Counteracting Financial Ignorance


I’ve been a member of this blog for quite a while now.

It seems to me that we struggle because we don’t get ‘money’ or ‘finances’ as a subject in schools.

Why do you think that is?

The banks keep paying out 2 and 4 per cent on your savings, while the international shares indexes keep generating 10 to 12 per cent to their investors.

Here’s some interesting facts I found out recently …

Did you know that a one-time contribution of $10,000 doubles in value three more times at 8% than at 2%? With 2% interest, it would take 36 years to double in value. At 8% it doubles in only 9 years.

The banks make huge profits while we remain financially ignorant. I am not saying that you and I are foolish or stupid. We just dont have the financial intelligence that a banker would have because, like mushrooms, we are kept in the dark and fed … well let’s call it manure, shall we? 😉

So, in order to counteract that in my own small way, I thought I’d poast a list of some of the books the banks don’t want you to read. Becoming financially lilterate is THE way to go. Make your life easier. This is NOT rocket science!

“Rich Dad, Poor Dad” Robert Kiyosaki

“Rich Dad’s Guide To Investment” Robert Kiyosaki

“Think & Grow Rich” Napoleon Hill (bit dated now but concepts are fairly sound)

“The One Minute Millionaire” Mark Victor Hanson & Robert Allen

“Striking It” Jaclyn Easton

“From Rags To Riches (Through Real Estate)” Russ Whitney

“Synchronicity” Joseph Jaworski

“Money and the Meaning of Life” by Jacob Needleman

“Beyond the Chains of Illusion” by Eric Fromm

“The Power of Intention” By Dr Wayne Dyer

and last but not least

“The ABCs of Making Money” by Denis Cauvier and Alan Lysaght.

You don’t have to read all of them. Indeed, you don’t have to read ANY of them! But I suggest that at the very least, you read Rich Dad Poor Dad. Then, if your interests have been stoked, take your pick of what seems most up your street.

Best wishes

from Sam

PS We avoid things because we fear that they make us feel uncomfortable. So, as you dip into this, know that you will have some feelings in your body that you maybe won’t want to feel. But that is ALL it is – feelings in your body. Feelings cannot kill you. Get used to feeling those feelings and you are truly on your way!