Currency vs Money, EP1 with host Mike Maloney

Monday, March 4, 2013

Currency vs Money, EP1 with host Mike Maloney

Gold and silver are the ultimate money, simply because of their properties.
Fiat currencies are based solely on confidence, and always return to their intrinsic value of zero
Rising prices are a symptom of an expanding currency supply
Gold and silver always account for an expanding currency supply
GoldSilver.com

The money of choice for her is, silver! What's yours!?

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The thinking of the super rich about money!

Own collection of ASSETS that generate cash

Focus on growing companies that generate DIVIDENDS for years

DIVERSIFY Income Sources as well as Assets

Prefers PASSIVE INCOME vs Active Income

Understands the nature of MONEY; It's like a seed!

Make its own LUCK; preparation meets opportunity

Calculates the VALUE of specific assets

Understands Tax rules and hires good tax accountants

Thinks of BUSINESS as a game; balance sheet=score card

Realizes money is a FUNGIBLE COMMODITY

STABILITY; diligently invested and built wealth over time

From- Secrets of the Capitalist Class; by Joshua Kennon

Monday, March 4, 2013

Currency vs Money, EP1 with host Mike Maloney

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