Conspiracy of the Rich
June 23, 2009 7:27pm CST
I've been reading this book for few days already. I have read the first 3 chapters. All I can say is, it really is an eye opener!!! I really didn't know the rules of money and how money evolved into currency. I also learned why "saving money" is the worst advice you can give to a person who wants to have money on his or her retirement. The book was written by Robert Kiyosaki and is not yet published. You can read the book online for free so grab the opportunity to read the book while it's free. Though it's free, I'm still going to buy a copy once this book gets published. I'm really really grateful that a Kiyosaki is very very generous in sharing his priceless advices to us. Without him, I still would think that my house is an asset (It's actually a liability). To read more about the book, just visit his website at http://www.conspiracyoftherich.com/.
24 Jun 09
If you are saving money so that you could use it to invest or buy "assets" then that's good. But if you are saving money so that you could have something in the future when you retire, then that's not a good idea. Try to imagine this, for example you have a savings in the bank for about 40,000 dollars. In 20 years, your 40,000 dollars are no longer worth 40,000 dollars 20 years ago. It's simply because, dollar's value gets lower and lower. Your 40,000 might be big value today but 20 years from now, it might only support you for a few months because of inflation, tax and debt.