bad and you should stay away from it but your college does not teach you that there exists 3 kinds of debt – Good Debt and Bad Debt. Bad debt takes tin cans for sale out of your pocket for example A credit card debt is bad debt whether you use it to buy depreciating things like cars, TV, electronic things or for vacations. Good debt puts money into your pocket for example A bank loan to buy a rental apartment that you should rent, is a good debt if the tenants place more money in your pocket each month than your monthly mortgage payment. Learn To Manage Cash Flow. You should learn how to manage your cash-flow.
Each month you can be earning money from your job or business; you own to track your expenses and locate out where your cash is flowing. Are you buying some assets or spending your hard-earned money to buy liabilities. You also should have knowledge of in which locations the jobs are flowing as the property rates in those regions shall rise dramatically and whether you can make business and buy rental property in those areas, you can achieve financial freedom sooner. You should have knowledge of in which assets people are investing their money if the stock market is crashing and prices of gold and silver are going up, you should ask the following questions and try to retrieve their answers. Why stocks and properties’ cost are going down?.
Where are people investing their money?. Are they investing their money in Gold and Silver?. Where should I invest my Money?. Get ready For The Bad Times And You Shall Only Have knowledge of Good Times. In the financial crisis like 2008, the money does not disappear from this world.
The recessions are the opportunities for little intelligent investors who have knowledge of that within the recessions, money transfers from one asset class to another. When the financial crisis like 2008 occurs, the central banks begin printing more money rapidly as it is doing now to obtain out of recession. By printing more money, the central government increases the inflation and with the inflation many assets leave up in cost for example gold, silver and oil. Rich who invest in gold, silver and oil during these recessions grow to richer and poor grow to poorer as the prices of consumer products also rise rapidly with the rising oil prices and inflation. Within the final little financial depressions, many people became wealthy.
To take advantage regarding the financial recessions like 2008 you own to know:. How people became wealthy within the past financial recessions?. What method did they use to survive or to grow to wealthier?. In which assets did they invest their money when the stock market crashed?. In the past people used to make selling and buying transactions regarding to barter system then government started printing money to make transactions many easier.
In the current economy, many people are creating thousands of dollars per day and many other are still working for $100 per day. How many are you earning per day?. Today an above college kid with technical and financial curriculum can begin online net business, have unlimited costumers and can earn many higher than a health related doctor who has more academic education. Final Thoughts On This Book. School does a good job to release you academic curriculum but the college system does not teach you financial curriculum that is very important to survive within the current economy.
You own to view this pamphlet whether you need to have knowledge of how the savers grow to losers and debtors grow to winner as the government print more money to increase inflation.
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