Saturday, July 28, 2007

About This Blog - Money Fetches Money

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I have created this blog to post few notes/details while learning about finance. I have read the Robert Kiyoski's world best seller book "Rich Dad Poor Dad". Ah! That's an entire topic that can generate few more blog posts. The book tells all about what the rich does and how it different from what a poor does. Well, That book and many others teach one thing for sure..."Money that we already have is one of our many resources" and we need to make that work for us. as we apply our resources to our business. Another thing that I learnt is we should be concentrating on all our executions so as to we increase our assets rather than liabilities. For example, a car purchase increases liability where as a home purchase brings us liabilities too, but it makes us a big asset.

Well, here on, I'm planning to read and learn about Credit Scores and Credit Reporting, Savings Accounts, CDs, Mutual Funds, Bonds, 401K Plans and other plans, Tax Saving techniques and lot more...

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