Rich dad said, “Everyone has the ability to build a financial ark to survive and flourish in the future. But you must invest time in your financial education to build an ark with a solid foundation.”
“Take control of your own financial ark and buy or build assets that generate cash flow. Include real estate, busineses, and paper assets. As soon as your income from your assets (your money working for you) exceeds your expenses you are financially free.”
-Rich Dad’s Prophecy
gabrielg Bubbles, FFA, Financial Education, Freedom, Wealth Actions
I do not trust what is happening with the dollar. The Federal Reserve has continued to print more an more currency not backed by anything but people putting their trust in small green pieces of paper.
All of these government bailouts you may be hearing about…seems to me full of arrogance and hubris. All these billions of imaginary dollars printed from thin air.
Each imaginary dollar printed decreases the buying power of the money already out there. And this cycle won’t stop until people no longer put their trust in it. Eventually, the bubble will pop, and I anticipate it having a knockout punch to the economy of the United States.
Once the dollar crashes, everyone will come running to the “safe haven” of precious metals, but by then the buying power of gold and silver will have skyrocketed. Time and time again, when a government has gone off the gold standard this pattern has repeated itself.
Gold and silver will take the cake as they always do.
That is one reason why my intention is to build up a gold and silver reserve. This year, I would like to contribute a few hundred dollars to investing these metals every month. Growing this until I will eventually be converting thousands of dollars into these metals at a time. The more I collect, the stronger the magnet will be in attracting more gold and silver.
I intend to make this a solid, continuous, and ongoing habit-strengthening the holdings every month until I eventually need to store them in various third party vaults around the world.
There is going to be an immense transfer of wealth in the upcoming years, and I intend to be ready for it.
gabrielg Bubbles, Federal Reserve, Goals, Gold, Precious Metals, The FED, Wealth Actions, Wealth Habits
If the Federal Reserve continues to just print more money out of thin air, what does that do to the value of the dollar?
Apparently that continues to lower the amount of resources you can purchase with every dollar you have in your pocket. The more that is printed, the less clout it
has in the financial world.
It cannot go on forever, and eventually it is scheduled to repeat itself. Throughout history, when a government went off of the gold or silver standard, the ones who have survived financially were the ones who held onto the precious metals.
I have about $5,395.00 saved up in my Financial Freedom Account which I have made a habit of adding to each day. The only purpose for the money in this account is to generate more money. I have been considering investing a portion of this in my Real Estate Investment Mentor, ultimately working together it should uncover a real estate deal that will more than pay for the cost.
Another thing I have been considering is to put it all into silver and gold, and just continue to build up those reserves until the market crashes. Although, I intend on growing the gold and silver reserves, I would like to do it with a separate account.
This money that is in my FFA right now can be used to do actual deals right now, not to mention all of the priceless education that comes about through more experiences.
I was studying a crash course on the patterns that economic bubbles tend to follow. It showed various market bubbles through history in line graphs, and laid them on top of each other. If the real estate bubble follows the same pattern, it appears that the real bottom of the real estate market should be somewhere around 2015.
gabrielg Bubbles, FFA, Financial Freedom Account, Gold, Mentors, Precious Metals, Real Estate Investment, Silver, The Market, The Real Estate Market
