2009 May | Home Internet Businesses Blog

May, 2009

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29
May 09

The Conspiracy Against Our Money – The Bank Never Goes Broke

Hi welcome back, glad you found the Blog interesting enough to come back, if you subscribed to my RSS that way you will get told when I post straight away. Andrew Peel

This is the second in a series of posts covering the new online collaboration by Robert Kiyosaki, The Conspiracy of The Rich . The title of this post comes from the rules of Monopoly, “If the Bank runs out of money, it may issue as much more as may be needed by merely writing on any ordinary piece of paper”.

He states that we are coming out of the biggest boom in history but one that was based on debt, not money, by inflation not production; by borrowing not working. From 1971 central Bankers were allowed to create money by printing it. In the Information Age the situtation is even worse because trillions of dollars, pounds, euros etc are created digitally.

In 2004 the SEC allowed the top five Banks to print as much money as they needed by dissolving the need to have a ratio of 12 to 1. The 12 to 1 ratio meant banks had to have $1 to every $12 they loaned.

This leads Robert to come up with his Second New Rule for Money - Learn How To Use Debt

He says that we are taught debt is evil and we should avoid it. He points out this is not the case and and there is good debt and bad debt. Good debt is where you borrow say for a property and you rent it out for more than the cost of the loan payments. Bad debt is credit card debt where you get into debt to buy something you want not need and then end up paying more for it than if you had saved for it.

Paradoxically Robert says the only way out of the current downturn is if people start incurring more debt and this in turn will allow the banks to lend to one another and get the economy going. The crucial thing is to avoid getting into bad debt and only incur good debt where possible. This explains the term “toxic debt” it’s money the banks should never have loaned but the rich were too greedy to see it. Note Robert uses the terms rich and wealthy. A rich person has money and only knows how to spend it or invest following other peoples advice usually in a herd mentality. Hence “runs” on banks and stocks etc. A wealthy person has high value assets that can be liquidated if needed but that are protected largely from the stock market and inflation. An excellent source on this is, The Great Wall Street Scandal, by Raymond L. Dirks which is the inside story of the Equity Funding hoax, the most monumental money swindle of modern times. He basically proves you would do better to have a “tracker” fund that simply followed say the FTSE100 and over time it will outperform any managed equity fund where the management charges are deducted from your returns. Whereas in a tracker the charges are minimal because all that is happening is the fund is made up proportionately of the FTSE100 companies so is not actively managed.

This is why I am a Wealth Masters International consultant. because I directly sell products that make up for this deficit in financial education and if followed properly can get you bad debt free within 5 years. In addition it also allows you to set up a part-time or full-time business working from home and eventually becoming financially independent. If you would like to know more about achieving this then click here.

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28
May 09

The Conspiracy of The Rich – The Biggest Lies About Money

This is the second post reviewing Robert Kiyosaki’s new collaborative online work – The Conspiracy of the Rich – this post is a review of Chapter 2 The Conspiracy Against Our Education. He says he was suspicious of the education system from the 4th grade, in other words he wondered at the age of nine why going to school and being well educated had not made his parents rich.

The issue is that schools are not set up to creat entrepreneurs. They are created on principles inherited from the Industrial Age where the aim was to turn out people who would have the skills to go to work for the corporations etc. He says we are taught how to work for the rich, shop at the stores of the rich and borrow money from the rich and banks plus invest in the businesses of the rich but not how to be rich.

This is backed by the fact that most successful entrepreneurs are not highly educated but are highly intelligent and have a sixth sense about how to select people to be in their Mastermind Group etc. In 1983 he read, Buckminster Fuller’s, Grunch of the Giants . He say’s you may not believe there is a conspiracy to keep us financially ignorant but without doubt our schools get an F Grade for teaching financial education.

By not having financial education you are exchanging freedom for money. The following is a direct quote from the book that really makes you stop and think:

“Keeping people ignorant about money is evil because many people do evil things for money, such as work for a job they do not like, work for people they do not respect, marry people they do not love, and expect something else - like their family or the government – to take care of them when they are capable of taking care of themselves.”

He says the idea that is still peddled that money is not important is obsolete because mankind has gone through 4 ages:

Hunter Gatherer
Agrarian
The Industrial Age
The Information Age – which we are now in

So now we are in the Information Age, Financial Education is even more important. Why? Kiyosaki’s New Rule For Money No.1 states Knowledge is Money. This is because in the Information Age millions can be made and lost at the speed of light as the result of good or bad of information. He states that Financial Education gives us the power to translate the mass of information now available into meaning, this meaning gives us the ability to make our lives better.

This last paragraph is why you will find logos to opportunities in businesses to make a new meaning for your life and become financially free.

