Shannon's Blog

Then how about the stock market? The stock market has slumped and millions have lost more than half of their pensions last year! Did you know that we can make money when stocks go up as well as down, you may have heard of Hedge Fund companies. George Soros, the billionaire investor and author made more than $1billion in 2008, (the year of the worst recession since the great depression in 1930s) while other prestigious companies went bankrupt? Some people may have heard of black Monday on October 1987, the day of the stock market crash, but it was one of the best days for some professional traders like James B. Rogers, who made millions on a single day. How about businesses? Microsoft was started during a recession and has become one of the most successful companies to date. Facebook was valued at $10billion in 2009 compared to $3.8 billion in 2008, an increase in value of 263%, compare this to the industrial giants, two of the “Big Three”- Chrysler and General Motors recently f...

Brian Tracy, one of world's most inspirational speaker and author once said that every one of us should write down a goal to become a millionaire and he claims it has become even easier due to the internet and technology development. He also said that if you want to become a lawyer you study law, if you want to become an accountant you study accounting and if you want to become a millionaire you should study money and rich people. So why not study rich and successful people, who have already been there? Personally, I believe Robert Kiyosaki is the best financial educator in the world, Robert and his books have inspired and influenced millions of people around the globe and helped them become rich. I decided to make him my mentor, despite the fact I have never met or spoke to him in my life. They say if you want to be rich, just copy the formula used by rich people, so I decided to copy his formula for my journey. All his books are written based on his own experience of buildin...

I first listened to Rich Dad, Poor Dad 2: Cash Flow Quadrant - Rich Dad's Guide to Financial Freedom (rated 5 stars by readers in Amazon) by Robert Kiyosaki in early 2007 and then bought his New York Times best seller, Rich Dad, Poor Dad . Since then I have read and listened to 12 Rich Dad or his advisor's books and CDs and I will be buying more of his books in the future. Despite the fact that I have spent less than £80 on his books the value that I got from his books is definitely and massively more than what I paid for my Master of Business Administration (MBA) course, which cost me around £8,000 in 2002. The value that I got from his inspirational books is tremendous and priceless; he taught be how to think outside the box and completely changed my mindset. My MBA taught me nothing about money and investment, while Robert Kiyosaki's books taught me everything about wealth, money and the power of leverage. I have learned the truth about the rich, why the rich are...