Big 3 Bailout/loan total FRAUD

I'm sitting here in disbelief that the big 3 automakers are in Washington asking for these loans totaling $34 billion. I see that Toyota/Nissan/Honda is working in the same environment as the big 3, yet they are in no financial trouble. The Japanese auto companies are even expanding in the US and are still profitable.

As I see it, the US automakers are operating on a poor business model on two fronts. One, they are building cars that are not competing well with the world auto market and, secondly, the contracts with the United Auto Workers Union don't fit with reality of the world today. My point being is that unions in general are a JOKE and are OBSOLETE. Why are the big 3 still funding retirements on the old model of the defined benefit pension? Why do they EVEN DEAL with the UAW?

The big 3 are paying, including retirement benefits, somewhere near $78 an hour where Honda, Toyota and Nissan are paying around $35 an hour. I read somewhere that the UAW contract allows workers to collect up to 90% of their pay as they sit in a "job pool" waiting for work. That's welfare as far as I'm concerned and not sustainable for the long term well-being of the companies.

The defined benefit pension essentially met its defeat in 1974 after the US Congress passed the ERISA act. The act basically put the power of retirement investing into the hands of the employee and not the employer. Essentially, it evolved into the 401k.

My solution is to breech all UAW contracts and FIRE ALL the union workers. Then, hire them back under a REASONABLE agreement that suits the 21st GLOBAL economy. TAKE IT OR LEAVE IT.

So, this bailout/loan will just delay the inevitable- the bankruptcy of the big 3. It may be a year or two but that's my prediction. If they went bankrupt now, they would emerge so much more powerful and be able to compete globally for the first time in a long while.

Fat Chicks and Aliens

Hello All,

Sorry I haven’t written in a while. Been very busy taking phone calls from people panicked about this recession/depression thing.

If you listen to my buddy, Roberto K, he’ll tell you that we won’t hit a depression because the powers that be will continue to print money which will create inflation. Then hyper inflation hits and the value of the dollar becomes worthless. But at least we didn’t hit a depression. It’s like my second wife. . . you know, a totally hot chic who gets depressed, then eats to temporarily suppress the pain, then hyper inflate from all the eating and basically becomes worthless piece of . . .

If you listen to Bob, my fellow blogger, he’ll tell you this is a great thing because the hyper inflation will cause the price of silver to go up and he’ll make a fortune. What jerk. “Hey Jack, did you here the great news? Hundreds of thousands of people are losing their jobs. Isn’t that cool? My silver will be worth more now?” He reminds me of my 2nd wife too. She celebrated when Crispy Cream closed down. Forget all the people losing their jobs, she celebrated at the discount doughnuts from the closeout sale. God I hated her. So Bob needs to shut up and find a way to make money without the destruction of lives. Hey Bob. Shut up!

Anyways, all this joy from the destruction of peoples’ lives is premature. The fed is most likely going to jack up the money supply, BUT there isn’t going to be extra money floating around. The stock crash and the real estate crash have suddenly reduced the amount of money out there. The fed would have to put trillions of dollars in just to keep it balanced. So there isn’t any inflation or hyper inflation here. The whole recession thing is just in people’s mind since the fed is putting money in, and the whole hyperinflation thing is just wishful thinking.

So let’s calm down all this craziness and fear. Godzilla isn’t coming to town, neither is Santa Claus. All the layoffs are just panic from greedy executives.

Our course I could be totally wrong and Bobby Big Bucks could be totally right. But lets say he is and the US has hyperinflation. Big deal. Since every other country is so linked to us, then they get hyper inflated too. Its like my 2nd wife getting fat. If all the other girls in the world would have gotten fat too, it wouldn’t have mattered. I’d just need my wife to be the best looking fat chic.

Or lets say Bob the blogger is right and this hyper inflation is just a tool of the ubber rich to create one world government. Well cool. Then we can be united against the green skinned, snake tongued alien threat he keeps warning me about.

That’s what this financial crisis boils down to. . .fat chics and aliens. I’ll take a thin, large breasted alien any day.

Jack B. Calm

Sales Equals Income or Smurfs are Tittilicious

There exists, in this universe, a batch of magic. In this batch of magic lies a few deep wisdoms hidden from the common mortal man. These magical wisdoms are not completely lost to us though. We all know it. There is the occasional secret that has made its way into a human ear. There is evidence of it everywhere.

