Investing in a Recession

I recently read this book. It was written in the end of 2006 - and released early 2007. Peter Schiff is a very intelligent investor and has made many predictions about the future and a majority of those have come true. This book explains why we are now faced with this economic slowdown and recession. I could go into major detail here, but it would probably mean 10 pages at least. I will give you a low down, and if you find it interesting I would recommend getting his book and reading it for yourself.
Some things I learned from this book were:
1. The truth about the GDP
2. Interest rates
3. The stock market
4. Investing in precious metals such as silver and gold
5. There are some real goon heads making horrible financial decisions for the country

I would highly recommend this book to anyone wanting to know why we are facing these difficult times. You will learn a lot about what the government doesn't tell you.

Here are some useful notes that I took when I was listening to Robert Kiyasaki's video on "The perfect business" (see you tube video below)

Have money work for you! - Idea behind Rich Dad Poor Dad.
The perfect business to retire young and retire rich!
ESBI (the four quadrants)
E - Employee (work for wages)
S - Small business (Dr. Lawyer)
B - Big business (Microsoft, Bill Gates, richest people in the world)
I - Investor (money working for you)
B & I side are those who want to be rich. Most people gravitate towards the S quadrant. Moving from E to S. S - If you don't work, your income stops. B- If you stop working, your income keeps coming in.
Most people cannot afford to build a B or I. 90% fail rate. Most businesses cost millions. Franchising is a good choice, but it's expensive. Network Marketing - richest people in the world build networks, everybody else looks for work. Low cost to get involved, spend 5 years working hard, will pay off. Most people don't have the stamina to stick it out. People have negative ideas towards network marketing. Build an asset to set them free. E & S don't know what a real business is anyways. They are working for someone else.
Freedom - Choices. E & S have given up a lot of their freedoms. They tell you when you have to get there, when you can go for lunch, when you get a pay raise. Etc...
Be Strong. Don't become a bully. Be smart. The world has changed. Get stronger! Don't let people push you around! More security you need, the less freedom you have. How many people at your job do you hate, how many people hate their bosses. If you are needy, you are weak. Network marketing makes you stronger. Network marketing is educating you to get stronger, and get smarter. Mental, emotional and core. You don't care what other people think of you. If you are weak today, you are giving up your freedom. You cannot become successful if you are asking permission for everything. (time off, sick leave)
Mentorship, spiritual training, toughness, etc is provided by network marketing.
Dreaming. - make sure you have a plan to get to those dreams.
Wake up NOW!
Job security is a joke, mutual funds are a joke! Your financial future is in the hand of the stock market. Not safe, and not smart. Largest expense the older you get is health care. You have money, you live, you don't...you die.
Fear - this is why people don't do things. The battle is internal. The Coward asks other cowards. They get bullied into being a coward. Have the courage to stand up and fight for what's right for you! Doesn't have to be what's right for everybody, but it's what's right for you!
Mentally, emotionally and spiritually strong! Network marketing should encourage you to becoming these things.
Corporate ladder is all the same. You look up and you still see that big fat butt above you. Network Marketing, if you perform you get paid, if you don't perform you don't paid.
Degree, Education, appearance - these things don't matter. It's about Performance. COMPETITION!
Corporate work, if you get better, you threaten their job. They want you to play it safe and wait your turn.
Final thoughts - Give freedom a chance. Keep an open mind. Don't listen to your friends who are timid and wimpy. Have friends who want you to get rich, and encourage you to get richer! Many people are ignorant, and pray upon your fear rather than have you overcome your fear. Don't let the coward win, let the courageous win.
If getting rich was easy, everybody would be rich. Don't want job security, want financial freedom. Don't let someone telling you what to do. How bad do you want your freedom?

Warren Buffet -
Born August 30th, 1930. One of Warren's mentors was Benjamin Graham. It was the philosophies of Graham that impacted Buffett to enrol in the Columbian Business School to study directly under him. Buffett believes himself to be 15% Fisher and 85% Graham. "The basic ideas of investing are to look at stocks as business, use the market's fluctuations to your advantage, and seek a margin of safety. That's what Ben Graham taught us. A hundred years from now they will still be the cornerstones of investing." One of the many things Buffett believed.
Schooling:
Buffett received a B.S. in Economics at the University of Nebraska, and then continued on to attain a M.S. in Economics at Columbia University. Shortly after graduating Buffett became an investment salesman, then moved on to become a Securities analyst, and finally he became a general partner and now CEO of Berkshire Hathaway Inc.
Life:
It may be a surprise to hear that Warren Buffett went through some hard times in his life. After returning home from Columbia University, Buffett took a job at his father's brokerage house. This is when he met Susie Thompson, who he came to marry. The two lived in a small run-down apartment that also housed many mice. They then had an addition to the family, Susie Jr., who slept in a dresser drawer in order for the family to save money. During all of this, Buffett was teaching night classes at the University of Omaha. Warren himself would have never seen this one coming. Buffett attended a course by Dale Carnegie which helped him conquer his immense fear of public speaking.
It didn't take long for Buffett before he received a phone c all from Ben Graham asking the young stockbroker to come work for him. Buffett and family moved to the suburbs of New York. The difference between Buffett and Grahams philosophies soon became apparent. Buffett was predominantly interested in the company, the management, and the value it held as a whole, whereas Graham was more interested in the numbers such as the balance sheet, income statement and could care less about the company leadership. Between 1950 and 1956 Buffett built his personal capital from $9,800 - $140,000.
In 1956 Buffett decided he would go into business for himself. He started with next to nothing, and quickly changed that to millions! Within the time span of 10 years the Buffett Partnership assets were up more than 1,156% compared to the Dow's 122.9%. The assets were now worth $44 million, and Buffett's personal stake was $6,849,936.
I could go on forever talking about how smart and impressive Warren Buffett is, but instead I will finish by saying that a majority of his money was made on the stock market. It wasn't luck that allowed him to be so successful. Buffett spent a long time researching each company he invested with. He knew about the management, the company's mission, and the company's overall value. If the price of the stock seemed low in comparison to all of these other factors, he would consider investing with them.

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