…Money Is Created Out of Debt…What An Ingenious Scam
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From the category archives:
SV Financial Mentors
Everyone aims to achieve financial freedom. Whether you’re a student starting out in your first job, or a person set on retiring from work life, that is a constant aspiration which everyone aims towards achieving. The need to be free from financial worries has been one of things in current contemporary times that is very much like the personal holy grail of the everyday man.
Unfortunately, the recent financial crisis has shattered some dreams of people who plan to retire and be financially free. At the same time what we see here is also the jarring fact that a lot of people around the world are financially illiterate, and constantly buying into schemes promising safe returns, yet not seeing this fulfilled. Hence, in this uncertain times, having some measure of financial intelligence would allow us to survive these daunting times. Some of these lessons are things I’ve learned from the game Cashflow 101, and these are things I wish to share here.
1) Invest not for capital gains, but largely to increase cashflow.
One of the first things I’ve realised when playing cash flow is that, the only way you can get out of the purported Rat Race is that you must invest for cashflow and not always for capital gains. the term Cashflow is self explanatory to everyone. Capital Gains basically means the profit you’ll earn when the price of a property or security will increase. Sure you may need to invest in capital gains opportunities to generate cash for your other more lucrative investments, but never forget that increasing your amount of passive income or cashflow is the ultimate goal in getting out of the rat race.
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The Official Rich Dad CASHFLOW Club London is a club that meets at least twice a month to learn from the teachings of Robert Kiyosaki and the Rich Dad Company.
Have you read the book Rich Dad Poor Dad, by best selling author Robert Kiyosaki? Did it have an impact on your life? In Rich Dad Poor Dad, Robert describes how people can manage their money in a way that can enable them to escape the rat race and become financially free. Robert also mentions how he and his wife, Kim, created a board game called CASHFLOW, which simulates real life investing and money management.
The CASHFLOW board game not only provides you with knowledge about investment opportunity sets and how to invest in them, but also allows people to understand what their real life attitudes towards money and risk are; and teaches players about their current mindset too.
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Every so often, venture capitalist Larry Cheng puts out a list of the top VC blogs. Previously, he ranked the blogs by how many subscribers they have on Google Reader. But now he’s changed his methodology and is ranking them by average monthly unique visitors, based on Compete data. He just came out with his new global ranking for the fourth quarter of 2009. Below are the top ten blogs from that list.
Cheng is a managing partner at Volition Capital, which was Fidelity Ventures until it was spun off on Monday. His own blog, Thinking About Thinking, ranks No. 12.
The List: Top 10 Venture Capitalist Blogs based on Average Monthly Unique Visitors for the 4th quarter of 2009
- Fred Wilson, Union Square Ventures, A VC
(100,279) - Guy Kawasaki, Garage Technology Ventures, How To Change The World (82,838)
- Paul Graham, YCombinator, Essays (71,924)
- Brad Feld, Foundry Group, Feld Thoughts (45,633)
- Mark Suster, GRP Partners, Both Sides of the Table (39,389)
- Bill Gurley, Benchmark Capital, Above The Crowd (23,084)
- Dave McClure, Founders Fund, Master of 500 Hats (21,462)
- Josh Kopelman, First Round Capital, Redeye VC (12,972)
- Bijan Sabet, Spark Capital, Bijan Sabet (12,451)
- Jeremy Liew, Lightspeed Ventures Partners, LSVP (12,097)
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Add to your book library NOW!
Why We Want You To Be Rich
Two men, one message… two men with different backgrounds, different experiences and different perspectives who are both passionate about education.
Both authors are successful financially, and both are bestselling authors who could easily have written separate books. They chose to join forces to offer two voices on a subject that they believe is at the heart of the future of our world.
With this new book, the age-old saying of: “Give a man a fish, and you feed him for a day. Teach him to fish, and you feed him for a lifetime,” is explored as Trump and Kiyosaki teach you what they believe you need to know to be rich.
Click here to preview or buy: Why We Want You to Be Rich
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If your finances are running a ring around you. Get a grip and contact Ablestoke Financing!
Are any of the questions below on your list? if so … contact them now for further advice, they come highly recommended!
- I’m 42 and don’t have a pension. Is it too late?
- Do I really need to write a proper will? I’ve heard that a hand-written note will do.
- I’m up to my eyes in debt. What can I do?
- I’m really fed up with the poor interest rate on my account at the bank. I don’t really understand the stock market. Are there any alternatives?
- I’m worried that my mortgage company is charging me through the nose now my fixed rate has stopped. What should I do?
- My insurance company wrote to me ages ago telling me that my endowment was up the spout. I ignored the letter. Am I stuffed?
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Comes Highly Reccommended!
I the blogger do solemly swear that I highly recommend the company below for their expertise and financial planning. They have over 20 years experience in the financial indusry!
I’ve taken an extract from their website which nicely sums up what they do. Make sure you give them a call!
What is right for you…
Here is an outline guide to everything they offer, to both the individual and to the small to medium business owner.
“For the individual: the best way to plan your finances and create wealth may seem like a labyrinth – especially when you are starting out. From among all the financial products and services, some may be right for you, others not. We want you to know with certainty what each product is about – and we will spend as much time as you need discussing the benefits, downsides and risks in detail.
For the small to medium business owner: many of our products and services will be right for you as individuals. But, in addition, we will create packages to help you grow your business, protect your shareholding and key employee expertise, and deliver employee benefits such as wellness and occupational health programmes.
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