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Friday, March 5, 2010

Knowledge is the new money

Gone are the days where money alone means you have leverage over everything and everyone. Fresh out a crunch reported to be the worst in financial history, something has to give, with the Dollar being backed up by absolutely nothing and rumored to be worth 4c of its earlier financial times and do keep in-mind that this is one the most powerful currencies in the world, at a time like this knowledge has become more valuable than money.

Clearly the same “logic” that got us into this financial mess is not the same “logic” we can rely on to get us out. Standard advice and simple non- transparent information is what we have been fed all along and when all it all came crashing down, that’s when we realized that we were mislead, mis-informed and possibly used as leverage as part of some scam with our money at the advantage of a few others [elites].

Me being a big fan of Robert Kiyosaki (Rich dad poor dad, Conspiracy of the rich author ), I have learnt to see that simple things will amuse small minds and there is nothing we can do about it mainly because our school system has failed to teach kids how to see beyond the physical and tangible. With that said, he (Robert Kiyosaki) strongly believes that ideas such as Save your money, Invest in a diversified portfolio and work for the rest of your life (until after your retirement fund runs out at least) have become obsolete concepts that will put you in some dark corner inevitably. Bare in mind, he does not say that all these concepts are pathetic or a waste of time, although he strives to push the limit of ones thinking to reach ideas that go beyond these well filtered ideas.

The biggest investment one can make at this time is reading books, researching and understanding what a simple paycheck can do for you. Lets test our limits and see beyond what’s at face value.