I sort of got sidetracked this morning reading Robert Kiyosaki’s latest book project “The Conspiracy of the Rich: 8 New Rules of Money”.
I have to say I am still in shock sort of. No one taught me anything about money ever. It wasn’t talked about in schools or at home. I have struggled most of my life around money and yes that is why I do write about it so much. I am coming out of my moneyless bubble as Steve Capellini calls it , but it hasn’t been easy.
The Conspiracy of the Rich gave me a sigh of relief in some ways. His first chapter is “Can Obama Save Us?” The answer is the question should be “how can you save yourself”. What is happening in the economy is a result of many bad decisions on the part of our government. He explains it more in the book but a few of the things that shocked me are:
- learning that the Federal Reserve isn’t Federal (not government owned), isn’t a Reserve and isn’t a Bank. It is run by the most powerful men in the world.
- George W wasn’t the first to bail out banks. His father George HW was in 1987 when he bailed out the Savings an Loan for $66 Billion. Both times they said that they wouldn’t have to do it again because they were fixing the problem.
- Schools do not teach the fundamental of money for a reason – to keep people under control.
- the idea that money is not important is an obsolete idea.
- The market is not going to recover from this. The market is gone and has moved on. It is time we do too.
- the Great Depression wasn’t over until 1954 when the Dow came back to what it previously was.
- The internet is changing the way people make money. It is part of what Buckminster Fuller called “the world of the invisible”
- the old system of go to school, get a job, work hard, buy a house going into debt, invest for the long term, retire and get Social security is no longer working.
- Cash Flow is more important than Capital Gains. Everyone who was saving and investing for capital gains are the people who lost most of their money. Investing for cash flow is what you should focus on.
That is just a few of the things that sent my head spinning and thinking today but I know I am on the right track by creating multiple streams of income through my many websites and you can too.
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I have not read the book, but have done enough research on these subjects that I am already aware of what you are saying here. I too, have made the decision to bring in multiple streams of income to protect myself. After I get comfortable with the self publishing, self-promotion, public exposure phase of “The Magic Touch” and learn everything there is to learn about the process, I will be writing a book titled “Rubs to Riches”. It will detail how anyone can do what I am doing currently, to protect themselves economically.
Working with some of the “most powerful people in the world” has allowed me to hear everything you just read from the horse’s mouth. The internet has opened up an entire way to get around the wealth distribution divide in this country. However, a battle over who controls the internet goes on everyday. If the big guys control the internet, there will be no more passive income streams. “Net neutrality” and the fight for it should be the number one cause people fight for right now, yet few know what it is.