Friday, August 7, 2009

Rich Dad's Prophecy by Robert T Kiyosaki

Robert Kiyosaki is one of my favorite authors. He takes financial information and presents it in an easy to read and understand way. Plus he is a good motivator.

The main point of this book is to be prepared by increasing your knowledge about finances and investing so you are prepared to weather downturns in the stock market. Another point he brings up is that baby boomers will be turning 70 in a couple of years (I think he said 2016.) and will be required to withdraw from their 401k plans. This could adversely affect the stock market. Another point he makes is you don't have much control when investing in a mutual fund.

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