Go to a few bars, pretty soon you’ll see one of these secrets. There’s a skinny little twit boy surrounded by a large breasted, thinly waisted, puffy lipped, tan mob of ubber hot chics. And just to make it more painful he is fondling two of them. You know the rest want to be fondled too, but this poor skinny bastard only has two hands, so the others will have to wait. Crap, if I’m lucky enough to get attention from a decent looking chic, she sure isn’t going to let me fondle her and she’s especially not going to let me fondle all her friends. Nope. This twiggy pencil dick has been told a universal secret. And the prick sure isn’t telling it to me.

You see the same thing with money. Once in a while you’ll find a stupid hillbilly whose mother is also his sister and his dad is also his uncle George, but who is also filthy rich. These are the dipshits who made jeans with holes popular. Hillbilly gear by Armani. . . Shut UP!

Now imagine if a good looking guy learned the secret of woman, or a smart guy learned the secret of money. Shit! That guy would be SET UP! Well, I’m not good looking, but I do have the occasional brain cell. If I can just learn the rich people’s secret, THEN I can get the plastic surgery, go learn the ugly guy’s secret and RULE THE WORLD! Or at least get laid in a Lamergini.

This is why I work at Rich Dad. . . to get laid in a Lamborghini. . . and to gleam some inner secret of the rich. Something Robert Kiyosaki knows, but he’s not sharing. Well, I’ve been here over two years. I’ve gotten Robert stupid drunk. . . learned nothing (other than his fetish for smurfs). Sent super hot shirtless woman after him . . . learned nothing (other than he REALLY loves his wife or he’s gay). Sent super hot shirtless men after him. . . learned one thing (he loves his wife). Finally, I decide to just ask. One thing. What’s the biggest thing? TELL ME THE SECRET!!!

Sales equals income.

Duh. Shut up. Please tell me something that I’m not already born knowing.

Sales equals income.

I know. I know. Go play with a smurf.

Sales equals income. Hear me. You’re listening, but you are not hearing. Sales equals income.
I do not care what you are doing, you are always selling or being sold. Whose going to buy who’s shit?
You want that chic to think you’re worth the time, she wants you to thinks she’s not interested. Who’s gonna buy who’s shit? You want to tell your boss how hard you’re working and your boss wants you to work harder. Who’s going to sell and who’s going to buy?

Your hair, your posture, the car you drive, the clothes you where. You are selling. You’d better be damn sure you’re selling what you want people to be buying. Yeah, I love smurfs. I do not walk around in smurf underroos. For one thing they are too tight on me and ride up my ass, but for another, I’m selling myself as rich and powerful.

Why does it matter that I’m always selling? BECAUSE SELLS IS INCOME. God, you are stupid.

I’m still visioning Robert in his smurf panties. I’m trying to focus on what he’s saying, but smurfaroos. Come on.

Robert continues. . . Accounting is income. No.
Legal is income. No.
SALES is Income. You can’t have the rest without sales. Sales. sales. sales.

With the economy crashing, what are you going to do? Hire another accountant? NO!!! Beef up your sales department, because you’re going to need every sale you can get.

Suddenly it dawns on me. This IS the secret that skinny nerd at the bar knows. He’s sold himself as something special. This twit has refused to buy the “I’m special” routine and instead sold the “I am special” routine and now he’s got fists full of tittilicious, soft malleable boobies.

I thank Robert for sharing his secret wisdom as he drives off in his smurf blue Lamborghini.

Jack B. Loo

Book on Federal Reserve

In this past Tuesday's meeting, Robert started out talking about this bailout and brought up the book, "The Creature from Jekyll Island", a book about the Federal Reserve. This book is about a group of rich and powerful people who met on Jekyll Island off of Georgia in 1910. They came up with the plan for the Federal Reserve which was formed in 1913. It turns out that the Federal Reserve is not Federal but a private corporation. It's not a bank and they have no reserves. They simply print US Dollars at will and since '71, those dollars have no gold backing.

I've started reading the book but nowhere near finished (500+ pages). Robert believes that this financial system was set up by design and now we're seeing it start to break down with the failures of Lehman, Fannie, Freddie and the $85 billion loan to AIG. This $700 billion+ bailout is probably going to be much higher then what they are saying. More on this bailout and the book....

"Injecting" liquidity" into the financial system- What a FRAUD!

How many times have we heard over the last year from the mainstream media that the federal reserve was going to "pump liquidity" or "INJECT" money into the financial system? What does that translate to? Is there some bank account out there with countless trillions of dollars waiting for withdrawal? The answer is yes.

