Entries for the ‘Investing’ Category

Cash Is Trash

Sunday, October 5th, 2008

Robert Kiyosaki, author of “Rich Dad, Poor Dad” explains why cash is trash. Why? Because the dollar keeps dropping.

Saving money isn’t helpful, because the lower the dollar drops, the less your money is worth. Inflation and economic crises wipe out savers and the middle class.

If you are a saver, how do you protect yourself? Get rid of your cash, because cash is trash! No, I don’t mean throw it in the trash or give it to me, I mean, if you have extra cash, invest it in something to bring you income like rental property or buy silver or gold.

If you’re going to take money advice from anyone, listen to Robert Kiyosaki. He’s a financial genius and he knows what he’s talking about. His predictions do come true, so pay attention. This video was from January 2008.