Warren Buffett said, "It's important for society to have accurate and informed sources of information."
This very statement made me decide to have a financial mentor to guide me in my investments. It is very crucial especially for a newbie like me. I need to invest for my future and to increase my cash flow.
Robert Kiyosaki said, "That there are two things professionals invest for: 1) Capital gains, and 2) Cash flow."
He further cited examples of these two.
Capital Gains
Here's an example of capital gains for a great price: Back in the 1990s, every time I had some extra cash I would buy some gold or silver. Although I didn't receive any cash flow from gold or silver I knew I was purchasing the metals at a great price, and that someday those prices would rise again.
Cash Flow
An example of buying for cash flow at a great price is when I buy a stock that pays a dividend. I wait until the stock market dips and then buy, which is what I'm currently doing. Every time the market drops, I buy more of this stock at a great price, because I love the cash flow from dividends.
Combination of Capital Gains and Cash Flow
Finally, an example of buying both capital gains and cash flow at a great price is when I find an apartment building at a bargain, and then increase the rents. By doing so, I increase the cash flow and the property value, which translates into capital gains.
I ask myself, as of this very moment, where do I invest my money for Capital Gains or Cash Flow?
But when Robert Kiyosaki was ask, what do you invest for? He said, both.
As for me this is a very accurate and informed source of information. I love to hear from the great investors and leaders of our time. They are the sources of information I really need to hear.
I want to leave this question to you, who do you listen to? What information do you constantly get? And where is that information coming from?
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