This phantom bank account is administered by the "federal reserve bank" and they control the money supply of the U.S and ultimately the world. They have the power to print and electronically create US Dollars and as much as they want.

So, after this week's failure of Lehman Brothers and the buyout of Merrill Lynch along with the bailout of AIG, we hear again of this "injecting" $247 billion of liquidity into the markets to keep banks afloat.

The "injection" of money into the financial system only further dilutes the money supply, thus reducing the value of the US Dollar.

Why is it that the American public is completely CLUELESS on this point?

How long do you think this can go on before a global economic collapse occurs?

Please respond

Hello All,

I need a little help. I have a question that has me stumped, so I’d love some feedback. Here’s the question: Who cares if Lehman Brothers goes belly-up? Who does this really effect? I can understand the rare individual who placed his/her whole retirement plan in their stock. I get that. But generally people invest in mutual funds, stupid as that may be, and while this may hurt the mutual fund, it doesn’t wipe it out. So it kind of sucks, but doesn’t ruin anybody.

Then I hear it effects inflation. Does it? The government didn’t bail them out. The government did not print more money to fix the problem. Where’s the inflation? From unemployment? Then we should bitch about the automobile industry more. They shut down plants all the time. Or we should complain about the companies that ship jobs overseas.

The government didn’t raise taxes to bail them out. That argument is a joke anyways. We don’t raise taxes, we just print more money.

So I don’t get it. Help me out here. Is there anyone out there who is truly effected by this? More than the rise in gas prices?

Jack B. Confused

Accountants and Lawyers Aren't Green or Triple Breasted

I don’t know if you’ve watched the Tuesday meeting from the 9th or not, but one thing from that meeting really connected with me. The article for the meeting was: NEW RULES FOR THE NEW ECONOMY…….Kevin Kelly.

The part that really made me stop and think was:

10) Opportunities Before Efficiencies. As fortunes are made by training machines to be ever more efficient, there is yet far greater wealth to be had by unleashing the inefficient discovery and creation of new opportunities.

This speaks to a character flaw of mine. I tend to jump before think. I fail to research the height, distance and softness of the ground I’ll be landing on. This has gotten me in more trouble than I can express here. Like the time I just wanted to get drunk and get some action in a new town. A little research would have prevented me from going into that gay bar. FAB-U-LOUS!!! Or the time I was depressed and went to the nearest “church” to get some spiritual uplift. I didn’t even know churches existed to worship green skinned aliens with three breasts and ten arms (yeah, TOTALLY hot!).

BUT, sometimes this trait is good. I met my fourth wife and married her after only three weeks of knowing her. I’ve been all over the world and met all sorts of people (including possible alien descendants – no, only two breasts) and experienced all sorts of crazy and adventure.

In business it’s good too. Robert, or Daddy Bigbucks as I like to call him, always says you cannot have a company run by accountants and lawyers. They will never take the opportunity, or the adventure. They will stick with what they know and die a slow death. They will become more efficient and drain every cent from every dollar, but they won’t see new opportunities and eventually the world will pass them by.

Business needs to be headed by a visionary, someone who sees an opportunity and jumps. Then he/she can let the dullards, I mean, accountants and lawyers come in and make the landing smoother and efficient. If the geeks, I mean, attorneys and accountants had to do the jumping they would spend all their time researching wind speed, angles, trajectories and crap. They would never jump.

Of course if everyone in the company was a “jumper” then it would look like medusa’s hair – going in ten directions and with no true shape. Not to mention creepy and poisonous, hmm maybe SHE was an alien. If everyone was a bore, I mean, accountant or lawyer the hair would look perfect. It’s just that it would be a hair cut from the eighties – FOREVER. Think Flock of Seagulls. They HAD to be aliens.

So my point is, that a company needs both the visionaries and the wieners, I mean accountants and lawyers. Just make sure the visionary is in the lead and wieners are tucked in.

Jack U. Oupp

New book- "Guide to Investing in Gold and Silver" RD Advisor Series

I just finished reading Mike Maloney's "Guide to Investing in Gold and Silver". Mike has made a compelling case that sooner, rather than later, the US Dollar is going to tank and everyone will be running to gold and silver to protect their wealth. The good news is that NOW is the time to get in on both silver and gold- before the HERD of people start rushing in. Mike states that this opportunity coming could be the best investment in history.

