Saturday, November 27, 2010

Understanding the Root Cause About Your Money Believes

Have you ever asked yourself, the following questions?
  • What is money?
    • Is it just a piece of paper?
    • What can you do with it? - Take out a piece of your biggest note inside your wallet and think about it...
    • What did your parents share with you about money?
  • What is wealth?
    • Is it just about having lots of money?
    • Is it important to you?
    • What can it do for you?
  • What's your impression of rich people?
    • Are they nice or greedy?
    • Are they generous or stingy?
    • Do they con others or help others?
Only after you've answered those questions that you can have a much clearer picture of your impression on your current financial situation.

(Adapted from Millionaire Mind Intensive...)

Thursday, November 18, 2010

I'm blessed to be in Singapore

Well, over the past few weeks, what I've concluded from the "Guide to Investing in Gold and Silver" is that, I felt very blessed to be living in Singapore. Because, I'm pretty certain about is that our government is certainly a lot better at managing our current money supply. :D

Overall, I felt that what the book was saying is about how currency is being created out of thin air, and why it causes inflation as well as how the action of the US government is causing to the economy. I guess, that's what their currency is weakening. Then it also tells us why they felt that gold and silver is the next "In" thing when it comes to an alternative means of currency other than the pieces of papers in our wallets.

I still felt that stocks or businesses or even valuable properties are a much better choice when it comes to investing, because, at least those stuff adds value to our economy and other people, but gold and silver are merely some metal that doesn't really add values to our lives. Its value should be moving hand in hand with inflation instead or huge appreciation, because it doesn't really make sense, unless our "pieces of papers" no longer worth much.