Archive for July, 2011

WHY SAVERS ARE LOSERS by Robert Kiyosaki

Posted in General Management, Life Management, Why Savers Are Loser with tags , , , , , , , on July 21, 2011 by Robert Finkelstein

Along with the inspirational quotes, the beautiful images, and my own personal and business blogs, at Behind the Scenes / Virtual COO you will find the writings and videos of various thought leaders.

WHY SAVERS ARE LOSERS by Robert Kiyosaki

My poor dad believed in saving money. “A dollar saved is a dollar earned,” he often said.

The problem was he didn’t pay attention to changes in monetary policy. All his life he saved, not realizing that after 1971 his dollar was no longer money.

You see, in 1971 President Richard Nixon changed the rules of money. That year, the U.S. dollar ceased being money and became a currency. This was one of the most important changes in modern history, but few people understand why.

Prior to 1971, the U.S. dollar was real money linked to gold and silver, which is why the U.S. dollar was known as a silver certificate. After 1971, the U.S. dollar became a Federal Reserve Note — an IOU from the U.S. government. Instead of our dollar being an asset, it was turned into a liability. Today, the U.S. is the largest debtor nation in history due in part to this change.

Taking a brief look back at the history of modern money, it’s easy to understand why the 1971 change was so important.

After World War I, Germany’s monetary system collapsed. While there were many reasons for this, one was because the German government was allowed to print money at will. The flood of money that resulted caused uncontrolled inflation. There were more marks, but they bought less and less. In 1913, a pair of shoes cost 13 marks. By 1923, that same pair of shoes was 32 trillion marks!

As inflation increased, the savings of the middle class was wiped out. With their savings gone, the middle class demanded new leadership. Adolf Hitler was elected Chancellor of Germany in 1933 and, as we know, World War II and the murder of millions of Jews followed.

A New System of Money
In the closing days of World War II, the Bretton Woods System was put in place to stabilize the world’s currencies. This was a quasi-gold standard, which meant currencies were backed by gold. The system worked fine until the 1960s when the U.S. began importing Volkswagens from Germany and Toyotas from Japan. Suddenly the U.S. was importing more than it was exporting and gold was leaving our country.

In order to stop the loss of gold, President Nixon ended the Bretton Woods System in 1971 and the U.S. dollar replaced gold as the world’s currency. Never in the history of the world had one nation’s fiat currency been the world’s money.

To better understand this, my rich dad had me look up the following definitions in the dictionary.

“Fiat money: money (as paper money) not convertible into coin or specie of equivalent value.”

The words “not convertible into coin” bothered me. So my rich dad had me look up the word: “fiat.”

“Fiat: a command or act of will that creates something without or as if without further effort.”

Looking up at my rich dad I asked, “Does this mean money can be created out of thin air?”

Nodding his head, my rich dad said, “Germany did it and now we are doing it.”
“That’s why savers are losers,” he added. “I fought in France during World War II. That’s why I never forget that it was after the middle class lost their savings that Hitler came to power. People do irrational things when they lose their money.”

Most economists would disagree with my rich dad’s correlation between the loss of savings and Hitler. It may not be an accurate lesson, but it’s one I never forgot.

Between 2000 and 2005 housing prices went through the roof. Oil went from $10 a barrel in 1997 to over $60 a barrel in 2005. Gold went from $275 an ounce in 1996 to over $475 an ounce in 2005.

In spite of all these increases in prices, the federal government’s economists say, “Inflation is low. It’s under control.” They are allowed to say that because the government is charged with only monitoring inflation in consumer prices — not asset prices. The consumer price index (CPI) is the pressure gauge the government watches because they want to make sure the consumer is happy finding bargains at Wal-Mart, which is easy because China is forcing consumer prices down.

The problem is our dollars return to the U.S. to buy our assets. In simple terms, we send cash overseas to buy goods, and overseas investors take our cash and use it to buy our assets. That’s why the Wal-Mart shopper finds bargains in the store but can’t afford to buy a house, gas, gold, or stocks. Those same “consumers” also worry about their jobs going overseas.

In summary, investors shop for asset bargains, and consumers shop for consumer bargains and try hard to save money that is not really money. That is another reason why the rich are getting richer.

For more on this subject I recommend reading “The Dollar Crisis” by Richard Duncan.

– Robert Kiyosaki

If you’re interested in a complimentary 20-minute business strategy session with Robert Finkelstein, for more information, please refer to Behind the Scenes Consulting. If you have questions, please email Robert at Consulting@RobertFinkelstein.com. Your comments are welcomed below. Thank you.

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TEN ATTITUDES OF TOP-ACHIEVERS by Brian Tracy

Posted in General Management, Life Management, Ten Attitudes of Top-Achievers with tags , , , , , on July 18, 2011 by Robert Finkelstein

Along with the inspirational quotes, the beautiful images, and my own personal and business blogs, at Behind the Scenes / Virtual COO you will find the writings and videos of various thought leaders.

