Saturday, January 16, 2010

Where else do I get my information?

Besides Robert Kiyosaki there are people like Dr Dolf de Roos who has a PHd in engineering from Canterbury University here in NZ, but has never worked a day in his life. In fact when he first started at Unviversity he realized that having academic qualifications did not  mean you would be rich.

An interesting Character who has at different times being an advisor to Robert Kiyosaki & Donald Trump (presents in Trumps University course on investing). He is responsible for many of the car ports here in Christchurch being added in the 1970s.

Others I have read or listened too are books on Warren Buffett, a book by Buckmaister Fuller called "Grunch of the Giants", also books by & on Sir Richard Branson & a number of others.

Also from Optionentics for my options trading. A good part of this is the software. Though I haven't made a great amount & still learning, the software does give you up to date financial news often of the type that the general public don't see. For example the collpase of Icelands banks were on there four days before a small clipping in the local newspaper & a full two weeks before an article on it. It was deliberately kept quiet as possible for the fear that the worlds economies would collapse.

I also get several emails from various sources with updates again with information that is not readily available to the general public.

That is the point. Once you start to educate yourself you find there are sites both free & paid for from which you can get alsorts of information that most people are not aware off. It is up to you to become your own expert so you can sift through all the information & decide what is true.

It is also the point of Robert Kiyosakis latest book 'Conspiracy of the Rich' is don't fight them, but learn what they do & put yourself in a position to take adavantage of it as they are manipulating the worlds economies for their own benefit. Or as Mike Maloney says "there is about to happen the greatest transfer of wealth ever".

It is only rubbish if you do not want to educate yourself & prefer to carryon as most people will because it is easier that way.

What I write here is only my take on what information I am getting. It is up to the individual to see if it is backed up by facts. Most won't because as Robert Kiyosaki says "they are too lazy to want to look". Harsh, but true. A business owner here in Christchurch seeing what is happening has offered all his staff financial education each night after work. He has 80 staff, only 4 show up. For the rest it is too hard to try & change they way they think.

The same is happening with my blogs. This one on financial education is because I want to help people & get the message out there. But it gets very few hits, as one person said to me yesterday "I know it is coming, understand it but don't want to think about it.  Where as my security blog where I am just letting off steam due to my frustration with industry & NZ apathy to question of security is getting a lot more hits.

Or as they often say there are three types of people. Those who make things happen, those who ask whats happening? & those who say "what happened" the last being where most people would fit.

Most people would say that the recession is over but if you look at the information it is only the start of the depression. Alot of the information contradicts each other but one thing that is coming through. The next 24 months are likely to be the worst in modern history economically, but it is also the time of most opportunities. It is also likely that the middle class is about to be wiped out.

The next trick is you might make a lot of money but can you hold it. Many will have read "Think & Grow Rich" by Napoleon Hill & in there & the subsequent books they talk about someone (one of several) who uses their techniques & becomes wealthy. What they don't say is this one person spent the last five years of their life borrowing money & was broke when he died.

Just two days ago a good friend whom I play a lot in cash flow came around. He was saying his new career he has a lot of people making $200,000 a year, but if they loose their place they have nothing to keep them going. He has taken this job because it is an area he wants to excel in in investing. Has told his new boss that he only expects to be there a few years because of investments.

His boss has taken my mate under his wing because of all his staff with the flash cars etc this guy is the only one who understands what the boss is about. That he has an older vehicle is of no consequence & in fact shows he is on a different track to the rest.

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