Kiyosaki’s Predictions for the year 2008 and beyond
- Dont go into FLippers.
- Buy and Hold
- Raise the rents as there will be a lot of demand.
- Commoditites are going to be more expensive as there is demand in the rest of the world.
- So the price of oil is high, more cars, more building etc.
- India – more buildings are being built.
- understand population movements – find out where the population is moving, where the jobs are.
- find out where there are railroads and public transportation is being built because the gas prices are never going to come down. So buy close to public transportation.
- Investment in Gold and Silver
- 1971 the US replaced gold and silver with the Dollar and that has led to its decline.
- The Dollar and the Euro will keep dropping causing Gold, Silver and RE to go up in rise.
- Be careful with savings as that is going to go poof…..
- US has been through hyperinflation…the Continental..it went to zero and the greenback replaced it.
- Every 75 years is a depression…..1930 was the last …it is going on now…..
- Currency cycle –
- Quality currency—-quantity currency —- back to quality currency and it can be done only with Gold being the default
- Gold is at 850..the highest…BUY GOLD for Petes sakes. It might go to $6000
- 40 oz of gold should be able to buy a house and then sell GOLD.
- Invest 20% in GOLD and SILVER
- SILVER is the BIGGEST opportunity. less than 15 yrs supply left. It is a consumable as it is an industrial material. Today it is 15 per oz.
- Gold is hoarded. So it is available.
- Balanced Ark –
- The middle class will be wiped out, savers will be wiped out and the spenders will be wiped out.
- DO NOT HOLD CASH.
- BUY SILVER
Some other nuggets gathered from other websites
Be – Attitude
HAve – Assimilation
Be -> Do –> Have
Financial freedom is how you emotionally
deal with money
Let go of money and you are free…
Do not hold on it
Money belongs to God.