TEN ATTITUDES OF TOP-ACHIEVERS by Brian Tracy

If you think the same way as the top achievers think, you can begin to get the same results they do. Here are ten psychological and practical ways to mirror the attitudes of top-achievers.

1. See yourself as a consultant rather than a salesperson. Believe that you are a problem-solver with regard to your product and how the client can best use it.

2. Become a doctor of selling. Act in the best interests of your “patients” and have a high code of ethics.

3. See yourself as the president of your own sales corporation. Accept 100 percent responsibility for your results.

4. Commit yourself to being the best in your field. Dedicate yourself to lifelong learning.

5. Be ambitious, hungry, and determined to use selling as a stepping-stone to the success you want in life.

6. Have integrity. Be honest with yourself and others.

7. Engage in thorough preparation prior to every call.

8. Be an excellent listener; be extremely customer-focused.

9. Have tremendous courage. Be willing to face your fears of rejection and failure, and overcome them.

10. Be highly persistent. Start your workday earlier, work harder, and stay longer.

To make these changes work you must walk, talk, and behave consistently with them every hour of every day.

– Brian Tracy

If you’re interested in a complimentary 20-minute business strategy session with Robert Finkelstein, for more information, please refer to Behind the Scenes Consulting. If you have questions, please email Robert at Consulting@RobertFinkelstein.com. Your comments are welcomed below. Thank you.

Inspirational Quotes and Images – Updated Daily

Posted in General Management, Inspirational Quotes and Images, Life Management with tags , , , , on July 16, 2011 by Robert Finkelstein

“Vision is the art of seeing the invisible.” – Jonathan Swift

My Quotes and Images page is updated daily.

To see the entire list of 100s of great quotes and beautiful images, please click on this link.
Quotes and Images

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TAKE THE PATH OF MOST RESISTANCE by Darren Hardy

Posted in General Management, Life Management, Take the Path of MOST Resistance with tags , , , , on July 12, 2011 by Robert Finkelstein

Along with the inspirational quotes, the beautiful images, and my own personal and business blogs, at Behind the Scenes / Virtual COO you will find the writings and videos of various thought leaders.

TAKE THE PATH OF MOST RESISTANCE by Darren Hardy

In The Compound Effect I explain how the results in your life are rooted in one single factor—your choices.

Like it or not, good or bad, your accumulated choices have added up to your current waistline, business success, relationship strength and bank balance.
Your choices created your problems and the only way out of them is to start, and stick to, making new choices.

But then you ask, How do I know what the right choices are?

Here’s a simple formula:
When in doubt, choose the harder task or what you don’t want to do—that’s usually exactly what you should do. Take the path of MOST resistance.
Put it this way: If you are disappointed in any area of your life, whatever choices you have been making aren’t working.

Definition of insanity:
Doing the same things you’ve always done and expecting different results.
Here is the force you are fighting: You and your brain are creatures of habit. You simply talk yourself into taking the easy, low resistance and comfortable route. Like the pull of a rushing river, your unconscious habits continue to take you downstream in the wrong direction. To change your direction you will need to swim upstream, against the resistance of the rushing river, against your habitual tendency.

Low Resistance:
• Going along with the gossip
• Surrendering to peer pressure
• Saying yes to needless obligations
• Submitting to the crying demands of your children
• Starting your new program on “Monday” (instead of today)
• Reacting in anger
• Holding a grudge
• Giving the ‘silent treatment’

High Resistance:
• Going to the gym when you don’t feel like it
• Forgiving someone who wronged you
• Feeling the fear and doing it anyway
• Admitting you were wrong and apologizing
• Ordering the salad when you want the burger
• Saying no to (yet another) shot of tequila
• Calling that big, scary big prospect (again and again)

If you want to finally obtain what’s missing from your life, you need to stop always doing what you feel like doing and start doing the things that make you uncomfortable, the stuff you avoid, and the things that you think are hard.
If you dedicate yourself to only doing the things you don’t want to do, all day long, your results would shock and amaze you and everyone around you.
Make a list of the things you avoid, postpone and hate doing, but you know you should. If you attack those today, your life will change. What’s uncomfortable is good. It only feels wrong at the start because you have an automatic bias toward the easy. Fight that tendency. Swim upstream. Take the path of most resistance.

– Darren Hardy, publisher of SUCCESS magazine

If you’re interested in a complimentary 20-minute business strategy session with Robert Finkelstein, for more information, please refer to Behind the Scenes Consulting. If you have questions, please email Robert at Consulting@RobertFinkelstein.com. Your comments are welcomed below. Thank you.