About
Kung Fu Finance is a website dedicated to helping people dramatically improve their financial situation, no matter where they may be starting from, while having fun along the way! I believe that people learn best when they are engaged and entertained, and to this day I have no idea why the vast majority of “finance” sites are soooo dry and dull (with a few notable exceptions that I will certainly refer to when relevant).
Why Yet Another Personal Finance Site?
Most personal finance sites target the “average investor” (and really, who wants to be “average”? No one gets excited about being “average”!) with very average to below-average advice, such as “Save your money! Clip coupons! Get on a budget! Contribute to your 401(k)!”, which, to paraphrase one of my personal Kung Fu Finance Masters, Doug Casey, “is not just the wrong advice, but exactly the opposite of the RIGHT advice!”.
Alternatively, other sites target the “wants-to-be-sophisticated investor” with crazy promises (you’ve seen the sales letters— ”Discover how this 97-year-old woman unlocked $1,392,400 using just this ONE secret!” or “Make 352% by buying this ONE stock that’s a ‘sure bet’!” or “READ THIS NOW BEFORE THE MARKET PLUNGES!” in all-caps of course, to make you drop everything NOW and read it immediately.)
Well, I am tired of both of these types of sites, and I have some time and a lot of passion, so I am creating a site dedicated to helping people think for themselves financially and to helping each other out along the way.
Why Now?
I am also actually terrified for my fellow Americans (I am a U.S. citizen) and for many of our other Western, developed-economy global citizens. In the U.S., as I write this, the majority of citizens believe:
- That the U.S. debt is “manageable”
- That the economy is “recovering”
- That inflation is “transitory”
- That the best way to become wealthy is to save “money” (e.g. U.S. dollars…not really “money” but we’ll get into that later)
- That the government would never lie to them and will always look out for them
- …and much more
I worry that unless people begin to take some personal responsibility for their financial education and situation, their standard of living will drop dramatically in the next few years. There is no time to waste!
Mission
I have always had a passion for personal finance (first, in growing mine to match what my parents called my “expensive tastes”
, but later, in helping others achieve financial freedom). I have therefore made it my mission to help 1000 people dramatically improve their personal financial situation in the next 12 months. Obviously, this means different things to different people, depending on where you are currently, but no matter where you are, I want to help you not just do “better” this year financially, but to do UNBELIEVABLY better by delivering you the utmost valuable and honest content and help that I can.
Movement
My dream is for my mission to grow into a movement of people who have the guts to challenge their most deeply held assumptions and beliefs about money and personal finance, the gumption to cast aside the shackles of our lackluster (that’s putting it kindly) education, the courage to try new ways of doing things, and the compassion to help each other out along the way.
Will You Join Me?
Are you one of these people? Are you tired of living paycheck-to-paycheck? Of having your dollars (or euros or pounds or…) losing their value right before your very eyes? (Did you know the dollar has lost 96% of its value in the past 80 years? And 40% in just the past 8 years alone?) Then I hope you’ll subscribe, contribute, and join us on our journey to “Kung Fu Finance Mastery”.
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{ 37 comments… read them below or add one }
Excellent site. Simple to follow and full of riches in content. I will recommend it to friends and family.
Have a nice day, God Bless.
Thank you Alfonso!
KungFu Girl,
Mahalo for sharing! I need guidance since my self discipline in the stock market sucks!
I also am a Robert Kiyosaki fan – his books and his talks (not necessarily his “companies”, though) are spot on. It is what got me into real estate investing – slow but steady.
I have much more to learn, and will look forward to receiving emails updates from you!
Aloha,
Aunty
Thank you Aunty!
Hi Susan. I responded to your recent comment re: online education. You can see it over at Simply Defined. Thanks for reading! http://simply-defined.blogspot.com.
Thank you Angie!
– KFG
How do I subscribe and receive your missives?
Sorry to be unable to find this on your site.
James E
Hi James!
Thank you for your very nice question and for wanting to subscribe– hopefully this has been fixed now to be more clear (there is now a splash page and several subscribe boxes on each page) and please let me know if you have any more difficulties!
Thank you!
– KFG
Like James, I too am looking for a ‘subscriber’ button to get notified of your posts, and can’t find one. Your website is totally inspiring. I’m in the worst “hot water” of my lifetime, so your Year of the Dragon post speaks directly to my heart which is liquifying as I type.
