Sunday, March 29, 2009

Book Review: Rich Dad Poor Dad

I came across this book in accidentally in the local library. I took it since it was recommended by one of my fr long time ago.

Even though many of the concepts like 'tax advantage of a corporation', real estate forclosure investment are already familier to me, I am certainly delighted with the ease of explanation and presentation.

Here are some of the 'simple' definitions will i will be remember for a while,
Asset: Puts money in your pocket.
Liability: Takes money from your pockets.

I did not even imagine cash flow statement and balance sheets can be easily demonstrated with
some simple diagrams. Its a must-read for anyone who wants to take to start a business and especially if its will be in the investment domain.

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