You Have a Second Chance for Your Money, Your Life and Our World.
Good News! It’s a Second Chance Giveaway
I recently had the opportunity to read and review the book Second Chance by Robert Kiyosaki.
It has me thinking about how financially prepared my family really is and how we can improve our chances for surviving the next economic collapse.
Now you can enter to win a copy for yourself.
Section one covers lessons we can learn from the past. Mr. Kiyosaki talks in-depth about the Great Depression and the similarities and lessons learned during the Great Recession of 2007. He predicts that “Today the world remains in an economic emergency. The poor get poorer, the middle class is shrinking, and millions of highly educated young people cannot find jobs.” and “Many of the rich whose wealth is in the stock market will get wiped out. Their wealth will be stolen in the next giant stock market crash.”
Pretty heavy and worrisome stuff if you are not prepared!
Section two, is about your present financial condition and where your second chance begins. You can evaluate where you are today and then decide where you want to be in the future. There is hope.
Much of today’s economic crisis is caused by people who want to look rich on the outside but who are not rich on the inside. There is nothing wrong with wanting to look rich. Who wants to live below their means, right? But the continued rise in consumer credit debt and student loan debt must come to an end sometime.
This section encourages you to take a hard and honest look at your finances, starting with your income and expenses. Then moves on to what your assets and liabilities are at the current moment.
Those with high paying salaries from a job or profession and those with stock and bonds are in financial trouble if the stock market crashes, because their wealth in only on paper, he calls it tertiary wealth. They do not produce wealth themselves (farmers who produce food or factory owners who produce products) nor do they have the resources of wealth like gold, silver, fish, trees or fertile land.
This was certainly an eye opener to me. A farmer (and thereby even a homesteader) can be considered wealthy because they can produce products to sell. This one concept has completely changed the way I’m thinking about the benefits of purchasing land that will sustain our family and others.
He also suggests investing in real silver or gold, which is also a primary wealth vehicle and one that has been real money for thousands of years, and taking time to think about your future and which assets you would like to have. Choose a category by what most interests you, because you are going to do a lot of studying about it. Choose to – own a business, own real estate, own commodities or own stock options. You’ll want to commit yourself to becoming the very best you can be.
Section three is about the future – your future – and how you want to live.
These are big thinking ideas about entrepreneurship and investing, for people who want financial freedom more than job security. Robert Kiyosaki‘s lesson: “If you go back to school, know the difference between a paycheck and cash flow. When you go to school you learn to work for money. Financial education teaches you to acquire assets that produce cash flow.”
The better part of this chapter covers learning about how to practice, simulate and learning to leverage “good” debt to cash flow your way into the future. You will be creating wealth, and earning income that is passive cash flow from assets.
Who Is Second Chance for?
If you have an entrepreneurial spirit and are willing to learn and take certain risks, the ideas in this book are for you. Thank you to Rich Dad for sponsoring today’s post and inspiring me to create a fresh start! The opportunities are out there if we are willing to look.
This Second Chance Giveaway is sponsored by RichDad and Robert Kiyosaki , and is open to any resident who is 18 years of age or older who lives in United States. This giveaway starts on Saturday, March 28.th at 12:00 am (ET) and ends on Thursday April 2nd, 2015 at 12:00 pm (ET). ONE winner will be notified by email and will have 24 hours to respond. If we do not hear back from said winner in the designated time period of 24 hours we will choose another winner and they will have 24 hours to respond from the time the notification email is sent. Please check your SPAM email folders.
Good luck to everyone!
Here’s how to enter:
1. Go to our Amazon review for Second Chance by following this link – https://ooh.li/102b6fd. Find the review for PreparednessMama and let us know if it was helpful.
2. Come back here and leave a comment below: What are you doing to help your family be financially prepared ?
3. Go to the Rafflecopter entry form and enter your information so we can notify you!