Thanks Anthony! Always love to read your posts!

Have you thought about writing a book?

When I become a multi millionaire, I will strive to help all those around me to succeed as well, and will look into ways to create a better future for the world i.e. by investing my time and money in the next generation to come after mine

Hi Marie,

Sounds like a great plan!

What is the secret PI sign and how do I join?

Cheers,

Kong

I have a spare ticket available, and am happy to give them to you free of charge

I just need your details to fill out in the form: First name, Surname, Email, address and phone number 

haha… I thought the same too Angel

And Jelovea2003…

I understand you worked quite hard and took quite some time to save up that money, but you shouldn't let one seminar ruin everything for you. Not all seminars and courses are the same. If you close yourself up now, you could miss out on many great opportunities in the future.

No worries Robbie, and thanks for the confirmation Jamie

7% still sounds quite good, and I'd love to lock in these interest rate for 25years or more. However from a brief search online most only fix rates for 5 years, and the maximum I could find was 15years.

Anyways, this might be a bit off topic, but I read somewhere that hedge funds are able to borrow from one country such as Japan at very low interest rates, to invest into investment vehicle around the world, which provide much higher yields than the cost of borrowing.

Does anyone know anything about this? Is this something the average investor is able to do as well?

I've pre-purchased my ticket to the conference but still need to organize annual leave, and book for flights and accommodation. Hopefully everything will go according to plan and I should be able to attend this mega event 

Rollover 1981… world economic collapse

I think the US has a reached a stage where they cannot do anything except print more and more money, and eventually its status as world reserve currency will need to be replaced by a more stable currency, possibly with some sort of gold backing to it. Printing money will give the illusion of prosperity, and things will appear to be going up in nominal terms, but the reality the dollar is losing purchasing power.

Back in the 1980s Paul Vaulker was able to contain inflation and defend the dollar, by raising the Federal fund rate from 11.2% to 20% in June 1981. Times have changed drastically since then. The US is no longer the largest creditor nation, but is now the largest debtor nation in the world. Unemployment levels are at record levels, and these figures are distorted because they do not include people that have given up looking for work. Furthermore, the Federal Reserve is headed by Ben Bernanke, also know as 'Helicopter Ben' who will do whatever it takes to fight deflation, even at the cost of the US$.

I guess I'm part of Generation Y, and I did have trouble with budgeting my money on my first year out in the workforce. Each time I got a paycheck, I got excited and thought about how I could spend it. And by the end of the year I wondered where all my money went.  

Fortunately, I never used debt for any of my purchases and I have become a lot wiser since then, after educating myself financially by reading books such as 'Rich Dad, Poor Dad' by Robert Kiyosaki.

One thing I found that worked extremely well for me was the concept of 'paying myself first'. As soon as I received my paycheck, I would pay myself 30%, and then use the remainder of the funds to pay for rent, bills, living expense, leisure etc… It wasn't long before I managed to save $10,000 and had to think about what to do with the funds. It was tempting to use the money to buy a sports car, but I decided to delay my gratification and buy some shares in mining companies instead. What was exhilarating was the fact that the shares had appreciated to $15,000 the next month! At that time I thought 'Wow, this definitely beats leaving the money in the bank, where I would earn only $500 in interest per year'.