Creating Money Out Of Thin Air !
In my search and understanding of the mysterious of money , I came across a phrase that was used by many people in the world of creating wealth . They talked of creating money out of thin air !
Now that was certainly a place I wanted to be in ! I definitely wanted to know how to create money out of thin air !
That lead to me reading books on financial matters . I wanted to know how money was created . What is the concept of money . Who or what are Capitalist . I realised that I needed to go to the very roots of this thing called money that had such a strong impact on all of us humans on the planet Earth.
Smart people realised that some items are asserts and some are liabilities . Asserts go up over time due to inflation ! Wow ! that was a great discovery for me . What is inflation and why do we have inflation ? Inflation is a mystery in the sense that the price of some items that are really needed and can become scarce due to demand or due the cost of production or many other factors . Whatever the reason given by the experts , the fact remains that some things will go up and some will go down .
I learned from these smart money people that property is one such item that will usually go up in value over time !
Most smart money people either made good money from properties and did other things to make more money further or after they made money , they parked their money in property !
Well , all we need is knowledge and then take action . I went to work on my new found understanding of expanding or increasing my wealth .
I further also learned that the Banks and other institutes of money were always willing to give money for properties provided you meet the terms and conditions of these banks . They were willing to give you a loan for you to get your property . All you needed to do was to place a small deposit and the rest was given by the bank . Wow , that sounded even better ! I learnt another new phrase known as OPM ! It simply means , other peoples money ! We use other peoples money to create money for ourselves ! The magic of creating money becomes more and more interesting .
So , now , we go get a property and let the bank give us a loan . Then we rent the property and wait patiently for the inflation to do its magic ! If all the factors are done well then the outcome is short of a miracle ! Money is really made out of thin air !
I will end my short and brief blog here.
Till we meet again . Keep making money or that least create some great ideas on ways to create money .
Take care. Dr Dhali / Amar.
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