My dear friend, Carol in Cafayetes, pointed me toward this website. I hope you will establish some kind of link or feed for your blog posts.
Oh wait, if I check this box “Notify me of new posts by email” right under this comment, will that do it?
Hi Beverly!
Hopefully this has been fixed, and yes, checking that box under the comment is one way to do it! You can also subscribe via the splash page (which didn’t exist when you wrote this comment…so sorry, I’m getting better technically, LOL!) and via a few other boxes on each page– hopefully it is more obvious now.
Thank you for your nice comment, and for your nice words!
I am so very sorry your heart is liquifying now and please let me know if there is anything I can do to help! You can send me a personal email anytime at the email address the newsletter comes from. Yes, I have not met Carol in person yet but I can’t wait to! We are neighbors in Cafayate– my husband and I also bought a homesite there at La Estancia!
Thanks so much for your nice comment, and welcome to Kung Fu Finance!
– KFG
Hi Susan, YES, I’d like to join you. =) I’d like to be one of the 1,000 people you help. Do my immediate family members also count in the 1,000? =)
@James, @ Beverly: See top right to subscribe with your email address.
Hi Ivan,
Thank you, and welcome to Kung Fu Finance!
Of course you (and your immediate family members) count in the 1000, and I hope I can help you! (Please let me know how I can help!).
Welcome aboard, and thanks so much for your nice and helpful comment!
– KFG
WOW great site very comprehensive and i hope you more than reach your goal of 1000, hopefully 10,000
i was drawn here by the story on cayden, nothing against them but look hard, very hard at Newstrike Capital, NES on the tsx venture. They are caydens neighbor to the north today trading at just over $3 they are about 1.5 years ahead of cyd in development of their high grade deposit Ana Paula, we are overweight and expect a market cap of close to a billion dollars after the 43 101 is released late Q1..we feel the Newstrike deposit is superior to the Torex deposit also. we think the GGB (gurrero gold belt) is the place to be in 2012..Of the three players in the area we like NES then TXG then CYD.. cheers and happy investing
Thank you Caliche, and welcome to Kung Fu Finance!
I will look into NES and TXG…thanks! I am making a shopping list now for some miners to add to my portfolio.
Thank you, and welcome!
– KFG
The links on this page:
http://www.kungfufinance.com/getting-started/
are broken.
You need to adjust your permalinks I think.
For instance the “2011/10″ screws up the URL to get to the post below:
http://www.kungfufinance.com/2011/10/what-steve-jobs-can-teach-us-about-money/
If removed you can get to the link.
And of course if this is just me, I’m a dork.
Hi Chris!
You are NOT a dork
, you are absolutely right and thank you very much for letting me know! It should be fixed now, but please let me know if you have any other difficulties…I had the site “optimized for SEO” a week or so ago but in that process it looks like all of those links became broken (you are right– they changed the permalinks from date-based to non-date-based).
Thanks so much for letting me know!!!
And welcome to Kung Fu Finance! It’s great to have you here!
–KFG
Just read your article in Early to Rise titled “What Do You Mean, Life Isn’t Fair?” Really enjoyed it, especially given that I am a father as well and am of course constantly wondering how to guide my daughter to help her have a successful life. I was wondering what you thought of the whole Tiger Mom concept, if any of it appealed to you? Obviously it’s been blown way out of proportion by the constant media focus, but at the same time, the methods to seem extreme. If anything, I’m wondering how you approach teaching your kids about finances.
Hi Andrew!
Welcome to Kung Fu Finance! Thank you for your nice comment, and you’ve reminded me that I should write an article (or several) on “Kids and Money” sometime soon (although I am no expert myself…mine are 6 and 4 so my “vast experience” stops there, LOL!).
But I am happy to talk about how I teach our girls about money (and also how I wish I did, because sometimes the two don’t quite mesh, although I give it my best!). Hopefully as a parent you understand…there is how I “wish” I parented every day and how I “actually” parent every day.
Yes, I’m not sure about the Tiger Mom concept– to be honest, I probably don’t know enough about it to be able to comment on it very well (I guess it depends on the definition of “Tiger Mom”, and like you said it’s been blown so out-of-proportion on the media it would probably be difficult to agree on a definition for it!).
