When I was a kid, my friends and I liked to ride bikes around the neighborhood. Being boys, we also liked to do mischievous things. We were always pulling different pranks on each other, and one prank was to shove a stick into the spokes of your friend's bike wheel as he rode...
https://www.richdad.com/stick-in-the-spokes
12/7/2010 10:38:17 AM
Economic forecasting is much easier than generally realized.Every country’s economy is measured in terms of its Gross Domestic Product, or GDP. And, the GDP of every country is comprised of only four major parts: personal consumption expenditure, private investment, net trade...
https://www.richdad.com/economic-forecasting-101
2/15/2012 1:46:37 PM
Barclays Bank was forced to pay a “fine” of US$453 million earlier this month in a case related to the manipulation of the London Interbank Offered Rate (Libor), one of the most important benchmark interest rates in the world. It now looks as if a number of other large banks ...
https://www.richdad.com/libor-and-corruption-of-creditism
7/16/2012 10:39:37 AM
In November 2002, (then) Fed Governor Ben Bernanke made the most important speech of his life. It was called “Deflation: Making Sure It Doesn’t Happen Here”. In that speech he said, “I am confident that the Fed would take whatever means necessary to prevent significant deflat...
https://www.richdad.com/worst-nightmare-deflation
4/30/2013 1:04:27 PM
On September 18th, the Fed surprised the financial world by announcing that it would continue creating $85 billion a month even though it had led the market to believe that it would begin to “taper” its pace of fiat money creation from that date. The Fed’s announcement sheds ...
https://www.richdad.com/taper-talk
10/1/2013 2:13:37 PM
The correction in US stocks has begun. It’s likely to become significantly worse during the months ahead. In this new age of fiat money, Liquidity determines the direction in which asset prices move and Liquidity is drying up. That is because the third round of Quantitative E...
https://www.richdad.com/very-scary
10/15/2014 1:43:14 PM
A while back, I wrote about a friend who got to hear Ray Kroc, the founder of McDonald’s speak to his MBA class at the University of Texas at Austin. Afterward, the students invited him out to some beers and he joined them. Over those beers, they talked about many things, ...
https://www.richdad.com/find-your-business
6/26/2018 7:00:00 AM
How many of you pay taxes? And how many of you would prefer not to pay taxes? How many of you know somebody who cheats on their taxes so they do not pay taxes? You do not have to cheat to avoid paying taxes. For the last 35 years, I have dedicated my life to learning and st...
https://www.richdad.com/legally-not-pay-taxes
7/15/2020 1:52:19 PM
Entrepreneurship is a roller coaster. One day, you're a hero and you feel awesome. Then, even the next day or the next moment, you're an idiot. To be a successful entrepreneur, you really need to develop your emotional intelligence. On a simple level, think of how you have a...
https://www.richdad.com/dare-to-be-bold
8/3/2020 8:17:11 AM
(Disclaimer: This is not financial advice, the information in this newsletter is for educational purposes only. This article is not sponsored or affiliated with the tokens, teams, and protocols mentioned. It is important to do your own research and never invest what you can’...
https://www.richdad.com/creating-assets-over-cash
11/22/2022 6:00:46 PM
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