rat race

retire 早early ,retire 富裕rich 假如 you are out of rat race

zt:Robert Kiyosaki get rich , stay rich ,now is the time to position yourself for riches.

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Posted on Tuesday, May 27, 2008, 12:00AM I’ve been on television recently discussing the U.S. financial crisis. These shows often feature a panel of so-called financial experts who rarely agree with each other. The reason their advice is different is simply because each expert speaks to a different segment of the population.Giving Credit

For example, Suze Orman, Dave Ramsey, and Larry Winget speak to people who are deep in credit card debt. Their advice is excellent, direct, practical, and to the point. I should know — in the late 1970s, I was one of the debt-ridden people they’re speaking to. I was deeply in debt because my business was suffering and I was using credit cards to live on. Instead of paying off my credit card, I’d get a new credit card and use that one to pay off the old credit card. I, too, once used a home equity loan to invest in my business — and lost it all.

At my lowest point, I was nearly $700,000 in debt. One evening, I attempted to check into a motel in upstate New York and my credit card was declined. I slept in the car that night. Many people might say that this was a horrible experience, but that isn’t true — it was a wake-up call. It was clearly time to look in the mirror and face who I really was. I realized that if I wasn’t going to be tough on me, the world would take on the job.

Today, older and wiser, I have tremendous respect for the power of debt and the value of credit. Credit is another word for trustworthiness. I’m currently millions of dollars in debt, but it’s good debt invested in income-producing real estate. While millions of homeowners are threatened with foreclosure, my investment real estate is doing very well. In fact, I’m doing even better because more people are renting than buying.

The Strata of Financial Advice

If you’re deeply in debt like I was and want to get rich someday, I suggest you start by following the advice of Orman, Ramsey, and Winget. For a certain portion of the population, their advice is very rich indeed.

But there are other types of financial advice, some of it not nearly as beneficial. The lowest kind assures people that the government will take care of them. This is what the people who are counting on Social Security and Medicare have been led to believe. The problem is that the U.S. government is the biggest debtor in the world, and those depending on it to take care of them will only become poorer.

Another type of bad financial advice tells us to get a safe job, save money, live below our means, buy a house, get out of debt, and invest for the long term in a well-diversified portfolio of mutual funds. On those financial TV shows, I get into the most head-butting with the so-called financial experts who subscribe to this philosophy. That’s because, according to the Census Bureau, in 1999 the average U.S. income was $49,244. By 2006, the average income declined to $48,201. This means that U.S. workers haven’t had a pay raise for seven years. So much for the advice about getting a safe job — it’s the opposite of rich advice.

Diversify at Your Peril

Moreover, in January 2008 the Federal Reserve Board dropped the interest rate twice over a period of just eight days, by a record 1.25 percent. If my crystal ball is accurate, I expect another .5 percent drop sometime later this year. Savers are actually losers, then, because interest rates are low and inflation is high. So urging people to save money isn’t rich advice, either.

Finally, the S&P stood at 1,352.99 in March 2008, which is below its mark of 1,362.80 in April of 1999. So much for the advice of investing for the long term in a well-diversified portfolio of mutual funds — that’s also not rich advice.

Warren Buffett has said that diversification is for people who don’t know what they’re doing. And my rich dad once told me, “Diversifying is like going to a horse race and betting on every horse. The only way you win is if the darkest of dark horses wins.” So my concern is that people who follow this second type of financial advice may actually wind up poor in the long term.

Get Rich, Stay Rich

So there’s different financial advice for different people, and the price of poor advice is that millions will be poor if they follow advice that isn’t aimed at them.

To become rich, I recommend investing in your financial education. There’s a difference between that and financial advice. A solid financial education allows you to know the difference between good advice and bad advice, rich advisers and poor advisers.

If you want to become rich — and remain that way — it’s important to know what financial advice is best for you.


This will be a politically incorrect article. It may seem unkind, insensitive, and cruel given the fact that so many people are hurting financially. Many have lost their jobs, homes, retirement security, and hope. Yet — if you can see beyond today and let intelligence, not emotion, rule the day — now is the time to position yourself for riches.

You see, the biggest predator’s ball in history is in its planning stages and invitations are being sent out. For about a year now, friends and associates have been inviting me to join their investment pools. One friend has over a billion dollars in cash sitting on the sidelines. Last night, another friend said that a large bank had invited him to bid on their portfolio of foreclosures. The minimum price: $30 million in cash. He estimated that for that price we could acquire over a billion in distressed properties. For $1 million, I could buy a ticket to the party. I passed on the deal, saying the price was out of my league.

Many people got into trouble when times were good. For example, some of my family’s friends placed all their money with a financial planner during the boom years, believing the standard sales pitch that the market goes up an average of 8 percent a year — even though it doesn’t. For over 20 years, I encouraged them to learn about investing rather than blindly turn over their money to a stranger. Today, they have lost over 45 percent of their portfolio in the last two years. They are not rich people. Now they want to know what to do.

Two Types of Predator’s Balls

My point is this: There are two types of predator’s balls. There are balls when times are good. My family’s friends were victims of this type of exploitation — when predators get you excited about rising markets.

For example, when real estate was soaring in price, predators known as flippers emerged and began selling houses to people at sky-high prices — many of whom had no business buying a home.