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28
May 09

Is China recession proof? – McKinsey Quarterly Discussion

China’s economy has demonstrated remarkable resilience in the midst of a worldwide slump. How has the country coped with the financial crisis? Is China finally emerging as an engine of global demand? Can its economy generate enough new jobs to maintain social stability? What will drive future growth? How should foreign firms in China adapt? In this interview, conducted by McKinsey’s Janamitra Devan in March 2009 in Beijing, four distinguished members of the McKinsey Council on China Business Economists explore these questions. Watch the video below.

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26
May 09

The Conspiracy of The Rich – The Root of All Evil

You will have noticed a banner advertisement to Robert Kiyosaki’s latest work – The Conspiracy of The Rich The 8 New Rules of Money. The banner is not their because I am an affiliate but because I believe in what Robert is doing and I have been a fan of his ever since Rich Dad Poor Dad.

What’s unique about this work is that a) he is writing each chapter in pseudo draft and publishing it on the internet and then asking readers to comment, he then amends it inline with the feedback and b) this is one of the richest men in the world saying the rich have conspired deliberately to keep us from earning our full potential.

I thoroughly recommend you visit www.theconspiracyoftherich.com and register, it’s free and it allows you free full access to the Chapters he has written so far.

This post is a review of the Introduction which when I first read it I thought was truly shocking. All the more so because it was written by a self made man and not a particularly left wing person with no experience of being rich or being an entrepreneur. So when Robert Kiyosaki calls something a conspiracy you better listen for your financial health.

He starts the book off with the following sentence, “Is the love of money the root of all evil? Or is the ignorance of money the root of all evil?” His argument, and I agree which is why I am a Financial and Wealth Education Consultant, is that it is irresponsible of all governments to leave financial education out of the school curriculum. He actually uses the words, “cruel and unconscionable”, strong stuff.

His point is valid whether you are going to set up in business or enter paid employment, the impact of money on our daily lives is so huge it is an essential skill everyone needs to acquire. We are not talking everyone becoming Accountants but we are talking about educating people to effectively manage their money and and any investments they have.

The classic quote of Kiyosaki’s I love is the question he always poses, “Is your house an asset or a liability?” Nearly everyone answers an asset, when actually it’s a liability – this has Accountants and Bankers jumping off ledges. The reason is it does not provide you with any income. Even if you own it outright you still have maintenance and property tax to pay. So it’s a drain on your income, hence a liability.

He traces the current problems back to when President Nixon changed the rules of money. Without approval from Congress he took the dollar off the Gold Standard in 1971. The decision was made over a two day meeting at Minot Island in Maine , without consulting the State Department or the International Monetary System.

So why did Nixon change the rules? Well essentially it was because of the Vietnam War. Other currencies no longer had any confidence in the dollar because of the rate at which it was being printed. It could not be backed up by the US Gold Reserves. By freeing the link between gold and the dollar Nixon made it illegal to directly exchange dollars for gold.

Due to the change inflation took off and more dollars were printed each decade. The value of the dollar decreased and the prices of goods and assets went up. Overnight millionaires were made because house prices just kept climbing. People were getting credit cards in the post. To pay off their credit card bill they used their homes and then repeated the process. This was on the received wisdom house prices always go up.

The real culprit crept in in 2007 – the sub prime borrower – this is someone who borrowed money to buy a house who could not afford it. At first it was thought only the financially foolish were doing this but this was not the case. Basically banks were getting greedy and ignoring normal risk management and allowing themselves to get into a position where they had too much debt and not enough cash.

Governments around the world could not afford to let the banking system fail so a new term stared being used – bailout. Millions of people were devastated by this is real terms, savings wiped out, retirement funds wiped out and college funds gone. Even California which if it were a country would have had the sixth biggest economy in the world resorted to issuing IOUs instead of cheques to lawmakers because it was going broke.

I will finish off today’s post in a series on the 8 new rules of money by saying this is not some fringe idea that has come to Robert. It is based on his reading a book by Buckminster Fuller in 1983 called, Grunch of Giants. Grunch stands for Gross Universal Cash Heist. The book explains how the super rich and the powerful have been stealing from and exploiting people for centuries. Robert says that back then he could see the current downturn happening he just did not know when. He credits the book with enabling him to invest well in spite of the current economic climate. He said it wanted to make him, study, “the subject of how the rich and powerful exploit the rest of us – legally.”

The reason I believe the main part of my business is so worthwhle is because it teaches people precisely the financial education skills they need and allows them to set up a business selling products that teach people these skills. If you are interested in exploring the opportunity of providing financial education and at the same time investing in your own business then click on the black logo on the side called “entrepreneurs wanted”. It costs nothing to find out more and if this sounds like something you beieve you can do and improve both your own liveliehood and that of others feel free to click on the logo. More from Robert’s 8 New Rules of Money the rest of this week.

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16
May 09

How ‘animal spirits’ destabilize economies

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15
May 09

How To Double Your Productive Hours is Any Day

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13
May 09

Your Golden Opportunity Has Arrived

If you don’t do anything else today make sure you visit http://www.apeelsolutions.info for a once in a lifetime opportunity. Bob Proctor is behind this and has anyone who seen The Secret of which I am a massive fan will know he does not endorse just anything.

