Thursday, January 15, 2009

Rich Dad Poor Dad by Robert T. Kiyosaki

This book was a very exiting book to read! If you feel like there is no way out of the day to day 9-5 job then think again. That's exactly what this book discusses. The author calls it the rat race. So maybe you're thinking that this book will give you the magic spell you've been waiting for, well think again. It does tell you how you can get out of the rat race and into the fast track, but it's going to take some eduction. The author calls it financial IQ. In order to increase your financial IQ you will have to invest time and possibly some money into it. That doesn't necessarily mean go back to college, but instead commit to educating yourself by reading, asking the experts, and gaining experience.

This book will challenge your basic way of thinking about things. Like the myth that your house is an asset and other ways of thinking that are uncommon. If you want to know how the rich get rich then this is your book.

The coolest idea in this book for me was the idea of passive income, turning money into more money. One of the ways the author mentions in this book to create passive income is to invest in real estate. Think about it, if you have a renter in a house you are renting out, theoretically you are making money in your sleep. So get out of the rat race and get this book! For more info and books by the author Robert T. Kiyosaki
go to http://www.richdad.com/.

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Wednesday, January 14, 2009

Investing for Dummies by Eric Tyson, MBA



This book spans a lot of different topics in the investing world, such as stocks, bonds, mutual funds, business, real estate, CD's, and money markets. Yeah, I know, so its kind of boring stuff. I actually listened to the audio book version of this book and that actually helps a lot when listing to stuff like this. I like the subject of finance but I'm suggesting this book for people who might not be as interested as I am.

The reason is that almost everybody does some kind of investing. Unless you have all your money in the toilet or under your bed you are investing in some way. This means you should be aware of this sometimes intimidating universe of investing.

The book's content is pretty easy to understand and helpful to the not so seasoned investor. If you have some money you would like to see grow, then before you invest you should read this book. It will give you a better idea of what your options are and address the risk involved in each investment category. Most of the advice the author gives I agree with, but there are some things I don't. When he talks about investing for your child's eduction, the author suggests that you consider how your investment will affect financial aid for your child. In my opinion this is a losing mentality when you believe that you will not be able to save fully for your child's eduction. I know not everybody will be able to do this, but don't let financial aid stop you from achieving your goals. Like any book on a subject like this, do your research carefully and don't just take any one book's advice. This is a good book to start out with when researching investing. I liked the learn-a-little-about-a-lot approach of this book.

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Thursday, January 8, 2009

The Total Money Makeover by Dave Ramsey
First of all I would recommend this book to anyone. This book gives a good foundation for obtaining financial peace and building wealth. A lot of times people will read books that go right into the investing and making money part of the scenario. If they don't have a written budget, and they are in debt up to they're eye balls and don't live on a lot less than they make then they will never be financially free. This book takes you step by step to achieve a good foundation and if you follow its principals you will start to see more money come your way. This book also addresses money issues between spouses. So if you have money fights in your home read this book. Subjects also covered are, how to form a budget that really works, how to implement a system to pay off debt, the importance of building a emergency fund, saving for retirement and kids college, investment tools and much more.

Bottom line, this is a must read for anyone concerned about financial management and building wealth. Read this book before you read anything about stocks, bounds, real estate, business, or any other investing book. For more info on money and the author Dave Ramsey visit -http://www.daveramsey.com/





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