What is the Real World? FAKE written by Robert Kiyosaki

Robert Kiyosaki wrote about his wealth to his father, who was poor, and this book became a bestseller. FAKE is a book that shows clear insights into the factors he needs to become rich.

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We have been trained and refined through countless educational programs since childhood. The test race, which began in elementary school, is a common way of life for students who live the lives of workers after finishing the period of the College Scholastic Ability Test.
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It is time for us, who are tamed by society, to see the world properly. The subprime mortgage crisis began on Wall Street, where CDO derivatives were developed and sold in the United States, but destroyed the Korean stock market and real estate market. Workers' lives were severely damaged.

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With the emergence of Covid-19 as a social phenomenon, the fundamentals of the lives of self-employed people operating offline and those who were wage earners as workers are shaking. All the government can do is spread the aid and the central bank promises to buy state bonds and buy them at a faster pace.
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Inflation inevitably occurs when cash circulation increases on the market. We, who live as workers, receive monthly income in cash, but the actual purchasing power is falling significantly. We should be able to see the real society in a society where we have lived hard but cannot live well.

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Real money

Robert Kiyosaki says he has real money and fake money. Real money means an exchange medium that historically does not lose its purchasing power. It's gold. While blockchain technology is developing now, it may be Bitcoin, but it will take a long time to become a global currency.

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We tend to be obsessed with fake money. The dollar or won is issued by the central bank and there is nothing that can be done with 50,000 won bills engraved with Shin Saimdang teacher. The value of money has been declining, but the purchasing power of gold has been maintained. This is because the supply is limited compared to demand.

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In 1971, President Nixon broke a contract pegged at $35 an ounce as Japan's rapid economic growth began to spill large amounts of gold. Now the dollar has become fake since 1971, and the won exchanged for the dollar has also become fake. Only real money can protect our future.

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Real education

The education we have learned is fake education. I spent a lot of time going to academies to solve math problems and getting scolded by my teacher, but solving problems is only a side problem. Real education is to provide a realistic manual on how to survive in the world.

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People who have never invested before should find a teacher who will teach them how to invest. In theory, a teacher who only reads books and has never experienced real life is a fake teacher. You should meet a real teacher who has gained experience in the field of failure and success.

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Education should be able to boost students' potential. The original language of education is e (outside) Ducare. We have countless potentials, but we are afraid of mistakes. We always make mistakes when we learn to walk and learn to ride bicycles, but we don't allow mistakes in school. You can't learn anything because you're afraid of making mistakes.

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Traditional schools make it illegal to collaborate with friends to solve test questions. However, he should create a team that can help him in the real world and solve problems with them. It is a market that cannot survive alone.

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You have to get a real education. I have to learn investment, law, tax, and spiritual teachings that can protect my time and future. Human potential is infinite. Fake education cannot protect us. As long as we work hard in business, we will be crushed in the face of change in the world.
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They should create a team that can help themselves in the real world and solve problems with them. It is a market that cannot survive alone.​​

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Real assets

The economy repeats its rise and fall. What's interesting is that regardless of whether the market rises or falls, the rich become richer and the poor become poorer. There is no fixed direction for money, but the wealth gap is widening.

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In 2008, subprime mortgages hit the global economy. The stock market tumbled and the historic Wall Street investment bank closed. The starting point was the investment bank that collected subprime ratings and created the CDO, the credit rating agency that rated AAA, and the U.S. government that condoned it.

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But no one was responsible. Instead, Federal Reserve Chairman Van Bernanke boosted the market through astronomical bailouts. The tax payers were used to create inflation, and the rich became richer and the poor became poorer.

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Reducing consumption and increasing savings is a way to get rich much faster than not. But this is not the unconditional right way. This is because assets purchased by leaving surplus in income also have real assets and fake assets.

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This is because assets purchased by leaving surplus in income also have real assets and fake assets.

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Asset management companies that sell stocks, bonds, and funds earn commission fees as transactions increase. Only commission becomes a real asset to them and it doesn't matter whether the price of stocks, bonds or funds rises or falls. Those who leave money to the fund will be forced to lose money in any market situation. Wall Street and the public play dice games. It's a game where Wall Street wins when even numbers come out and we lose when odd numbers come out.

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A real asset is to maintain value for a long time. Real estate, gold, and artwork that could be displayed in museums are real assets. Gold, in particular, is a real asset of historic value. Individual shares have a gap between proper value and price due to overshooting and inflation effects.
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Real assets have been around for a long time.

It's about maintaining value.

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In 1971, President Nixon cut the link between gold and the dollar to ban the export of gold in the United States. The spot price of gold, which was $35 per oz, is now close to $1800. It has soared more than 50 times. The cash we earn at work is gradually losing our purchasing power.

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There are many ways to make a rich man richer. First of all, experts in stock markets such as casinos turn into financial asset managers and extort our money. Only commission becomes their real asset and we lose money under any circumstances. The magic of benefits does not apply only to yields. Fees collected by asset managers also return to the concept of benefits at a huge cost.
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The second method is large-scale currency issuance to support commercial banks. The central bank implements fiscal policies that purchase state bonds to supply market liquidity and monetary policies that speed up liquidity in the market by lowering the key interest rate. Increasing currency dilutes the value of our cash, which has done nothing wrong. The money is taken away by force. The problem is that this process is invisible. The rich have large debts before the currency is issued. And the debt is written off in the currency that has fallen. The rich are getting richer.

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Poor people don't buy real assets. I'm not talking about cars or refrigerator TVs. When the market falls, the purchasing power of the poor falls together. The rich buy the assets of the poor at a bargain price. They have plenty of liquidity and even make astronomical profits when the market falls.

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Poor people. Don't buy real assets.
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Rich people do not pay taxes legally. Buy real estate from the business that you own. Real estate consists of a lump of concrete on the ground. Concrete depreciates over time. A depreciation in value results in an accounting loss, which is offset by revenue and results in a tax base of 0 won.
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It is a formula made by President Trump's son-in-law and surprisingly legal. Just because we don't know doesn't make it illegal. In addition, exporters and crude oil companies are not taxed. The world we don't know is wide.

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The ability to distinguish between real and fake assets is needed. We should be able to wake ourselves up. The moment we see the real world, we will wake up our minds who have been sleeping until now. The contradictions of words, the contradictions of life, will begin to be resolved as we grow older.
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Robert Kiyosaki's FAKE makes us stand before the absurdities of the world. Then, it is a book that helps you see the world with reasonable doubt and find the real thing. We can see the real world in the big tete-a-tete-a-tete-a-tete of education, money, and assets. The moment you open your eyes, your change begins.