There are also predator’s balls for bad times. These take advantage of the exploitations that occurred during the good times. I like the bad-times predator’s balls the best because deals are plentiful, people are humble, prices are low, and opportunities abound. I hope this party lasts for at least five years. I am investing more today than I was two years ago.

The Best of Times — the Worst of Times

In 1859, Charles Dickens wrote in ‘A Tale of Two Cities’:

“It was the best of times, it was the worst of times; it was the age of wisdom; it was the age of foolishness; it was the epoch of belief, it was the epoch of incredulity; it was the season of Light, it was the season of Darkness; it was the spring of hope, it was the winter of despair …”

For millions of people this is the dead of winter. If any of you who are reading this article are going through tough financial straits, I offer you this article and passage as encouragement to keep going — to make the worst of times your best of times.

As the economy worsens, I am seeing a new predator’s ball emerging - one for suckers. This is the ball for gold and silver. If you have been watching television lately, you will have seen ads advising people to send in their old gold jewelry for cash. Only suckers would do that… but as you know, a sucker is born every minute. I also see ads advertising 100-percent-pure 24-carat gold-plated coins for $29.95. Obviously, the key words are gold-plated. Only a moron would invest in a gold-plated coin. The only way that person can sell that gold-plated coin is by finding another moron — which I’m sure can be done, especially as the gold and silver markets pick up steam.

A Sign of Bad Business

In Phoenix, a businessman who was convicted on fraud charges recently opened up a new gold coin shop. He had been banned from being in the gold and silver business for ten years. His timing was good because his ten years were up and now he is sending invitations to his party. Invitations are expensive. He has prime retail space, marketing expenses related to advertising heavily on radio and television, half-page ads in newspapers, major yellow page ads, and a slick Web site. This is how predators send out invitations. Any time an investment company has to spend heavily on advertising, it’s probably a bad business in which to invest. You may recall that many mutual fund and real estate companies were sending out plenty of invitations during the last stock and real estate predator’s balls.

I believe that gold and silver are good investments — but their prices are at all-time highs, which means it is time to be cautious, not foolish. Today, I hear financial experts on television advising people to buy gold. These are the same guys who were recommending stocks and mutual funds less than two years ago. So be very careful as the gold and silver markets begin their next climb. I am still buying gold and silver but I did most of my buying when gold was at $300 an ounce in 2000 and 2001.

Many gold and silver experts will recommend you buy numismatic coins — rare and old coins. If you are not a rare coin expert, I’d encourage you to stay away from them. New investors often pay too much for rare coins that are not really rare. If you are new to gold or silver, I recommend you buy as close as possible to the international spot price of the metals, watching out for premiums and commissions per coin. Buy bars or blanks, rather than coins, if premiums are too high. Watch out for scams. If the person you are buying from makes you uneasy, run. Take delivery when you hand over your money. Keep coins or bars in a bank or safe.

A good book I recommend is ‘Investing In Gold and Silver’ by Mike Maloney. He is one of my personal advisors on the subject, and his book is worth its price in gold.

In closing, I’ll leave you with this thought: Remember that when one predator’s ball ends, another is starting. If you plan on attending, be sure you are a predator, not the ———————————————————————-

“Don’t climb the corporate ladder, why not own the corporate ladder? The problem with climbing the corporate ladder is that when you look up, you see somebody’s big fat butt above you.



世上骗子很多,但能达到曼道夫(Bernie Madoff)这样500亿美元规模的,到目前为止还是绝无仅有。曼道夫的庞式诈骗案(Bernie Madoff Ponzi Scheme),其实就是中国人所熟知的老鼠会。无非是保证投资回报,并用新客户的钱付老客户的钱。只要新资金来源不断,就可以一直运行下去。




首先是股市。曼道夫的庞式诈骗案,对动荡中的美国股市,无疑是雪上加霜。曼道夫式的诈骗案,在世界投资领域,既不是第一个,也不会是最后一个。许多对冲基金(Hedge Funds)和私人股权投资公司(Private Equity Firm),肯定有各种各样的诈骗行为在里面。现在许多投资人对自己投出去的钱不放心,要求把钱收回来,逼迫资金管理人把手上的股票卖出。所以曼道夫诈骗案的股票效应,可能是其损失的500亿的许多倍。




事物都是一分为二的,曼道夫的诈骗案也不例外。期望大家能从曼道夫的诈骗案中,得到一些有益的启示。 ———————————————————————————–





与世界各国相比,中国消费率(又称最终消费率,指一定时期内最终消费额占国内生产总值使用额的比重,用公式表示为:消费率=国民消费/GDP×100% )明显偏低,从2003年降至55.4%以后一直走低,至2007年降至36%左右,不但低于发达国家,而且低于世界平均水平:世界平均消费率从2000年至今,一直维持在77%上下。
























难道作为专家的房宁看不出自己发现的”房宁现象”就发生在身边吗?答案是:他本人就是中国”房宁现象”产下的怪胎,他手里拿着放大镜是专门去看外国”房宁现象”的。这一次文章露了破绽,让我们一窥中国真相。 (2009.2.12改)

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中共专家:中国绝不搞多党制 http://my.cnd.org/modules/wfsection/article.php?articleid=21790

Dong: welcome on board, you should transfer  all fund  from China and buy property in Toronto  ,make good cash flow  right now , there is no better time for you  to becaome investor. you saw it, you know it is doable, you know there are more than just a few people done it!