Review Of Rich Dad's Guide To Investing Book
This is the third book in the Rich Dad's series Robert Kiyosaki wrote after the hugely popular Rich Dad Poor Dad. Robert casual style of narration makes it both enjoyable and easy to digest the close to400 pages book. I took about six weeks to complete the book.
This book focusesa great dealon the B-I side of the quadrant as well as the B-I Triangle. To become rich and we have to be both an investor and a business owner. To be a really great investor is to become an ultimate investor. A person who invests from the inside of the company and who takes the company public and sell the shares to outside investor. Robert also explained all the components of his B-I triangle, which Rich Dad taught him and to build a strong business dedicating one chapter for each component. If any of the component of the business is weak and the business will be in trouble and fail.
Although Robert gives very clear explanation to every concept, you still find his explanation open-ended and requiring you to figure out what is best for your own financial future. I have learnt many lessons from this book and summarized here below:
- The various investor controls needed
- Different level of investor e.g accredited and sophisticated.
- Increase finanancial intelligence.
- The needto have3 financial plans. One to be secure, one to be comfortable and one to be rich.
- Understand financial statements.
- The 90/10 rule of money.
- The tax benefits enjoyed by a business owner compared to an employee and self-employed.
- The difference between saving and investing.
- See the flip side of the coin for any investment.
- Living inthe information age versus industrail age.
- What it takes and how fast to be a billionaire in the information age.
- and much more
Raymond Heng is a FULL time Test Consultant specializing in IT testing (software, hardware and integration). He is conversant in internet marketing in the areas of affiliate marketing, blogs, email marketing, SEO, product creation, article promotion and social media marketing. He enjoys investing in stocks, options and raw land. He reads about investment and finance during his free time and loves travelling. Currently he enjoys spending time with his infant daughter. Visit his web site to find out more at http://web.singnet.com.sg/ - raindeer/Write to him at raindeer@ singnet.com.sg.




