Lesson No. 10 – The Past and Visions
on the World Financial Future. Why is it good to be Rich? Ways
of protecting the Investments.
We all heard expressions like: “… Money doesn’t bring happiness…
It’s better to be poor and Honest, than Rich and … I’m not so
lucky enough to earn money without working ... what shall I say,
there is some truth in it… But I was both Poor and Rich… and all
the time I was happy, but I prefer to be happy and Rich. I am
honest and probably you are honest too, but … which is the connection
to Richness… Probably you are not the lucky man who will win the
big prize or maybe you don’t look so great to marry Bill Gates’s
daughter, but I take it for granted that you have learned some
interesting things from these course bits (if you have managed
to read to this point)…
Robert Kiyosaki said: “I heard many times that „Money doesn’t
bring happiness”. Probably this is true, but money offers me the
time necessary to do what I like and pay someone else to do what
I don’t like to do.
All of us heard„…I invest in foreign banks, because they are
safe… and anyhow there is the Deposit Protection Fund guaranteed
by the State …” But do you remember that in 2001 one of the most
important banks in the United Kingdom, with an over 130 years
experience, went bankrupt … and everything happened due to a human
error… We’ll discuss during the course several simple models of
risk transfer, but everything you do must be protected...
My parents have always told me that college will be the nicest
period of my life ... Probably this is true for some people ...
but I was not happy during that period of time ... I was working
hard from dawn to evening, and when I was not working, I was trying
to learn ... and in fact I was not truly living...
I tell everyone that when I’ll be 35 I wish to stop working, start
travelling .... to be safe for tomorrow ... and live life fully...
Many people tell me: „Hey man, stop it, you work too much...what’s
this nonsense with 35 yeas old? You will not be able to stop ...
you are too active...” Maybe I won’t stop ... but I won’t ...
then that will be my choice, I repeat CHOICE... Some people told
me: „... and if you don’t reach 35 ... you know, anything might
happen, God forbid, heart strokes, problems, accidents...?”
My answer is simple... If it happens.. it happens ... but if
I reach 35 ...
It is said that a beggar used to stay all the time in front of
the bank founded by Rockefeller. Every morning, Rockefeller, passing
near him, used to give him 1 $. Rockefeller’s son, passing near
the bank, gave the same beggar 10 $ every morning. The same routine
happened morning after morning, year after year, until one day
the beggar stopped Rockefeller senior and asked him:
- Why you, who have so much money, give me only 1 $ every day,
and your son who has much less money than you, gives me 10 $?
Rockefeller answered:
- You know… my son has a rich father…, and I haven’t….
Do your best so that your children should be able to say about
you that they have a rich father ...that’s what I’ll try to do
...
- An overall view
on the Incomes and Expenditures Budget and the classical methods
of taxation for a natural person.
- Analysis of the
Incomes and Expenditures Budget, of the prospect and of the
methods used to increase the incomes and to decrease the expenditures.
- Where does money
come from, why and how it is taxed, depending on its source.
Test of evaluating the financial skills and the incomes. Basic
notions of Financial Education. The 45-year plan.
- The world of the
rich is a world that lives according to other rules. We begin
with the beginning, and the beginning is changing your way of
thinking.
- Preparing a Plan
to obtain the financial independence.
- Basic rules and
techniques for increasing the incomes and decreasing the personal
expenditures (that is for getting rich).
- Types of Investments
and types of Investors. Active Investments. How we can generate
an Active Investment.
- Identifying, attracting
and using external resources - Other People's Time, Other People's
Money, Mentors and many other absolutely necessary things.
- DREEEAMS ! I understand
that if I invest I earn money without working... but where from
can I get money to invest? Financial leverages. Pirghiile financiare.
- The Past and
Visions on the World Financial Future. Why is it good to be
Rich? Ways of protecting the Investments.
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