Jim Rogers A Gift to My Children author is on the show today. He is the legendary investor.

One of the biggest lessons in the Jim Rogers A Gift to My Children book is to be skeptical and curious about everything you hear and to be aware of the boys. Follow your own reasoning and your own passions. If people are ridiculing you for it, then you are on the right track. Nobody was successful by following other people.

The US and the world is going to continue to be in a sideways period for the next few years. Unless you are good at stock picking and trading, then you should be wary of the markets. Even more, you should be leery about giving your money to other people to invest. It is horrible to only earn 1 or 2% interest, but it is even worse to lose a percent or two per year in the markets.

There are a lot of places to be short in the United States. But you may want to be long in currencies and commodities. You may consider this to be a defensive position, but not everyone would agree.

You should start your retirement overseas. There will be major problems with US investments and currencies, so you should continue to learn about foreign investments.

The S&P could lose half of its value this year, according to CNBC. But CNBC and the government are two sources that you should be very skeptical of.

Things have been beaten down over the past 6 weeks, so we could begin to see a rally. The most things to be optimistic about in the next decade or two is agriculture and farming. If you don’t want to be a farmer, then buy some farmland. Or open a restaurant serve food to the rich farmers of the future.

The Jim Rogers A Gift to My Children book has advice for Jim Rogers daughters, but many more adults have gotten good lessons from it. The Jim Rogers A Gift to My Children book is the kind of book that can continue to guide you even 30 years from now.