| Statistics I had never seen before, even though I... 750 |
[Mar. 4th, 2010|03:11 am] |
Statistics I had never seen before, even though I already owned a substantial share block of an existing oil companyWith that information, I immediately began looking for and found a new undervalued oil company that was about to find some oil depositsMy broker was excited about this new company, and I bought 15,000 shares for 65 cents per share
In February 1997, this same friend and I drove by the same gas station, and sure enough, the price per gallon had gone up nearly 15 percentAgain, the "Chicken Little" worried and complained I smiled because in January 1997, that little oil company hit oil and those 15,000 shares went up to more than $3 per share since he had first given me the tipAnd the price of gas will continue to |
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| Income |
[Feb. 15th, 2010|03:31 am] |
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Income |
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| "He's been waiting for me to get fed up?"
"Sort... 807 |
[Feb. 13th, 2010|03:55 am] |
"He's been waiting for me to get fed up?"
"Sort of," Mike said"Dad's kind of differentHe teaches differently from your dadYour mom and dad lecture a lotMy dad is quiet and a man of few wordsYou just wait till this Saturday
"You mean I've been set up?"
"No, not really, but maybeDad will explain on Saturday
Waiting in Line on Saturday
I was ready to face him and I was preparedEven my real dad was angry with himMy real dad, the one I call the poor one, thought that my rich dad was violating child labor laws and should be investigated
My educated poor dad told me to demand what I deserveAt least 25 |
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| Their balance sheets are not balancedThey are... 656 |
[Feb. 11th, 2010|03:42 am] |
Their balance sheets are not balancedThey are loaded with liabilities, with no real assets that generate incomeTypically, their only source of income is their paycheckTheir livelihood becomes entirely dependent on their employer
So when genuine "deals of a lifetime" come along, those same people cannot take advantage of the opportunityThey must play it safe, simply because they are working so hard, are taxed to the max, and are loaded with debt
As I said at the start of this section, the most important rule is to know the difference between an asset and a liability Once you understand the difference, concentrate your efforts on only buying income-generating assets That's the best way to get started on a path to becoming rich Keep doing that, and your asset column will growFocus on keeping liabilities and expenses downThis will make more money available to continue pouring into the asset columnSoon, the asset base |
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| Focus on keeping liabilities and expenses... 687 |
[Feb. 11th, 2010|03:42 am] |
Focus on keeping liabilities and expenses downThis will make more money available to continue pouring into the asset columnSoon, the asset base will be so deep that you can afford to look at more speculative investments Investments that may have returns of 100 percent to infinityInvestments that for $5,000 are soon turned into $1 million or moreInvestments that the middle class calls "too risky The investment is not risky It's the lack of simple financial intelligence, beginning with financial literacy, that causes the individual to be "too risky,"
If you do what the masses do, you get the following picture
Income |
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| His guards were intent upon the fallen men and on... 31 |
[Feb. 10th, 2010|10:42 pm] |
His guards were intent upon the fallen men and on the taut, bleeding form of TomassoNo one had spared a glance for the crippled lord in his chair
It was only the fact, mercilessly random, that that evening's Captain of the Guard happened to have moved into the cabin on Scalvaia's side of the room that changed the course of history in the Peninsula of the Palm and beyondBy things so achingly small are lives measured and marred
Alberico, turning in a white rage to snap an order at his captain, saw the cane come up and Scalvaia's finger jerk upon the handleHad he been facing straight ahead or turning the other way he would have died of a sharpened projectile bursting into his brain
It was toward Scalvaia that he turned though, and he was the mightiest wielder of magic, save one, in the Palm in that hourEven so, what he did, the only single |
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| Hello, my account friends 640 |
[Feb. 10th, 2010|10:41 pm] |
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Welcome to my first blog |
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| Russian President Pledges Smart Economy at New Year |
[Feb. 5th, 2010|10:48 am] |
"President Dmitry Medvedev said Russia will move forward on the path to a ""smart economy"" as the country emerges from the worst recession in a decade, in his New Year's message on Thursday.
""The outgoing year has not been the easiest for Russia,"" Medvedev said in a televised address broadcast late Thursday night. ""I would like to thank you for proving that we can take the brunt together and overcome difficulties.""
Medvedev said his country will keep moving forward to create ""a strong and modern state"" as well as ""a stable and smart economy."" ""We will do everything to ensure a safe and comfortable life for everyone,"" he said.
He called on Russians to seize ""new opportunities"" in 2010, saying that Russia's success depends on every single person of the country and the efforts made by everyone for his family and country.
Russia, whose economy is heavily dependent on energy resources, was hard hit by the global economic downturn as oil prices collapsed late 2008. Official statistics show Russia's gross domestic product shrank by 8.5 percent in 2009" |
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