Robert Kiyosaki

After Gelo's burial, I was so depressed. Every evening I cry and had a hard time sleeping.  To entertain my mind, I bought motivational  and self help books and magazines and anything that caught my intererest.  One time I was at National Bookstore, I saw this book by Robert Kiyosaki entitled Guide on Investing.  I did a quick read on Kiyosaki's Rich Dad, Poor Dad in 2007 and his concepts are interesting.  So, I bought his book on investing to see if I can pick up some good points on investing.

After what happened with Gelo and the almost a million hospital bills and related expenses, I had a really rude awakening in many aspects of our life and one of this is in the area of finances, on being prepared for any eventualities and emergencies.  I found out that I did not gave finances the focus it deserves, so that we can be prepared for situation like what happened to Gelo.

Some thoughts after reading Guide to Investing:

1. Turn your money into paper assets like stock certificates, real estate titles, mutual funds, insurance.  Never put all your money in the bank except your emergency fund, where inflation can easily caught up with.
2. Have a profitable business and let it finance your invesments.
3. Create a company where you are a majority owner and have all your properties be owned by the company.  Have very little property in your name, name it under your company.  There is a very good explanation about this.
4. to be continued........