The book starts off with the history of other empires that have used a fiat currency and how they have failed 100% of the time. The United States has been on this path since Aug, 1971 when President Nixon took us off the gold standard. There are a lot of interesting facts in this book but not too many to bore the reader. He explains that gold and silver will revalue themselves periodically in relation to the amount of paper currency printed. For example, the M3 money supply (total printed money in circulation) was ~$1.7 billion in January, 1980 when gold hit $850 an ounce. Today, the M3 is estimated at $14 trillion, a 7.7 times increase in the amount of currency. With that said, gold, when it adjusts, should be $6,118.00 an ounce...

Mike goes into today's current economic climate, then predictions for "tomorrow". He concludes with the final section "How to Invest in Precious Metals".

I recommend this book if you are unsure about silver and gold relating to investing. There's so much documentation and research behind it. I've never read an investment book with this much passion put into it. Now is the time to buy as silver is down again to $10.44 (9/11/08) from $20.81 (3/14/08). I have invested in silver for the long term.

Silver sure is OZ

Hello All,

Have you seen the price of silver? What the hell is that? We get Mike Maloney, an “expert”, to come on insiders and tell us how great of an investment Silver is. It’s the sure thing, growing like a teenage boy’s erection. We publish his Advisor book, Guide to Investing in Gold and Silver, and what happens? The metals get shy and start hiding. Next thing I know this giant of investment, this “most undervalued” asset is cold and shriveling up. Mike says that it will go up to infinite growth, and all that happens is the metal giant gets castrated. Think Tin Man on Wizard of OZ. Nothing’s there. What’s up?!?!

Hold on. Take off your panties and put on your big boy pants. Wipe your face off and SHUT UP!

This is one of the points Rich Dad teaches. Ever since the mastermind, Nixon, took us off the gold standards the markets have no foundation. They fluctuate wildly. A lot like my bi-polar third ex-wife. Every day we get further from the days we were anchored to gold, our economy’s mood swings get larger. Imagine a bi-polar woman suffering from chronic PMS. One day she’s sweet and lovey and the next day she a combo between Lorena Bobbitt and Elvira trying to skin my . . . Well you get the picture. This is our economy.

So this sounds a little scary. I’m scared. Robert, or Robbie Rob, as I like to call him, is not. In fact he kind of thinks its funny. When you’re watching the insider videos listen to his laugh. He’ll start imagining all us Financial IQ retards running scared and crying and he starts to laugh. It’s an evil laugh, it sounds like a snake hissing while being tickled.

Robert says that if your Financial IQ is up there then you make money every time the market swings. The more it swings, the easier it is to make money.

So chill out. The market’s swinging. It will swing back. It’ll swing back bigger. The metal giant will become erect again; the Tin Man will find his “parts”. And when he does Dorthy better watch out, Bi-polar or not.

Jack N. Box

The 2008 US Presidential election is a Total JOKE

For six years I've heard Robert say over and over again that both the democratic and republican parties are no different from one another. After the 2004 election, I started to believe him. As I watch the DNC and RNC this year, I can see that they really are the same. Both parties want to increase spending (even though they talk about cutting it), both claim to be able to deliver on outlandish ideas, and both make promises to make the United States more secure from "terror". I think the current system of politics is laughable at best. Especially when it's pretty clear that the republicans cut taxes but print more money (deficit spending) and the democrats raise taxes and print more money as well.

I bring up printing money because the United States has been freely printing dollars since Aug, 1971 when President Nixon pulled us off the gold standard. What does this mean? It means that there is nothing backing the dollar- only confidence is keeping the dollar propped up. This is what has kept me from being positive in a presidential election- the fact that money is printed, the US goes deeper in debt, and the rest of the world MUST continue to invest in the US in order to keep this whole thing going- NO MATTER WHAT PARTY IS IN POWER. The United States is an empire and a using a fiat currency- someday, that empire will fail and have to pull back as did the British Empire along with countless other empires....

The United States has set up a police station in the Middle East- namely Iraq and Afghanistan.

The idea that the Iraq war needs to come to an end all all troops will be withdrawn is a joke and will never happen. Yet Barack states that's what he wants to do. McCain claims that we need to "win the war on terror".

Do you really think that the US will pull out of Iraq under either party after the largest US Embassy in history was completed in Baghdad?

Do you really think that the US will pull out of Iraq, located in a region where 65% of the recoverable crude oil on the planet is located?

