Tuesday, November 24, 2009

FINANCIAL POSITION

  • Be your own financial advisor  
  • Why get rich? One reason: If you do not decide to become rich, the chances are you will become poor
  • If you want to remain in the middle class you may need to consider living in China or India
  • The middle class is disappearing the same way the polar ice caps are disappearing- slowly, surely and catastrophically
  • However, people in China and India's middle class often aren't living any better than many American poor people
  • The biggest risk we have now is not being prepaid for the future
  • We can study China and position ourselves to benefit from the changes
  • India is the world's largest, oldest continuous civilization
  • In the last 10,000 years India has never invaded any country
  • India is one of the few countries in the world that gained independence without violence
  • The art of navigation was born in the river Sindh 6,000 years ago
  • Sanskrit is the mother of all European languages
  • India was the richest country on earth until the 17th century, when the British invaded
  • Chess was invented in India
  • India invented the number system
  • Albert Einstein said: "We owe a lot to the Indians," who taught us how to count, without which no worthwhile scientific discovery could have been made
  • Algebra, Trigonometry and Calculus originated from India
  • The value Pi was first calculated by the Mathematician Budhayana, and he explained the concept of what is known as the Pythagoren Theorem. He discovered it in the 6th century, which was long before European Mathematicians
  • India is the largest speaking English-Speaking Nation in the world
  • 38% of doctors in the U.S are of the Indian descent, 12% of scientists are as well
  • They represent the wealthiest of all ethnic groups in the U.S as well as globally
  • Mark Twain said: "Don't go around saying the world owes you a living, the world owes you nothing it was here first."
  • Everyone has money problems
  • If you want to make yourself rich, solve problems
  • Every generation will have its own unique set of financial problems
  • The baby boom generation faces a set of different financial problems

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