Posted by
Robert's Genius Thoughts on Sunday, February 15, 2009 12:43:46 PM
This "Stimulus Plan that will be signed into law, is not the solution for solving YOUR individual problems. It MAY provide jobs(Govt Jobs), but how does it impact you individually? It will not provide individual long term wealth because the Govt owns nothing. It must take from someone else to give somewhere else! This type of behavior creates a zero sum transaction; leaving the average citizen out of money!
So what is the solution for your individual recession? The secrets are in a book called, "The Richest Man in Babylon". It was written in the last Century, and holds very sound principles of gathering wealth. While they may not be as exotic and carry much sex appeal, the people who are following theseprinciples are VERY WEALTHY! Let's look at 5 Law of Gold(Money). These laws are originally listed in the book, "Richest Man In Babylon". I will attempt to provide a modern day translation!
The Five Rules of Gold
Rule Number One: Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family. This simply means that people need to start saving. Save minimum of 10% of your current GROSS earnings. The easiest way to create an estate is through life insurance. This is the vehicle that can transfer to your beneficiaries TAX FREE! There are ways to use Life Insurance while you are alive also!
Rule Number Two: Gold Laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field. My translation: Money goes to someone who is working in their own job or business. This is were a person is able to perform rule number one. If you don't earn money, start today looking for a job or business opportunity to begin to save money!
Rule Number Three: Gold Clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling. You must have strong financial advisers that can create a strong financial plan for you and your family. It is NOT only about one type of investment! It must be the ENTIRE Financial Picture. With strong advisers, money will be around during up markets and down markets.
Rule Number Four: Gold slippeth away from the man who invests it in business or purposes with which he is not familiar or which are not approved by those skilled in its keep. The world most famous investor, Warren Buffet always invests into things he understands and knows. This may be your own business! It may be stocks or other securities that you are familiar with their operations. The point is this, don't invest in things you have a limited understanding; get educated FIRST then stick your hard earned money into it.
Rule Number Five: Gold flees the man who would force it to impossible earnings or who followeththe alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires investment. This is for the people who invest in these strange offshore gifting programs and double up stuff. These programs are nothing more than ponzi schemes. There are legitimate high yield investments out there, but you must get educated FIRST! I would also place in this category people depending on the Federal Govt to provide financial benefits. These tricksters and schemers are political figures who suck the savings from the people to line there own pockets. They promise utopia viz a viz Free Health Care, Social Security, Free this or Free that, which breaks all the 5 principles of getting gold! This promise of these Freebies is a promise of utopia...which is a great big trip to nowhere!.
These five priniciples are timeless. Stay diciplined with these priniples, they will not lead you wrong. Do NOT sip on the Government's Snake Oil, this Govt stimulus program will not create wealth for anyone but the elites.
Regards,
www.robertwilliamsjr.com