I would like to think that this scenario will change for the better but I'm highly doubtful. Barack Obama's claim that he can "change" America is just as laughable as McCain's. What a joke.....

Pay Yourself First

So I wanted to start this blog with one undeniable truth. . . The Arizona Cardinals are going to win the Super Bowl this year.

Anyways. . .

Here at Rich Dad I often get A LOT of questions about Robert, or what did he mean when he said. . . , so on and so forth. So I thought I’d tell you about the number one question that I get.

“Hello Jack what does it mean when Robert says, ‘Pay yourself first’?”
I hated getting that question. I had no clue.

I figured it showed that Robert had forgotten what it was like to be an average Joe. That Robert could no longer remember the days when his shirts were ripped, when he drove around in a rust covered convertible Karmann Ghia with moth holes in the cloth top. When he couldn’t get a date because he couldn’t afford toothpaste or deodorant. Or, dare I say it, when he had to fly commercial coach class (oh the horror).

So the other day I decided I would ask Robert. Sure this sounds easy. I want you all to imagine going to your boss and saying, “hey boss, I know I’ve been working for you for a while, but I don’t understand on of the foundational truths we present in our company.”
It makes you feel a bit stupid and like a total Jack A$#. Its like going to your wife of 10 years and saying, “I understand monogamy is an important part of our marriage, but I don’t really get it”.

But, I’m tired of not understanding and I’m tired of being to afraid to ask Robert what that means. So I ask.

Robert turns around and TOTALLY starts screaming at me. He’s spitting as he goes into his temper tantrum about how stupid I am and what a loser and why am I even bother to work here if I’m so unteachable. . .

I’m kidding.

Robert just turns to me and says, “Did you read Financial IQ? (his latest book)”.

God. I wanted to lie SO bad. I needed to lie SO bad. But I said, no. I hadn’t gotten around to it yet.

That does set him off. “You stupid A hole, if my own people don’t want to learn, what hope is there for the rest of the world?!” Then he hauls off and hits me!

I’m Kidding.

Robert says that I really should read it, because I could learn a lot from it. But then he gives me the answer to the question.

“What I mean when I say pay yourself first is. . .pay yourself first. That’s it.”

Then he looks at me. I’m afraid to ask the next question. Especially since I already told him I didn’t read his latest book. But I’m in this deep, so I say, “I don’t get it. I’ve got bills. Shouldn’t they be first? How can I not pay my bills?”

He looks at me. Now he looks tired. I’m trying to maintain eye contact through my shame, but the gravity of the floor keeps trying to pull my head down.

Finally he says, “Look Jack, it’s simple. Pay yourself first, NOT your bills. Then, when the bill collectors start screaming at you, you’ll find the money. You’ll find a way”

This makes sense. When my business started going under, I always found money for my loudest bill collectors. The rest I pleaded and begged with to get better terms. Its painful, but it is true. I guess by paying yourself first you create a motivator for you to get your finances straight and better terms. In the meantime, hopefully you find a way to take your savings and create cash flow. I suppose the desperate situation you place yourself in will also help you keep your eyes open for opportunities.

So if you’ve heard Robert say, “Pay yourself first”, but never understood, hopefully you do now. Courtesy of my shame.

Jack B. Shameful

YOU HAVE THE LIFE YOU WANT

I have the life I want-you have the life you want. If I really wanted something different I'd do what it took to get it. What really needs to be looked at though is what am I willing to do to get what I want. Say for example weight. Simply putting down the fork and working out more. More exercise and less food--plain and simple. Maybe a comfortable style of life with enough money. But what does it take to get there--some education, some "just do it" attitude. What am I giving up to get there? Is setting goals enough? What about a PERT chart?

Comments on a Tuesday Morning

Hello All,

First of all thanks for all your responses. They make this 'blogging' stuff kind of fun.

Today I thought I’d blog about our Tuesday 7:30 meeting. It should get posted Monday if you choose to view it. We tried to post on Wednesday, but ran into technical problems. Our editing MAC computer crashed. . . again.

We had the usually doom and gloom stuff that really make it a great way to start your morning, you know “we are in a recession and heading towards a depression” go out and buy a gun because people will be going crazy. The whole time I fantasize about following Robert’s, or Papa Money as I like to call him, advice and getting a gun, but then I’d want to shoot myself so I can stop listening to this flood of misery.