In general, I think Kung Fu Guy and I are probably somewhere in the middle– we don’t necessarily want our girls to go to Harvard or be the number one pianist or other such ambitions unless that’s what they want (and they are willing to work hard for it), but on the other hand we can be pretty strict– before we had kids we sat down and more or less came up with our brilliant parenting philosophy of:
(I know, deep stuff, huh?) LOL. But seriously, this simple philosophy has worked pretty well for us so far (knock on wood!)– we are not their “friends”, although hopefully one day we will be, but we are their parents, and we can be pretty strict (especially about getting along with other people– manners, respect, politeness, etc.).
So in that sense I can be a bit of a Tiger Mom I guess, and I also do believe in having them stick with things they’ve started, so maybe I’m more of a Tiger Mom than I thought!
Anyway, I don’t mean to ramble and yes I will happily write a post on Kids and Money (and hopefully get lots of feedback from the community, too, as again, my actual “real-world experience” stops at age 6!). So far my 6-year-old definitely values money– she is obsessed with finding pennies, nickels, etc. when we are walking around and faithfully puts them all in her piggy bank!
Thanks so much, and welcome to Kung Fu Finance!
– KFG
In the past, I have enjoyed your thoughts on gold & gold ownership.
I have several questions, for which I would appreciate your thoughts:
1) In your opinion, is it best to buy gold BARS or gold COINS?
I would think that bars would be the most economical way to go?
2) What sources have you run across where you think we can get the best buys?
3) Since I do not have any resources to keep the gold out of the country, do you have any other suggestions on where & how to store the physical gold?
4) How does one go about redeeming the gold? Is it costly to do so?
5) In the remote event of a major economical collapse in the U.S., how would having gold bars help us? In other words, how can we exchange it and for what? Do we chip pieces off and use it as barter? My question really is … In an upside-down world, how can we USE (or spend) the gold?
6) You mentioned that many people keep their gold out of the country. In an economic collapse in the U.S., would that not also bring major upheavals to most other countries around the world? So … what good having gold outside the U.S. do us?
I am just exploring the thought of accumulating gold, as many of your readers are working on it. Any help & guidance you can give us on this subject would be much appreciated!
Anton
I read with GREAT interest your July 9, 2012 issue!
However, it lead me to a number of issues with regard to the financial education section.
1) I wish you would go into more detail with your readers on how we can earn as much as 16% (+ or -) on savings account yet sleep well at night. Please help!
2) Again, please tell us how & where we can go about acquiring phenomenal business stocks on the cheap and earning income along the way.
3) As far as metals are concerned, you have answered some of our questions. Hopefully, you will answer the rest of the readers questions relating to gold in time. It is soooooo helpful!
4) How may we diversify our asset internationally and open foreign bank accounts?
5) I have already set up an account through your website with Hard Assets based on your input.
Is there any way you can help your readers with more in-depth financial planning? (or on an individual basis, even if it is fee-based?)
Thank you for your help, as always!
Anton
Read about you, good one. Keep up the good work.
Hi Susan,
Just saw you on ‘Capital Account’ with Lauren Lyster. Your description of yourself in 1996 was spooky for me to hear b/c it was EXACTLY like me, lol. along with your knowledge, your positive approach kept me watching. It is so easy to slide into a negative persona these days but that does not catch watchers eyes and ears. Your camera approach is spot on!
Hi Susan,
After the crashes of 2000 and again in 2008 I couldn’t shake the realization that there is something drastically wrong with our economy, and the advice we were getting was fatally flawed. I too started my quest for financial knowledge with Robert Kyosaki. I have read every Rich Dad series book, and have moved on to Casey, Martin Weiss, Peter Schiff, and many others. I have read everything financial I can get my hands on starting with the Greek empire, the history of money, the FED, etc, and never plan to stop learning. I saw you on Capital Account(great show by the way), and I’m excited to be a new member. This is a great site where average people can bounce ideas off each other, and get the real facts the government is hiding from us. Looking forward to walking the path of financial success with other Kung Fu members. Thanks for what you’re doing!
