Or perhaps, one would be asking, “What has that got to do with me?” The ignorant one would say, “Don’t know. Don’t care.”

Here are few questions to think about:

Is U.S. dollar the reserve currency of the world?
Which country has the biggest economy?
Which currency is used the most in global trades?
Which currency is Singapore Dollar, Malaysian Ringgit, Thai Bahts and other currencies peg to?

Well, if you have figured that out, lets move on. After 1971, U.S. dollar is a derivative of debt issued by the U.S. Treasury.

Foreign countries buy U.S. debt as an investment of their surplus U.S. dollars. Nowadays, China is the first holder of U.S. bonds. China owns so many U.S. bonds, there is fear that if they stop buying them, the U.S. economy would collapse. The bonds issue further links the U.S. and China economies so tightly that both fear the consequences of a potential slow down in China’s purchase of those bonds.

If the U.S. dollar continue to lose its purchasing power, what would happen to global trades?
If the U.S. dollar continue to lose its shine, what impact would that have on the Singapore Dollar, the Ringgit, the Pesos and etc?
Do you think the price of gold will go up or down?
How about the price of commodities? Up or down?
How about inflation? High or low?

Well, ponder over these questions. See you in the next session.

Learn powerful lessons from Robert Kiyosaki and get to watch a FREE video seminar -> click here

I was so charmed by Robert smilling at me that I almost forgot to face the camera. We had very limited time to have him autograph the books, not to mention snapping photo with him. There are many people queuing for the same opportunity.

Lehman Brothers and Merrill Lynch disappeared.

AIG almost collapsed.

More to come….

Many Americans are looking to this year’s presidential candidates, Barack Obama and John McCain, to save US financial system. But they are politicians! The problem Obama or McCain face: Limited financial education and diminished financial common sense.

Learn more about financial literacy from multi-millionaires like Robert Kiyosaki, T. Harv Eker and lots more at here.

The Secrets of the Rich – No. 1

The poor and the middle-class work for money. The rich have money work for them

I’ve recently been to a property fair featuring Australia properties. It was indeed an eye opener
for someone like me who has not invested in any real estate properties. It was demonstrated how
easy it was for someone who has moderate savings could actually own one small size apartment
and start earning passive income. Certainly, the apartment has to be situated in good locations.
Besides the passive income, the land which the apartment sits on will also appreciate and provide
capital gain if he intends to sell the unit later.

Using that passive income, the person could either spend it or serve a new mortgage loan for
another residential property. This is a formula that will never be taught in school.

How much interest are we earning today from our bank savings? It’s a shameful amount.

It can be quite scary if one has no prior real estate investment experience because the initial
capital outlay may cause uncomfortable to most ordinary people.

The Secrets of the Rich – No. 2

Mind your own business

Robert is not telling us not to be a busybody. The advice is to tell us to start our own business.
Many people actually have many great ideas. This world has no lack of great ideas. It’s whether
the idea is being put into action is another set of story. It’s a habit for not doing new things
and it’s also a habit for constantly doing new things. So the major problem of most ordinary people
is that they lack action despite having great ideas. Hence, no great result was produced.

So start putting your idea into action and start a business for yourself. You’ve got to take care of yourself!

The Secrets of the Rich – No. 3

Create investments, don’t buy them

Robert uses an example of real estate. I feel that this secret apply to your business too.
If you have a great idea which you put into action to create your successful business, you will
attract investors. They put huge capital into your business for you to grow them. How much an idea cost?

Create investment = Create idea

But you must put that idea into action. In other words, make things happen!

The Secrets of the Rich – No. 4

Expand the product before you buy

This can be applicable to your business too. This is what the big guys are doing in the business world.
If you own a successful business, you can take it to public through IPO. Your business is still the same
business. However, you’ve added an element of investment into your business. Money rolls into your business
quicker.

Robert’s next question was, “What is your winning formula?”

For him, don’t do what everybody else is doing.

I feel this is an important question. What we’ve been doing and thinking have gotten us to where we are today. So, I choose not to work for somebody else, just like many others are doing, and today I’m earning passive income.

What about yourself?

Good news! Robert Kiyosaki’s video seminar, Secrets of The Rich is available at SkyQuestCom.