But then Robert or Papa Money kind of switched gears and turned the “kill me now” speech into a lesson about leadership. He makes a great point that there are four different kinds of people: people who must be liked, must be comfortable, must be right or must win. Of course this begs the question about ‘tweeners. There must be ‘tweeners, kind of the transsexuals of the types, red stiletto heals with a big hairy beard sort of feel. These Trans-types could have parts of “must be comfortable” AND “must be liked.” We could call them comfikers. . . or something. Maybe likforts. I don’t know.

Anyways, each kind of person needs a different leadership style to get the most out of them. Not just people. Different situations also require a different style of leadership.

So this leadership style is on a scale from 9.1 to 9.9.
A 9.1 Is a lot like my dominatrix’s style. Zero listening and a lot of barking. I know every time she speaks there is going to be spit flying and unless I’ve let my earwax build up, my ears will be ringing for hours.
A 9.9 style of leadership is all buddy buddy. Like a stoned out hippy from the sixty living the love and peace lifestyle or like a boss I had who was always trying to get in my pants. They talk to you like they are a smooth jazz DJ and the only thing they care about is your happiness. Course he kind of turned into a 9.1 style when I kept saying “no”.
Now those are the two extremes; there are multiple styles in between these. The point is that a good leader is versatile enough to be a 9.1 AND a 9.9 and a good leader can read an individual and the situation and know where he/she needs to be on the scale to get the desired response from the follower.

After our meeting we have our, “I feel like saying” meeting. Here we all sit in a circle, hold hands and sing songs. After the singing we all go around the circle and say whatever is on our minds. Bob, who also blogs here used his time to discuss the Peak Oil theory… What a comfiker!

Jack B. Comfiked

Wed, August 27th- Talk of Depression

Over the past couple months, the issue has come up in our Tuesday am meetings from Robert regarding the "coming depression". I've spent quiet a bit of time looking into this possibility outside the RD Company. Robert (this past Tuesday am), brought up the idea that there are two types of depression- Economic Depression relating to the economy and Depression in terms of how an individual is mentally, spiritually and emotionally. Robert stated that there are a lot of people falling into the latter category RIGHT NOW with the job losses/homes being lost through foreclosure, etc (even though we aren't in a depression but a recession).

A recent Time Magazine poll stated that 78% of Americans would give up some of their income for more security. I'm guessing that some of those people are baby boomers without enough retirement and want the government to save them.

The more the government prints money and bails out these failing banks, the more inflation we are going to see and the standard of living continue to slip for the middle class. Thus sinking towards depression. It's time for Americans to get a clue on this world reserve fiat currency we use- the US Dollar and the potential disaster that lies ahead. These two presidential candidates are a JOKE and cannot fix this US currency problem. There's really only one political party in America but two ineffective factions of that one party- Democrats and Republicans.

Personally, I'm not voting in a presidential election again until the following two things happen:

1. A strong leader who will put the United States BACK on the Gold Standard (the US has been off the gold standard since 1971)

and (off topic here)

2. A new investigation is opened up on the September 11, 2001 attacks on the World Trade Center and the Pentagon as this event is the clusterfuck of the 21st century and the fact that most people buy the "official" story is as pathetic as OJ Simpson being found not guilty. I strongly recommend that all of you look at the other points of view on this. (more on this to come)

For now, I am beginning to prepare for a potential economic depression. Even if it doesn't happen, it's better to be prepared then not.

Robert Kiyosaki's CNBC appearance Aug11th

Although it was great that CNBC had Robert Kiyosaki on and gave him more exposure to the public, I thought the topic of "Do women save less than men?" was rather pointless. The host made accusations that more women are out in a mall shopping then men. Well, that may be true in the mall scenario but it doesn't mean women spend more than men. Robert made some good points regarding investing and using leverage. The reality is that both men and women need to spend less and think more about their retirement. I don't have much to comment on this interview.

CNBC - Women aren't savers/losers

Okay, so we’ve been given a little blogging “direction” and have been “asked” to blog about Robert’s latest appearance on CNBC.

The whole segment was about how women have less savings then men. So the “panel” discusses that women work fewer years then men, live longer and get paid less. Blah blah blah. We’ve all heard that before.

Then this big fat guy with the triple chin threat who has never ironed a shirt in his life decides to chirp in about women and their bad spending habits. Next thing I know he explaining that his wife has to buy his underwear for him. What the hell is that? Now I have a visual in my head about some fat guy with holes in his underwear and beer stains on his shirt, shouting at his wife that he needs new underwear. The fat guy goes on about women spending his money blah blah blah.

