Kiyosaki: “Savers are Losers” – A Sad Truth with a Catch

One of principle that has been emphasized by Robert “Rich Dad” Kiyosaki is that “Savers are Losers“. Yes, you read it right: the one who saves money are the losers. This is actually a sad truth that nobody can denied. But why he even say that? Is that mean we don’t have to save money at all ? What’s the catch ? Since when ?

Although personally I do not really like Robert (try to sit on one of his seminar, not only he is swearing a lot, but he is rude to practically anyone publicly), but it does not mean that what he preaches is not good. On the contrary, many and many of his teaching is pure gold and something really need to be adopted by every one. This is one of them…. Read more

Wanna be Rich? Change Attitude First !

If you want to be rich, I mean financially wealthy, you have to have the attitude before anything else. According to Meriam-Webster, attitude is “a mental position with regard to a fact or state” or simply put how we perceive about anything that happening around us. So, it’s actually about your  mindset ! But what the relation between mindset and richness? Why attitude or mindset is more important than everything else ? Let’s take a quick drive…. Read more

Debt is Good: Only for Investing & Business Though

When business and investment people are asked, what sort of criteria to make a investment or a business is an ideal one. One of the item high on the list is that the investment or business should not used their hard earn money. In other words: taking other people money (OPM) or having a debt.

On separate article (Debt Is Bad: Insight From Franklin and Gandhi), I have explained why having a debt is not really a good thing, especially if the debt is used for acquaring any kind of lifestyle product.  So, what is the different now, why suddenly debt become a good thing to have ?

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Debt Is Bad: Insight From Franklin and Gandhi

Having a debt on your name means you will personally responsible to repay that amount of money to the lender. This is a responsibility that you cannot avoid unless you declare yourself bankrupt which carries a lot of severe consequences. (Trust me, you don’t want declare yourself a bankrupt!). So, in other words, Debt is Bad. But there is also a psychological factor that might prevent you to reach a happiness if you engage yourself into the world of debt. Read more

Inflation Is NOT Price Goes Up: Common Misconception

If there is one thing that you need to know from ‘macro economics’ world, it is “inflation“. Contrary to popular believe, this word have no direct impact to our day to day life.  But why people talk about this every day as if it’s a food or something? The reason is there is common misconception about the meaning of “inflation”. I  explain in plain english that even a primary school student will never ever misunderstood this ever again. And by understanding it, you will see your finance position like you never seen it before ! Read more