LIVING OFF DIVIDENDS & PASSIVE INCOME

There is a saying that goes, “When your picture appears on the cover of Time Magazine, your career is over.” If you have access to the June 13, 2005 issue of Time Magazine, you will see a picture of a man hugging his home. The title and subtitle say, “HOME SWEET HOME: Why we’re going gaga over real estate.”

There is another saying that goes, “As General Motors goes, so does the U.S.” Well, today, both General Motors and Ford have had their corporate bonds downgraded to “junk bond” status.

Rich dad would say, “As one party ends, another begins.” This real estate bubble has made many people very, very, rich. I hope it has made you rich. It has certainly made Kim and I very, very rich. But in my opinion, this party is over… so see you at the next party.  Read more... (286 words, 8 images, estimated 1:09 mins reading time)

A few days ago I posted an article on why the dollar hasn’t collapsed. Robert Kiyosaki has a good counter-argument on why he thinks it will.

The Last Days of the Dollar
by Robert Kiyosaki

Tuesday, October 17, 2006

In 1966, I was traveling the Pacific aboard a freighter. I was 19 years old at the time and attending the U.S. Merchant Marine Academy at Kings Point, N.Y.

As part of my academy education, I spent a year as a student officer on freighters, passenger liners, oil tankers, and even tugboats. It was a great way to see and study the world.

An Instructive Exchange

One of the earliest lessons I learned at sea was about currency exchange rates. Even though currency valuation was not a subject taught at the Merchant Marine academy, my ship constantly traveled from one country to the next, so my education in what is today called FX — or foreign exchange — began.  Read more... (1201 words, 8 images, estimated 4:48 mins reading time)

Robert Kiyosaki has a column on why he’s buying in gold. I don’t know why it has tomorrow’s date on it, but its pretty interesting nonetheless.

Bet on Gold, Not on Funny Money
by Robert KiyosakiTuesday, July 25, 2006

Gold recently dropped more than $100, or 14 percent, after hitting a 26-year high of $730 in mid-May. With that drop in price, I became a buyer of gold once again.

Can the price of gold go lower? Absolutely. If it drops to $500 an ounce, I’ll buy more. Let me tell you why.

But first, to give you some background, I’ve been in the gold market since 1971, when then-President Nixon took the U.S. dollar off the gold standard. Back then, gold was pegged at $35 an ounce, and ran to a high of $850 an ounce by January 1980. In the same period, silver hit approximately $40 an ounce.  Read more... (1084 words, 8 images, estimated 4:20 mins reading time)