So I can’t help but thinking this guys a real idiot. If he wants to play “the sexist guy” than pick on women for real things, like the fact that women can’t drive, women are multi-personalities and moody, women are needy, way too dramatic, and have a hard time with logic. But to say they have fewer saving because they spent their whole lives shopping is just plain stupid.

I know for a fact that Robert, or little Bobby K, as I like to call him, shops WAY more that Kim. The other day he came in the office with 4 taser guns and three pictures of Mick Jagger. What the hell is that? Then he comes in with an order of 7 air purifies that he bought from an infomercial. I can’t wait until he brings in the flying toy helicopters. Guess what Kim brought in from her shopping excursion? . . . wait for it. . .NOTHING. So either Kim and Bobby K have had a body swap type of experience or this fat guy on the TV is full of bullhocky.

Anyways. . .

Finally Robert and the other guest, a well spoken woman, jump in and save the show’s integrity saying that yes financial discipline is important, but the most important thing is to get financially educated.

I was hoping Robert would have gone off on this guy. The whole bit. He could have said, look ding dong, savers are losers, so I guess that makes you the loser and your wife the genius. Then hit him with the old, Health is Wealth routine and told this fat slob that he’s looking a bit below the poverty line.

Oh well.

Jack B. Disappointed

Are men more disciplined than women?

Interesting interview on CNBC with Robert and Stacy Francis. We could go all day with whose better at this or that, men or women. Is it really a gender issue? Savings is a decision and a discipline and has nothing to do if you are male or female. The "traditional roles" have gone out a long time ago when us little women were given the right to vote. I am more disciplined in some months than others. By writing this I can see that and will make immediate changes to correct that piece. Do you save? What are you saving for?

Here's Jack

Hey, my name is Jack. I’ve been married for 11 years and I’m a father one little boy (4) and twin girls (2). My financial perspective comes from the point of view of a failed entrepreneur with a personal bankruptcy, the whole 9 yards of failure mistakes and learning opportunities.

I came here to the Rich Dad company to learn where I made my mistakes and to learn how to do better next time. That said, I have a cynical nature, a dark sense of humor and never just believe what is taught. I tend to question EVERYTHING. Which drives a lot of people mad, especially my bosses here. While I really respect Robert and Kim I abhor hero worship and that will probably come out in these blogs.

I was told I was picked to blog because I can be over opinionated and a bit of a loud mouth. The Rich Dad powers that be seem to think this blog needs a voice out there who will be willing to disagree with the company and Robert. Of course this makes me a little nervous since, last I checked, Robert knows how to read.

Kathy's Intro

Hi, my name is Kathy. I have been with Rich Dad about eight years. I was asked by Robert to participate in a blog for INSIDERS along with Bob and Jack. I am the token female to balance out the group. Otherwise it would be like Archie and Jughead without Veronica--for those who can remember back that far! The question I ask is why do people participate in blogs? Is it a form of entertainment? Are you really interested in another view point or just confirming on why you knew you were right to begin with. And then some people write and some only read. I suspect the read only group doesn't have an opinion or most likely afraid to put themselves out there as they become vulnerable. This will be a new experience for me. I will put my "diary" out there for you to read. I will be vulnerable and it'll be fun. It's like submitting a school paper without restrictions, no word count, no predetermined topic, no rules, whatever I want and that's a beautiful thing.

Introduction to Bob

I'd like to start off by introducing myself. My name is Bob and I have been working for the Richdad Company for just over 6 years now. I was asked to contribute to INSIDERS by writing a blog on any subject that interested me. Issues include disagreeing with Robert on something to subjects such as geopolitics regarding oil and conspiracies regarding the 9/11/2001 attacks on NYC and Washington D.C. I also may debate Jack, who will also be blogging here as well. I think I was chosen to blog for INSIDERS because I am an outspoken person in this company on many subjects and not afraid to voice an opinion on something whether it was asked for or not!
I am most certainly a different person than I was 6 years ago. If I had to pick the most important thing I've learned from Robert, it would be to see other points of view other than the ones I hold. The idea of being open minded on everything was disturbing at first. I didn't know why I should care about other viewpoints other than my own. I hope that all of you will research what I discuss and try to understand the position I’ve taken EVEN IF you don’t agree with it. That’s what I challenge you to do. Thank you for reading.