Money Magnets

Chinese Characters for "CRISIS"

I am a Money Magnet! We are Money Magnets!

By Nina Laquindanum

For quite some time now, investors throughout the world have continuously been shaken by the news from Europe. The debt crisis of Greece, the European Union’s bailout plan, and the shocking announcement of former Greek Prime Minister Papandreou to hold a referendum have just been some of the events in the past weeks that have left the world watching the drama unfold from the edge of their seats. The past few days, the focus has somehow shifted to Italy as investors remain cautious about whether it will be next to take the hot seat after Greece with its debt. While news in other parts of the world do not seem as drama-packed as Europe, the bankruptcy filed by MF Global Holdings Ltd., the high rate of unemployment in the United States, as well as the slowdown in the economy of China, are among the other stories which have made investors skittish about what lies ahead.

I am a Money Magnet! We are Money Magnets!

While Robert Kiyosaki wrote in his book Rich Dad's Conspiracy of the Rich that investing in the stock market is actually a financial fairy tale that when done wrongly is actually quite similar to gambling,  he does believe also however that there is a right way to invest in the stock market and that to be truly diversified, one must have paper assets like owning shares of a company.  In his Rich Dad Coaching site, he has these pointers to give for Money Magnets who are interested in investing the right way in the stock market.  After all, he considers financial education as the best tool one can have to learning how to make money work for you!

I am a Money Magnet! We are Money Magnets!



I got hold of Robert Kiyosaki's Rick Dad's Conspiracy of the Rich: The 8 New Rules of Money a couple of years back.  I spent one month reading the first few chapters and it bored me to death.  It talked all about history and stuff that I really didn't get a grasp on.  A few days ago, I decided that since it was taking me a decade to finish this book, I might as well return it to the owner already.  I was giving up.  I told myself this book wasn't for me.  And to prove my point, I browsed through the content one more time just to be sure.  It was then  that I caught a glimpse of the second part of the book which offered ideas that I have never encountered before. In a way, it was very enlightening as most of what Robert Kiyosaki was preaching was in contradiction to some of the contents we've written here on our site. Read on to know more about these contradictions.