Investing does NOT = saving…worth sharing this Austrian School friendly concept is a ‘must’ to undermine fractional reserve banking…find YouTube vid #1 “Private Reserve Strategy” [12:38 sec]; “Wealth Transfers.flv” [12:44 sec]; “solving your money leaks” [part 1 = 10 min, part 2 = 5:22]; and “Book Summary: How Privatized Banking Really Works” [5:20]. This is an exciting way for inter-generational wealth transfers to occur in a tax favored way, safely & dependably with liquid access to cash…Michael
Apologies, the last video was more promotional in nature than I meant to share…suggest as an alternative the YouTube vid “Carlos Lara & Dr. Robert P. Murphy on Complacency” [9:25]; also a whole host of (admittedly sales-ish) videos @ http://infinitebanking.org/video-library/
Hope that EVEN IF you don’t post this to your site, Susan Fujii will spend time researching it for herself…I could not find a direct email address so decided to share it using this venue instead. Please let her see these posts regardless of whether it gets posted to her website. THANKS (loved her recent RT interview by the way)
Kung Fu Girl!!! the link to your recommended reading list seems to be broken. Can I get the top five investing books you recommend. Thanks
Hi Dustin!
I just sent you an email….here is the correct link, and so sorry for the trouble!
http://www.kungfufinance.com/top-five-personal-finance-books/
I’m working on getting all of my links fixed…it’s just slow going!
Thanks so much,
– KFG
Hi Kung Fu Girl, I’m from Argentina and a follower of Kung Fu finance. I have recently read about you having bought some real estate in Argentina. It is true that Cafayate is a very beautiful place, in fact there are a lot of beautiful places to live in Argentina (Bariloche, Mendoza, Cafayate, Va Gral Belgrano, and the list goes on and on), they can be the paradise in the earth, but I will give you a word of advice, please DO NOT invest in Argentina expecting to get something back. Not unless we have a radical change in government policies. This article barely scratches the surface of the problems we are facing http://www.nytimes.com/2012/09/16/realestate/argentines-turn-cash-into-condos-in-miami.html . There are no problems to send your money to Argentina, taking something out is very different.
Best Regards.
Hey Susan,
I just wanted to let you know that it seems like no matter which archived month I click on, it always takes me back to your homepage. You may want to look into that
I subscribed to your newsletters. Where can I download your Master Your Mind book?
I have spent hours today listening to your various interviews, which are very informative.
I appreciate your reply.
Thank you
I just joined and I am enjoying the website. I do have a question about trailing stop losses, though, and how they fit into buying when everyone else is selling. Currently, if I like a stock (XOM, NEM, PEP) and I am going to hold, I look at days when it is down as a buying opportunity. If I bought XOM at 85 and it fell to 70, I would want to gobble up more shares, not sell my positions, because I know XOM will recover. So, how do you differentiate between stop losses and buying when everyone else is selling?
a few months ago i had a question concerning the idea of the fed bringing back high value commodities (like gold) tangible currencies for a very narrow specific and separate from fiat uses, domestic only purpose: (paychecks and pensions) i assumed that the political climate is so polarized now that the federal/state/local governments would fight over what hot air belongs to what party and nothing would be done constructively to help most of americans economically,and do anything to bring americans together from bi-polar mania. thankyou for allowing me to post this “open” economics/political question (which may never be answered in my lifetime) and thankyou kfg for posting my origional post!
A word , my people say is enough for the wise , the words i got from others encourage me to get involve and i hope good things are going to follow up as time moves up
Hi – was there a follow up on Rick Rule discussing specific junior miner picks?
Thanks,Mike
Hi Michael!
Yes, it’s at the bottom of this: http://www.kungfufinance.com/rick-rule-how-to-interview-mining-companies/
Enjoy!
– KFG
KFG,
I just got your email with the Marin K. interview. I took a quick look at Brazil Resources and would like to comment on his “Brazil Resources is a screaming buy.” quote. Yes I agree that it was a screaming buy, but that was back in July and early August when it was trading around 80 cents. Now that its trading at $1.17, I think the window has been missed. There are much better buys out there in the precious metal sector now that we are in the middle of tax loss season and they are not difficult to find.
Best regards,
Kevin
Thanks Kevin!
Yes, I hated to call attention to the “screaming buy” quote which is why I put the “this is NOT a recommendation…” statement at the bottom…I do know Doug/Rick/Marin like BRI, but in general I dislike advocating certain companies over others…this was a bit of a test on my part. Thank you for your great comment!!!
– KFG
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