A specific question: Is having cash/dollars a good thing?

Cash is King right? My Answer is NO. In today’s global economy, the US Dollar is currently being kicked in the butt. It looses value everyday. It is a currency, therefore not backed by gold. It is simply printed paper.

Inflation increases the cost of everything while your dollar buys you less and less. If we were to sit $10,000 on the table and leave it there for 10 years, assuming it looses 3% a year in buying power, your $10,000 would buy you $7,600 worth of goods and services.

But wait, remember the $25,000 car you wanted to buy, 10 years later is costs $33,597 dollars.

So what is my point? My point is that holding or hording cash in the current economy is one of the worse things you can do for your financial future. The majority doom and gloom people are too afraid to invest in anything right now. They have sold ALL their stocks, all there bonds, and other investments. They won’t pull the trigger and buy a house, EVEN if it a good deal.

MEANWHILE their dollar is eroding and the goods and services they consume cost more and more everyday. This is not an educated or "enlightened" way to go through life. So what can we do? BUY AN ASSET!! BUY ANYTHING! Yes I said it. Buy something. Anything. GOLD, SILVER, STOCKS, REAL ESTATE, BONDS, COINS, COLLECTIBLES. But dont' sit on the sidelines.

This time in history is when the rich get richer and the poor and middle class will be hammered by inflation and the cost of living. Do your research AND get an adviser.

Explore the opportunities that are out there and find one that fits your situation. Maybe it is Gold or Stocks. Maybe it is Real Estate. Just find something that is a good deal and buy it. Now is the time to cut back on expenses and invest all of your capital in assets that appreciate in value. Instead of paying $50,000 for a car, buy something small and invest that extra $200 a month in something you will have in 10 years.

Philosophically, it does NOT matter to me how/where you invest your money. My specialty is educating people to buy real estate, specifically in the Austin, Texas region. It is a proven way to wealth and arguably is the # 1 creator of wealth in this country.

I have come to learn at a young age that less than 10% in any given field will actually perform in the top of their profession.

About 10% of the population will hold the majority of the wealth at any given time. Less than 10% of small businesses will survive more than a couple years.

I also believe that at this time in history, only about 10% of the population will take advantage of the EXTREME OPPORTUNITIES that exist in today’s age. Most people will huddle up and wait for the storm to pass. They are scared of the lightening called “risk” and teach their children to always play it safe. Sit on the sidelines. Let others get wet.

I work with people who are in the 10%. The ones who are not afraid to come out when everyone else is predicting lightening and fill their buckets with water during the storm. They know that stock piling a precious commodity will pay extreme dividends when the pack resumes it’s lifestyle and comes out of their safe secure cocoon.

Being in the top 10% has nothing to do with being rich.

It is simply a mindset. A way to live your life.

The 10% will be glad they did. The pack will say I wish I had.

Feel free to post your opinions below. Do you think Real Estate will be worth less in 10 years? How about Gold? Copper? How about water? There are many places to invest money. You actually have to do research.

I prefer real estate do to the fact that you can buy a property and have someone else(a bank) put up 80 to 90% of the money needed to purchase the property for you. Hmm...