This is a groundbreaking save and earn opportunity there are worldwide conference calls make sure you click on the video of Bob Proctor in the corner and see how to access the free seminars. There is literally one in all parts of the world.

You will be truly financially empowered when you take this opportunity.

Andrew Peel
APeel Solutions
http://www.apeelsolutions.info
I will see you on the UK call

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11
May 09

Tips on How to Write Great Blogs

The internet brings a lot of things to do for a lot of people. Thanks to the internet, people from different parts of the world can now be able to communicate and interact with each. One way to reach out to people is through blogs. In fact, blogging brings fame and can let you earn extra cash if you’re good enough.

Blogging was originally created as an online journal or diary where people are able to express their feelings and let other people know about it through the internet. Today, blogging is considered to be one of the most popular ways for people to interact with each other and share their point of view about different kinds of things.

From life experiences, to trying a particular product, blogging can definitely make you famous.

So, how can you become famous through blogging and how can you take advantage of your blogging website so that it can generate you some extra cash?

First of all, you have to remember that blogging is all about writing. It’s like writing a novel where you need to get people hooked into reading it. The great thing about blogging is that once people like what they read, they will often recommend it to their friends and so on. This is how you basically get famous through blogging.

You can also try posting in forums and on article publishing websites where at the end of each post, you will put in a link to the website where your blogs can be accessed.

Once you get loyal readers, you can start earning some cash. Depending on the subject of your blogs, you can become an affiliate marketer where you will include links of affiliate companies in your blogs. You can also make money by selling merchandises. For example, T-shirts, coffee cups, etc.

In order to become famous, you need to write blogs that people will want to read. If you are going to talk about your life experiences, focus on one subject. For example, if you love the outdoors, try writing your experiences about it and don’t be afraid to bend reality and fiction. You can always mix both. It is also a good idea to mix in some sarcastic humor that people will surely love reading even if they get a bit offended.

The key to writing good blogs is by getting people’s attention on the first sentence. Once you get their attention, then the rest of the blog you write should be able to keep them reading. Never go from one subject to another. When writing blogs, you need to be consistent and everything you write should be relevant.

Once you get people to read your blogs and if they really like what they read, they will often recommend it to their friends. All you need to do is sit back and watch it spread like wild fire. However, you have to remember that once you get loyal readers, they will keep on demanding more from you. Try to update your blog site daily in order for you to keep your readers loyal and excited.

As you can see, blogging brings fame. If you want to be known in the internet, then blogging is the best way to get people’s attention. However, you should always remember that one should write good blogs in order for it to last.

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8
May 09

Blogging Brings Fame: The Easiest Way to Become an Internet Sensation and Also Earn Some Extra Cash

Do you want to be famous? If you do, then you have to consider that Hollywood isn’t the only way for you to become famous. Today, thanks to the internet, a lot of people have gotten their share of fame. Some make hilarious videos and post it in websites, while others write blogs. Indeed, you have to consider that blogging brings fame. In fact, there are already quite a few people who became famous because of their blogs. Some have stirred up a hornet’s nest where people who read the blog supported or hated the writer, some also wrote about controversial issues, and there are also others who became famous just because of writing about their interesting life.

Some people who became famous as bloggers are now earning some money because of it. Some started getting affiliate marketing programs; some sold some of their products using their blogging website; while there are also others who just asked money from their readers.

As you can see, aside from becoming famous just for writing blogs, you can also earn some extra cash from it. So, if you want to start paving your road for blogging fame, here are some of the things that you should know about blogging.

First, you have to remember that blogging is all about writing. By being a good writer, you will be able to get people to visit your blog site and read your blogs. A good writer can also catch a person’s attention through the title of their blog as well as the first sentence of the blog. However, a great writer is a person who does all these things and leaves the reader wanting for more.

Your aim here is to become a great writer. By having loyal readers, you can be sure that you will become famous and really become an internet sensation.

After a week, try checking your blog again and see what people think about it. Try to see how many visitors you got. If you think that you have enough visitors each day, and that the readers loved what they read, then it’s time for you to make another blog. Continue doing this for a month or so and you will surely gain more and more readers each day and achieve fame and success.

After getting a lot of loyal readers, it’s now time for you to make a little bit of cash from your blog. First, you can try affiliate programs. Or, if you don’t want advertising in your blog site, you can also try selling some of your stuff that you don’t want anymore or if you have a crafting hobby, you can simply sell the products you make. Lastly, you can always ask your loyal readers for some cash. However, don’t try forcing them to give you some cash and it is important that you should never always ask for money.

These are the things that you can do if you become famous for writing blogs.

As you can see, fame isn’t the only thing that blogging can bring. Also, it will be able to give you a chance to earn some extra cash. So, the next time you want to become famous, try blogging. You can be sure that blogging will bring you fame as well as give you a chance to earn a little bit of cash.