Let's Read Conspiracy of the Rich - Part 1

After Robert closed off his initial online book and printed Conspiracy of the Rich, he continued releasing additional content on his conspiracy website. Since I am basically sold to his line of thinking, I have been following his writings on his weekly basis. I can remember most of his stuff since I am personally motivated, and articles by the various news organizations have somewhat verified what he has said.

One of the most important things when I decided to follow his teachings was that he was actually a rich man who had built his empire and his wealth from his own efforts. I say this as I oftened wondered about the “relationship” managers at the banks who frequently offered financial products to me. I always felt that they seemed too eager to push the products to you and there was some kind of catch somewhere. I even remember entertaining this insurance agent whilst it was raining cats and dogs. He was diligently getting fresh contacts from all his potentials clients. The tactic was to get me and others he had met to provide him with contacts that I had to call to inform that he was going to call them. Once I saw through that tactic, I refused to provide him with anymore additional contacts.

Although I only finally picked up his Rich Dad book at the grand old age of 30 (as opposed to 20), I was glad that someone could finally provide me with an explanation about the real goings on in this world. I hope you have realized this too.

When I first read his Rich Dad books, he had provided alot of negative feedback about mutual funds. It took me awhile to figure out that he was referring to all the funds I had been offered at the banks. I only did not realize they were mutual funds since the banks did not refer to them as mutual funds, but I am sure glad I followed my instincts then and avoided all those funds.

This was especially when Lehman Brothers collapsed and there was a terrible uproar amongst the retail investors. The shocking thing for me, at least from an observer point of view, was how apparently, capital protected or principal protected did not actually mean that your principal investment amount was safe. I do feel for all those people who have lost all their life savings. And of course, the governments are all implicit as they do not demand full compensation for all the investors. They let the banks get away with daylight robbery.

I am now extremely cynical about any new financial products coming out of my banks and the attitudes of the bank officers. However, I do intend to continue saving enough money to start out in property investment and of course, you will need the mortgage brokers to provide you with loans. This is in accordance with Robert’s teachings of course.

Let's Read Conspiracy of the Rich - Part 1